Omaha daily bee., 1885-08-01
BULL DOSED BEARS.
Wheat Prices Hammered Down by RU.
mNTS Of RHiQ in Chicago.
Skin the Market for
Daily Wages.
Flattened Out by the Heat
Poor Grades n Drug and Prices
Still Lower.
THE CHICAGO
GRAIN AND PROVISIONS.

HhAlN AMI fhONlSlONS,
Special Telegram to The BEE.
CHICAGO, ILL.,, July 3l.-The reports from
northwestern wheat fields continued uniform
ly bad again to-day and it was estimated that
the prospective yield would be reduced any
where from % to ID per cent as compared
grams asserted that many fields were in q
critical condition and that a continuance Of
the present hot weather would completely
ruin the wheat prospect in certain localities.
The market started up on this news but fell
back on rumors Of shot" or musty wheat In
Chicago elevators. The story that wheat was
out Of condition In some of the Chicago ele-
vators was given currency in q morning paper
here and the report was used by the bears In
their attempt to depress prices and the rumor
certainly had its effect upon the course
of the market. The August future be-
gan selling at a discount of from
2362so as compared to September, but at this
difference there was free buying of August,
which In a measure restored confidence. On
the afternoon board, however, the difference
again widened to PC. Receipts were light and
shipments limited. Nothing definite was de-
veloped during the day as to the truth of the
bshtchlOhs SohSCLhihb "hCoe pCtoiu q uChiht
by the elevator people that any of the wheat
had been injured. The market closed for the
day &c lower for August and &c lower for Sep
tembsr and October than yesterday. Lake
engagements for $4,000 bushels of wheat we're
reported.
There was affair amount of speculation in
corn at a somewhat lower range of prices. but
the closing for the day was about the same as
yesterday. Freight engagements for $500 0
bushels were reported. Receipts were a little
larger, but cash was taken up quite readily at
current figures.
TIL looked-for corner IN July oats failed tc
materialize and the market collapsed. There
was a two-cenS decline from the inside quota
ton of yesterday for July, and the market
closed with sellers but no demand. Receipts
were large anu are reported large again for to
morrow.
Provisions ruled a shade stronger early, but
fell back and closed tame.
H STOCK MARKE
Castle-In n general way trade was slow
and prices rather weak than otherwise on fat
cattle. Low grade native stock, including
cows and coarse things. generally are selling
at very low figures. There were but few loads
held q shade higher. One very good lot that
suited the shop trade brought 81 90, but the
ordinary run were only a shade stronger.
There were some ten or twenty loads OF
Wyoming rangers on sale. Stookers and
feeders were dull, scarcely a transaction
of note taking place during
the forenoon. Prices are weak and fully as
low as at any time. Shipping steers, 1850 to
]. 800 lbs. So 0c@5. 90; 1, $50 to 1850 lbs, 500
as. IS: 900 to ]. 200 lbs, S4.5O@5.l 10. Through
Texas cattle 10G15c higher; $50 to 100 lbs,
So 1904 20; $50 TO 900 lbs, So OO@3 rs; 600 to
700 lbs, So. 90@3. 80. Western rangers steady;
natives and half breed, 81. 1904 go; cows,
So 400 3 80; bulls, SO head Wyoming, 1,154
lbs, $40; 1O3 head, average 1929 lbs,
$4.40; ~ head steers, 1,070 lbs, SAD
Altee, of Grand Island. Nebraska, had 76
cows, average 965 lbs, which brought $40.
Hogs.-Packing and shipping, 250 to $50
lbs, "a. 55, light weights, 100 to ITO lbs, $3.50
$3.50; $50 to 210 lbs, 81 65g4.S5.