Omaha daily bee., 1890-08-23
THE SPECULATIVE MARKETS.
Local Operators Try to Shape the Wheat
Market, Causing Much Action.
CORN NOT VERY BROAD NOR VERY STRONG
y Oats Narrow All Day ay-Proyisions
Strong and Active-Cattle and
Hogs-Thc Danger Line
on Money Passed.

CHICAGO. August 22.-Lspecial Telegram to
THE BEE.1-Whcat had n ch cckered course
again today and up TO to'clock the action
was mostly within l1ac range. Prices were on
Il higher level than on yesterday owing very
largely to the jump which the market maze
just at the start. There were many Influences
at work ON both sides Of the market and much
OF the action was due TO attempts OF local op-
orators TO shape the market Trade appeared
to be pretty evenly divided and news camothc
same way. This held until late In the day,
when the sentiment turned strongly on the
buying side, ana best prices were made,
feature of the morning was the bulge M the
start on cold weather in the northwest, The
weather map showed killing frost In parts
OF Manitoba, also at Morehead Huron
Which o'Hp wfs At at" Ssii.O7ss at the close
yesterday and sold lc under that price on tne
curb, opened with great furry at sIWSW
les September was around SlOi and May ~
sil2 or better Bloom & Linn plunged In, solo
freely and sent prices of &c; then attGf per
iod of duIlness there was enough selling bv
Hutchinson. Logan & Co., Andrews, ana the
crowd to put prices down to u .0r. for seplem-
bcr. siO7 for December and Slll!i for May
These were the low, prices OF the daHi RON ron
1lo'clock on news became more oullIsld uaHd n'nu NM
thorty in the northwest claimed thaI ,.hy n,HHhy
fields were yet in shape to be c%auEh1 eau Dy 'nS NE
The North Dakota wheat which looked an
right was Weighing from the thr9shcrs bnt
aronnd Ia stlcton, H. D. was counted at twenty
bushels per acre, but was thrcshing out about
eight bushels. The cables, when were SIMPLY
finn early, became strong later and Liverpool
closed I'D up al llarOund, Minneapolis reported
interior mlcrs demanding ,n new wnoaS; ~ y to to
Sl.0iai drop cd back to SlO''4, rose TO slVS al
1880 y. nj. and then on the best strength OF @ @tne
day rose TO Sl.OSl4 before l O'CLOCK. Othel
months advanced with December, There was
good strength in wheat 70 the ci05e A9E9st a GGi
cloSi up nj 81 OJ; December touched Sl,OSHt
closing at $losh May touched sil3just at the
There were several things to help corn to.
day but the market although very active al
times was not very broad nor very strong a,o n
most of the action up to thirty minutes ri ln'
close was within less than Ac range IN Iwt wv,
leading months the September and May ranS' ,,.'
ures yesterday-that is, prices went about a.
far under early as they rose rmmcs mD"N'
was the cold weather: this did not touch thu
corn belt, but gave suggestion to iho TRAD,
OF what may follow Then the receip,Si wGf tS
more than fifty cars short OF the cStlhl;ite
Again. the outward movement was IlDeril
with shipments of $4,000 bushels Addc9 in m, u
bcarlsh influence of the early market was TN
selling by Partridge and Hutchinson. Later
when wheat was firmer, Comstock, Appegat
and others led the good buying, which resu; te,
1osscto 4Dlsc to Io9sc; October, 4075c to 50lac t
to 4glic to SOC to 40 7sc to 5OAc May, 5jMc u
S}l4 to 53isc to 53asc To 532ic ut o clock lhcl
was no spccialncws in corn the last IL IL i u,
was up and selling on the decline. Closln
prices were ACto 9gcunder the best NJ urts ih
almost on "A level with the close yesterday
August was up to 49ac and closed a, at " W &c &c
September 404c, closing at ioac; octoDC
closed at soc; December 5O4c; May touche
=. b;}B@5!c and closed at 13Sc bid May corn
= curb was at 5IGc. :, ,
The oats prket was narrow all day an
there was Il <, d demand for August or cas-
oats, which kept the price for the month 4
37lic although the nominal price of 9,c wa
quoted at one time when other months q,
clined. September sales were at iO7ic to JOY
t. Ghc to 365ic at the close. There was
brisk trade in May oats early at iOhc 70 ~ q,
later the price touched 30ac recovered to n
and closed at 30Bc. Logan u Co. sold May
Counselman early. $4,000 -, -
The early dispatches gave but $4,000 hogs n
ceiycd at the yards and prices 10 to 11c up
n strong, active market. At the same TIN
corn was higher on colder weather and thes
Influences started provisions strong al
higher. January pork, was up p, full, iX, 2oe SS
SI2.72h and after touch ing $3.50 sold OF
Sl262% and closed 15c up for the day at Sl2, 6ll
May Si3,35 Lard closed firm ana slight
higher at S6:}2H for September and S6.NIgWe.
for January. Ribs sold SC higher early
s8.O5 and closed at S6.0219 for January, WI
Scptcmber at 5.42H.