Omaha daily bee., 1888-09-16
THE SPECULATIVE MARKETS.
Trading in Wheat Continues on a
Liberal Scale.
CORN QUIET BUT STRONGER.
Moderate Transactions in Oats-Pro-
visions Experience Quite n
BOom-Cattle Dali aud
Weak-Hogs Active.
CHICAGO PRODUCE MARKET.

CHICAGO, Sept. 10 Special Telegram to
The BEE. The signs of weakness that were
seen In the wheat market yesterday disap-
peared entirely to-day. An advance of nearly
l1Sc was established and the tone of. the
market was firm to the end. Why it was so
was confessedly beyond the ability of a great
many of the bears or temporarily quiet bulls
to explain. The belief has been so general
as to be practically unanimous, that there
was going to be a continuation of the reac-
ton. that the failure of the market to act in
accordance with this belief is thought to re-
quire explanation. For three weeks there
has been an unceasing effort on the part OF
spectators to depress the market. They did
knock prices off So. but the close this after.
noon is &c above the lowest point reached on
the decline. The opinion is gaining ground
that the market has had its reaction, and
that it is now working into II position for a
further Improvement. 1t is true that many
conservative bulls do not look for advancing
markets until the rush of new spring wheat
is over, but they do not feel that their views
upon this point are infallible. They
stand ready TO fall in line and march
to pronounced bull music any time. After
three weeks of pounding, wheat closes to-
night only fr~actionally lower than it was
three weeks ago, though fully &c under the
extreme outside. December opened to-day
at 91l5c, a gain of &c over last night. May
was quoted at $3.50. This proved to be the
bottom. December kept keeping up with,
only occasional minor reactions, until prices
touched 92I3c, within the '%'split," of which it
rested at the close. May left off at 965Sc.
The volume of trading was large, taken as a
whole. There were dull seasons, but the pit
was a scene of activity most of the session.
The last end of the market was the strongest
spot.
Corn was rather quiet today, but the feel
ing was somewhat stronger for the futures,
due partially to the better tone in wheat. and
at the close seller October was about &c
higher than it closed last night; November
4c higher, and seller May about &c higher.
There was not much activity in trade and
the market developed no special feature, and
there was little in the situation to influence
prices to any appreclable extent.
Oats opened a tritie tirmcr on near futures.
though at no time was much activity dis
played, and the market soon ruled easier and
nearly steady all along the )ne, with all
futures between the next month and May
quite neglected. The supply was fair and
| the inquiry of only moderate proportions.
September and October both touched 24l9c
early, with most of the trading around 24ssc
and May firm to &c higher. Car lots were
in fair request and steady at 244c for No. 2
in store, and most of the trading in cash oats
by sample.
Provisions closed the week with some
thing of a boom for the different speculative
, lines. The market Reacted Sharply from the
depression that has lately controlled it, and
much to the qualification of holders, ad'
vanced in adccided mBuner. Compared with
last nights final prices, closings for the day
showed an Improvement Of zoe in October
Pork, 3213c in October; lard, 12h@l5c in
September and October; short ribs, 15c II
Nobember; pork, 2111c IN November; lard
1Oc in year pork and January; short ribs,
1712c in year lard and January pork and 12Tc
in January lard.