Omaha daily bee., 1889-08-13
THE SPECULATIVE MARKETS.
Government Crop Report Causes a
Higher Opening.
CORN ALSO AFFECTED BY IT.
Publication of the Visible Supply
Makes Oats Firm Up Provisions
show n Depressed Feeling
Heavy Run of Hogs.
CHICAGO PRODUCE MARKETS.

CHICAGO. August IL .-fSpecial Telegram TO
TBE BEE.1-Wheat opened firm and consid-
erably higher on the government report,
with sales Of December at az G@1I4c, and
OF August and September around 75&0i5Hc.
The condition of the wheat crop Is probably
no worse than IL was, say Saturday, but the
effect of the official report on crops on the
rank and file of operators was to tone down
the bearlsh cxuberance of expression ana re.
duce somewhat their expectations Of un-
beard-of plenty. The market evinced a
sturdy dissemination to go lower, though
Partridge and other heavy and middle
weights did some ~slugging AZ the start. De-
cember did yield to 17I6c, but advanced
about IL o'clock to TSAc and held steady
at only occasional little breaks TO the last.
At 7Sc Hutchinson had wheat for sale
and his offerings prevented the
market from going above that figure
today. Partridge checked the early
bulge and Hutchinson checked the
later one. The last quotation for December
was T79sc, or &c better than on Saturday.
at 76c, u net gain Of &c. August ranged at
754@765Ec and closed at 764c, n gain of
&c. A passably active speculative bust
ness WAS done and n light cash trade.
The government showing OF an increase OF
~ points in the condition of corn caused
that market to open very weak. Offerings
at the start were heavier than wanted and
first sales were at %@Ac under the closing
figures of Saturday, September start.
lug at 3Nc aud selling off more
in a short time. Some reaction
then took place, September advancing to 35c
and later to 3515c, holding around those fig
ures during the greater part of the term.
The demand for cash corn was good, but at
a reduction of about econ Saturdays prices.
September closed at 35c, against 35@35]sc on
Saturday, and May was 1-lGc lower.
Oats were fairly active early and easy in
tone, with fair buying at inside prices. When
the visible supply was published, indicating
but 265, 600 bushels increase for the week,
when a much larger increase had been an
ticipated, the market ruled frmer. This
was also helped by decreased estimates for
Tomorrow. August sold early as low as
1G%c, and later to 19H@20c, with September
at &c premium and May in moderate request.
No. 9 oats, to go to store, sold at 1870.
Provision traders were treated to u sur
prise this morning in the receipt of hogs.
The number marketed at western points was
the prospect was said to be promising for
large arrivals during the week, u depressed
feeling assumed control. In the entire pro-
duct the market opening was weak, and first
sales reported were made ut a de-
cline from SATURDAYS closing of rs
ana short ribs. Later trade suffered a still
further break, but the movement during a
good portion of the day showed considerable
irregularity, being affected by the covering
again free buyers, sufficiently SO to cause
some uneasiness. 1t is claimed that pur-
chases of this house lately of the article
named have aggregated at least 100, 000
tierces. Their holdings are also mainly for
September. Cudahy was the largest midi
vidual seller of January property. In pork
the days fluctuations covered u range of zoe,
in lard nc and in short ribs ; @1&c.