Omaha daily bee., 1889-08-09
THE SPECULATIVE MARKETS.
A Lack Of Energy and Life Char
acterizes the Market.
BOTH BEARS AND BULLS EXPLAIN
The Market Not Uneveniy Balanced
Reports From Engiand-No Life
in the Corn Pit-oats Sympa-
thize with the Dulincss.
CHICAGO PRODUCE MARKETS.

CHICAGO. August SIS Special Telegram TO
THE BER.l-There was the same lack of
energy and life in to-day's market as was
witnessed on the preceding days OF the
week. Trading was light and the market on
the fence. There were good reasons in the
estimation of the bears why prices should
go lower, and strong arguments, as they ap-
peared TO the bulls, for some advance, but
the supply and demand both of actual stuff
and paper contracts on each side OF the
market appear for the present not unevenly
balanced, judging from the narrow fiuctua-
tions. The December delivery played
in listless way up and down
&c scale and finally stopped
v~ithin Lice of its opening price. 1t started at
&c sid gradually worked up to 1S14c and left
off at 7S4@7SAc. The general expectation
among speculators ever since it became GER
tain that heav crop of winter wheat had
been harvested has been TO see the market
crushed by the weight OF early deliveries
So tar the depression OF prices has been
brough about more from anticipation than
realization OF the aforenamed theory. STOCKS
are not piling up as was anticipated, and to-
days returns from the principal points OF
accumulation show that the proc
ess is still being delayed. Early
cable news quoted easier markets and
good harvesting weather in England, but
closing advces noted steadier tone and
change for the worse in their tickle weather.
Repetition of nightingale" cables TO the
latter effect were showered upon the mem
bers of the board from New York and had
less effect than they might have had IL less
numerous. Rain was reported from several
points IN the northwest, and this surplus OF
wet weather is giving some uneasiness to the
in to-day's trading. There were for
eign buying orders In Baltimore and
reports of eleven boat loads taken
to-day, while yesterdays clearances OF
wheat and -four from Atlantic ports were a
fair evidence of the genuneness of the re-
ported shipping demand.
There was hardly any life in the corn
market, and at times the pit was almost de-
serted. There was nothing in the way of
news to impart any interest TO trade, ana
light and fluctuations very narrow, covering
less than &C for the whole day. The ship
ping demand remains fair.
Oats partook of the general quietude and
the market was easy in tone and with price
changes confined to narrow and unimpor-
taut range. The posted receipts were the
largest for any day since the new crop began
to mOve 105 cars of contract oats out of a
total of 405. There was no buying support
of consequence. and at the same time some
pressure to sell, with the next month hesi-
tating around 20Ssc and May at 24ssc. No 3
white tor delivery this month sold at 4%c
and No. Q to 90 to store went at 2o11c.
In provisions only fair general interest
was manifested. Cash buyers appar
entity took hold with more free
dom than of late, but special ad-
vices say there was no particular stir. Ope
rators, as rule, acted conservatively and
there were no exciting developments during
the day. Hogs were in better supply and in
that product the feeling was easier in its low
ering. The best prices obtained prevailed at
the opening of change and the lowest quite
late in the session. Lard and short ribs
opened at yesterdays closing figures, and
pork at an advance Of &C. Closings all around
showed something of decline for the day,
amounting in pork to 2LS(071Sc, in lard to 211S
@5c, and In short ribs to 1Sc.I