The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-06-22
GRAIN UP AND PORK DOWN
Engagement of Gold at London Assisted
in Preventing Slump in Wheat.
June Closed at 6ls4c, Same as Yesterday.
While September Recovered from Depres-
sion, Final Figures Being Better.
Heavy Receipts nf Hogs Precipitsted Unite'
Sailing of ProyiAiona.

Heavy Receipts nf Hogs Precipitsted United
Selling of Provisions.
CHICAGO, June 21.-A report that ST.
100000 gold was engaged by New York
banks for shipment by steamers sailing
from England created a weak grain mar
ket into q strong one, and wheat and corn
both recovered from breaks they made in
the first hour. Provisions were weak on
heavier receipts of hogs. and closed at con-
siderable declines since yesterday.
In wheat the opening was about 4 to $50
lower than the closing prices of yesterday.
and. with only slight fluctuations. prices
declined lao for July and 80 for Septem-
Der. held rather steady, and the closing
was same as yesterday for July and $50
higher for September delivery. Tho de-
cline early was q continuation OF the weak
ness which existed yesterday, helped along
by the weaker and lower cables and the
report on the French crop in an English
journal. which said the damage TO the
French crop had been overestlmated. There
was considerable selling at the start. and q
fair Quantity of wheat was brought out
i'll the broak. There was q good demand.
however, at the decline. and sharp
rally In prices followed. There was talk OF
terested parties were reluctant about CIV
ing any publicity to the transactions. In
quiry ut the banks brought the Information
that all the principal institutions would
continue TO carry the wheat they had OIL
ready advanced.
Opening trades in corn were Mt lsOAc
loss. but the Washington weather crop
bulletin. together with better advioes from
abroad. had a bearish tendency and in
creased offerings accordingly. there being
less support To the market, many sh orts
having covered on the late upturn. Owing
to- this lack OF support the market soon
cold OF 49, more. At the decline there W AS
increased buying orders. supposed to come
from the East. which started prices up. and
the estimate of receipts for to- morrow COM
ing in light aided the advance. the price
going up 7sc. The market afterward re-
acted IL as e, ruled steady, and at cbe close
had lost nothing. In some quarters 1t was
claimed that the big buying orders instead
of coming from the East. emanated from q
local speoulatOr. Charley Wright. The
feature in oats was buving of July and
selling of September at 303lsc difference.
Prices were confined To So range. and the
close was at a slight decline for July. but
at about the same price as yesterday for
September.
the Same medicine given yesterday. The
hogs were posted. not at IL. 900 or 10000. as
estimated. but at %. 600 TO $4,000. The Chi
cagO Packing Company and other packin z
interests again undertook TO sell shortribs.
Again Wright brokers sold the market
away from them. Then on the call Wright
went In and bought fully 100000 pounds.
Lard was quoted Cd of at Liverpool. Pork
was quoted lower. but there was scarcely
any business. Closing prices were close to
the bottom for the day. Compared with
last night. pork is down 400. lard ZOO and
ribs .15c.
Frerghts were slow at &c for wheat and
134c tor corn to Buffalo and ga o for corn TO
Kingston. Estimated receipts for to-mor-
row are: Wheat. % cars; corn. 200 cars; oats,
10 oars: hogs. $4,000. The leading futures
ranged as follows: