Omaha daily bee., 1886-10-03
SATURDAY MARKET FIGURES.
The Close of the Week Brings Lower Prices
in All Pits.
HEAVINESS MARKS THE DEAL.
The Great Transaction in September
Lard aud Its Phenomenal Feat
urcs Milwaukee Wheat
Damaged.
HEAVrNEss MARKS THE DEAL.


CmCAGo, oct, Especial Tcle gram to
the Bee, III all that the September lard
clique sald was true, and il the shipments
were of any such quantity rs they have pre-
tended them, the manufacturers OF lard dur
ing the last two months have done something
phenomenal The inspectors statement
shows that the stock of contract lald here
now Is 5000 tierccS. against ~, 800 tiurcrS a
year ago. I his stock is in spite OF the ship
mcnt OF probably 100000 ticrceS in the last
sixty days. There was a single shipment OF
jD,uOO ticrces in one contract. When Nc
teoch failed there We're about 3,O0J,OO0 tierCes
of lard in store, and it was notorious that he
had made no effort to ship the stuff out. If
Pianknton had not bestirred himself and
shipped out with the aid of Armour as no
other man in the trade could, there would
have been more lard here at the opening of
the packing season than there was in July,
lSS2. when McGcOch collapsed. The stocks
of other produce ar about what they were
estimated. 1t is likely that the ribs and pork
can easily be disposed of this month. as it is
the great consumption season for both.
At Milwaukee Angus Smith ~ Co., pro
priCtOrS of the Chicago N Northwestern clc-
VatOrs, nttiiicd the beard there that they
would be compelled TO "turn over the wheat
in their houses and "alow' it, and that they
would ada a a. per bushcl charges to receipts.
This was considered here a confession that
Milwaukee wheat was "Out of condition. y
II added to the weakness ut this market. 1t
was claimed here that Angus Smith was short
the market, that the bulls will rcta,iate by re-
fusing To take Smiths receipts.
The receipts to-day were l46 cars of wheat,
3,5 of corn and lj0 OF oats. The Withdrawals
from store were heavy being nearly 40, ,OOObush-
els of wheat and over $50 O1O bushels OF corn.
Gables were generally heavy and had de.
pressing effect on the curb market On the
regular board November wheat opCucI at
iji2c, but sold steadily down To il5,c under
the bearish manipuIations Of the Ream crowd.
Corn opened easy at 3Sc for November and
sod at 81, &c. Oats Were unchanged from
yesterday. Ovrmberporkwas about the same,
selling at both S922l8 and S925. FrostS We're
very general last night, but corn everywhere
is conceded to be beyond all damage from
this cause. Men who did not get out
OF ther long wheat yesterday devOt, d
ali Their energies to doing so this morning,
which made heavy market. November re-
covered shade from I4fsc, but kept closely
around i5c. ELM nate war from the pres
ent situation" said prominent operator,
and there is nothing to prevent this wheat
going to zoe. Pork was heavily offered aud
sold at $500 for November Shaw was quite
heavy wheat sellernnd his sales were gen
orally supposed to be for the New York house
OF Seymour Baker Il Co, who are known to
have been heavy buyers through him a day or
two ago. In fact pretty much
everybody had wheat to sell dur
ing the morning. They came to business on
the long side Of the market by reason of
purchases made ON yesterdays bulge, and
aS there was nothing to hold the ma.kct up
this morning aud everything to crowd it
down, values had to respond to the temper of
the crowd During the greater part of the
day the price for November was closely
around i5c, with very little outside interest
centering in the market and not much locally.
But toward the close it dragged around 74$4c,
with plenty for sale at this figure.
The provision crowd cannot 1igure out why
stocks of lard are so heavy this month con-
sdcging the steady and large shipments by
the clique all last month. But lard and pork
Is the ScaperSi market now a. best. Outside
OF the packers nobody is doing ANYTHING
W.T. it. The large stocks depressed toGay's
prices. November pork dropping Zoe before
noon and selling at $3.50 The first sale this
year of November ribs was made to-day at
Sjl5.
4 very moderate business was done in corn
with all the fluctuations between 37SS (1 }Sc
for November and inside figures prevailing
toward the close. The estimated receipts for
Monday are . JS ears of wheat, I40 cars of
corn, 1913 ears of oats and 10000 hogs. The
estimated receipts of hogs next week is
10000.