Omaha daily bee., 1890-01-12
The SPECULATIVE MARKETS.
Wheat Rules Inactive and Prlcs
Changes insignificant.
FURTHER DEPRESSION IN CORN.
Trading In Provisions Spasmodic an q
h Feeling Nervous in the Ex-
tremc-Ho 20 and Cat.
tic Both Slow.
CHICAGO PRODUCE MARKETS.

CHICAGO, jan, IL pptClal telegram 10
THE BEE. Wheat was inactive and price
changes today were insignificant. Fluctua-
tons in the most active month on the list
May-were within limits of sake, Such
news as drifted in was not of the kind to
encourage special activity in any direction
aud orders from the outside world were not
numerous. May opened at Sl%c, sold up to
SEQ aud back to SlSSc, stopping most Of the
session on the split between SlSSu aud sla.c.
To use a well worn phrase, there was not
enough business in the wheat PIT to "wad a
gum The dullncss was dense enough to
cut with a knife ana so exceptional as TO set
commission men wondering If there was ever
going to be a change for the better. Nat
urally the discussion turned on ways and
means for getting rid Of the bucket shops.
a strong sentiment in favor of shut
ting off the quotations entirely seems
to he again forming, and but for the
fear that New York might turn itself. into a
machine for the manufacture of quotations
for bucket shops this heroic measure might
be taken. If tho Now York stock exchange
and the New York, Minneapolis and st.
l.ouis grain exchanges would JOIN issues IN
unquestlonably be done IN short order. The
precedent having been established, how
ever, OF punlshing people for being in
earnest in advocating measures for the ex-
tirpition of bucket shops, the incentive to
active endeavOr in the direction of reform Is
not strong. May wheat made ~ feeble squirt
right at the end and closed at S1a @SlJsc, the
outside price of the daS and u bare shade
above yesterdays close, January and Feb
ruary were stagnant, resting at the last at
I68+c and If3c respectively
The extraordinary mildness of the weather
was probably the most felt in the corn trade,
and its effect was tos further depress an al
ready oyerweighted interest, Diminished
consumption and freer movement from first
hands were both expected as the result of
the sort of ethereal hildness of the present
weather. With pausies now blosomlng in
the front yards of the operators who come
down to dealt in corn, few of them can summon
up courage to buy a cheap commodity, and at
the present low prices 1t tIkes considerable
nerve to sell it short, Under such circum-
stances speculative interest has dwin-
u duller state of affairs than
was observable in the corn pit To-Day could
not We'll exist. The foreign markets were "a
turn easier and domestic markets were also
dropping under the same influences which
effect Chicago. At the start prices were
about steady ut the previous days closing
figures, but while offerings were not partic.
ularly heavy thew were in excess of the de-
mand and caused a lower range, the closing
showing IA decline of &c in January and nc
III Way u uiNbt-biDh9 HWtIS SOIiC u
January and 3l&c for May,
Oats were more quiet and easy in tone.
The demand was anything but urgent and
there was further liquidating OF January,
which sold ut 204c. May was nearly sta
tionary at 22G22lsc, with a moderate in
quiry at the inside. Receipts were again
small and Withdrawals for shipment ir-
creased to nearly 5000 bushels. Cash trad
ing was chiefly by sample. No. 2 white for
May delivery was steadier at 238I0o231sc. &,
Trading in nrnyiSinpI Nnl sDasntOHip and
most of the speculative business done was
during the first half OF the session and on
call. The feeling was nervous in the ex-
trcmc, and had it not been for this fact price
fluctuations would doubtless save been even
smaller than they were, in view Of the gen.
eral dizziness. The opening figures for
futures were a lutte lower all round, the
weakness beng engendered probably by tue
liberal receipts of hogs and lower prices for
the same at the stock yards. Packers were
not very free sellers of the future product.
When May pork was quoted at 80. 80 for
sellers Robert Warren bid for 1000 barrels
and got pork, which was followed by a little
firmer feeling and q hardening to $9.92H@
9.05, but when that operator turned seller
the market Immediately softened again, and
at the close S9,e719 was bid, or sc
under yesterdays closing prices. Near
futures of pork shrunk 215c. February and
March closing at 81. 5212 and $685. respec.
lively. Nothing WAS dong in January. The
weakness in PORK extended to lard and ribs,
the former showing a loss for the day of
2l5c and the latter of 5@71Sc. May lard
sold from $3.02R@ i05 togethe! to S6.05 and
May ribs at 81 s5@4 Si15 together to a. 80.
Foreign markets for lard and meats were
reported steady and at New York deferred
futures of lard closed easier. There were
some New York selling orders for pork exc
cuted. Sales of the cash product publicly
reported were light and embraced lard at
So. S0Gl5. S2I& and sweet picked hams averag-
ing 10 pounds ct S5sc for May delivery. Most
of the trading was on private terms.