Omaha daily bee., 1890-05-23
The SPECULATIVE MARKETS.
Wheat Strong, But Not so Active as on the
Previous Day.
CROP NEWS VERY CONFLICTING.
Corn Shows Good Strength all Through
the Session Weakness in the
Provision Pit Cattle
Slow.

CHICAGO, May 22.-tspeclal Telegram TO THE
BEE Wheat was not so active as on the pre-
vious day, but there was big, strong market,
nevertheless. The opening was steady. Then
there was n bulge OF iiic to 0jllc for July. This
was followed by drop Of nc to 05Ac. A Sec
Dnd bulge about noon carried July To gdisc and
this was followed by decline to o51Ic before 1
o'clock May and June were nearly neglected,
but quoted In advance at 06iAc. There was
more than the usual trading In September and
the price was advanced during the forenoon
from 02aic to 0i3Sc. There was no sensational
news and there more scalpng operations by
by big and little than for many days.
There was less attempt at raid
Ing the market than yesterday and less
short interest to get frightened, Crop news
was very conflicting. ST. Louis reported Mis-
sourl conditions Mt from 80 to 90 and Lind
Dlom's brother wired from Kansas that there
,ould be but part OF crop there. Milwaukee
houses had Kansas reports saying that the
,tate VIII yield good crop. The Price ice Cur. hdo
been no material Improvement anywhere, and
worse reports from some states In early trad
Ing Logan & Co. sold, it was, said, for the st:
selling. Robert Warren & Co, VIC. McCor-
mick & Go. and ,Helmhoz, were the bes-
buyers The crowd followed the buyers ant
gave the market ki .an nDtnrp; late, Later In the
taking July. The report of fifteen, boat loads
taken taken for export az New York today
at 95ac. Wheat was very active to the close
and the strength was maintained during the
last half hour. July sold at 0519GI95bc and
closed mt 05Bc. May changed even with July
during the day and closed at O5bc. June was
at a premium and closed at 96c. Other futures
sold: August up to 01Ac, closing at G1ac Sep
tember to l5bc closing Mt 0iac; December
closed at gAc. Wheat was excited on the
curb July sold as high at 06Asc, Puts sold at
bacG105c and calls at Hlll10sasc.
There was good market for corn all day.
and while the large receipts-1iS carS-caused
slight decline early, there was good re-
covery and the closing prices were within isc
than yesterday. Receipts graded well giving
over GOO cars OF No. .. The best selling early
was by Barker and Jones & Kennett. Later II
Jones house bought July and sold September.
Tickel and Bartlett Frazee bought as II for
Hess. Late in the day Hutchinson was
sS@2Ac under July, closing at, 3lc. July
phsM3s4c. August sold at 35Bc closing at
35l4c; September at 35Gc. closing at 35l80D's5Bc.
Oats were closely watched today, but there
was not great amount OF heavy trading;
closed at the top prices OF the day. May went
from S9sc to 2sa4c, June from 27}sc to 27ac, and
July from 26lic to 21c, while August sold at
HpW2456c. Libersl receipts, including 243 cars
OF No.2 grade, caused the market to start
moderately, and the taking of nearly 100000
bushe svessel room may have helped prices at
the close
The provision market was weak all day and
nj the close short ribs were &c lower AZ S5.31%
for July. Lard was off at $6.12la for June and
fG.224 for July. Mess pork sold Off early to
$3.50 and recovered to Sl3.05 at the close. The
large run of hogs continues ut the yards. with
10000 received an 12,O0O left over. Packers
lending N m