The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-05-20
ALL CEREALS WERE FIRMER
WheatTurned Up lie Yesterday, While
Corn and Oats Made Advances.
Indications that Grain Operators Are Begin
ming to Shift Their Gaze from Visible Sup
ply TO Prospects for Next Year.
TRADING AT CHICAGO.
Provisions Were Dull but Firm and Porl
Advanced

Provisions Were Dull but Firm and Pork
Advanced 42lae.
CHICAGO. May 1y-It would appear
from to-dsy's lac advance In the price OF
wheat that the operators are beginning to
shift their gaze from the visible supply TO
the outlook for next years supply. Corn
and oats were iirmer. partly on account of
what is being revealed of the requirements
of Europe. Provisions were extremely
dull. but very firm with grain. Wheat at
the opening was about Is 0ssc higher than
the closing figures Of yesterday and ruled
firm and prices were further advanced l5c.
then ruled irregular, declining l5c and
again advanced lac. with final CLOSING
steady about u "a "a C higher than yesterday.
Shorts seemed more disposed to buy.
Trading. TO some extent. comprised the
changing over of July into September.
The weater was fine, but the reports from
Kansas IN regard to the growing crop
there were very unfayorable The European
cropreports also were unfavorable. The lack
of o more active foreign demand was 40
counted for. in the minds of many. by the
experience of two years ago, when the
continental buyers let their fears ru n
~
| for 1t. lt is not TO be expected, il is
claimed. that they should SO soon forget
that costly lesson. The cargo of wheat
bought at Duluth during the May excite
ment to deliver on May contracts arrived
| last night. and has been inspected contract.
Ii was inspected out of Duluth as No. l
hard spring. Armour 81 Co. report the
| sale OF 55U. 900 bushels of low grade for ex-
port at good profit. and the demand still
unsatisfied.
Corn started ar about the Fl nal ouotations
| of yesterday. and on filling a few buying
| orders-some from the outsIde-the price
| worked mp Ac. when. on selling by chip
| pers, the market weakened Sc Selling or
| ders came in from ST. Louie and the SOUTH
weet, presumably on the fine weather. The
| offerings were fairly well taken by shorts,
| and, wheat turning up. corn symDsthized.
| recovering the second break. ruled steady,
| and closed with q isO4c advance. A
| feature to-day was the relative frmer tone
| OF July pared with September. the diff
| ference most OF the time being = &c.
There was a fair trade in oats and a
| steadier feeling. chiefly in sympathy with
other grains. A good par. of the business
| was In changing from May to June and
| July. May and June showed more strength
and advanced lec. while the other futures
| were uD Is "a &c. and the close was steady
| at nearly the top.
| In provisions little seemed TO be wanted.
| but even less was for sale, and buyers had
| TO bid an advance on the nominal market
| to entice any offer or stntf from the holders.
| Prices are 42l2c higher for pork. 100 for
lard and 100 for ribs.
Lake room was in fair demand and
| steady at 1lac for wheat and lac for corn
| to Buffalo. and &c for corn to Kingston.
| Estimated receipts for tomorrow are:
| Wheat. 10 cars; corn. 2s0 cars. oats. 200
| cars; hogs. 5000. The leading futures
ranged as follows:
Options. lOp'niagl Highest LOeesf Closing.