Omaha daily bee., 1888-02-26
SATURDAY MARKET FIGURES.
Wheat Shows Strength Throughout
the Entire Session.
ACTIVE TRADING IN CORN.
A Strong Feeling in Provisions With
Slow Business-Cattle Prices
Good-Ho9s Unsatisfactory
General Quotations.
CHICAGO PRODUCE MARKET.

CHICAGO, Feb. 25-[Special Telegram to
the BEE. THE government weather bureau
predicted cold wave to follow last nights
rain and wheat traders knew that meant a
flood of crop damage reports to follow, with
the condition of the winter wheat crop very
important factor in determining the course
of prices. This prediction was enough of it.
self to strengthen the courage Of believers in
higher prices. Moreover, cables were firm
and better in tone, though no advance in
prices was quoted, and exports were fair A
large decrease in the "visible' was expected
and Hutchinson was buying wheat IN large
quantities. All these influences combined,
however, were only sufficient to advance
prices &c from the opening. There was some
buying for outside account, but 1t was not
large enough to indicate any such taking
hold" by the country as the bulls are looking
for to take the market out of the control of
one man. The market was strong throughout
the session and closed at the highest point.
May wheat opened at S0Hc-which was &c
higher than yesterdays close-sold down to
S0asc early, then advanced to S05sc and a lit
tie later to S03lc, then fell to S0ac again and
hung between that price and s0%c for a long
time, advancing slowly before the close TO
SO4c, which was the closing price. June
and closed nominally ut Sic. 1t Is generally
expected here that the visible supply state
ment Monday will show decrease of about
1,000, 600 bushels.
Trade in the corn pit was quite active at
times, but it was largely local. although
there were some buying orders from the out
side. Hutchinson both bought and sold corn.
The closing prices were but little changed
from the opening ones, but in the meantime
there had been some quick fluctuations
anl hHyt hn i,c ,f ha lNru tr,I
in their efforts to straighten out their trans
actions on the last day of the week. The re-
ceipts were but 20l cars where 1886 had
been expected, and this was strengthening
feature early. May corn opened at 5lssc and
worked up to 519Sc during the early trading,
then back below the opening price, and on
the knowledge of an estimate of AS cars for
Monday, touching sic. There was "a reaction
later. however, and 5lasc was bid at the
close. June corn opened at size, sold at
5iss and down to 5O7sc' and closed at 5lsc
bid.
Speculative trade in oats was quiet, and
fluctuations were confined within "a range of
&c. The market ruled a. little firmer in
sympathy with other grains, but the advance
opened at 3lAc, sold up to 3las@3l1ac and
down to 81 3l1s@3l4c, which was yesterday IS
closing price, and closed at 81 &c June oats
opened at 81 493lasc sold down to 81 SC and
closed at 81 &c.
III PROVISIONS ,uulue u StTOHS leellHP was
displayed. Trading was generally little
slow and without special feature, yet the
market was well supported and the fiuctua-
tions extended only over a moderate range.
Based on last nights closing, pork at ad
journment showed an advance of 5GB7l5c.
Short ribs were quotably unchanged while
lard rested 2l@c easier. Short ribs more than
divided with pork the speculative interest
shown. For May, the favorite delivery,
pork sold at slaei 110e14 10, lard at s7.171G06
7:s2!5,. and short ribs at S.&14@7 7.3,l9
Pork for the same month closed at S14C5,
lard at 50 so bid and short ribs at S735 bid.
Nearer deliveries than May were quiet, with
transactions confined to the transfer of con-
tracts. Changes of February and March
pork were made to May at 17l5oo20c, of Feb
ruary and March lard at 100ol215c and of
February and March short ribs at 171%c.
June pork was nominally 719c over May,
closing at Sl4.llH. For June lard closed at
Si.S5 and short ribs at S1.42h.