Omaha daily bee., 1889-10-10
THE SPECULATIVE MARKETS.
Wheat Active Within a Healthy
Range Of Prices.
VIEWS IN FAVOR OF THE BULLS.
Corn stiil Continues in a Depressed
Condition-Provision Tro ding
y Little Siow-Prices For
Cattle Higher.
CHICAGO PRODUCE MARKETS.

CHICAGO PRODUCE MARKETS.
CHICAGO, oci Especial Telegram to
THE BEE. Wheat was active within n
healthy range Of prices and values moved up
about lc. News rather favored the bulls to-
day. or 200 COO bushels of wheat worked in
Baltimore for South America, 10000 bushels
went out to-day and New York reports any
where from twelve TO seventeen loads
worked there yesterday afternoon and this
forenoon. Montreal reported the engage
ment Of ocean freight room for 10000 bushels
of No. ! hard wheat for shipment, and
accompanying the announcement was that
more would have been bought il vessel room
could have been secured Gables averaged
better, and judging from the activity Of
houses in the foreign trade the old world is
taking lively interest 10 futures. The
largest buying to-day was generally believed
TO be for account of foreigners, Hutchinson
doing the biggest selling. Ho put out some
where between 125OO00 and / $50, OOO
bushels by the pit estimate and yet
the market advanced in the face Of
his offerings. No change IN the situation up
north can be detected. The movement is
still heavy and wheat keeps coming forward
fest as the railroads can carry it. Chicago
mlNeTS anu ClCanerS at9 EetUllB uuelT snare
of IL, and the inspection sheet this morning
showed 36 cars out of l9S of all kinds re-
ceived as from Especial houses" The wheat
that is coming in is grading poorly, but some
improvement over the quality of receipts up
to a few days ago is noted. Toledo reports
that decided improvement is shown in.the
receints there. The winter wheat move.
. ment everywhere is light, however, and
there are well-detped indications that the
amount left IN farmers hands Is not up to
popular expectations A gentleman from
Sangamon county, this state, who was on
'change this morning, says that the farmers
in that county have not enough unsold to
feed them. This is one of the fertile and rich
counties of the state Higher prices may
bring out car loads, however, where bushels
were not supposed TO exist. In any event
the market is very strongly supported
strongly bulled may be a better phrase. In
discussing wheat this afternoon an observant
trader remarked that "while the general sit
uatlan in n broad way is bearish, and every
body sees that 1t is bearish, they can also
see that the market not only does not de-
cline but that it actually advances. This
nds 20 encourage trading, which would not
otherwise be, and constitutes what con
slider rather dangerous market-a market
liable to big and violent fluctuations. " This
view has been frequently expressed in va
riety Of ways py many men on the floor
lately. The local market was rather quiet
sion, with December ranging at S29s0S3c
and May at S5l6(0S5l6c As on yesterday,
the battle was around S3c for December. One
of the early factors was the estimate by the
boards LONDON correspondent of decrease
OF 800 GOO bushels in the amount on pas
4 sage. This was so startingly out of line
~ with Beerbohm's figures that an inquiry as
!. to ITS correctness was set on foot and near
! the close Of the session the estimate de-
w. cre"sed. These corrections had no influence
as depressing factors for the reason that
when posted the market was scoring for a
little bulge. The last half hour was the
busiest aad strongest period of the day. The
market was very active and an advance was
scored, December going to S3@Gc, May to
$500. and Octoper to size. Last prices
were at the outside, gain on the day of
sl1ic, May making the most Improvement.
Ihere was no relief from the depression
which lately distinguished trading in corn.
The continuance of the fine weather more
than Offset the moderate receipts and the
feehng OF superabundant supplies ready to
be poured upon the market effectualy dis.
courages any buying activity. AT every
stage of the decline some shorts attempt to
cover, thereby infusing temporary spirit
into the market, which, however, soon dies
out and leaves business TO its former dull
monotony. The foreign markets are taking
less than they had been doing during the
summer months and shippers 10 domestic
markets are likewise inclined to go slower.
The closing prices We're: October 309sc,
November 3OAc and May S21sc, which
vember, with October and May unchanged.
Oats were active in speculative way, but
weak within a narrow range, interest again
centerlng in May. There was little or no
disposition to invest in this property at
recent prices, and liberal quantities of long
oats were again thrown on the market, with
May declining L to 219l and later ruling
trifie steadier. Near futures were neglected,
with the exception of No. 2 for delivery this
month touching lSl5c, while December was
dull a. about &c premium. The receipts
were large, with moro than 200 cars expected
Tor tomorrow. No. in store, or to go there,
sold at 1SsS6lS1Sc, with cash transactions
chiefly by sample.
The provision trade was a little slow.
General speculation suffered a noticeable
restriction, while in October pork there was
no unusual development A few open trades
We're made in it at Sl0,0O@l0.25, and under
the GQles of the board 1000 barrels or so of
new pork were sold out 'for account of whom
it may concernn at S1032l3CQlO40. The
than yesterday. The boards attorney filed
this morning in the appellate court his
answer to the clque's motion for a revival
of Judge Shepard's injunction. The court
will probably consider and dispose of the
motion at an early day. In some quarters it
Is still believed that the deal will be COM
promised and settled before the close of the
month. The clique ls evidently disappointed
Win the outcome OF its squeeze and IS doubt
less open for proposition from the
shorts 10 scratch the trade on
Its books. The short interest remaining
unsettled is estimated at from l25, 600 to l50,
600 barrels and the average price around
$1,000 In the general market the feeling
was quite strong Prices IN their tiuCtua-
tons were kept within small bounds and the
changes actually made were limited, Com
pared with yesterday the closing showed a
net ADVANCE of &c on October aud January
pork and 2l6c on October and January short
sibs, October lard declined Sc and Novem-
Der lard 219c. January lard was unchanged
CHICAGO LIVE STOCK,