Omaha daily bee., 1890-09-25
THE SPECULATIVE MARKETS.
December Wheat Sells Below $l00 for the
First Time in Months.
CORN MOSTLY WITHlNA HALF CENT RANGE.
The Strength IN Oats Dwindles Away
Produce Repetition OF
Yesterday-Live Stock
Fairly Active.

CuIciGo. Sept. 2i.-lSpecia Telcgram m TO TUE
BEE.1-Wheat sold below sl.OO for December
today for the first time In months. The sur
prise was that, having pass thcdollar mark,
stop loss orders did not carry the price to O0c
or below. That this did not occur was taken
as evidence of pretty well llqudated mar
ket. Another evidence that there were few
great lots OF wheat hangln over the market
was the dulncss and lndl ference which fol-
lowed the break. The early weakness was a
continuation OF the decline which setin be-
fore the close yesterday on dispatches from
the northwest saying that ithe spring wheat
movement will be very much increa scd The
price Of December started at &c or at S1.OO4
and by a scratch touched si0O when the
Duluth cars were wired at 1876 for the day.
This called halt in selling and prices rallied
toSl.0OS Selling Of long wheat was resumed
on the bulge and bears helped It along. and
at III o'cockthc price was or to Sl.O0 again
About this time figures were passed around
showing that Russian sh pment S the past week
were very large-four times the amount
shipped the same week year ago. Second
Liverpool cables came l&d lower There Were
stop-lOss orders as soon as 81 was passed, and
altogether the price was easily and quickly
run down TO o09asc Minneapolis cars came in
at 2i7, making but 403 cars there and at Du-
luth-a light showing. The price of Deem Der
recovered to Si0O. During the hour which
followed the price was down and up with "a &c
range from 009sc to 09bc, with no decided
tendency to the market and tho pit dull. Up
10 O'Clock the action was: December 81 .OO4
20 SL0Oto $l.OOIS to s1.OOS to S1.0OS toO0aSctJ
et00 to 90a6c to 00Sc tot 0DHc to 99Ic. May sold
at Sl.0ia to sl.04H to s05ss to SlOil4 to $1.Ola4
to .lOiA to SlOi4. The export clearances
were again trlhing New York cleared
nothing and Baltimore but 5000 bushels Of
wheat and 5000 barrels of -four Toledo re-
portcda u couple OF cargoes OF 10000 bushels
sold to go to eastern milicy. Duluth
reported. 100000 bushels sold for eastern
shipment. 1t was given out that Baker had
worked $1,000 bushels OF cash wheat here. A
letter from M Minneapolis TO Chicago claims
that the wheat in Minnesota and
the Dakotas that would grade No. in
Chicago will not be sufficient to keep north
western mills running Altogether II was Il
question with n good many why they were
selling wheat for Dccem Der under LOO, There
was another bear raid in the wheat pit just at
the close. Farnum was selling and got the
price OF December to the lowest figure again
at W3c. September was largely nominal, but
slOi and closed at slOil6 Vessel room was
taken for 6O'OOO bushels of wheat today.
The corn market was within fc range most
OF the session. The opening was given at 50lsc
by Others, but the first half hour worked the
price of May from SOC to 5OAc. This was at the
time when wheathad It's early bulge and when
Il was circulated among the trade that the
Rock Island had announced thatit would not
feuucc ltS rates, put there was nothing to keep
prices up when every hing else was going
DOWN Receipts were AIS cars. Shpm ents
were very moderate Ht 2S0.OO0 bushels Liver
pool was Ead lower forspot aud future. There
was little corn clearing from Atlantic ports
less than 100000 bushels from all ports. The
weather was most excellent for maturing the
crops The Farmers Review had comment Is of
a bearlsh charact The decline started
about IL O'Clock and the price of May went
from bO4c to 1880 witha slight rally. October
sales were at 4Sc and down to A. Sc, recove ring
TO 47aic. Corn continued heavy to the close
May touched the low point OF the daya at 49Ac
just before the close. Last prices were: Sep
tember, 41Sc; October 47ssc; December 413c;
May, 49aic.
the strength in oats which has bee N m king
shorts uneasy for few days diSappe ared
today. The market acted with Others en-
tlrely; The opening was steady, followed by
asmall advance aud this by u decline to the
close, last prices being the lowest of the day.
Septembcrwas at ;SSc early and of to 3shc
Hhc, up to 42c and off to 41Ac at tn close.
Thomarket for hog products was much OF "A
repetition of yesterday and business was
lighter and declines smaller, Everything in
the pit started heavy, but for u few M inutes
there was bidding sufficient to put prices up
to last figures OF yesterday In lard and ribs
and q few cents higher for January pork.
Weakness marked the market to the close
when the losses for the Gay Were sc to 1oc all
around. January sales wcre Ribs, IS 62l.6D
665 OF to S572, closing Mt $500; la I'd, SO. 50 to
W.40 to S6i2H; mess pork tSI15O to $1I. 60 to
Hl As to Sl1.50 at the close. Armour was n free
seller OF lard. Wright Singer and Cudahy all
sold stun. Support was scattering.