Omaha daily bee., 1886-10-16
WHEATON THE UPWARD MOVE
Prices Of the Leading Cereal Advance on
Encouraging Reports,
CORN ALSO BOOSTED HIGHER
But Slight Changes Recorded in the
Provision Market-Poor Demand
For American Wheat in
NEUTRALITY-SUSPICIOUS..
CHICAGO PRODUCE MARKET

CHICAGO, Oct. l5.-ISpecial Telegram to
the BEE. Values on change this morning
started out at substantially the same points
at which they stopped last night Wheat was
n shade better, but it did not keep the i'm.
pruvement. The first sales in November
were at 723Sc, then it dropped of TO 723sc, ana
recovered to 72kc These constituted the
early fluctuations Cables continued slow
and quits teatureless, May corn opened easy
~ Apszs sad sold at 4O5sc. January pork was
quoted at s992lS, Milmine x Bodman were
fairly active buyers OF wheat taking in lots
varying from 10000 to 100000 bushels.
Stauifer was seller against puts. II is sad
that Mimine q Bodmans purchases were
against calls bought last night of Fraley.
around 72ssc, The early fluctuations were
within narrow limits IL was well along
toward II O'Clock when wheat began TO shoN
any decided signs OF strength, and then 1t
took u sudden turn and went MP fully lc.
The starter was a decline ot 2-l6 per cent in
British consOls, but II was some time before
IL became generally under stood That these
securities are now eN-d vidcnd, which made
the decline apparent rather than real. Then
New York was very strong, and sent good
many orders west iur wheat One house had
orders aggregatng nearly million bushels.
IeszynSky was prominent buyer. Another
thing in favor of to.days advance was a con
firmation OF yesterdays thirty boat loads
taken at New YORK and statements that
2OO 900 bushels had been engaged al Baltimore
and Philadelphia. This combination of
events induced enough buying to carry No
vember wheat TO 13esc. though there were
sparing sales at ,3Sic. Orders were pretty
well filled BY the time the market reached
this price, and later values reacted back to
734c. The bulge in wheat carried May corn
up TO Al Is(Gillic from the opening at 4OIc.
But it did not quite stay there. Pork tluctUa-
tions in the meantime were between S9.s1
and 1895.
j. II. Milne, one of the two or three large
exporters gives this discOuraging example
of the demand abroad for American wheat:
u cabled to our correspondents the Oner OF
b,OOquarters of CHICAGO wheat at &c per bushel
under the market making an error in the
cipher, although intended to make the offer
at the market. Although that offer was over
III London one whole day nobody acceptcdit 1t.
That shows how little American wheat is
611sc, being granted rebate by the elevators
Importers i'll Liverpool don't want IL at that
price. still, added Mr.. Milne, II think there
has been great deal of wheat bought which
will sail the seaboard in November. The
tramp steamers, which carry most of the
grain, now happen to be on the other side.
There is no room in the regular steamers for
wheat, and has not been for a month"
The afternoon trading was in fair volume
but no special attempt was made to move the
market November kept steadily around
73l4c until toward tile close, when II became
easier. The cloSngS were: Wheat about
steady y; n%.m1lS Slc FOR October; a. m73i &c for
November Com, unchanged 3iIqc Tor Octo-
Der, 3is<c for November, 4ldIl &C for May.
Oats, unchanged PORK, steady: ~. 90 for Oc-
toher, $500 tor November, 50 95 for January.
Lard, no change.
2:45 d. m.-Puts on November wheat sold
al 72s4c; calls were sc bid. Puts on Novem
ber corn were 3j]Sc; calls, 351sc.