Omaha daily bee., 1889-08-08
THE SPECULATIVE MARKETS.
General Features Of Wheat Trading
Unchanged From Tuesday.
CORN QUIET AS 70 SPECULATION
Oats Experience Periods of Positive
DuIiness-The Tendency OF Pro-
visions in Favor OF Holders
Cattle business Active.
CHICAGO PRODUCE MARKETS.

CHICAGO, August 7.--TSpecial Telegram 70
THE BEE. THE general features OF the
wheat market were unchanged from the
prominent characteristics OF the previous
day. Dullness, inactivity and narrow Hue
tuations again prevailed, with downward
tendency TO prices. Apart from the news OF
the day there is an underlying feeling domi-
Mating the minds Of spectators that we
have an abundant crop of excellent wheat,
more than sufficient for our own wants, and
with enough surplus to satisfy all possible
demands upon us from abroad. Fluctuations
IN the active month--December-we from
Ss1fc at the opening TO 1Slsc within an hour
thereafter, and the ups and downs from that
time to the close were within A'c range.
The closing price was 7sA@7sssc, which Is
from &c TO nc lower than the resting
figure. The news afforded oy early bulletins
was In favor of the bears. The principal
factor was the collapse of the wet weather
boom in England, the weather being re-
ported improving to-day, and the Liverpool
market in consequence was quoted A@1d
lower. Late private cables yesterday fore.
shadowed bear dispatches to the board this
morning, but confirmation Of the fact was
the cause of the weak opening. Beerbohm
supplied additional comfort to the bears by
reporting an increase of 1895, 900 bushels III
the quantity on ocean passage, which, how.
ever, exceeded by $4,000 the computation of
the board OF trade correspondent, who fig
ured the increase at $50, 600, but even q
smaller quantity was fair bear argument.
Everything was lovely around the harvest
fields of the spring wheat region, and the
weather IN tho southwest was likewise favor
able TO the threshing of winter wheat Items
from which the bulls drew comfort were
no1ea nos waS,lng Ss The in bnr Ur'e faith Whsn whe
Is found in hopeful breasts. There wero
dispatches shown on the floor, said TO be
from reliable parties, which reported damage
Of IL serious nature from frost early IN the
week extending fifty miles south Of the Can
adian line Exporters were buying moder-
ate quantities in New York to-day, fifteen
boat loads being reported taken, and th6ee
was good inquiry for cash wheat here and
for vessel room, although the actual charters
reported were only 96, 600 bushels. The fore.
going appears to furnish fair amount OF
encouragement to the bulls, but, rs indicated
above, the bears secured the substantial ad-
vantage of u decline OF &c in the active fut-
ures, which is the view of the surroundings
most acceptable to the majority to-day.
The corn market was again quiet in the
way of speculation, and in the shipping de-
mand early there was much heaviness, and
the market sold Off some, but part of this
was subsequently recovered At the close
seller September was about Nc lower than
1t closed yesterday. The market was mar
row, howev er, and the range covered by the
fluctuations was only about 3sc. At the
close the feeling was barely steady.
Oats lapsed into quietude, with the regular
market at times positively dull Trading or
ders were not pressing and the feeling was u
shade easier, partly in sympathy with corn.
The possible exception was the relative
strength in December, owing to some orders
TO sell September and buy the month named,
with few sellers appearing NO. 2 white oats
for September sold at 24SSc. They were sub
sequently offered at 241l @Q24s1c. No. 2 reg
ular sold fairly well at 2O5sc.
In provisions the tendency is still some
what favorable for holders. Trading opened
this morning with Il feeling quite bulllsn md
the market promptly showed an advancing
inclination under the lead of lard. In the
last named article there was considerable
stir and also rather sharp advance. Porl
and short ribs were also IN comparatively
good demand for while after the opening
subsequently operations all around became
conservative, yet there was no marked
change iu the prevailing tone and the bes
prices Of the day were obtained at or just be
fore the ndiournment of change Based OF
yesterdays last quotations the days actua
advance in pork was bGo71Gc, in lard l0@121S
and In short ribs 2ll(DT1<c.