Omaha daily bee., 1885-05-20
SCALPED.
The Chicago Markets Used as a Battle
Ground By Local D alGrS.
Wheat Fluotuates and Drops at the
Close While Corn Goes Up.
Provisions Open Higher and Enjoy a
spurt-rhe Day at the Union
Stock Yards.

WHEAT.

Special Telegram to The BEE.
CHICAGO, ILL.,, May 10. Tho early part of
to-day's morning session was steady and firm,
but more or less weakness came in before the
close and wheat dropped down to about its
lowest points, corn coming in close second.
There was only a moderate trade. Wheat
opened with q show of irmness and was
moderately active at the advance and on o
later upturn of ac. A part of it came from
the decrease of the in visible and q portion
from sympathy with a little bullish feeling in
New York. The figures on visible were s5o,-
900 decrease on wheat, aud 1900, 600 on corn.
Beyond local scalping little wasdone. No. 2
spring sold ct S9@90hc for cash. There were
no sales on the call. AT tho close of the
morning session it was easy at the quotations
with q slight undertone of weakness.
CORN.
Corn was unusually firm to-day and ruled
higher, the strength coming from o large de-
crease shown Ia the visible supply and from
the buying by the local crowd. General firm
ness ran through the whole morning session
which closed steady. No. 2 cash sold at 40c,
OATS. =
Oats continue fairly strong aud moderately
active, though the fluctuations were confined
" labkCbp VI " oh blo lS " XII cuuc
sold at 34a,a344c, and July at 34h9S4sc.
The close at l o'clock was steady.
Rye was dull and quiet at about yester-
days quotations all around. All other
features are about unchanged.
CATTLE.
In a general way the market was rather
slow with prices, as compared with yesterday,
q shade lower, and, as compared with last
week, 10@15c lower, on fat cattle, especially
on the best heavy 1,40O to 1900 pound steers
to-day. For such there was limited inquiry,
as is usual on Tuesday. The supply of light
kans was larger than for a week past, and
they were selling a shade lower. About the
only class of stock selling equally as high as
last week are choice fat COWS and heifers, and
fat distillery fed cows, a bunch of which sold
to-day for the highest price of this season.
week. Stockers and feeders have rapidly de-
clined in the past week. The spring season
is about over, The sharp upturn in prices of
a month or 80 ago suddenly shut out country
buyers, and although values haved declined IS
@30c, countrymen yet claim they are tooshigh,
when compared with prices for fat cattle.
Fair stockers, ECO to 500 pounds, S4.00@4.2 20;
choice, same weight, 81 25@4.50 500 to 900
pounds. 81. 25@4. 60, 900 to 200 pounds. fine
quality, 81 50@4.75 choice fat cattle, 1.050 to
,1bO pounds. Sc. 0O@5.2 20; 1,l50 to 1850
pounds, S. GOA 6. 40; best, 1850 to 1850
pounds, S.. 25@5.55; 1850 to 1,45O pounds,
$5.55@5.7 70; extra, 1850 to 1869 pounds,
So. 65@5 90.
HOGS.
The hog market was fairly active with
prices 5@10c higher than yesterday. Rough
and common packing grades sold at "a. 009
40; fair to good, 81. 15@4.25, largely at the
outside, and the best assorted at S4.3O@4 37a;
packing and shipping, $40 to $40 pounds, S4.2O
@4.35.
PROVISIONS.
Provisions showed o little squirt of activity
early in the session, though taking the session
as a whole trade was light. The higher open
ing was due largely to the improved condl-
lions at the yards. On the 10 o'clock call
July short ribs sold at So. 773@5 so; June
pork at s11 ia; July at $l1.27t and August
at 81 40. July lard at s 6 .S74@69 80; Aug
ust at Sc. 97t. The markrt during the early
part of the session was held up by an lncre ase
in the export movement, which is holding
well.