Omaha daily bee., 1889-10-11
TIE SPECULATIVE MARKETS
Wheat Again Bulled and a Lot OF
Long Stuff Sold.
MANY FLUCTUATIONS IN PRICES.
Corn Shows Up with More Firmncss
aud Activity-Cattle Values
Steady on Best-Hog
Prices Good.
CHICAGO PRODUCE MARKETS.

CHICAGO, Oc;. 10.--tSpecial Telegram TO
THE BEE Wheat was bulled agian o-day,
and on the advance large amount of long
wheat was sold out, but the market did not
react and closed 1s@l2S above yesterday.
Strong and higher cables gave the market
its first stimulus, and the story that some
body had a pointer that the COVE rnment re-
port would show 20, 100000 bushels less than
last month was not without its influence
upon the minds of traders, although the gos-
sip was absolutely without discoverable
father. Export clearances of wheat and
-four from Atlantic ports for yesterday came
in 442, 900 bushels, and that too, was bull
ish factor. On the advances to- day there
were also heavy covering of wheat
by beiated shorts. There was some
very loud and not little
very wild talk about export business,
but IL could not be verified except in modi-
fed form. New York and Baltimore are
sending out little No. 8 wheat, mostly for
South America, and Montreal is shipping
considerable quantities of hard wheat to
Scotch and English millers ana bidding for
more To this circumstance is due the firm
ness of the Dutch market, which went up
11Sc to-day. Minneapolis is also firm, and,
heavy as the movement is, there is active
competition for current receipts at Mime
apols and Duluth. The mills ut the former
are producing flour at great rate and the
stagnation IN the -four trade that is reported
here and elsewhere docs not seem to exist
there. There was a report afloat early of a
falling off in the demand for cars in the
northwest. This proves not to be the
case. The supply of cars is not nearly up 10
the demand. One correspondent wired that
the railroads can not furnish % per cent of
the number of cars that are wanted. Local
receipts are rather on the increase and some
Va,
improvement is likely to continue. mod
crate shipping demand Is reported for No.
wheat, which is now about the cheapest
wheat obtainabe. 1t is selling about l0c
under No. g and good judges say IL is in
trinsically worth within &c or &c of No. 3.
December wheat opened at SAC, over night
jump of sc. For time the price ranged AT
S9J5@s49sc and then it vent to
ssdGs We're sr s4a %p0F'sns
S416@S45sc, S41sc, s4s4c, s416c, Soc and S42lC4
sage, which last was the close. May opened
at S6Sac, sold up TO s65sc, back to S615c, up
to SIC, down to S61sc and up again to s19sc,
closing at the latter figure. October opened
at Sl94c advanced to $3.50 and closed at the
top. AS compared with yesterday the clos
ing range shows gain OF &c in October,
114@l3sc in December and &c in May. The
volume OF business was immense, the trading
was general, the market was strongly ex-
cited and nervous, and the interest in the
deal is manifestly widespread. The pit was
packed and janmed most of the day The
excitement at the last WIS very great and
eager traders did not dispense for several
minutes after the tap of the bell. Sales of
December were made then as low as S49sc.
The corn market was irmer and more
active, the shorts being induced to cover to
some extent by general talk about the COM
paratively low price at which the article was
now being sold. 1t was also helped by the
strength and activity in the wheat market
aud -hy, tho -hAuUy ahipmants from hcnco
The demand from shippers was more spirit
ed than of late and they took hold of No. 3
to-day, which for several days preceding
they had left to the spectators. Foreign
markets were quoted weak, but outside
domestic markets were in sympathy with
Chicago. The closing prices show an i'm
provement over yesterday of 4@ssc and
were: October, 3l@3lll SC; November, 81 &c,
and May, 3314c
Provision traders sustained a little
rest to-day from the October pork
in connection with it. The appellate court
will decide tomorrow morning the motion
for revival of Judge Shepard's dismissed
injunction. In the meantime the clique is
simply holding to it's former position. A few
lots of new pork, rendered on October con-
tracts, were refused to-day and sold out at
auction at S10.41h@l0.5). The straight
October delivery closed nominally
at 5000. In the general product
trade the leading feature was
activity. January pork was bought freely by
Hutchinson and others and IN other lines
tracing was reasonably brisk Prices were
well supported. January pork sustained an
advance of &c and October and January
short rib of 2l6c. November pork sold of
216c and future lard 2S(g5c. November
short ribs were unchanged.