Omaha daily bee., 1889-04-16
The SPECULATIVE MARKETS.
Wheat Firm With an Upward
Tendency, Closing Higher.
CORN sYMPArHlzes WITH WHEAT
Oats Moderately Active-Provisions
Conservative, With Closing Prices
Better-Cattie Substantially
AT an Advance.
CHICAGO PRODUCE MARKETS.

CHICAGO, April 15.-Special Telegram to
THE BEE. The market was firm. II was
not steadily go but the tendency was up
ward, and 1t was opened at an advance of
&c for July over the closing price on Satur-
day. The trading was active at times, with
considerable Intervals Of dullness inter-
srersed. MAY ST rted at a full cen timproye
ment on its previous price, and at the close
still preserved &c Of its first jump The
first quotation was soc, the final one SS5S,
and IL sold between ssc and S91lc. The
July figures were S2jlc at the start, S311 at
the highest point, and s3lS@S3Lc was the
lowest quotation. The market started in
firm from variety Of causes, the principal
one CT which was the strength Of tn g
forei,n markets. Liverpool tending up"
for American wheat, has not been the Ian
guage recently used in describing that
market, and IT caught the local speculative
sentiment here in humor to respond. Heavy
bear operators have good following in the
local trade who are perhaps lacking somewhat
in the sinews OF war and certainly in the
courage so prominently characteristic OF the
leaders. Those weak.kneed bears were the
principal buyers early in the day. The 92,-
600 bushel decrease in the visible supply ex-
ceeded the general expectations, and helped
TO maintain the early strength, which was
assisted likewise BY the belief that the rains
In the northwest Huu UllSSpu UHt
Red River Valley district; but when later in
the day this pin was bowled down by the
signal service office the market had its set
back from S314c for July to S224c. This was
very gradual, however, and trading was not
animated until the turning point at S3c was
encountered, around which there was an ex.
cited tussle, lasting for some minutes The
May deal emitted sparks like flint every time
II was sharply struck, and like the same sub
stance was cold and impassive most of the
time.
The strength displayed by the wheat mar.
ket had sympathetic effect upon
corn, and was in some degree
the cause of the early advance.
who appeared willing to buy, and did buy
considerable May corn at 3451034$5c, and
also paid 345kc for one or two fairszed lines.
The foreign markets were firm vnd the ex-
port inquiry good. The receipts were not as
heavy as had been predicted, by 81 cars.
The decrease in the visible supply of 256,000
bushels was not generally expected, owing
TO the diminished exports OF last week, and
from these various causes the market ruled
firm in the early part of The session, but the
dependence upon the strength of the wheat
market was shown in the weaker feeling
developed when the other grain showed
symptoms of breaking. The close of the
market was firm at an advance of from &c
to 4c on the active futures May closing at
345fc, aPainst 345s @34l6c or Saturday, and
July at 359Ec, against 3514 013556c at the close
of the previous closing day.
The regular market for oats was moder-
atelv active and good, and speculative bust
ness was done at unsettled prices. After the
weak opening at 2414 (d24]sc, May advanced
to 245Ec and later reacted to 24ssc. The
early strength was due in part to sympathy
with the slight firmress in wheat and corn,
together with some purchasing for account
of shorts, and.the moderate offerings. The
buying orders were soon filled, however, ex-
cept at the lowered prices, with June and
July on nearly the same level with May.
Cash oats were quiet at "a sc for No 2 to 60
TO store. -
The provision traders opened weak, with
slow market In both cash and future
property the trading was marked by more
than ordinarily conservative feeling, and in
the genera, market there was no unusual
feature. Values, however, we're well sup
ported and with moderate fluctuations the
closing stood at higher level all around
than ON Saturday. In pork the advance
actually established was l0(G121sc, in lard
71Sc and in short ribs 212@5c.