Omaha daily bee., 1888-09-09
THE SPECULATIVE MARKETS.
Wheat Shows But Little Enthusiasm
and Closes Weak.
CORN FAIRLY ACTIVE BUT LOWER
Oats Rule Rather Heayy-Proyisions
Inclined to Nervousness Cattle
Slow-HOgs in Moderate De-
neutrality-suspicious..
CHICAGO PRODUCE MARKET.

CHICAGO, Sept. S~.-ISpecial Telegram TO
The BEE. The wheat market was deficient
in enthusiasm to-day. The bear spirit was
in control. The news was bearish in tenor
and the speculative sentiment leaned strongly
the same way. Gables were easier all around,
and domestic crop news was more favorable,
generally speaking. The weather abroad is
at last improving, ana harvest returns are
panning out better than expected according
to advices received from several sources.
The volume of speculative trading was light
and the tendency of values was
strongly downward. The market was
lacking in that nervous buoyanCy which
has characterized it of late and wheat has
puzzled the bear operators by checking de-
clines and causing quick rallies after every
little break. The power of recovery was
gone to day. Rallies were feeble and every
time there was a reaction the market found
Judgement a little owe down Thu Deem
Der, which opened at 9}Mc or &c lower than
yesterday and sold up to g3Tc, worked down
to 1870, then to 1910 and then to g3l4c, raj
lying to G3}Lc, but again settled to 93isc and
evinccd only a spasmodic ability to recover
the ground. Hutchinson was Il fairly liberal
buyer through the session, but he did not
buck the crowd with his customary energy.
He seemed almost as tired as the market
and as destitute of vim. Cudahy and four
out of five local operators pressed the market
on the hard spots and the majority of bulls
seem willing to stand back and wait for
lower prices. The government report, due
Monday afternoon, is expected to stimulate
speculation, but the bears are awaiting its
receipt with about as much eagerness as the
bulls. They say they will sell on any bulge
1t may cause. To-day October ranged from
g2a.c down to size, aud May from osi c to
9i84c. The feeling at the close was weak at
nearly inside prices.
Corn was moderately active and though
first sales were within a fraction of last
nights close the market quickly weakened
and finally broke off about lc on near futures,
| recovered some, but at the close seller Sep
TENDER was about 1c lower than it closed
last night. Seller October about lC lower.
November &c lower and May about &c
lower. A large operator, who is supposed to
be heavily long, commenced selling early,
and his offerings quickly turned the market
downward, and the weakness greatly in
creased when it was announced that SEQ cars
were expected Monday, and October which
had sold early at 45",W45 &c, broke
10 +484c, with Il few sales at ii%c. Suisse
quently there was some reaction chiefly on
| covering by shorts and October sold to hoe,
eaSed off, changed some, closing at about
44s4c. Long futures, though quite weak, did
not decline as much as September and Octo-
Der.
Oats lacked snap to-day, ruling rather
heavy all aleng the line, with Il decline of Il
@Ac established. Receipts were larger than
expected, with an improvement in the in
spectlon, as about % per cent was contract
grade. With the estimated arrivals
for Monday-355 cars, and increased offer
ings for No. 2. Trading was slow at the in
side prices. Aside from October, which was
in some demand at about &c decline, and
May mt 2SH@2S@5c, light business was re
corded. Cash lots of No. 2 in store sold at
241sc with most of the days business con-
fined to the sample market.
in provisions the days changes in prices
indicated a rather nervous feeling. Around
the opening pork and short ribs for near by
deliveries were depressed by the yellow
fever reports coming from Florida. Subse-
uuently, however, the breaks experienced
were considerably more than recovered, and
closings all around were at prices only
"a little under outside figures. The
upward movement was accompanied
by frequent fluctuations, and trade
seemingly failed to command confidence,
Lard, as usual, was the strongest article on
the list. Compared with last nights closing,
pork for September and October rested ut an
advance of re, for November of zoe and fl
January 10c. Year and January lard closed
unchanged, September and October at al
improvement of lOc and November 2Lt
higher. Short ribs We're advanced l0c foi
September and October and &c for January