The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-06-02
LET DEAD BURY THE DEAD
Chicago Operators Begin Pluneing
Again Regardless of the Corn Fiasco.
Bad Weather YES Prices o Boost and Later Re-
ports Cause n Quick Recession-Pork Went
Up, but Fell Again with o Thud.
RADING AT CHICAGO.
Changers Throngine the Board Waiting 4
Corn to Go Cp.

Changers Thronging the Board Waiting for
Corn to Go Up.
CHICAGO, June 1.-Quick forgetfulness
was the fate accorded the corn corner to-
day. There was u lively market to con
tend with. and it demanded all the atten-
ton there was. The chief feature was the
weather. Hundreds of stations through
out the corn belt reported another night of
heavy rain. and no prospects of a let MP.
Messages from the country all the way
from Kansas City to Indianapolis were of
the most discouraging character. Prime
reported the conditions less favorable than
ten days ago and said that no corn could be
planted In Illinois, Ohio or Indiana this
week. More than all this the floor was
pretty well sprlnkled with country men
who are on hand to get on the bull side of
corn and oats i'll the expectation of higher
prices when the damage is fully under
stood. The market opened with a decided
bulge of 1c or more. There was a little re-
action caused by the selling on the bulge
when q second advance put prices to the
high point of the session. and about 1hc
over the close yesterday. Later In the day
the signal service pointed to wet weather
~ oha WV
quickly. losing about half the early Rd-
vance.
Wheat opened ss@asc higher than yes
terday's closing and advanced 1sc more;
then declined 14c. fiuctuaJed some and
closed qulet, HIGHER than last night. Trad
ing was manly local and of moderate
volume. Reports of rain from the West
and Southwest ana indications OF DAMP
ness In the North west caused the early adj
vance. 1t was Also claimed that wheat. II
the weather turns hot. is liable to rust. and
is IN a critical condition. There was also
talk about the government report, which.
it was thought. would make a bad show
ing. Late in the day q rumor that the
Hatch bill might be before the House be-
fore night caused some selling. Predic-
lions of clearing weather also helped
weaken the market to S2isc. the low point
of the day, but there was O rally before
the close on buying by shorts.
Oats were fairly active ell day., the mar
ket huctuatinR with corn and, closing 40
better than last night.
The provision trade was not a heavy one
and prices were easily influenced. AL
though the board showed nearly forty
thousand hogs at the yards and prices So
10c lower, there was enough influence
from the strong corn market TO start prices
steady OF higher. Later in the day pro-
visions weakened with tie easier feeling
in the grain markets. 1t was said that
Cudahv sold out quite q line bought last
week. Tonight. compared with last even
ing, pork and ribs show q net decline of
7h2c each and lard .02l9c.
There was more demand for vessel room
and rates held steady at 112c for wheat and
lac for corn and oats TO Buffalo. Estimated
receipts for tomorrow are: Wheat, 10S
cars; corn. 34O cars; oats. 164 cars; hogs. 49,
OO. The leading futures ranged as follows: