Omaha daily bee., 1889-10-23
The SPECULATIVE MARKETS
Wheat Prices Continue on the
Downward Course.
CORN SHOWS AN IMPROVEMENT
The Provision Pit Again Character
lied BY Remarkable Strength
aud Buoyancy-Cattle and
Hog Quotations.
CHICAGO PRODUCE MARKETS.

CHICAGO PRODUCE MARKETS.
CHICAGO, Ocf 92.--TSpecial Telegram to
The BEE. Wheat continued on its down
ward course to-day and another 1 cent in
prices was lost. The market opened weak
on fiat cables, an increase OF LOO, 600 bush
els in the amount on passage, showers in the
Ohio valley ana on miscellaneous lquida-
tion. The northwest was bullish. however,
on disappointment in receipts, the quantity
inspected into Minneapolis and Duluth being
only about half Of what was expected. Local
speculative sentiment favored the theory OF
rally "for q turn" but as result
there was strong buying around the opening,
which carried December from S0lsc to SOl9c
and May from S3il C to So &c. There was plenty
of wheat for sale on the advance and the
market reacted &c or such a matter, steady
ing between SO4c and S0l1c for December
and around $3.50 for May. The
undertone was weak, however, and
reports of showers at several points
through the Ohio valley served 10
allay alarm on account of a possible drouth.
Hutchinson reappeared as a seller and lot
more long wheat came out. Late cables
were weak and lower on heavy receipts of
Russian wheat, and in expectation of the re-
cent apparent advance in English country
markets the statement was made that the
better prices represented Improvement in the
quality of the wheat delivered by farmers
instead of enhanced values for wheat of the
same grades. The new born bulishness in
the northwest died out as suddenly as IL
came and the surrounding markets all looked
and acted heavy. New York reported April
orders, but at limits l@l11c under the mar
ket The local situotion was unonalifiaaly
weak and the market broke tn hrouph the bar,
riers thrown nm nv the bulls and December
sold of sharply To sOc and later to TS36c.
There was slight reaction from 7sAc and
from mic. hut the feeling was still far
from strong. and the shorts who desired to
An their eontracts found an abundance of
,yheat for cole NAV declined to s5iIc and
closed at S25Ic. December resting at 1Jf6c and
Octoher nominallv at 77a/c Tine averaee de-
nrnc;ot;on In voYpns ruas about nor cant
THE receints Mt aii noints mentioned in the
hoard of trade returns aggregated 9Tf GAG
mshe,s and shinments a3e f;0o bnshels 10
cal receints footed mn 346 cars and local shin.
ments "a 2S4 bushels. Minneapolis and Du.
jnth cot sil O00 busbeIs and to-morrow,s
inint Estimate 10 For S1O cnrs This falling off
In recepts at these two points NAV he some
what deceptive. as no public account is taken
of sldetrncked wheat. The market ruled
, du,l nm to about an hnur of tho close Tho
iatter mart of the session was full of action
and the business passing was on large
scale Tbere was no conspicuons individual
trading
The onenino of the corn market showed
mora confidnnce to nrovoiI amope loc.i
snecnlntors in nresent values This
was but renetition of the
affect nrnouceS vesterdav nv tbe re.
dnction of the nmantitv in siSbt which vas
taken To Indicate eTormons domestic CON
sumntion Th. receints of the dav vyero also
contrih' tory IN the innrovemont henp over
one hundred cars nnder yesterdnv5s esti-
mate ana aaoin for tn-morro,v on,v 500 cara
are eynccted Tho firmness gave Mace IN
weakness later when the market began to
hrcai, badIv and a nromioent o5erator
oterea to snnplv @ all eomers h' with ne mnch os
thev wanted az hid nrices II, ,vas n scaln.
er,s market chiefly with very little business
from tho outside Cables were frmor not
;no sh1 sIop, aduoroe at + ;~ernooi hut nS.
cbaclr bus;nnss The cash demann was IpII
aud ana,hntic ,nd fo,IowsS The chonces ~, IN
the sneoninIiva sitnation October nnenad
NJ ao5S0Oaoi%c advanced to a0i%c sold ~ tn
aSs~11!,9i ~ and ciosad nj a0t az o;r of
G1c ,y.s made over vestsrdav,s clns;na a
fsSnrcs Nav ranged from 32aIc 70 32zIGS33,
and cIosed at aoIIc 80 ~ O~|SS
Oats were nearly steady. with a pood trade
in Nav vvb,,o in nenrpr Aeliveries opIv a
aca,tering hns,ness was done krHonr
bomab, cash lots and sold necemher ara,nst
sncb tho month nameS rnIinn steady af isSI
0SiSsIc Nav sold nj o1 lIGI9Ikc and Octn'
Ser Nus offared ot 10 1Secen,ynts wera In
era, and nnt of a total of All cars Is1 were
Contract Grades WithdrawaIs for sh;nment
,yern incrensod n IGo asS husbeia No .
80 o., ,l, 10 s,o,,a soiS ~ i-7Dc mi ,aT,, IL
'ns ~ W ~, soJo az i'/s' "'iu 'i"''nh
"aS Tho ,rny;s,o S risct VIVA oo,;, ob,r
.onned Nv, ,o,.ahia "su,a
to5au IN ,,au nS ,ne senorai $4,000 "ru ins,s
Soor.hn m nn,ions U osnecoiIu of The d;ffaran,
,,;y ps Jp,.unS, osv sto,, ~ ot .i,o tS u,n1ren
,hnu, srUu ny n,r,ciary b,,,,ish ,emous
W. ,a ns "mS no,,id Ia ha ohsary,d fna,, ',rFa T.,
Sontion ass III, nnouad a. h,,hon ~,
Eo,oh tho .o pu Stna ~ "a nEmol ,,,o ~,
'osi S'L u"u Sno sou. ;,h " ni it,S was ~
DC higher. November pork opened PIC
tions followed these early advances
but the undertone OF the marke'