Omaha daily bee., 1888-03-30
The SPECULATIVE MARKETS.
Mild Weather a Great Encourager
For Wheat Shorts.
HIGHER PRICES FOR CORN.
Moderate Trading in oats-An Easier
Feeling in Provisions-barRe In"
crease in the Receipts OF Cat
Causes Decline I'm Prices.
CHICAGO PRODUCE MARKET.

CHICAGO, March 29.-TSpecial Telegram
20 the BEE. 1t was largely weather mar
ket in wheat in the early part of the session.
The first bright and mild day for long time
was wonderful encourager for short sellers.
Accordingly May wheat opened at 11c,
which was ]4@39c lower than last nights
close and was heavy at that, slowly sagging
until 16Kd 1890 was reached. The market
fingered about 16Ic for May for some time,
and before any great pressure was put on to
Drive IL lower, corn began to advance rapidly
and this turned the tide in wheat. An ad-
vance TO nc was quickly scored and more
gradually the price advanced to 77s9c, fell
back to 7Tl6471Ac, and thereupon Hutchin-
son, who had been buying occasionally
throughout the, morning took all that was
offered at 17l4c and offered to sell at 77A@
77s6c. That put stop to fluctuations and
the / o'clock close was at 77l4nT3sc.
Sympathy with the weakness in wheat was
the only reason for the lower opening in corn,
but there were buying orders enough to send
prices up almost Immediately to last nights
closing price. Then short sellers drove it
down again, May corn, which opened at
51s1c, advancing to sec and falling back to
bI5Sc. At about 519lc for May the market
hung steadily for some time. Then came
the news that cash corn in New York was
selling for 65c, an advance of over &c on
yesterdays prices, and the price here i'm
proved rapidly AT the top of the upward
wave May corn touched 5219c, then fell to
524c and closed at o'clock at $3.50. June
corn opened at 5l36c, sold at 51Ac and up to
&c, closing at o'clock at 514@5lc.
There was only moderate speculate We trad
ing in oats, and the market was featureless,
May oats opened at 3o2sc(931c, sold at 3O19
SOJSc, up to 3l031 &c, which was the price at
the o'clock close. June oats opened at
30%c, sold down to 301sc and closed at Bic.
For July oats 3016c was asked at the opening.
They sold down to 3O1sc, and closed at 5oa
An easier feeling prevailed in provisions,
though there was no decided weakness. The
movement rather favored the bear side. The
product also suffered little reaction, and at
o'clock pork showed decline of 21ac from
last nights closing, and short ribs depre-
citation of nc, Lard was without quotable
change Trading opened quite fair, but as
the day advanced the market fell into COM
paratively slow condition. May and June
were, as usual, the most active deliveries;
though July lard and short ribs received
relatively increased attention. For May,
pork sold at $l3.42169136216, lard at 81 GOO
76216, and short ribs at S7.121S@717H June
pork and lard were SC and short ribs 7199l0c
higher than May. July ranged at premium
over May of 10c for lard, and 15@17Ic fol-
short ribs. Pork for May closed at $3.50
lard at $685. bid, and short ribs at $7.15td
7.171S. Year lard sold at S7.25@7.2718, and
January lard at $685.. Year pork was
quoted at sl2.40 bid, and year short ribs at
&6.25. Cash product sold with more freedom
AFTERNOON SEssIoN-Wheat and corn were
firm on the late board. Late cables were
stronger and brought BIDS for both wheat
and corn The tone of the foreign markets
improved toward the close. Local specula-
tive inquiry this afternoon was excellent. Nc
board tomorrow GOOD Friday. Closing
quotations were as follows: May wheat
771s@7714c; June wheat, 77A@77Ac; July
61Mc. May oats, 3ONc. May pork, $l3s711&
June pork, S13.65. May lard, S7.62M; June
lard, s7.671S. May ribs, s7.1219; June ribs
1925