Omaha daily bee., 1890-03-22
THE SPECULATIVE MARKETS.
The Volume of Wheat BUSINESS
Continues Large.
MODERATE DEALINGS IN CORN
A Somewhat Easier Feeling In Oats
Provisions Practically Undis-
turbed--A General Advance
in Cattle Values.
CHICAGO PRODUCE MARKETS.

CHICAGO. March 2i.-l Special Telegram to
The BEE. .l-Chicago had big speculative
wheat market again today. The trading
possessed some very interesting features aDd
the volume of business was so large that in
dividual transactions were largely lost sight
OF. Tie three most conspicuous operators
here were all buyers. They were Hutchin.
son, Partridge and Cudahy. Hutchinson
was buying TO get the market up or keep it
up temporarily rather than accumulate a
larger line OF wheat. Partridge was cover
Ing Mt heavy loss. AS short seller he has
been standing out for some days with the mar
ket against him. His purchases today were
estimated at from 10Oo COO to 9, 600 600 bushels.
Cudahy was buying because he thinks no
secs the handwriting on the wall. None OF
his buying was To cover and perhaps he got
long wheat. 1t must not be thought that
the market was one sided because of these
three buyers There was tho usual selling
for the proverbial Friday break. There was
heavy realizing by houses With profits
ranging from 4 to 11lc in May wheat there
was selling by bears to short the market for
down turn after the early advance. The
advance of the day was made tho first half
hour. May opened Nc lower at S0asc and
went straight up to s116c or NC over all pre-
vious figures on the present move
ment. At l O'Clock May was
at size, the top price. The fight
from II u m. to II 80 y. M in the pit was
at 70N010}sc to SC@S016c. Within this mar
row range millions of bushels changed hands
Sellers thought with the Pardridge short In.
tcrest wiped out the market would weaken
Buyers thought that with fresh short IN
terest made today any bull news would
cause a sharp advance and u scare among
ht1 IN ar Mt MI lntlf hn
feature of the market was a premium of 2SEc
for May over july whereas two days ago
there was but 1Nc difference. June sales
today were at sos @S0aSc and July was at
CSC to 7S3s87S13c. The excellent weather
Offset the frmer feeling abroad. Crop news
was as conflicting as for the week past.
Shortly before the close wheat went up to
614c, or sc over the morning figure for
May: There was a good deal OF calling on
calls" at s0GS0l3c and then the market
closed at sl.0O June closed at SO11c and
July at 1S149TSHc.
There was no large individual trading in
corn, but the market was fairly active, with
considerable strength early and prices steady
at the close. here were no cars OF No. .
stuff. May sold at 30a3O16c. On the large
estimate for tomorrow, S33 cars, and selling by
Chicago elevator company against country
purchases. the price went back to 297sc but
the close was at SOC. Other closing figures
were: March 2S1Gc nominal, April 2D15c,
June 30a6c, July 3ll4c, August 3l24c, Sep
tenber 323sc.
The oats market, although fairly active,
failed to exhibit the life ard the large
volume of trading noted yesterday.
There was good buying by several large
operators, but offerings were liberal and
their wants were supplied. The feeling at
the opening was rather easy and prices re-
ceded slightly, rallied &c for May, but later
receded &c, and the market closed steady
at about the same prices as yesterday. June
and July were steady with fair trading. No.
white for May met with fair ademand and
sold at 2396c early, but later at 23ss@2314c.
June was rather quiet ut 2211s0Q239fc. The
demand for car lots IN store was light. No.
. was quotable az 2l19012l2lc.
The provision market was undisturbed ex-
cept for a little activity in lard. Pardridge
bought freely of this product and the price
of May went from s. 10 to S6.l5 Huthinson
sold aud the price went back to s6l2h at
once. In short ribs there was liLte change
except a slight decline at the, opening. May
pork sold NJ $40, 0,45@1047J9 and back to 45
at the close. The cash transactions were
fair,