Omaha daily bee., 1888-02-12
SATURDAY MARKET FIGURES.
Wheat Shows Activity and Strength
In the Morning.
FOREIGN Aovlces ENCOURAGING
A Narrow Range In the Price OF Corn
and Very Little Business Done
Cattle Trading Slow
Quotations.
CHICAGO PRODUCE MARKET.

CHICAGO Feb. 11.-[Special Telegram TO
the BEE. The wheat market opened this
morning with considerable activity and some
show of strength. Foreign advices were en-
couraging. The New York market was steady
and advancing and exporting houses were
buying wheat here and there was good buy
ing early for New York account The advance
was small, however, and after the first hour
even this was nearly all lost and the pit be-
came lifeiess and dull, with no feature what
ever to the market. There was said to be
some selling later for foreign account, but
business for outside was of small volume and
nothing interesting is to be expected from
local traders on Saturday Hutchinson was
both buying and selling wheat. but as he
bought at higher prices than he sold and
sparingly it was thought that the pur-
chases were rather to sustain the
prices for some reason of his own
than because he wanted the wheat.
This view was rather corrOborated
by his selling 250.OOO bushels of May in one
lot TO Lindbloom at S01s6S1c when Sic was
bid in the pit at the same time. May wheat
opened at Sic and after selling at SOL01Slc
gradually worked up to 81 l4c, then slowly de-
clined, touching S0Xc shortly before the
close, but small reaction followed and the
close was at S1MS11ac June wheat opened
with 81 &c bid, sold at 81 SS@SlJc, and closed
at 95(nS1&c.
With an entire range of prices covered by
NC not much was to be expected from the
corn market and there was not much done.
For this state of affairs the crowd united 10
blame Hutchinson. That erratic trader
offered to buy all they wanted to sell for May
delivery at 5lasc and sell them all they
ate amount of business to be done for outside
account such a proposition was deadener to
trade. The sentiment seemed to be rather
bullish and the light receipts were encourag
some of it by exporting houses, but
prices never advanced more than &c
above the opening figures and the
close was a trifle lower. May corn opened at
511Sc, ranged between that price and 5lssc
during all the early part Of the session, then
where it closed. June corn opened at 5lss@
5115c. The high point was 5ll5(951Ac bid,
the low 5lssc and the close 5l14c.
There was very quiet but steady market
May oats opened and closed at 31%9sc, which
was fractionally above yesterdays close, and
dnring the session ranged between 81 l15c and
3lAc. June oats ranged between &c and
3lNc, closing at the last named price.
The provision trade closed the week in a
rather slow manner. For cash delivery there
was some increase in the demand, but
speculation was under an average volume and
without special feature. Lard was depressed
a little by free offerings, by a promi-
nent trader and closed 2;sc lower than
last nights prices. In short ribs decline of
2J6@5c was also suffered. Pork was steady
and unchanged In the moderate future
business transacted May was the favorite
delivery. 1t sold for pork at Sl4.32150l4 40,
for lard at S7SO07S5, and for short ribs at
s1.6O@76111. The same month closed for
short ribs and lard at the lowest prices
touched and for pork at Sl4.35 For nearer
deliveries than May, final quotations stood at
$l4. 10 for February and March pork, S7.65 for
ruary short ribs and S1.45 for March short
ribs. June lard was quoted at the close at
4.S712 and June short ribs at S7671S. Cash
lard sold quite fairly.