Omaha daily bee., 1889-12-07
The SPECULATIVE MARKETS.
Wheat Ranges From Steady to
Firm With Many Fluctuations.
CORN GETS A GOOD START.
Oats Practically Firm-The Provision
Market Comparatively interest
ing-January ana May Were
the Favorite Months.
CHICAGO PRODUCE MARKETS..

CHICAGO, Dec. 6.-GSpecial Telegram 70
The BEE. THE wheat market ranged from
steady TO firm today aud the average of prices
was n shade better than yesterday. May
opened at S3asc, advanced to s3bms3%c, re.
acted 10 S3l6c. advanced to S35S@S3aIc, sold
off again to S3Hu and during the last hour
had an appearance of strength, going to SAC
ana closing at S35sc. Near futures were
rather less firm than May. December
opened at isl6c, advanced to 7Saic, sold off
to fSasc, sold off to ISHc, advanced to i9c and
closed at 7SJsc. January was about 10 above
December, opening at i915c, ranging at i9H
@S0c and closing mt 1876. The local feature
was a suspicious bullish demonstration on
the part of Ream and other recognized bears.
Ream was an ostentatious buyer at the de-
cline, appearing in the pit in person
and accepting several offers Of good
sized lots. The old bear party,
led by Renm, Jones and Linn, are
generally understood to be strongly bcarish
In sentiment, and the active buying by Ream
excited no little comment. Opinion us to
the significance Of the move was at variance.
On the one hand 1t was contcnded that no
big bears were covering and in order that
they were bulling the market TO sell on. The
view first indicated seemed to be the most
generally believed, judging from the course
OF prices. Although fluctuations were re-
strlcted to narrow limits, n good volume OF
business was transacted. News from the
northwest was a disappointment to the bulls.
IL has been u disappointment continuously
Tor two months. Cables were conflicting in
tone. Summed up, they fail to reflect any
startling change in sentiment or position
abroad. The seab0ard markets have nothing
new to report. Export clearanccs of wheat
amounted to only 1868 bushels, but 81, 4i5
packages OF flour went out, equal in
all to Do, COB bushels, against gS. 236
bushels a year ago. Local receipts were 100
cars, of which 6S inspected No. 2. The rec
ord for the first five days of the week shows
91 cars received, against 1866 cars for the
corresponding period a year ago and SST cars
Two years ago. The proportion of No. 2 is
547 cars this year, 81 cars a year ago and Az
cars two years ago. Winter wheat inspec-
tion does not show up favorably in COMPARE
son with sr"'rU wheat.
Corn specu tors started at a fair pace,
there bcI.p - good many orders at the open.
ing on both sides of the market for January
and December deliveries. Tho crowd got
all they wanted in about fifteen minutes,
during which prices were advanced q trifle,
after which trading slackened off and dull.
ness ruled for the remainder of the day.
Receipts of contract corn were again small.
Liverpool was weak and lower for American
corn, out seaboard markets of this
country maintained a firm front,
"'th " tuu utgIGc u uTIlltSS dU OUueT
domestic centers of trade. Tie weather
was warm and summerlihe, which was not
calculated to improve grading. Export clear.
ances were heavy and Withdrawals from
store here liberal. The present fine weather,
IL II continues, will indefinitely prolong the
outward movement by lake, but no charters
were reported today. Closing prices were
at an improvement of 1s(G9sc on Yesterdays
resting figures, December leaving off at
3l9Sc, January at 3l1Sc and May at 3336c.
The estimated rpppiptG fpr fpp,nrrntxy nr, .Ann
cars. The advance in December was due to
the |; es mt scarcity of No. 2 and the good
demanG 70, the article.
Oats were exceedingly narrow and devoid
OF special feature, ruling practically steady.
There was moderate selling. attributed TO
Milwaukee operators. but the demand ut the
recent range was sufficient to prevent any
decline. The receipts were small, with fair
estimates for tomorrow, and Withdrawals
from store unimportant. May re-
nary at about &c discount w.t." w idh,
December WIS easy at 20HM20@Gc. No. 2 to
go to store sold sparingly at 2OIc. No. 9
white oats for May were neglected at 243,c,
Provision traders found their market com
paratively interesting in n speculative way.
Ihere was more than the usual stir of late,
anu the increased activity witnessed was
largely due TO the buying of Cudahy and
parties believed to be operating for him. A
stronger feeling assumed control. Packers
continued to be indifferent or limited sellers
for future, and buyers of products expert
enced NJ times some difficulty to ill orders,
save at an advance. Hutchinson sold short
RIBS quite freely, but offerings gener-
ally came from traders unloading
recent purchases. In future trading
January aud May were ~favorIte months.
Late in the day Cudahy made four sales of
MAJ pork. Short lines Of product for Jan.
uary were very generally reduced. Com
pared with Yesterdays closing showed a net
advance of 719@l0c on future pork, &c on
lard and 5@7Hc on short ribs. The days
lowest prices prevailed early in the session
aud the highest around 1 O'clock Or shortly
before the close. Cash buyers either made
more moderate purchases than on any for
mer day of the week or were slower in re.
porting their transactions For immediate
delivery 500 was paid for lard, 3a6c for
New York green shoulders, no for l6-lb.
green hams and 4l4c for cured dry sailed
shoulders boxed. Some side meats were
taken for export on private terms. For
January pivotal future pork sold at So. 37ls
@9h2l4, lard at 81, 92J4@5.9116 and short RIBS
at ~. Sj@tS5. Short RIBS and lard for same
month closed at best prices obtained and
pork at s9.411a. Other futures stood mt close
at 500 for December pork, 81. 92S for DE
cember lard, sls7JS for December short
ribs, S9.S5 for May pork So. Is for Ma lard,
and so.OIE for May short ribs.