Omaha daily bee., 1888-03-10
THE SPECULATIVE MARKETS.
Business in the WI lat Pit is Ex-
ceedingly Dull
CORN FOLLOWS AFTER WHEAT.
Country Spectators Said TO Have Met
With Heavy Losses--Oats Quiet
and steady-Trading in Hog
Products Light.
CHICAGO PRODUCE MARKET.

CHICAGO, March 9.-tSpecial Telegram to
the BEE. Wheat traders were rather put
70 for news and the course Of the market
was narrow and reflected operations OF half
dozen big scalpers. Hutchinson, who has
been the largest star around whom all the
markets turned for the week past, was out
of the markets. II is said that he traded in
1000 600 bushels OF grain yesterday and
wanted TO take rest TO give his clerks time
10 straighten out his books. Bloom bought
800, 600 bushels, other traders followed the
leader, and bulge Of &c was recorded be-
fore noon. After that hour the market be-
came exceedingly dull. The early buyers
turned sellers and &c decline followed, the
last sales being at a &c advance over yester-
DAVIS close. Cables were quiet and some
quoted rather an easier tone. Bears were
also encouraged by report from New York
that the worlds crop of wheat exceeded that
of 1886 by 100, ,000, 900 bushels. A few bids
from foreigners were received, but no wheat
was taken here and but little at New York.
Corn followed the same course as wheat,
tho same operators who bid wheat up Nc
doing the same in corn. Country spectators,
who several days ago were load
ing up in anticipation Of q bulge, appear TO
have good deal of their corn left on
their hands, and many undoubtedly have a
loss in it. Sharp local traders, who had good
profits in their deals, were sharp enough to
take them when the buying fever was on end
are now playing for another chance to get in
again. Arrivals were III cars, the Chicago,
Burlington & Northern having forty-three.
At all points the movement showed 401,479
bushels, and the shipments l99,2 Esti-
mates for tomorrow were placed as nigh as
$50, and had a weakening effect, inducing falr
selling on the bulge, and at / O'Clock the
closing prices were the same as yesterday:
May opened at 5214c, sold at 521& &Cd52sEc. sold
TO 5S]ec, broke to 52S9c and closed at 52ssG
529<c. July, which has been at a discount,
sold at slight premium,
Oats sold over a small range and then
closed the same as yesterday. There was
less doing and the market was quiet ana
steady. Cash oats sold by sample at 29(935c
for poor to very choice. Speculative trading
was mainly in May, which sold at 319s@3l5Sc
and closed at 3l1ac June was the same as
May, and July sold at 3O14 @3016c.
Receipts of hogs were larger, but the
market held up firmly. Holders Of product
light and mainly in the way of changing
from near to distant months. One feature in
pork was the purchase of 10000 pounds of
October at 1910, and the sale of an equal
from s14.O2x to 1415,, and closed at sl4 l21a
q gain of 716c Lard held steady at S7.70(d
7721S for May. Short ribs advanced 71ac,
and closed at $7.211f. y
AFTERNOON SEssioN.-Wheat easier May
sold at s0ssc, back to s02lc, closing at So5S@
s0Xc; June sold at sl@s1 sc on the split, to
sOTc, up to sl1sc, closing at S1@S11sc;
July sold at SJ1sc, then Sic, W
to S114@s1Ltc on the split, closing at lBc
Corn firm; May closing at 5294@52T. june
up to 1890, closing at 1880 Oat.
were moderately active and sc lower
early, but closed steady; May sold at 81 4
3l3sc on the split, and 3las@3l19c, closed a
BIC asked; June offered at 3l1Sc; July al
8O4c; August 2sc and March 29c. uPorl
close at $216(G5c. higher than at l o'clock
or at sl4.O2% for. March, Sab May ant
sl4.17h June. Lard was advanced 2I6c, clos
ing at s767l9 for March, $7.7219 for May
ribs were 2I$c higher, closed at $7.2l11 fol
March, s7.27h for May, s7,35 for June ant
745 for july.