The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1888-08-01
MARKETS BY TELEGRAPH.
Produce.

CHICAGO, July S0.--A sensational bulge in wheat
over-shadowed all other operations on change to-
day. The instant the bell tapped for the opening
there ensued a tremendous clam0r. Prices opened
&c the close at noon Saturday in New York, &c
over the close Saturday afternoon here and 11gc
higher at st. Louis. The jump was something amaZ-
ing, following the usual advance Of &c, which marked
the close OF last week. The drift OF feeling
shown on the curb and when the opening moment
on the floor arrived the confusion and excitement
great as 10 make IL difficult 10 get prices at
ALL The first official quotations S31sc for Aug,
Sic for Sept. and $50 for Dec The cables very
bush, the weather on the otner side unusually hot
and wet and hurtful TO crops. During the first ff
teen minutes Aug sold at sac, Sept 81 and Dec at
S64c, an advance OF fully &c for all futures. Local
SPECTATORS and foreign agents all were buyers and
only those with long wheat had courage to sell.
After the first bulge and furry prices reacted about
higher than before with Aug. up to 1885, sept $50
and Dec. at SIC, an advance OF 2s4c for Sept. and
Dec linen prices eased on reaizihg safes 70 o4c LOT
Aug, S43sc for sept. and $3.50 for Dec, and
there they rested shortly before the close.
Nevertheless, the market at the final moments
was strong and the best prices were at nearly the
outside for the session; Aug SEC; Sept, S5c. As
Saturday the market started of Just little
gamey, with Aug selling up from 45c TO 4514c; Sept.
from 4i5Sc 10 4514e, and Oct from 445sc to 4i54c.
The improvement was not maintained however. and
the market got back below the starting price and did
ment promises to increase Corn is lower than when
wheat started on its &c advance. Oats were only
fairly active, and the of prices in the specula
tive market confined within narrow limits. The
general tendency one of easiness. Provisions
opened the week with no abatement in the bullish
tendency they have lately exhibited. Under the in
huence of another sharp advance in hogs the initial
sales all around we're made at prices materially
higher than Saturdays c0sings In pork the first
transactions showed appreciation Of 17c in lard
of 713@1Oc and in short ribs of 1O11212c. During
the day product averaged much higher than the
opening futures. The range covered by pork in its
fluctuations was 15c. by lard 71I3l0c and by short
ribs 5d112c Trading was active and more general
in its character than on any day since the upward
movement was ina5gurated. A large amount of
I'll. L I'D
presumably against outstanding short contracts
Cash buyers were deferred from filling good many
orders by the prices asked. September the lead
ing time delivery. For that month pork sold at
S145O9l465, lard at IS 9299 O21Z and short ribs at
sS.45@S.50. Pork for Sept. closed Sl4621S, with
Oct at the same price and July and Ang loo lower.
Future lard was quoted at the adjournment at IS 90
for July, S. 95dS97 for Aug 80 for Sept and 50 %
for Oct. July and Aug. short ribs closed at SS.45,
Sept. at $3.50 and OCtat S. Az. Later deliveries
were higher
The leading futures ranged as follows: