Omaha daily bee., 1889-07-26
The SPECULATIVE MARKETS.
Wheat Sustains Break, But Re-
mains Fairly Steady.
>oRN LApsEs INTO DuLLNEss.
Oats Heavy ON Influences From the
a 4Outside--Provision Bears Have an
a Inning - Cattle Business
Brisk-Quotations.
CHICAGO PRODUCE MARKETS.


, CHICAGO PRODUCE MARKETS.
W CHICAGO, July 25.-TSpecial Telegram TO
TnE BEE. THE wheat market had over
hight break Of about Nc, but IL remained
1airly steady at the depreciation marked by
me opening quotations. December opened
~ soc and swung irresolutely between 7gZ
4 Hnd SOC nearly the whole OF the session. II
occasionally got shade below 79aIc and
< rcca sionally above soc, but trading at the
. ontremes was light. Hutchinson bought on
the little breaks and sold on the little rallies,
being bent apparently on having an easy
Day OF 1t by keeping the market narrow,
(which he was able TO do on account Of the
lightness OF outside buyings Toward the
last, however, the market hardened appreci-
z ably, and the previous best limits were passed
N without serious effort. December went to
K 605sc and closed at s014. The action was
3 slow, though, at the best. September wheat
held rather steadier than December. 1t
opened at 7Sc, fuctuated most of the day
within the range Of 77Js@7S1Sc, but it spurted
at the last and closed at 7SMc July opened
at S2t, ranged at S29S2a[c and closed at the
outside. AS compared with yesterday the
closings record no change in July, and
shrinkage of 9s@1<c in later futures. Trade
WIS UOt large III bue uRRTeHhbe. fOTelRH
news was for the most part bearish. The
majority Of the private cables were easier,
though, and Antwerp Liverpool and Ham
burg orders came in early. The London
Times keeps harping on the Russian and
Hungarian deficiencies, but tho alarm oc-
casioned by those and kind ed publications
seems to be confined principally
to spectators. New York re-
OOrta ahatnmpnt Of the
port demands and seaboard clearsnces
are petty. At interior markets In the west
receipts continue only moderate The out
movement Is unexpectedly large, consider
ing the season. St. Louis is shipping out
more than half as much as she Is receiving,
and the percentage of Chicago shipments, as
compared with the receipts, is still larger.
Some of this Is export business, but it is
mainly for interior milling account. The
'retail' cash demand is active locally, and
good prices paid for choice old wheat.
The lIttiefel Of the local crowd are bullish
as rule, but most Of the heavy weights are
either bearish or on the fence. Hutchinson,
1t is thought wants to see steady market
until the July shorts make known
their determination. This matter will
be settled in few days. The weather
in the southwest is still showery and unfa-
vOrable for threshing and moving wheat. but
the Indications point to better weather.
Baker has bad crop news from Nebraska,
Iowa and Southern Minnesota, but the over
whelming weight Of testimony on northwest
ern crops is that the prospects are decidedly
better than they were up to two or three
weeks ago. Ingls, the "Big Four' expert,
advises his principals that the northwest will
raise big crop. The Minnesota agricultural
secretary has made report by counties,
which indicates Al, 100000 bushel crop in
that state, %, 600 900 bushels more than last
year. The latest estimates make the
spring wheat crop 100000 bush,
els greater than last year, but
these figure are liable to very important
modification before the harvester returns are
In. Considerable confusion grew out of the
attempts to locate and understand the re-
port sent in to-day, but the details confirmed
the original version.
The slight stimulus which the trading in
the corn market received early in the week
was absent to-day and 1t relapsed into dull
ness and narrow fluctuations once more.
The receipts were about fifty cars under the
estimates made yesterday, and for tomorrow
the arrivals are estimated at 1888 cars, but,
although those moderate quantities would
ordinarily strengthen the market, the weak
ness In the wheat market more than coun-
terbalanced their effect The cable markets
wcre weak and quotations lower. Shipping
demand here and at the seaboard was good
and vessel engagement here to-day foe
$50, ,OOObushels indicates q continued freemove-
ment and chances for another decrease In the
visible supply during the present week. The
closing quotations show very little changes
from those of the preceding day. July rested
86l8c.
Oats were heavy to-day, sagging 191c.
The weakness elsewhere influenced the mar
ket IN a mild degree. and there was also con-
siderable Offering of No. 3 white oats for
August and September, which tended to de-
press values. Receipts were fair and so were
shipments, with about 10000 bushels de-
crease in local stocks, but the condition of
the new crop favored the bears, and few
shorts bought July at 22l4 @22asc and August
sold at 2l1sc, with No. white AT 25hc Sep
tember touched 2lsl l@21Jsc and ditto white
. were quiet at 2214c.
ming. There were no active raiding oper-
ations, but almost from the start the
trade, under the lead OF pork presented n
weak front. Hogs were in better supply and
lower. The past weeks figures of packing
throughout the west made the summer sea-
sons increase over the returns for last year
reach 645, 900 hogs, and with continued good
receipts Of the product from the country the
market appeared to break Of its weight II
was unable to command any support, save
the little it obtained from the covering of
fortunate shorts, and ruled lower because 1t
was hended in that direction. OF pork at
least, the selling was free and large
amount Of property held by grain houses and
parties outside Of the regular trade was
thrown overheard. The shorts were good
buyers, and the pit received more attention
than for long time. Lard was relatively
stronger than its companion articles yet il
suffered depreciation OF 21f(o5c. In pork
the days actual decline was l7kc, and in