Omaha daily bee., 1889-04-23
TEE SPECULATIVE MARKETS.
Wheat Fairly Active at a Lower
Range.
CORN CLOSES AT AN ADVANCE
Oats at Narrow Range Tending to
Easincss-Provisions Uninterest-
ing Cattle Active--A Down
Turn in Hogs.
CHICAGO PRODUCE MARKETS.

CnicAoo, April % Especial Telegram TO
The BEE. The wheat markets were fairly
active to-day, on somewhat lower range OF
values. May and June more especially were
depressed and decline of &c per bushel oc-
CURED in these months, there being, how
ever, partial recovery. The feeling at the
decline was better than IL has been during
the week, and the expectation seems TO be
3eneral that the markets are likely TO i'm.
prove, or rather, that a reaction is in order.
The visible supply decreased coo bushels,
or twice as much as last year, and The stocks
at nearly every point of accumulation show
reductions, Minneapolis about 100000 bush
e.s, New YORK 300, 600 bushels and Chicago
about 200, 600 bushels. From the opening of
navigation, up TO Saturday, about 500, 900
bnsnels had been sold here for shipment,
and on Saturday and to-day additional lots
were worked, the amount and price not be-
ing named The stuff appears to be moving
out of sight as rapidly as could be desired,
considering the smallness OF the supplies. The
weakness in May and June was the feature
Of the early trading. The offerings Of both
months were quite free, and under their
weight May broke from Sac to Sic, and June
from SasIc TO S09lc, the outside being Satur-
days closing range. The opening to-day
was &c off. The price advanced TO Sl12c
soon afterwards. This break in May and
June contribute in an important sense to the
decline in July, and Hutchinson contributed
largely to keep the price down after it got
there. July opened Mt 19%c, advanced to
79J6c, and worked off to TS9sc, sliding up to-
ward the last and closing &c above the in
side. Daring the early half of the session n
big lot OF long wheat came out and there was
exceedingly liberal covering by the shorts.
Ream, Roche, George Smith, Switzer and
the whole list of the local professionals and
their brokers were good buyers. This alone
n 40 m
for the offerings were on Il large scale.
Hutchinson was an open seller, but he might
have bought more than he sold. The
frmness which developed toward the
last was traceable IN large
degree to the understanding that the market
only needed steadiness to insure considera-
BILE activity in cash grain. Inquiries are nu-
merous and the bids are close to the market
One lot of 5000 bushels OF Dakota choice
wheat was bought by Miller for S2slc This
is merely straw. 1t IS difficult to trace the
gossip down to the actual business, but good
wheat is evidently wanted. The closing
NA@79s5c for July. AS compared with sat
urduy this shows loss of &C in May and
June and &c in July. There were no foreign
markets to-day and the news from the Amer
ing. Wheat was Soft everywhere on the
brilliant weather and the softness here
New York reported $ boat loads worked for
export.
Inerc was II SloiulcT IOT COlu
after the opening weakness. May, which
under the influence of the declining wheat
market sold early at "a &c, steadied itself
and worked back to 419c on the decrease OF
1,34l, 900 in the visible supply. The export
clearances were heavy, and demands from
foreign and domestic shippers were as active
as ever There were 81, 900 bushels cleared
from New Orleans on Saturday, in addition
to the outgoings from the Atlantic ports
Tho receipts were below the estimates made
on Saturday Trade was of light scalping
character, and was void of activity or signifi-
cance, The outside markets were firm and
ell 'ouragiDg to holders. and, with wheat,
closed somewhat firmer than II ruled for the
most part of the day. The closing prices of
corn were at the best figures of the day. The
fluctuations were extremely narrow, and the
changes from Saturdays closing quotations
were only about nc in favor of holders. May
and June gained &c, July l-16@15c and Sep
tember sc.
b Oats sole within a narrow range tending
to easness, with a good aggregate trade
recorded. The so-called clique houses were
free sellers of May, and with the support
confined chiefly 20 the shorts, prices declined
ssc from Saturdays latest figure, with a frac-
tional recovery following. There was con-
siderable demand for May around 22l5c. and
the operators showed n willingness to change
into June ut &c difference. The long months,
especially July, exhibited relative steadness.
The Withdrawals from store were less than
recently and the receipts continued large
with free sales of No. 2 to go to store at
22I4c, or &c below tho former inside price.
In provisions the day passed in q somewhat
fcatureless manner. Traders in pork and
its companion articles transferred some of
their May holdings to July, but there was no
spirit or life to business. Outsiders paid lit
tie OF no attention to the market, and an un-
interesting state of affairs generally pre-
vailed. The tendency, however, was against
the sellers, ard the closings all around were
easier than those of Saturday. In pork the
final quotations showed a decline of 7l600l0c,
in lard of 215Gg &c, ana in short ribs of 21Sc.