The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-06-20
CORN RULED THE MARKETS
Fair Weather at Home and Drought in
Europe Contributed to an Advance.
Gain of Nearly &c Over the last Figures Of
Saturday, While the Price Of Wheat
Fell off for Several Reasons.
TRADING AT CHICAGO.
Largo Receipts OF Hogs Served To Caused
siump An Provisions

Large Receipts OF Hogs Served tn Caused q
slump In Provisions
CHICAGO. June 49, Corn was king to-
day. There was suspicion that manipu-
lators were at york and that an aggressive
movement is contemplated by some of the
heavy local bulls. Shorts were free buyers.
The papers were full of narrowing details
of the great drought in Europe. whlle re-
ceipts in Chicago are running below ex-
peotations. Wheat dropped $40 and picked
IL all up again but lsc. That refers to July
only, September closing Ac higher. show
ing that carriers were getting sc more to-
day than they could secure Saturday for
holding the stuff for impecunious specu-
lators. Provisions are lifeless.
Corn was active most of the day. The
feeling was little quiet at the start, the
local cTowd being q little mixed at the
course of the market. The fine weather on
the one side and bullish news from abroad
on the other were the two important
factors The latter influence apparently
appeared to predominste. aud first trades
were the same to Ac above the final figures
of Saturday, and under an urgent de-
mand sold up full cent. The advance
brought out increased offerin gs. and. wheat
selling off, corn symDathize6. reacti ng l3c.
The market afterwards advanced Sac. and
at the close had gained Ia 0l7so Private
advices reported an advance of Sd at Liver =
pool. Anumber of foreign buying orders
here were reported. Rates to Buffalo on
corn dropped to 14c the lake aud rail lines
taking some big shipments at that figure.
The market wonld apparently not stand
much pressure without another break.
Wheat at the start was influenced by the
money market here, 1t being reported that
some of the banks had refused to make or re-
new loans on wheat. There was also quite
break In the price of wheat OF Minneapo-
lis, which started the rumor that some
houses In the Northwest were In trouble
and this induced considerable selling.
Under these influences . weak feeling set
| in, helped along by the generally lower
sables. but recovered when no confirmation
| of the rumOred trouble among some grain
houses alluded to could be obtained. The
| decrease in the visible supply here. and
reported drought in European countries.
had but little effect In the wheat pit
| Trade was light.
In oats the feature was the selling of
| July and the buying OF September. Prices
| had Q sc range and the close was firm at
| the top figures. with a net gain of so on
| July and Sc on Septem Der.
| Hog receipts were Is. 600 head. in place OF
| 10000 AS estimated. As u result provisions
| started easy and closed lower. excepting
| pork which was marked mp q little with
! out any transactions to speak of. Trade
was exceedingly light In lard and rlbs as
| we'll as In pork. Prices at the close COM
| pared with Saturdays resting values show
| the following changes: Pork for Septem-
Der. 15c higher; lard. .02l4c lower. and ribs
| .12lsc lower
Vessel room was easier. at 70 for wheat
| and lao for corn to Buffalo. Estimated
receipts for tomorrow are: Wheat, 20O
cars: corn. $40 cars; oats. 400 cars; hogs.
! 1900. The leading futures ranged fol.