Omaha daily bee., 1889-09-06
The SPECULATIVE MARKETS.
Wheat Rather Dull and No Impor-
tant Changes Noted.
INTERIOR RECEIPTS INCREASING.
Small Lots OF Corn For Sale at the
Openina-A Bearish Tendency
in Provisions-Bog Brisk
General Quotations.
CHICAGO PRODUCE MARKETS.

CHICAGO. Sept. 5.-ISpecial Telegram
10 The BEE. THE wheat market was rather
dull to-day and prices did not undergo any
important change. Cable were easy and
brought selling orders. Receipts at interior
points are increasing. Arrivals OF winter
wheat do not average up well In point OF
quality. Duluth is getting the finest wheat,
1873 cars out Of l54 received to-day grading
No hard. Minneapolis is receiving larger
proportion of lower grades than Duluth.
Winter wheat that is coming to the front
now Is not supposed 10 represent the quality
of the crop. A good deal of wheat that was
damaged by the harvest rams is being mar
keted and gotten out of the way This Is
supposed TO account for the disproportionate
amount of low grade gram that Is shown in
Its returns. Spring wheat millers are igur-
ing on four bushels of wheat making barrel
of -four this year. Last year nearly
five bushels were required. The Improvement
In the average crop in winter wheat this
year over last year is marked. Parties in the
trade agree from this that in point of pro
ductiveness the total United States crop this
year should be figured at no less than 55,
100000 bushels and possibly $1,000 600 bush
els. The bears and bulls find consolation in
this theory, the former contending that sup
plies will be larger than last year or any
average year, which must depress values
through the season, aud the latter holding
the opinion that on account Of the excellence
of the quality of the crop there will be big
demand for our surplus at good prices. 1t is
quite plain, however, that outside interest
in the deal lags, and any important advance
in the absence of general popular inquiry is
not looked upon as likely to occur. This,
however, is feature that is liable to COM
plete change in any twenty four hours. The
dullness of to-day may give place
to boom tomorrow. There
is nothing in sight now to
indicate any such speculative mctamorpho-
sis, however. Price changes to-day were
comprised within limits of about &c. Spec
ulative trading was not spirited, and it was
small in volume. The heavy weights oper-
ated in a small way, and the little fellows did
n small business or did nothing. Outside
trading in wheat was not up to the average,
though public interest In the other articles
dealt in on Change brought the total bust.
ness up 10 a satisfactory aggregate. In the
cash line the transactions were of quiet
order. Irwin, Green & Co. and Seckel
worried So, 600 bushels of No. red for New
York. The opening quotations were 71Ac
for September, 791Sc for December, aud S3c
for May September ranged at 77l60l7714c,
and closed at 1714c. December sold down to
7S1sc, moved back above roc, ana during the
greater part of the session was held at roc or
fractionally above. The last quotation was
79c May ranged at S39S3]4c, and closed at
S3lsc. Last prices record slight shrlnkage
on all futures except May.
The corn market opened with a consider
able number Of small lots for sale. The re-
ceipts were within q few cars of the previous
calculated as arrivals for tomorrow. The
Liverpool market was quoted as being
strong, and the early demand for cash offer
ings was brisk at about NC advance on yes
q tamnnrptnrn
was apparently moving slowly eastward,
light frosts being reported from points in
Nebraska and Iowa, although no damage to
corn has so far resulted. There was nerv-
BUSINESS, however, regarding the situation,
which hindered selling except in the way of
unloading previous purchases at some profit
There was fair amount OF activity in the
pit and after selling down about A@ssc
from the opening figures. more firmness and
reaction took place, with some nervous
buying by shorts. September at one time
commanded slight premium over October
and an easier. feeling again sue sue
ceeded, the closing prices being 331sc
for September and 332l9331sc for October,
which was about &c under the closing fig
ures of yesterday.
Oats partook Of the general quietude pres.
ent in the speculative markets, with only a
fair business recorded at narrow range
May opened &c higher owing to frost talk,
unexpectedly small receipts ana the
Ws these et oiled few the BUYING Usasas
disappeared, prices recedng to 23c and
later ruling tritle steadier. FAIR quantities
of oats were delivered on September con
tracts and near months were easy with only
meagre support given A moderate business
was done in No. oats to go to store, which
were about steady at 19Ac for regular. No.
2whlte for September sold at 21$4c
aIn provisions this tendency was little
bearish. The opening was quite strong, bu
in different lines except October pork
There was a dispositon to sell the market
down. October pork was Irregular, but or
the whole higher than yesterday. In that
arlicle Hutchinson is now the recognized
power, and his movements are consequently
closely watched. He made no demonstration
to-day and appeared satisfied with impress
ing upon tine trade the fact that the marlie
would be looked after. Trading was spas
mOdic all around and without special fea
ture, the principal seller being broker wh'
frequently acts for Armour. Compared will
Yesterdays final prices the closing showed
an advance of &c In October pork and u de
cline of 2]S@15c in the different deliveries O
lard and shortribs.
CHICAGO LIVE SrOCk.