Omaha daily bee., 1890-03-08
The SPECULATIVE MARKETS.
Wheat Unsettled All Day and
Closes Heavy.
GOOD BUSINESS IN CORN.
Oats Quiet aud Easy Nothing of ANY
Consequence Doing in Provi-
sions-Cattle Slow
Hogs Active.
CHICAGO PRODUCE MARKETS.

CnICAGo. March - Special Telegram to
THE BEE. The wheat market was unset
tied today and heavy when dull. There was
very fair buying at times and prices re-
sponded readily, but each time settled back
when aRgress i've buying ceased. There was
no special selling pressure early aud May
opened at the curb price OF 7S55c, or Nc
under the close yesterday. On show OF
buying by Partridge and some bearsh crop
dispatches the price touched 755E81s2lc, the
best figure of the day. On selling by
Schwartz & Dupee, Chandler Brown, Jones,
Kennett aud the crowd, the price went off TO
IsHsmiSHc. Lindblom was a buyer around
1SI4c ana w. G.. Mccormack & Co.. Logan
& Co. and Robert Warren were fair buyers
later. There was q rally to TS55c, at which
point Hutchinson turned seller and stopped
the advance, and on the dullness which fol
lowed the price went off again to 1S4c, with
- third little bulge to ioi3c before o'clock.
Cudahy was u seller at the top and buyer
at the bottom. Jesse Hoyt was reported
as buying May heavily at New York.
There was no iulpartant news for the day.
Field, Lindlay & Co. bad dispatch from
Kentucky saying that the wheat fields were
black and damaged, and Jones & kennett
had the same advices from other sources.
The opinion prevails that Dodgo's figures re.
garding wheat left in first hands will be
bearsh. This feeling has been partly dis
counted in this market already. In the pit
June sold off to 1155c and July To T6l4c. The
wheat market closed heavy at about the bot
ton, figures for the day March 7735c, May
1S5sc, June 715Sc, July 161sc.
here was good deal of business in corn
ut times today, although it was very quiet at
other times. The feature of the day was the
weakness of the market in the face of exten-
sive covering. March closed at 2Sc, May
sold at 291S(030c and 29J5c. Other closing
prices were: April 2S3lc, July 309S0304c;
August 3l4@3ls5c, September 3lBc.
The shipments reached 226 900 bushels.
Export clearances were much lighter than
usual The selling was principally by re-
ceiving houses, and elevator men in particu-
lar, who are the heaviest buyers IN the
country. Smith ~ Co, covered big line of
short corn Poole, Sherman & Hess were
also buyers st. Louis and New York sold
freely III this market.
Oats were quiet and easier with tiuclua-
tions confined to a &c range. May was
again most actively traded in. At 2l4c
buyers took hold fairly, but refused to follow
the advance The opening was steady, but
weak feeling coon developed and prices re-
ceded 16@l4c. This was followed by slight
reduction and in turn by further depres-
SION, and the market closed quiet at u &c de-
cline for May, but was steady for other fu-
tures. There was nothing withdrawn from
store. Exports from New York also fell off
decidedly, being only "A bushels yesterday.
Car lots of No. in store were slow and
= 9uotable at 20as 002011c. No. white for May,
2254c was bid early, but the close was at
229502215c.
Nothing of any consequence was doing in
the market for hog products, in fact the
market appeared to be at standstill. The
amount of property offered was light and the
demand from all sources exceedingly limited.
The receipts of hogs were fair for the latter
part OF the week, accompanied with an ad-
vance in prices. This, while not adding any
particular strength to the market tended to
check offerings Advces from eastern
markets indicate very quiet feeling in that
quarter and foreign news in a general way
was little more favorable to sellers. The
receipts of products were fair and shipments
quite free. The aggregate for the week
will be large and indicates reduction III
stocks on hand. Speculative trading was
exceedingly night aud changes ir prices
were confined within narrow limits. Bus
mess was chiefly in the way of evening up
trades, There was very little doing in
transferring contracts. May and July
deliveries were about the only ones traded
in The market closed comparatively steady.
The demand on shipping account was only
fair Holders were rather fair in their
views, owing to the strength in the hog mar
ket and not pressing their property for sale.
There were some export orders on the mar
ket, but good proportion of them were
limited to figures below the views Of sellers.
Buyers for domestic markets were rather
slow to pay former prices. Transactions in
dicated no material change