Omaha daily bee., 1889-06-21
THE SPECULATIVE MARKETS.
Wheat Made Cent in the Chicago
Trading Yesterday.
TOO MUCH RAIN REPORTED YET.
Corn stu Advancing in Fractional
Quotations-Oats Active and
Higher--Provisions Lower
and Cattle Weak.
CHICAGO PRODUCE MARKETS.

CHICAGO, June 2o-TSpecial Telegram to
THE BEE. l-Contrary to general expecta-
tions, the wheat market was very 'gamey''to-
day, and prices advanced materially, though
toward the last some of the improvement
was lost July wheat sold down to ''Ac
ION the curb" last night, vet this morning
1t opened at 7124c, and with very slight re-
action to 775sc, tho market advanced iuii
cent. Ittook about an hour and hait 10Y
July to get to get to TS15c, at which point
free realizing caused &c reaction, but the re-
covery was prompt, and the price went 10
7ss<c 1t subsequently broke back TO isAc'
and the trading thereafter was within the
limits of 7S1S01TS94c, ana the close was 1o1sc,
a net gain of &c on the day. December
opened at 769lc, ranged 76S<0UBc, ana
closed at 7i16c. June ranged at so(9sic' ana
closed at Soc Considerable trading was
done in September at 75@1o4c. july
and December were favoritc futures,
however, but strong indisposltiou TO mako
new contracts in July Is manifest, except
among the purely scalping clement, 10 "hoii'
the month they trade in IS matter oil ihail-
ference so long as they can prompt "acVioh.
December was relatively stronger tnan July
and gained an even cent. September galneo
&c. The weather was favorable in some lo-
calities and unfavorable in others. Nor1h-
western adyices indicate an extension OF ram
area In the spring wheat DISTRICTS ana INC
signal service reports clearing up III hahsas
and the southwest. Elsewhere in the winter
wheat districts heavy rains are still continu-
ing. These reports come in from tennessee,
Kentucky, Ohio, Indiana, Illinois, iowa anu
Nebraska. Kansas City wires that some
new wheat will arrive there this week, ana
that the movement southwest OF lhere 10 eA-
pected to begin the first week IN ouly
Rains have interfered with the narvts.ins
In that section to q very consideraple ehleut.
The continuance of rain upon the alreauy
submerged fields of corn made the uneasiness
of short sellers of that cereal stiil more Pro
nounced than on the day preceding, anu
coupled with small receipts, gave some war
ranf to their anxiety. A good demand Tor
shipment both here and at the seapoaro, lhe
wise contributed its AIDS to the pull sue VI
the market, and it was still further assisUeo sue
by the strong tone in the wheat tnarhe'' ;n ino
export clearances were fair and the snip
ments hence on liberal SCALE taking into ac-
count the meagre arrivals. New W. OTIeans '
shipped to Dunkirk, yesterday, looouo ousna i,
els. Trading was, at times, quite actiVe, anu
growing interest from ou{saue ~ nn IN %
Is beginning to show itself. Prices us on inc
day before, eased off towards the close;
July. after advancing to 351sc, selling on anu
closing easy at 3424 0e3i1sc, which Is an au
vance of 1s6l1Ic on yesterday maj ~ eSo
Charters were made to take out l65,oUo
bushels. ..,
Onts were active and higher. The strength
in other markets helped this cereal siiehtiy,
but the advance, which was chlehy ID near
deliveries was due principally 10 the shorts
covering. There were few oats for sale until
nr,ces had moved upward 4@19c, wnen the
improvement was checked by free oIerihgs'
and part of the advance was eVentuaily iosl,
July sold up &c to 23l4923ssc, and back TO
C.