Omaha daily bee., 1890-05-01
s.=s=I ISpr -
THE SPECULATIVE MARKETS.
An Excited Opening in the Wheat Pit Ac-
companied by Strength.
CROP NEWS OF A BULLIsH NATURE
Corn Fails to Show Any New Lines OF
Business-Much More Force to
Hog Products-Cattle Ac-
tive-Hogs Slow.

chicago April 3O.-tspoclal Telegram TO
THE BEE There was and excited opening In
wheat today and the activity was accompan-
led by strength. The opening in July was at
sGidGsGlic, with little TO be had below s5Hc
The action OF the market up to I o'clock was
as follows; July sold at sGlsc, up TO s7ac, on
To siitc up TO s196c, of TO s7sGs7i4c, To $50
SIC, to size. May sold early at SyiiGJsgc and
June at SSGSSsac, reacting later with July.
Several Influences conspred to make a big,
strong market early. Crop news was OF "A bull
fsh nature, confyming many OF the worst re-
ports made heretofore. Extreme dry weather
with high winds continues In the northwest.
An OlIcal cabegram gave $4,000 bushels de-
crease In wheat on ocean passage The Farm
ers' Review makes Its estimate on the condi-
tlon OF winter wheat 40 per cent against 81 per
cent month ago. Along with all this bull
news the outside sent buying orders. Commits
Sion houses were busy filling these orders at
the start. No wonder there was bound 10
s7asc the first half hour. Later in the day ex-
port clearances proved to be 10000 bushels OF
wheat and about 10000 barrels of -four from
Atlantic ports. Bradstreet's makes the de
crease on available stocks east Of the Rockies
that country millcrs in the northwest are buy
ing wheat from country elevators. The sig
nal service predicted lower temperature for
Louis were buying wheat In this mar
ket. On this Influence July went to its
high polnt-S75Ec That IL did not 90 1c higher
was partly due TO Hutchinson selling somc-
thing like 2,000,O00 bushels OF wheat during the
day. The best strength of the day In wheat
was just at the close. There was eager buying
Of june and July. They did not want May
NdeIlvcrcd to them, so that closed at soc, while
, June went flying to s91ic and July sold at ts7l4c
and closed at s14sc. On the curb one hour after
the close on change July wheat was Mt s7aS6D
s4c. Privileges We're: Puts, SIC; calls, eoasD
SsRc.
The corn market did not show any new lines
OF business. Trading was largely changing
from May to June at E1lc difference. Light
deliveries are anticipated and this mad the
3iSc, to 32i4 a327sc closing Mt 32ls@:pl4; June
sold at Si51c, closing at X asG2ic; July sold at
5sgRAc, closing ut JilsU3A; September
closed at U5sc.
The oats market closed with more snap than
II had most of the session. There was very
fair advance in prices at one time, with May
at 43sc, June at 24iic and July at 2ilsGl244c.
The closing prices were generally 1-l6c under
these figures, May sold carly at axe
There was much more force to business In
hog products today. Fear of labor troubles ut
the yards seems to have subslded little and
the trade took hold in better shape. The ten
dency Of the market for all products was up
mess pork 10G6l5c higher, with May at 1890,
June at sl3l2H and July at Sl3.2is. little
change was made in these figures late In the
day, when May went to sl3.2J June to Sl3.45
ana July TO Sll50 Just before the close May
was offered ut sl3. 12h and June at sl3.i0 with
out takers. Lard on moderate business went
UP to s630 for May $685. for June and s6.45 for
$3.50 for July. The closing prices for July
were; Ribs, s5.52ya; lard, sG45 pork sl3.:5.
Ribs were bid up just at the close and pork
Was offered to make lower closing prices.