Omaha daily bee., 1890-05-16
The SPECULATIVE MARKETS.
Both Bulls and Bears Take a Whirl at the
Wheat Pit.
GOOD SUPPORT GIVEN TO CORN.
Trading in Oats Quiet with a Slight
Upturn at the Close -Narrowness
In Provisions - Cattle
Rule Slow.

CHICAGO, May tj.-[specal Telegram TO The
BEE 1.-THE trade IN wheat had another unset
tied day and both bulls and bears had n fair
turn at the market There were two features
TO trade-thc weather and crop news and the
attitude OF large local dealer, who under
took 10 control the market. The market
opened very active and strong. with July up
nearly 1c over last night The start was at
Rbc, and after selling at 025c there was a
drop to G2c, recovery to g2Ic, a further
break TO 0i1lc and n strong rally to O2lsc be-
fore o'clock. There was an abundance OF
crop and weather news, and IL was generally
bullish Dispatches showed that over the
spring wheat country 1t was dry and
cool, with the temperature below 40 In
many parts OF the northwest The
Price Current said there were 100000
acres ot winter wheat plOwed up and n prob
able crop OF 2ii,0yOOOO bushels, compared with
a2O0OOOO bushels last year. The Farmers
Review said the conditions were very poor
over thirteen states. The early action OF the
market was surprise to Hutchinson. who
spite of his bull talk, was called by good
judges short Of the market. He became
strongly opposed to the advance and checked
Magin also sold 100000 bushels. Ills efforts
were regarded as intended to break the mar
buyers were Walker Il CO., Bloom. W.
!o,d Baker 6a and ,L s909 fh0iIi@wGg foley Many
sold, making reaction very natural,
Export business attracted little notice New
York cleared Just Gs,OOO bushels and that was
ali OF any Importance. The market had a Won
dcrful bulge the last half hour. Parker
bought for Hutchinson heavily from 92Iac up
to NC and the price touched G}isc and closed
ut J1V3c, with May up to Wtsc and June up
TO b9sc at the close, August s9aic and Scptem-
Der @ltc.
The corn market was well supported today,
considering the load IL had To carry Tho
opening was firm, active and at higher prices.
July was at "a sc, or i4c up from the close on
this strength Baldwin & Earnum unlOadcd
perhaps 1O0O.OOO bushels, supposed to
be for Hutchinson. The buying was first
class, and Blackman, Aldrich, Hunter and
Others absorbed great quantity. The mar
ket yielded but n lac to H&c, recovered to
BIsGp4 sc, sold again at 34asd:aI5c aud closed
at IA &C, or sc higher. May sold at "a a6LsAi4c
ana June at HngiBc in "A narrow range. hu-
gust closed at Zoe and September sold at 3lA19
receipts for the next thirty days had a de-
pressing influence.
In oats trading was quiet until near the
close, when prices took a slight upturn with
wheat, First prices were at the closing fig
ures yesterday-May, 21c; June. 25l4c; July,
26l9c for June and 2Glsc for July. May touched
2sc.
Provisions were very narrow again today
There was no outside business. Prices of hogs
were again reported 5C lower at the yards and
after the opening the prices of products in the
and July sold at N.4O and SG.37Is, opening and
closing at the former price. Pork was or to
tl2tJ FOR June AT the opening and closing and
July sold at $3.50, Sl2.s5 and closed at Sl2S7la.
July ribs started at S547ls, sold shade under
at b451h ~ sand closed at the top-s547Ia Ia@j50,
Fowler sold lard. Hutchinson sold ribs carly,
ana the buying was general.