Omaha daily bee., 1886-08-06
WHEAT ON THE DOWN TURN
An Official Change in the Visible Supply
Statement Helps tie Bears.
STILL TALKING OF POOR CORN
Damaging Crop Reports Help to Raise
the ricc-Considcrablc Fiuct-
NEUTRALITY-SUSPICIOUS. Steady
The Cattle Market.
CHICAGO GRAIN MARKET.

CmCAGo, August D. Special Telegram to
thc BEE "A surprise was sprung on the
l!ading world this morning by the official
Gnanging of l.5)OOO0 bushels decrease in
Grain ahoat to increase, instead. 1t com
plc;ely chan !ed the complexion of the state
mcnt and brought out quite a considerable
rrcngth where formerly the tone had been
little better than weak. This, with local
buying put wheat up lc, September selling at
nc, after opening at 7Glsc, There were
good many orders on the floor to sell, but the
bulk of them were little over &c and by no
amount of noise and scientific bullng could
the market be made to 20 there. The down
grade action began after wheat had rested
awhile at nc, and inside quarter of an hour
made it &c cheaper. Cables worked against
the market during the latter part OF the ses-
sion. a strong effort was made to hold the
market by purchasing against puts. The
talk is that clutch" alone sold puts on about
100000 bushels last night. The at
tempt was moderately successful, as
the tone kept generally steady.
Advices to the Mccormick harvesting
company from St Louis report that farmers
throughout the state are indisposed to sell
their wheat. Several well posted farmers
say that they believe the largest receipts of
the season have already been marketed, and
that there is no indication that the receipts of
spring wheat from this time on will equal the
receipts OF winter wheat during the last few
weeks. The first car of new spring wheat of
the season was received in Duluth to-day. III
graded No. hard.
The bulls in corn were rather noisier to-day,
thus infusing at least an appearance of life
into the market They mad, too, good show
ing of bull news to put up the price. Dam
age reports continue to come in. Carr " 20.
are in receipt of some very bullish news from
Dubuque. They cover most OF the important
points in Western Iowa and Nebraska, and
are very discouraging. Our inquiries, the
latter says, were directed mostly to
stocknen, as we consider them the most re-
liable at this time of the year, being them
selves feeders and coming in contact. in their
best class of farmers. The consumers,
fully exam{niing the ears, we find
them dry and without life or
substance. One cattle dealer, who week
ago ridcued the damage talk, now rays that
and instead of feeding about 800 cattle as lie
intended will not feed any," September
corn opeEct 1c easier than it closed, selling
first at 4S14c. From there it went up steadily
TO 44l4c. There was very little sold at the
opening figure, though there was rush to
it stood quiet at 1880 o'clock. Our receipts
were 402 cars. The final close was easy at a
Slight advance noted after 1880.
Wheat began to grow quite heavy and Tell
back TO i6%c under more or less unloading
by carly buyers.
September ranged from S9.471a@a.65.
CURB, 2:20 p. m.-September wheat, 761sc;
puts, 1G]9c; calls, 75ih@uasc. September
corn, 441Gc bid; puts, $3.50 bid; calls Al sc.