Omaha daily bee., 1890-07-08
ITE SPECULATIVE MARKETS.
Wheat Eccentric, Marked Bya Wide Range
Of Prices.
A SENSATIONAL ADVANCE IN CORN,
Deere Sc i'm the Visible supply of Oats
"A Fair Advance in the
Prices OF Hog Pro-
Financial.
SENSATIONAL ADVANCE IN CORN.

CHICAGO July 7.-ISpcclai Telegram to TnE
BEE The wheat ma rket was an eccentric
one today twas marked by n wide range Of
prices, some heavy trading. some buying by
fright of shortsJs selling by bears on advance
and was altOgcthcra rousing market. There
was sharp opening with prices way up from
lastwcck The reasons we're numc crOus for the
strength, First, the foreign situation cOntln-
uedas strong as IL was last week. With cables
higher and reports general on too much wet
weather Second, the first dispat ches from the
northwest and higher temperature were en-
dangering spring crops, Third, dispatches on
visible supply indicated IA very liberal de-
crease FOR the week Fourth, the higher pub
lie cables later In the day and sudden buying
by Hutchinson, with scalpcrs on
the run. There was slight
drop from first prices on the
free selling OF Bloom, Pardridgc, Rcam and
many followers but this was more that Offset
before noon by the sensational hot" dis
patches from the northwest, mixed with tales
tornado said ty have wiped out Fargo. The
visible supply lyproycd Disappointing with only
was as follows: July sold Ssisc tOS1'Bc to siilc
sOasc to Wr; September lOi4c to S0bo to Ole to
OURC to VI &c; December 9llac to 0lC to 92llc
to OlSc tog2fic. stocks in the country eleya-
leaving l0SD.UO bushels. The wheat market
touched the highest prices shortly before the
close as IOIlDWS: July SVr August N'Rc, sep
tcmbcr OIi4c and December "2&c The last
prices were: July ssi sc, August 0Bc, SeptGm-
bcr0OIic and DcccmbcrG2l lc.
There was Il wild opening at higher prices in
corn today aud further SCnsat ttOnal advance
before the close. The interest at first was
equal TO that in wheat, curb was higher on
outside news Saturday and this morning the
feeling was still more bullish. The dry spell
in the southwest continues unbrOlIcn and St.
Louis made sensational jump of cents
early. This market star cd lc up for carly
months and lsC up for September at 31c.
There was some free selling ON the bulge
which took September to ;6'5c, the bottom for
the day Moderate buying carried the price
to&iac ut noon Later st. Louis bought corn
here, the country bought, New York bought
and the shorts took fright and little Offering
close at &c.
In oats as in other cereals, there was de-
crease In visible supply 1t amounted to al
crease In stocks of the country had little effect
anywhere today. The influence which caused
prizes tOmoye up was outside buy ing and the
running OF shorts. N no pit was the Offering
of grain liberal after the first half hour and
this helped the advance. July oats sold at
Pic and 2S%c, closing at 2sl4c. or &c higher
than last week; August SOld at 21c to 21'sc;
September Tlac to pc to 21Sc &C, There
was a very sharp advance In May oats near
the close, when the price. which closed last
Thursday at 29l5c, went 3OAc and closed al
3OHc.
III ere wasa far,adyapce in, the prices, o
TiaC for ribs and lard aud DC in pork. POrl
was very dun, however, withJuIy at abOu
sl2.35 and september between Sll10 aud I'll .s0
tcmbcr; lard s. .;O05. t2H for July and S595l
for September. The little strength va
cAsily traced to two causes: First, prices o
hOgS at the yards were up lOc to l6c on III
aud had its effect ON provisions. There wa
nOunusual trading and the market was dul
before the close. The last prices on prov VisiOn
F for Sc ptenber were Short ribs 50 81 u Sigh
additional advanced lard. $500; pork, Sl170.