Omaha daily bee., 1889-09-12
THE SPECULATIVE MARKETS.
Wheat Again Firmer and a Further
Appreciation Noted.
EXPORT cLsARANces LIGHT
Corn Opens Up Better on the Govern
mcnt Report - Provisions Still
Ncrvous--Cattie Alb put the
Same-Quotations.
CHICAGO PRODUCE MARKETS.

CHICAGO. Sept. 10.-TSpecial Telegram
10 The BEE. 1.-The market was again frmer
ana marked a further appreciation In the
price of wheat. There was no general or
prolonged activity, but trading was of su1i-
cient interest to keep the shorts within easy
calling by the balance Of the pit. The bal
ance of sentiment favored the bull side, and,
rs usual In such cases, magnifed the items
in the daily budget OF news bearing that
direction, and belittled those Of the opposite
tendency. The government report, indcat-
ing as IL did some general reduction in the
outlook for the combined crops Of winter and
spring wheat was the most legitimate cause
for bull feeling among the news items on
to-day's market and possibly exerted more
influence than anything else. Beyond this
and slightly better tone TO the English
markets, the circumstances affecting values
remained us before. The export cearances
were light and the demand on foreign ac
count here and ut the seaboard
was Insignificant 1t should be stated,
however, that an exporter on the floor here
ascribed the lack of foreign orders to the
scarcity of No. 2 wheat on the market, but
again, on the other hand, another gentleman
who recently bought large parcel of Du-
luth hard wheat in that market for foreign
account, advised having resold it there.
There is and has been an excellent shipping
demand for Chicago No. B. which passes
muster in New York and elsewhere as a
good milling article without the necessity of
artificial polish. There were some round
lots of it sold here to-day at more than could
be obtained for 1t yesterday. December
opened firm at 7S39c fluctuated between
that and 7SsIc, touching 7S1c at one time.
md nal rln no. fn Ia, 1sns a
at 7SJsC919c. or about Nc over its resting
price yesterday.
To the agricultural bureaus report on
the corn crop was ascribcd the irmer
opening to to-days market for that
article. Upon careful sitting, however, con-
siderable difference of opinion was found to
exist among floor operators regarding its
true bearing upon the market. firm in
New York considered their deduction, based
upon the governments figures, of sufficient
Importance to be wired here. Their figures
made an even 1000, 100000 bushels of the
growing crop Montana and Dakota re.
ported killing frosts in spots and some nerv-
BUSINESS was induced from that fact. The
buying of September by Mr.. Hutchinson
maintained that delivery a greater part of
the time at premium of sc over October.
May was comparatively steady. The local
traders filled themselves at the opening and
the remainder of the time they were occu.
pied in an attempt to disgorge their early
purchases without loss, September
opened at 33s4c declined to 3312c, sold
again to 1870 and closed at that. October
closed at 33j5s@3ss4c.
Oats presented few features of interest,
ruling quiet and steady to firm and appar-
emily dominated in a measure by corn, as
tor some time past. The shorts wanted a
few near futures and September sold &c
higher at 1890, with next month at one time
touching 199sc, but trading was chiefly in
May, which sold at 23ls 0D231tc. The receipts
exceeded the estimates by 3S cars, and out
of 1913 cars inspected IN, o. cars, or nearly
half, were contract oats. No. regular was
quiet at 1880. No. white oats for future
account were neglected.
The provision trade Is still in u nervous
condition. The January product again
showed considerable strength to-day, and in
the way of speculation also attracted in
creased attention. This was particularly
true of pork which appeared to
be in demand from shorts anxious
to realize profits ON their outstanding
contracts afforded. : In October pork there
was some selling by brokers credited with
being Hutchnson's representatives,. 1t opened
at $ll25, or 15c under yesterdays closing,
declined irregularly to S1O90, and closed at
$ll.00. or 4Oc lower. Lard and short ribs for
at $3.50 for the first mentioned article, and
at $500 for short ribs. For October, lard
sold at So S5(l5. 80 and closed at So. S71, or at
unchanged prices. Short ribs for October
appreciated 216c, closing at 81. 90 after rang.
ing at ST. 4S5Qp490. For January pork sold at
$90216(6a.15 lard at So 70(o5. rs and short
ribs at 81 81 Q14.65. Short ribs for the same
month stood at the close AT 81 6215 and both
lard and pork stood at the outside prices
touched. The days advance in January was
confined to lOc for pork and 2Hc Tor shorl
riha