Omaha daily bee., 1889-04-30
The SPECTATORS IN GRAIN
Finishing Up the Month and Prepar-
ing For Holidays.
WHEAT AND CORN CLOSE HIGHER
The Visible Supply Decreased an d n
Buliish Feeling Manifest
other Grains Fair
Quotations.
CHICAGO PRODUCE MARKETS.

CHICAGO, April 29.-[Special Telegram TO
'fHE BEE. The wheat market was dull and
steady to-day, for new crop futures, and firm
ord higher for May and June. This was the
last business day Of the month, and the day
before a holiday. Considerable curiosity
was felt as 10 what was going TO be done
with 3, 800, 600 bushels Of contract wheat in
store here, but dilgent inquiry among those
who are best posted in such matters failed to
develope especial nervousness. 1t is gen.
orally believed that most of the winter wheat,
amounting to something like 125,000 BUSHES,
will be delivered out and that it will 90 into
the hands Of scattered holders. Elevator
people arc evincng desire TO hold on TO
spring wheat. Baker sarcastically remarks
that he learns that all the wheat sold for
May, June and July, win he delivered next
Wednesday, some 45000,000 bushels in all,
and that he is going to have boys with
baskets to pick up the receipts that
will be thrown about He thinks
nc might come out even. The visible sup
ply shows a decrease of $4,000 bushels;
making the total in sight 26,046, ,595 bushels,
against 80 AGA, 900 bushels last year, and Az
1913, 4T6 bushels two years ago. This show
ing produced an under-current of bullish
feeling in all the markets, and prices were
well maintained. The northwest exhibited
the least strength comparatively speaking.
water were steady and fair degree of
activity is reported, though advices were re-
ceved from New York that exporters were
selling freely against recent purchases.
Cables were steady, but private advices in
dicated more or less heaviness abroad; on
account, it is claimed, of pressure of con-
signed American -four The flour trade just
for moment is commonly quoted as dull,
though great many sales of large lots are
reported from q variety of places. Sales are
made Mt concessions. rule. IT seems,
Minnesota mills have been pressing
their products at Il sacrifice recently.
BY far the most important item
in the -four trade was the announcement that
$4,000 barrels of -four are to be shipped from
Milwaukee through to New York. Exports
of wheat and -four from the Atlantic ports,
last week. were equivalent to about 600 600
bushels. Eight loads were reported to-day
for export. Locally, there is good inquiry
for wheat and one cargo of As, 900 bushels was
worked for lake shipment. THE weather
gossip had something to do with the regula-
tion of speculatlves values, to day. 1t is cold
and rainy through the greater part of the
country, west of the Mississippi, though
some sections of the northwest are still com
planning about high winds and dry weather.
The crop reports from most points in the
south and southwest are favorable There
was considerable activy noticeable in Mi ay
and June wheat to-day. May opened at
S11sc, advanced to 81 &c and closed at Sl3sc.
June opened at 81 &c, sold up to S2I2c and
closed at SShC me lnluldl IOr
July was 79fSc: there were sales at 19c and
an advance to 7956@7994c. The market
worked as low as 7014c, but it closed at
7assc, Dealings were mainly at and around
79S@79Ssc. During the larger part of the
session business was at no time heavy.
Corn was considerably tirmer, first in sym
pathy with wheat and the weather, which
was expected to adversely affect the grad
ing. Later a very heavy decrease of 2 1892,
600 bushels in the Wis BILE supply alarmed the
and started n demand from them
which caused an Improvement of about &c
per bushel nearly all of which was retained
until the close. Receipts at Liverpool were
reported for the week at 4S4, 900 bushels.
on Saturday were only moderate and from
New Orleans only 10000 bushels
cleared on Saturday for Liverpool. July
corn was in good request and liquidation in
May was much less urgent than during the
closing days of the preceding week. Re-
cepts, however, continue heavy at this
point, in view of which the steadily decreas-
ing visible supply is considered all the more
significant.
Oats were in good request and }6(6o1c
higher, despite the heavy receipts which ex-
ceeded the estimates by fourteen cars. and
included 224 cars contract grades. There
was also small increase in the visible sup
ply, which was unimportant. Speculative
trading was largely in the way of transfer
ring May holdings into the two following
months and with less of the first-named COM
ing out. Oats for delivery next month sold
up to 225sc, under good buying orders. After
firm opening, June improved to 23c, and
July was unsettled at 2219S2314c Local
stocks are larger by about half million
bushels than was the entire visible supply q
year ago On the other hand it was believed
by many the country had about sold out
Car lots to go 10 store were close to May
selling at 22c early, for No. 2; and most OF
the business was by sample.
Provisions were quiet. Parties interested
In May were engaged in covering their con
tracts or changing over the same to July
but in the line of new business there was
but little doing. The market was strongly
permeated with the holiday fever, and there
was a general indisposition to put out oi
make trades. Considerable May property
however, was provided for, and the demand
for July for the purpose of transfer was
sufficient to widen the late difference. A
the adjournment July was quoted over May
22l1c on pork; 10c on lard, and 20c on short
ribs. In pork, the days fluctuations extended
over a range of l5@l711c, in lard of ]a@5c
and in short ribs of l0c.