Omaha daily bee., 1888-03-09
THE SPECULATIVE MARKETS.
Illness Of Emperor William the
Ruling Influence on the Market.
HUTCHINSON A HEAVY SELLER.
Active Speculation and Wide Fluotua.
Gtions I'm Oats--No Particular Activ.
ity in Provisions-Livc Stock
Quotations.
CHICAGO PRODUCE MARKET.

CHICAGO, March S.-ISpecal Telegram to
the BEE. The ruling influence in the wheat
market this morning was the illncss OF Em-
peror William. From the news received
yesterday local traders evidently thought
that he would not live through the night.
Accordingly they had bought wheat with the
expectation that this morning they would sec
considerably higher prices. In this they
were disappointed. The first news was that
the cmperor's condition was unchanged.
There was no rush Of buying orders, and
scalpers began to look around for somebody
to take their wheat at the smallest possible
loss. The market dragged and the price
dropped 4c, but in the present tckish con-
dtion Of affairs there was no short selling
pressure, and there was o general waiting
for news from Germany, Once II was re.
ported that regency had been decided upon
and this strengthened the market little,
but it was not until about half an hour before
the close when Logan received New York
dispatch that the emperor's death had been
officially announced, that the rush Of the DAY
began There was some lively bidding, hut
the advance was only about 3sc from the
price ruling when the news came, and but
&c from the lowest point OF the session.
There was plenty Of wheat for sale at an ad-
vance, and within limit of l4c prices
Jumped up and down several times, with
much activity, and finally closed within 10
of outside figures of the session. May wheat
spSnss sS or odhg s sSsn ss Ss'wesa
to S0slc and hung about that price until the
last half hour, when it advanced to StAc, but
sold sparingly at that price, fell back to slo
and closed at o'clock ut 81 SC. June wheat
size, closing nomnally at the latter price at
/ o'clock.
In the corn market the course of prices was
much the same as in wheat HutchlpSoh
as cnsw nesyy yemed sssr oSt "a Gp'9G 70 9% Sn
including those who had loaded themselves
with grain yesterday afternoon, preparatory
to an expected advance this morning. Under
this pressure, prices fell about 1See, and the
news which started wheat upward performed
the same service for corn, the advance at the
outside amounting to Nc frop the lowest
prices of the session May corn opeged q
u rossSHs in to aSepea On Te ate
news advanced sharply. touching 5314c, at
the elimination of the upward Ihovsmept
The o'clock close was ?3@53sc; June CORN
opened at 5215c, sold down to 52}sc apd up to
52&lc closing at o'clock ut the last named
price
There was an active speculative trading In
oats, and fluctuations were wide and quick
for that market May oats opened at 3lEc
oUses eRs sUs a down osocs 0 at sG % aSs oas aas
opened at 3l9s@3lhc, sold down 70 3l4c, up
to 3l1ac, and closed there at l o'clock. July
oats ranged from 30l4c to 3Oc, August from
CSC to 2T$4@275sc.
In provisions the changes witnessed again
favored the holding side. There was no par
ticular activity in trading, and no news Of O
surprising feature in the business transacted,
yet a strong undertone pervaded the market.
Higher prices were the rule, and in pork the
O'Clock closings showed an advance of 5(0
71lc, and in short ribs Of 21a@5c over last
nights last quotations Lard was unchanged
to 21Sc higher.
AFTERNOON SEssroN--Wheat lower; May
opened at Sic, fell to SOssc, closing at SQ9Sc
bid: June Sic. Corn weak; May opened nj
53c, eased off to 5355SQe529lc, closing at that;
June SOLD from $3.50 to t2>,Ic, and closed at
about 52asc. Oats were steady. Pork was
5(971Sc lower, closed at $3.50 for March;
s14 65 for May and sl4.O7la for June, Lard
was steady; May, s7.1O; March, 765; June,
S7.l21s for March; May sold and closed at
1929; June at s7.321a, and July at T.42>f.