Omaha daily bee., 1888-02-29
THE SPECULATIVE MARKETS,
Very Little Change Noted in the
Grain Trade.
EFFECT OF THE GREAT STRIKE.
1t Has a Depressing Erect on Pur-
ers-Comparatively Little Done
in Corn-Oats Dull-PrOvi.
sions Somewhat Higher.
CHICAGO PRODUCE MARKET.

CHICAGO, Feb. 2S.-ISpccial Telegram 70
the BEE. The tendency in the grain
markets to-day was just about the same a.
yesterday, and prices fell little more with
no other apparent cause than the indifference
of buyers. The disposition TO press the SELL
ing seems to be confined to very few, but IL
little more than balances the disposition to
buy. The big strike on the Burlington
seems to be having much the same effect as
did the anarchist excitement q few months
ago. Nobody is greatly alarmed about this
particular strike, but there is uneasness lest
it spread and result in rioting and destruo-
tion of property. And with the belief that
at such times, money is a better thing to have
than other property the purchasing spirit Of
speculation is depressed. At least this is
the explanation given by thoughtful men for
the lack of general trading just now.
May wheat opened at S0l4c and sold down
to S01sc, then advanced slowly and reached
the highest point at S0ls, stood at SOac for q
long time, and then declined to S0lsMS0Ac,
which was the o'clock close June wheat
opened at SOssc, sold at s09sc and SOLl @S05sc,
and closed at o'clock at S0Ssc bid
The receipts Of corn were 467 cars and nj.
though this was 80 cars less than the csti.
mate it seemed to have weakening effect
and the first tendency Of the speculative
market was decidedly downward. Trade
was not large and the market was governed
to a great extent by local Influences strong
est of which was free selling by one large
operator An estimate of but l4O cars to-
morrow served to strengthen the market
later, and even to cause some advance, but
with dull trade this was lost later, and the
result of the mornings business was to leave
prices just about as they were at the opening.
May corn opened at 5l1sc and soon fell to
50s4c, but there were very few transactions
at that price. Then an advance began which
carried the price to 5l3sc at the outside, fol-
lowed by decline to 81 NC, which was the 1
o'clock close. June corn opened at 517sc,
sold down to 50s6c and up to 81 sc and closed
at l o'clock at 5Os4m501sc.
The speculative oats market was dull and
fluctuations were very small. May oats
opened and closed at Bic and the range Of
prices for the session was O1sW3lhc. June
oats opened at Bic, sold at 81 sc and 5000
and closed at o'clock at 3l(G3l &c. July
oats were nominally 291sc and August sold
at 2Sc.
The provision trade was in an uninterest-
| ing condition. A little pork was bought by
local brokerage house and some was also
| sold by a firm believed to be the representa-
tive of the long side of that article; but in
the general market yesterdays slow mover
ment was repeated. Operators acted as II
| they were waiting for something to occur
and showed no disposition to take hold.
Even the usual scalping was under the aver
age showing. Still, the feeling was firm
and the days prices averaged and closed, as
| a rule, some higher In pork the advance
| amounted to &c and in lard 2ac. Short ribs
closed unchanged.
AFTERNOON SEssIoN-Wheat lower: May
closing SOC, June S0lsc. Corn close 507s(95lc
| for May. Oats were quiet but steady.
| PoIk was sc lower closing at Sl3.S7H for
| February and March, Sl405 for May, and
| S14. 12lS for June. Lard was strong; closing
| S71215 for February and March, $1.S2h for
| May and S7.S715 for June. Short ribs were
| strong. At the close buying prices stood at
| S7.l7l5 for February and March, S7.35 for
May and s. 42ia for June.