Omaha daily bee., 1890-09-04
The SPECULATIVE MARKETS.
Wheat Surprises Traders by Taking Shoo'
So Right From the Start.
CORN CHANGEABLE AS THE WEATHER
The Trade i'm Oats Holds its OWN
Feature OF the Provision Market
the Buying ofPork by
Hutchinson.

CHICAGO, Sept, 2-[Special Telegram to
The BEE. lWheat sold ut .he highest price
OF the day few minutes after the opening,
when December touched S0J1i and May
sL00a. These prlceswere exactly lc over the
close last night. The market started with
much force and activity at about lic over last
night at s0o for December, and while small
shorts were being run I'm and bull houses were
bidding for whea1 ithad every appearance Of
good bull market There was some reason
for early action, too. Gables came Fl rm md
slightly higher oh unfavorabo weather
abroad. The weather chart CON
hrmed dispatches from the north
vest saying that ali spring wheat
states were deluged with rains that a Il stack
ing and threshing were stopped ana that
dan"ge must follow. While receipts here
werea few cars over the estimate the move
mcnt TO both spring and winter wheat IN ar
kets was small enough to be bull argument
The crowd was bullish while This little, ad-
cause of free selingof long wheat BY Bloom,
BrTosseau futile and slnuil iler' followed by
%tS mere Of was the shor shaEe 0 OIL S the
way. The offerings were not taken except
at concessions. Prices started down
almost asquicly as they advanced and long
before neon December was back to the dosing
prices of Yesterday at sl4ai about middaya
Irwin, Gf:en Co, MiImino, BOdman& Co.,
baldwin Famumand Others, followed by
Ss s t Ur' abroad %Ss lover ci"
Pioneer Iressas authority FOR a liberal estl-
the selling. Therowere no export clearances
either at NcwYork or Baltimore. On this
fte for shnPby se
yestclday andgs or from the top prices Of
the morning. The eat market did not IN AXE
any recovery from bottom prices. Sales OF
December were clamedat sLGIqs and Mayat
December sl.Grs and May sLO7ls, There was
too much long wheat coming out allday on
bull news to expect anyrally
The com mar'et is as changcable as the
weather, The prospects of frost one day
causes buying and helps prices; excellent
tho '' crowd %i' to o. sSfl out R What '"HHeS they
bought on frost talk. Other influences are
believe in SOC and GOc corn ateras thew be-
lieyc in iOc corn. The market opened today
viii prices S s+s to &c on from last night and
There was general selling out OF corn bought
Yesterday, This carried September down to
close yesterday; This was the first hour; then
GRnr ml!iSd ed and sod atS for Sep
York and a special demand for the month
from certain local houses, but a, good
portion OF the trade kept on selling all day
and before 1o'clock September went OF to
45'ic again and May to 4sqac, the low point up
tomorrow 5;i5cars. LIBERAL T estimate Brad
streets decreased available stocks east of the
rockies only 0DO,OUO bushels last Week,O about
the "ecrease shown by Oh icago alone. Ship
menUS were 10000 bushels. There was an i'm
proved feeling in corn at the close but 1t came
too late to cause any rally. Early months all
c'Osed at the same price-i5Ac for September,
October Novem Der and December. with May
90 1T sac, with ISssc bid on the floor after the
close.
There was general picking up of oats early
= by brokers representing houses short on the
market. This gave the market an upturn,
even IL fter whea and corn had started on II
decline. Later in the day, when the decline
was sharp inleadng ma r<ets, oats mere y lost
thoearly advance and closed steady for May
Rnd a fnctiOlL igber for the early months
Counselman bid for oats early, SimonS and
Ellison were buyers also; September sold at
ab1sc to6ad to 35sc at the close: OctObe 7 IS &C
to Dsscto 35Ac; May Sl4c to ;iSac to3saSc
Carly dispatches from the yads gave
1890 hogs received and better prices
forchoee let's easier for Others. With this
market strong. and at slightly better prices
= was buying or bidding for pork by Hutch
patches gave the hog market strong and
higher, with receipts increased to 2l5Ji. Jan
nary pork sold at sl2.02H upto S22O, Off tc
sl2.00 and closed at SI21O. September pork was
bid up to $l035, with the best sale at $40. ..
short before the close. Lard sold at S625 for
September, S6.;Io for October and sl72h for
January and closed at S22R s5.3jand 20
Ribs were ~ to &c higher at b. EI8 for Septem.
Der, $o47h for Octobera and S5.Sj forJanuary
Offerings were very light early, but packers
sold N rod \ N IA m adv mos "a IN