The Indianapolis journal., 1892-05-19
MAY CORN NOW THE LEADER
With Violent Changes 1t Fluctuates Be-
tween Extremes of 80 and sic.
Wheat Hangs Around the Same Figures Posted
the First of the Week, Closing at 81 1-Sc-
Oats Weakened-Hogs Showed Strength.
TRADING AT CHICAGO.

Many Big Houses Sold Quantities of Corn
at the Best Figures
CHICAGO. May 1S.-Corn was the leader
to-day. Traders at the opening were
greatly wrought up on the weather, and
May made an immediate advance of nearly
&C from the price it closed at yesterday.
July was wanted at the same time at 44c,
against 43la a 43asc at the close yesterday.
The May shorts were soon satisfied from
the fact that there were not many of them
and the subsequent fluctuations In the
price tor that month were of the most er-
ratio character. After it had worked off
gradually from 55c to 53l9c 1T was offered
down to sic without finding buyer, and
again bid up 70 52l2c. without a seller CON-
ing forward. July was more consistently
firm than this months delivery, and in the
former was concentrated the bulk of the
days business. The trade was very heavy
for an hour. and was not positively dull at
any time. Kennett-HopkInsw were among the
buyers for May, and among the prominent
purchasers for July were Bartlett. Frazier.
Logan * Co. and Boyden & Co. The most
prominent sellers were the Wear Commits
sion Company. Baldwin. Farnum. Pard-
ridge, Champlin and Coster- Martin. July
opened at 44c. sold as high as 4iis &C, back to
1880 and closed at that, against 43l9 lD
43ssc yesterday. With May corn touching
55c ~onder is expressed that such a shrewd
trader as Cudahy sold his big line OF May
a few weeks ago at abOut 43c and Quinfln.
of New York. dropped his line aronnd 45c
and 46c. Pardrldge. who Is short q big line
for July. estimated as high as 5000 900
bushels, fought the advance stubbornly,
and when that future got TO 44l2c and 44ss C
continued to sell through Baldwin almost
any amount the crowd wanted.
TO-dayfis the third In succession on which
the lowest price of July wheat has been
substantially SUl3c and the highest 81 lsc,
but whereas the closing price was S01sc on
Monday, it was S034 OH tuesday aud sos o
to-day. The wet weather was again the
bull factor In the wheat market, aud the
depression abroad the news which exer-
cised the contrary influence.
Oats opened firm and "a "a sc higher ow-
ing to bad weather throughout the grow
ing sections. The advance was not main
tanned. however, as the market weakened
rs corn declined.
The provision market showed little
strength. although hog receipts were niue b
heavier than estimated. The demand for
the raw article was however, reported good
and at some ImprOv ement in price for best
lots The strength OF corn likewise tended
TO encourage buying hog products. The
Improvement was for the most part con-
fined to pork, which at the close was THO
higher than on the day before. Lard and
ribs can only be called steady at previous
prices.
Vessel room was in fair request and rates
steady at &c for wheat and III C for corn to
Buffalo. Estimated receipts for to o-morrow
are: Wheat, so cars; corn. 225 cars; oats, no
cars; hogs. 81. 900 head. The leading futures
ranged as follows: