Omaha daily bee., 1885-05-27
KNOCKED OUT.
The Boom in Chicago Markets Upset
by Heavy Receipts.
Wheat Led the Decline in Cereals
and Cattle in Live Stock.
More Favorable Reports from wheat
in the Central and Southern
states-Many Hogs Left.
THE MARKETs,
NyrIpAT npCTyNuG

Special Telegram TO The BEE.
CHICAGO, H., May 26.-The upturn which
the markets on change took yesterday after
poon received a check to-day. The bulge was
occasionsd by statements in q New York pro-
duce paper that the visible supply would show
a decrease. Pets were freely made in brokers'
offices here after trading hours that this do.
crease would amount to from 100000 TO
1000, 600 bushels of wheat, The feelings of
the bulls can we'll be imagined when they
looked at the legend on the blackboard this
morning, "Visible supply of wheat, increase
179, SSl bu.hels." Added to this, which in it
self was sufficient to break the market, was
much higher quotations of consols-indications
Of peace abroad. In consequence, July
wheat, which had closed yesterday at 01lc,
opened to-day at 90bc Trading was only
moderately active throughout the morning
session and was confined principally to the
s~calpers. The market closed weak at 90bc.
that the receipts of wheat will very
soon show a decided increase. They
base their opinion on the reports
| that the country is loading up immense guam
titles of grain to ship In and that the Bur
lipgton road has already exhausted its supply
of c srs and is looking to other roads for moro.
The crop reports circulated to-day were to
the effect that Georgia would have only 90
per cent of a full crop of wheat; Alabama, a
full crop; Kentucky, 25 per cent less than a
full crop; Indiana, wheat fields improving
rapidly. and Ohio expecting nearly a full
crop.
The corn market was of q ~''slumpy" char
acter and no trades were made which were
worthy of note. As in wheat, there was an
increase in the visible supply amounting to
9S, 759 bushels. Trading was entirely of q
local character and the market could not be
called an active one. The July option opened
at 493c, &c off from Yesterday, sold down to
44ac, ana closed at 46Sc.
PROVISIONS.
Two thousand barrels of January pork was
sold on the call at from Sl0.45 to Sl0.5 0. This
was the first public sale of this summer
pork.
The cattle trade was slow, and values a
| shade lower all around. There were but few
loads of really good steers, but there was a
big supply of common and ordinary, and
low grade stuff generally, and such, with the
| big run Of Texans, caused q weak feeling and
a slow market. Included in the fresh re-
ceipts to. day were twenty three carsof Texans,
thirty ak cars of rangers, and eight cars of
d~istillery steers. The best sale during the
morning was q drove of fat 1900 pounds New
ark at S.. 40, and the next drove of d~istillery
steers averaging 1880 at $5.35, and from that
down to 81. go for fair to good corn fed ma
tives. Texans were quoted 15c lower, and
the decline was based on the sale of this
morning for an average of 1856 pounds at
1926. A sale of the same sort of cattle, and
of the same average, was made last week at
"a. 40. Butchers stock will now
continue to drop until prices are
eouaIized by the values Of Texans. Stockers
and feeders, at the low price now current. are
In better demand than a week ago. A couple
of cars of corn.fed texans sold at 81 90@5 10.
Twenty.one loads of grass Texans arrived late
last night from Taylorville, Tex. They were
sold for 81 %. They came through from New
Orleans in four days over the Illinois Central,
stopping twice for rest, feed and water.
Shipping grades, 1850 to $40 pounds, Sc. 40
@5.65; 1900 to ], $50 pounds, Sc. 00@ 5.45; $50
to LOO pounds, 81. co 5. 20: cows and mixed
common, 50. 50@3 60; good, So. ZOO 4. 30; slop
fed cows, SO. 1894 60; s%teers, S4.75@5. 80;
Texans. $4.00@4. 35; stockers and feeders,
SO. 60@4.9 G.
HOGS.
The market opened dull, with fresh receipts
of about Sc, 600 on sale. The first sales
showed a decline of about DC. AT that drop
the bulk of the hogs were disposed of, the gen
eral market closing dull with $1,000 to $1,000
left unsold. Fair to good packing grades sold
down to So. S0@3 80, and the best at 81 00@
4 05. The very best assorted heavy cost
$4t5 to S4.15. Singing pigs would only
bring 50 1904 10; packing and shipping,
240 to $40 pounds, So .95Gi,1c.