The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1892-06-29
LIVELY DAY IN PORK.
The Shorts Get Alarmed and Results
in a Very Sharp Advance.
INDIANAPOLIS. IND.

lNDIANAPOLIS. Ind
MONDAY EVENING. June q.
James E. Berry's Chicago adyices today were
as follows:
The democratic convention has adjourned
and most of its members returned home, but
the shadow of the Hatch bill still remains to
dampen the ardOr of spectators. This threat
ened attempt TO change the whole manner OF
handling the immense cotton and food products
of this country by radical and what seems to
us TO be a very unjudicious legislation still
hangs like a cloud over the commercial inter
est conferred here. The demand for cash wheat
is strong and prices somewhat higher, both
home and abroad Speculative features in
London, Paris and Liverpool were lower; No.
corn is becoming extremely scarce, and the
market for spot and future delivery of all
grades closed very strong. The strength in
provisions is also favorable to holders OF coarse
grain. The trading in oats quite light,
but the market continues to advance. The
spectators ana packers who are supposed to
be interested largely in the advance of pro-
vision were again liberal buyers of all sorts OF
hog product; So is freely talked about as the
price of ribs In the future.
Wheat was quiet today, with q fair demand,
while corn was quiet with but little movement.
Oats were steady. Receipts for the past TWEEN
ty-tour hours, 10 cars, against total OF 43
cars for Saturday.
whea.-Quiet; No. red. 78c bid; No. 8
red. 74c.
Corn-Quist; No. 1 white, SOC; No. 2 white,
See; white mixed, ace; No. white, 46Q50c,
latter for one color; No. 2 yellow. 100;
No. yellow, Acc; No. mixed. 46c; No. 3
mixed. Acc; sound ear 4Go.
Oats-Firm; No. white. CSC bid; No. 3
white. $40 bid No. 2 mixed. SIZE; reiec,ed.
25@30e.
Brsn-Quiet. $1,000.
Hsy-Choice timothy, $1,000 No. 1, s11.OO;
No. 3 $3.50; No. l prairie. $500; No. 2
prairie. $3.50; mixed. $3.50; clover mixed,
Rye-NO. 2, 75o bid for car lots. Goo for
wagon.
On Market-Hay. timothy. S9o0@11.oO;
mixed, S1l00@l200; clover. S9.00@Il.O0; mil
LEI, $500; shelled oats, 35@37S; sheaf oats.
sl3-OU; corn, 50G5Sc.
CHICAGO. juno 27-It was lively day in
the pork pit. The shorts became alarmed in
earnest and the result was the sharpest ad-
vAnces since the bull campaign in that market
began. Many looked upon the hrmness OF the
last week as temporary and counted on a re-
action before any further advance. This morn
ing there was $1,000 hogs posted and the mar
ket at the yards quoted slow. This was looked
upon as a turning point But there was no
turn. All the products OF pork.
where the closed on the bulge Sat.
urday and began TO move higher. This
was thought to be under lead of corn. But
corn advanced &c and stopped, while products
kept on higher The export movement being
away beyond the ordinary for the season, was
influence The buying by brokers for
Cudahy & Armour interests was another
Then this country showed some response to
the bull market, as usual. after several days Of
advancing market. Some stop loss orders were
executed. The scalpers who were on the wrong
side bid for all products. Foreign houses were
also said TO be getting back stuff sold at lower
prices. Altogether a siam pede occurred before
the close, which was net gain of 35(G3715c for
pork. with lard 1910 on top of similar
bulge Saturday. Ribs gained zoe from Satur-
day. In wheat trading was light. The feeling
was a trile frmer, but fluctuations were con-
fined within narrow limits. The opening was
1s@14c higher than Saturdays c oslng figures
aud advanced &c more, held quite firmly and
the closing was about &c higher than Satur-
day. larger decrease in the visible supply
than had been expected, together with rainy
weather and an unconhrmed report that the
Hatch bill was declared unconstitutional by
the judiciary committee, tended to create a
! firm tone. If there is any line accumulated
with view of squeezing the July shorts in
corn there was no indication of mnnipula alton
today. The market was narrow, winding uD
with gain of go compared with Saturday
Oats closed from 40 TO 80 higher after ex-
periencing a moderately active session. Lake
freights were steady with fair demand at 20
for wheat, 1910 for corn and 111o for oats to
Buffalo. Estimated receipts for tomorrow:
Wheat, 225 cars; corn, 7S5 cars; oats. $50 cars;
hogs, % 600
The leading futures ranged as follows: