Omaha daily bee., 1889-06-13
THE SPECULATIVE MARKETS.
Wheat Down For June, But Up For
Succeeding Months.
GENERAL FEELING UNCERTAIN
Corn Takes Fractional Turn Up
ward-In Oats Dullness Was the
RuIe-Provisions Somewhat De-
press ed-Cattie Decline.
CHICAGO PRODUCE MARKETS.


The BEE Bad crop reports and idle gossip
about manipulation" in July induced the
buying of wheat in this market and the re-
suit was better prices. Field advices from
the northwest reflect unfavorable crop con-
ditons throughout large portion of Dakota
and Minnesota. and Michigan correspondents
tell OF poor prospects there. The injury re-
sultinp from the recent frosts and the long
dry spell preceding frosts is just being devel-
oped by the few days of warm weather. The
news from the southwest is rather less reas.
suring, and John Kaufman, an almost
chronic bear of st. Louis, is quoted as say.
ing that the wheat fields of Kansas and Mis-
souri, are for the most part still green, and
that no great quantity OF wheat Will be re
ceived in that market before July TO- He
was supposed TO be one of the principal buy
ers, yesterday, but whether his newborn
bulishness was strong enough to induce him
to do anything more than cover his
short wheat, can't be stated with any degree
of certainty. The cash markets throughout
the western states are firm. New York is
still inclined to weakness on the government
crop report, and cables are coming in, quiet
with demand fully supplied" and prices
show a general softening of values. The
speculative inquiry is somewhat limited and
the public faith in, and expectation of, higher
prices can not be said to be universal.
Hutchinson was principal seller here to-day,
and as, before stated, the ST. Louis contn-
gent was the biggest buyer, taking, it is est-
mated, 2,5C0 900 to 5000, 600 bushels through
one house. Hutchinson Is said to have sold
Swltzer 800, 900 bushels in private trade in
one lot, and there were several open trades
in $50, 0Oo-bushel lots. June wheat lead So in
the early advance, to-day, going to Soc
Later, when July moved up from I698971c,
June eased off and the trend of prices du-
ring the last hour or more was gently
downward The market yielded to
the urgency Of demand noted
during the first half of the session gave
place TO mere stubbornness. June sold down
to 19c, rallying &c. and closing at 794c.:
July worked down from nc to 761c. and
closed at 74c. December started in at 751sc,
ranged 75l9(016c and closed at 754c. As
shown by the closing range the net result of
the days trading was a loss OF &c in Jnne
and a gain of 4c in July, and a gain OF sc
in September and December. The opera
tions in the pit were on fairly large scale.
The genera business seems to be on the in
crease. Export business at the seaboard Is
not large and the clearances show up light.
Il moderate local shipping demand is noted.
Although the weather was regarded as
being generally favorable to the growth of
corn, immediate considerations OF the pres
sent small receipts and considerable
lines of short corn, deliverable next
mouth, were the governing factor, and i'm
parted strong undertone to the days trade,
with prices in the end, however. advanced
only in the case of June delivery, which left
off at a. Improvement en- yesterdays clos
ing price. The freight engagements, to day,
were quite small, being only for 43, COO bush
els. The corn market was upheld princi'
pally by the comparatively small receipts,
although they were heavier by about 30 cars
than yesterdays estimates led spectators to
expect. For tomorrow 1875 cars was estim-
ated and this was regarded as favorable to
the bull side of the market. Export clear
ances were only gathered from the Atlantic
ports and from New Orleans 100000 bushels
were exported yesterday to Liverpool. Ca
bles were without significance. The guam
tty afloat or in Great Britain and on the
continent of Europe increased for the week
5000 bushels.
than during any previous day of the month
and prices were practically stationary. Out
side orders were scarce and local operators
were not inclined to do much, with July in
some favor at 221S@229sc, and September
about nc premium Other markets eXerted
no influence, and any possible tendency to
advance was checked by receipts, larger by
forty cars than were expected, and liberal
estimates for tomorrow. No. oats to go to
store were dull and nominal at 221S(02314c,
and out of 100 cars, posted as received, 13l
graded No. white.
Tho provision trade had an easier inclina-
tion. The receipts of hogs, which exceeded
by from 5000 to 10, 600 head all expectations,
occasoned a general depression. Hogs sold
off sc to l5c at the stock yards, and the
break in the stock market was responded to
in the product. The decline in the latter,
however, was small under the circumstan-
ces, amounting at one time, based on yester-
days closing, to ~ &c in pork, &c in lard and
&c in short ribs. AT the adjournment OF
'change pork showed shrinkage of from
716c to l0c; lard of 21ac TO sc, and short ribs