The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-05-25
SOME PLuNGING YESTERDAY
Heavy Tradingin Grain, Leaving Prices
Little Changed at The Close.
July Wheat Broke on Even Cent on the Start.
but Bullish Indications. with Heavy Pur-
chases, Brought On Recovery.
TRADING AT CHICAGO.

Provisions wers Not So Fortunate, Slump
ing BADLY Before Night
CHICAGO. May 24.-Plunging q
heavy scale was the feature on Change to-
day. The volume of business was the
greatest since the May delivery day. Com
pared with last night. however. the closing
prices for grain are not greatly altered.
Wheat 10 of u 07sc. Corn shows $50 i'm
provement. Provisions. unlike grain.
slumped badly. With bright weather on
both ontinents. better crop advices from
oil quarters. fiattering official bulletins
from Washington and Springfield. and
great movement of stun to primary mar
kets. July wheat broke over lie, to the
low point on the crop. at 1850. At this
juncture commission houses rushed In TO
buy on investment orders. and Charley
Wright and Charley Singer were purchasers
on the break TO the extent of perhaps ,0OO-
600 bushels each. Bradstreet's showing o
decrease in stocks of so. 600 bushels east.
and a decrease of 275 900 bushels west of
the Rocky mOuntains helped 10 strengthen
the feeling. The Atlantic ports and New
Orleans cleared nearly 700 600 bu IN wheat
and Hour. An American official at Con-
| stantinople oabled that the Russian pros
poets are very bad. The opening was ABOUT
Y.
with slight fluctuations prices were fur
ther reduced Sc. then ruled stronger and
| the decline was about recovered. prices ad
vnncing ~ D34c. eased Oft slightly and the
closing was 80 lower for July and Il o
lower for September than yesterdays clos
| Ing
Corn was weak at the start, due largely
| TO the action of wheat and the liberal re-
ceipts. The crowd accordingly sold, tirst
| trades being at $50 decline. Under this
| selling pressure corn went Oft 4 "a sc more.
Al the decline there was a good deal OF
Quiet buying by both receivers and ship
| pers. and the crowd in trying TO get back
| early sales put tho IN arket up u "a Esc. after
which tho price held steady and at the close
| had gained Il 0sc. The estimates for to-
| morrow were quite liberal at 4S5 cars. but
| did not have as much effect as yesterday.
as the cash demand at the reduction In
price appeared To be much better.
The feature of the oats market was the
| spreading In the difference in the futures.
| due to the light offerings and tho buying
| by shorts. Trades in May are fairly eveped
| up. and IL IL difficult to buy without Affect
| ing prices There was moro moderate buy
ing of June and selling OF July making the
with corn. Compared with last night
prices are ND y 04e.
| In provisions. lard broke .40c. ribs .45c
| on heavy selling by packers, and pork Went
| OFT on stop orders about SOC barrel Ribs
| and lard closed at the bottom. under pres
| sure OF packers product. Pork finished
weak at 30c from inside figures. but 35c be-
low last nights quotations.
FroiRhts were firm, with q fair demand
for vessel room at 1sso for wheat and Use
| for corn to Buffalo. and &c for corn TO King-
/ ston and ko for oats to Fort Huron. Esti-
/ mated feocIpts for TO- morrow are: Wheat,
/ 120 cars; corn, 4e6 oars: oats. go cars; hogs,
24.o00. Leading futures ranged as follows: