Omaha daily bee., 1889-09-09
THE SPECULATIVE MARKETS.
Wheat Dull and Lifeless With a
Few S,reaks of Activity.
CORN OPENS FAIRLY STRONG.
A Reasonably Interesting Trade Pre-
walls in the Provision Pit
Business in Cattle Slow
Hogs All Sold.
CHICAGO PRODUCE MARKETS.

CHICAGO, Sept 7.-TSpecial Telegram
10 TUE BEE.l-A weak. dull and inactive
market seemed probable from the surface in
dicatlons at the start this morning Weak IL
was, and, for the most part dull during the
greater portion Of the day, but streaks of
activity were interspersed at times when
the weakness would give signs of deepening,
and some good sized line Of bull hoardings
would come in heap upon the market. The
influences at work we're more continuation
OF the circumstances which have been oper-
Hting to the disadvantage Of the bulls ever
gince the practical securing of the spring
wheat crop and the fine weather for
marketing IL gave promise OF lib
eral movement. Gables were weak and
export clearances Of wheat and four were
very light. The receipts at this point are
running largely to No. 3, which, though
very good milling and shipping wheat is not
of much use in filling speculative contracts.
Out of Pol cars Of red winter received to-day
only 81 were inspected into No. 2 grade, ana
this, In connection with the small stocks of
that quality in store, is combination of cir
cumstances sometimes forgotten by the
shorts. December wheat opened at 7S@
7s1sc and sold down to 77s4c, appeared reluc-
tant to go lower for a considerable time, but
finally worked off another nc, and after re-
acting to 7794c again bumped on the nc
figure, which proved the lowest of the dav,
the last quotation beng 79s@759Ic, or about
&c lower than at the close on Friday.
The corn market opened with fair de-
gree of activity, but was weak early. The
weather was favorable for the maturing
crop, which was OF course, the main cause
of the continued confidence shown by the
l.1n xx,,N.r N,,,rxn frrt otpra haeA
aud the firm tone of cereals were steadying
elements at the opening of the market, but
the operator who was the support of the
September end of the deal Yesterday was a
seller of that delivery to moderate extent
which had weakening effect and wiped out
for time the premium which the near de-
livery brought over October yesterday until
the final transactions Immediately at the
close, which restored September to its orig
inai premium. September closed at 3211c, as
on yesterday, and May at 351sc bid, against
S5c on Friday
Oats were not essentially changed, with a
fair speculative business noted In long fu-
lures. Receipts continue materially less
than the recent average, with only 204 cars
posted to-day. One or two prominent opera
tors were moderately free buyers of May at
at 2391 10D331S while this month was steady at
l9c For November there were bids of l9l1c
but no sellers appeared below 193s(ll913c.
No. 2 oats to go to store sold principally at
the former figure of 100, with light trading
in car lots to go to special houses at a slight
premium.
Provision traders were favored with a
reasonably interesting trade for Saturday
Between Hutchinson manipulating October
pork, Armour looking after September short
ribs and the unexpected selling of the Janu-
ary product, especially pork, the market was
able to command close attention. Traders
found it sufficiently active and mysterious to
keep them in or around the pit, and the days
aggregate business made quite a
good showing. Prices were also
irregular and fluctuations frequent,
though the range covered by the changes ex-
perienced outside of October pork were only
moderate. The article named opened at
sl0.s0, and after selling down to $l07O was
advanced by an individual holding the
balance of power to sl1.50. 1t closed at
Sl1.40, or 7211Sc above Yesterdays last price.
In January pork the limits covered by prices
in their movements were only l5c in lard 216
0o5c and in short ribs 5Qol0c. Lard and
October short ribs closed unchanged,
January pork was nc lower, January short
ribs 215c easier and September short ribs l0c
higher.