Omaha daily bee., 1886-10-01
BETTER PRICES PREVAIL,
Advances Scored in Speculative Articles
Yesterday on Chicago Change.
WHEAT AND CORN UP FRACTIONS
what tho Big Traders Are Doing
Large short Interests Covered
Pork suffers a Decline
arketQuOtatiOns.


CmcAooiSept, O-[Specal Tccg gram to
the BEE IN. B. Ream said to-day that he
believed Yleat was even up towithn 100000
bushels. fThis, however does not indicate
that the did bear party, which is led by lteam,
Cudahy and Jones, has changed from the
scllingto the buying side. 1t has not, Rcam
has updouhtcdly covered his short wheat.
This will not help the market, however. ON
the other, hand, it has been one of tho stock
bull arguments, given with wise shaking of
the head, that some day the big shorts would
be stanpcded, and while they -+ticd to cover,
the price rushed NJ IN them. The fact that
Ream .Rt;-:iy covered his wheat when
ne wanted to without anybody knowing it, is
evidence that the peril of selling
short, even on great scale has been really
very small. SO far as Cudahy is concerned,
he says he has been doing very little on the
market These big traders are now waiting
for little better market to sell on. If the
market should rally now they will put their
wheat out again, for they are all distinctly
openly bears STILL IL there is no rally they
will sell for Decen Der and January or May.
and wait. They are all playing still for the
per cent per month.
Wheat was quiet and the market unsettled
and irregular. Yesterday AFTERNOON prices
diupped &c. This morning they. opened
I9C UllucG INC ClOSlnR ldSI nlEnt,
and afterward advanced, closing st9llc bet
ter than at 10 o'clock yesterday. The local
failure in the dry goods trade weakened
prices, but stronger reports from the north
west created strength, and the outside figures
G.G VS. ,,..,9 ,.@.,,9n"1 Tradln" was
manly Of iucal speculative character.
October started at 72SEc, advanced to and
closed at 7Sl{c. November opened at 74l9c,
touched 15lIc, and closed at 153sc. Decem-
ber closed at 7il4c.
ECorn ruled weaker early in sympathy with
wheat, later rallied 3sc, and closed lirm.
Shipping and speculative demand was mod
crate. October sold at 36i 5m36i6 Sc, and closed
at 361lc. November sold al 31jSui3SJ4c and
closed ut 3Sl s0G3S1tc. May opened at i3lsc,
sold to 1870, and closed at i35sc.
Oats were steady and fIm, and trading
was tolcrably active on speculative account
September closed at 24s4c October, sold at
at 24sl@25lsc, closing at 25c. November sold
at 26ls@26]6c, and closed at 96'2c
Provisions were weak and unsettled, es-
pecially during the early part of the day.
Mess pork declined soc early, but rallied
again and closed steady. Lard was dull and
depressed, and prices declined lO(0l5c per 100
pounds, but closed hrmer.
2:30 y. m.-Fittecn boat loads of wheat
were said to have been taken Tor export at
New York, and buying orders from that
place gave strength to wheat this afternoon.
November opened at 1534c and sold up to
76c, but this advance was not held, the mar
ket receding to 753sc. where it closed. Corn
was fairly steady. November pork was
Sc higher. September lard was unchanged.
CURB-2:40 p. m.-Privicges on November
wheat, 75ss@sG]6c; November corn, 3s}sc
hid and :,S35c.