The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1891-06-17

Quiet; western dairy 11@15c; do creamery
15d1SIEc; do factory 11g141<c; Elgin 1870.
Cheese-Quiet, steady; part skins 4@7c.
CHICAGO, June Invisible supply Of grain
as reported Tor tie board Of trade is as follows:
Wheat 10 sol 600; decrease o76, coo; corn 1885,
COO; decrease, 65l 900; oats, 42620OO decrease,
2S7,060; rye. $4,000; decrease. 10000; barley,
1000; decrease, 2,CO0.
From a statistical Ioint of view the bears had
the best OF the situation in all of the pits today,
but aside from oats they failed in the end
reap an advantage from il TO speak Of Wheat
closed at from 80 higher for June to 20 lower
for August; corn is 5000 higher; oats are 15s@
218c lower; pork is 32}2c, lard 171@c, and ribs
Zoe up. Wheat was fairly active, cables
were weak and lower. The weather
throughout the wheat belt was reported
exceptionally favorable, that in the Northwest
for the maturing of the crop, and that In the
Southwest for the harvesting which has begun
there. July started ut 941941<o against $3.50
as last price on Saturday. Some buying
orders were had from New York, however the
market hardened some and there was a steady
advance to $3.50, which proved the top figure
OF the day. Al about that price London
cable reported the French markets from 10
11zf lower, and q report that harvesting had
already commenced in Indiana, and that ten
self binders at work near Nincennes in
that state again started the selling craze. Long
wheat was dumped freely. Resm, Cudaby X
Partridge sod short vigorously. and there was
followed on the posting of the visible
supply which showed nearly 100000 blu.
decrease; but the strength short
lived and another recession to 1890 took place.
Near the close the market became strong again
and the close was at 94Ilc. Corn opened weak
and lower. The temperature ali over the West
was warm and forcing, being almost perfect for
the growing crops which is said 10 be in fine
shape and crop news from all sections indicate
a splendid yield. July opened at $3.50 against
$3.50 at the CLOSE Saturday, but there was
some good buying and advanced to 54c; this
followed by decline to about the
opening figures. Thea the estimates for to-mor-
row came in showing small receipts in prospect
and there was a good decrease Ia the visible
supply. Cash corn was bid up TO
premium OF 3d31Sc over July and pro-
Wilson's we're strong. These conditions
caused a better demand and the price
OF July advanced to 54Ac where it closed.
Oats we're the weakest OF the articles traded in
on the board. The proposal of an enormous
crop scared the longs and they made haste to
save themselves by throwing over their hold
ings az whatever they could get for
them. The execution of stop orders added
@3654c against S94c as Saturdays last
figures and sold down TO Soc at one
time during this session; but toward the close
the strength in the other pits caused rally and
the close was at SIC. Provisions were I'M
expectedly strong The receipts of hogs were
heavy and prices were lower in sympathy.
Provisions opened slightly lower, but there
was good buying, which held during most OF
the session. with the result of q steady advance
in prices. with only one or two moderate resc-
tions. September pork closed at S1062%
against 5000 on Saturday; lard at $3.50 against
$6.37lZ, and ribs at S6.2715 against S6.O119.
The leading futures ranged as follows: