Omaha daily bee., 1891-03-14
TIE SPECULATIVE MARKETS.
The Bear Gain "a Advantage and Rise TO
the Top,
corr RfCtNES A SLlGaT SET T-BACK
hut the Bulls Are Confident OF
Putting Prices again Higher
y itcr the Little Break
Is over.
corr 8Er1yEs A SLIGHT SETBACK

CHIolGo. March 13.-SpccIal Telegram to
TnE BEE ON the whole there was "a little
easier feeling In the leading board OF trade
markets this morning. Early news was less
bulli~h receipts LIBERAL and the edge was up.
parcuty ON the sharp advance Sales for
May the first hour were as follows: Wheat
flOi, toSl UJa to tlU21a to tIOJ, ton O2A; corn,
6jtc, toG3ta ac to 6!sr; oats, 3'sc, to Hicj pork
sml5. oslogo, To- tW,o2T lard, tdG'a, to t6.jOj
ribs, $40, toSiJ2f
Thcrcw a decline inwhoat before o'clock
today " J. e. from the top prices ot ycstc' day
and uflc to liic from the opening h-urcs. The
market at no timc hudtho strength noticed
yesterday, aud yet there was great uuccr-
tHuty during the first hours as to the uows
and tompcrot thctradG There was the usual
Rmuuutor long wheat sold hcausoof the
great receipts in the northwest Minneapolis
&I cars, Duuth 3i cars. Then the public
lvrrpoOi cable. while quoting spot 'ldup, re-
ported NO special demand, and thc board
showed that that market had but ',wO
quarters in receipts for three days, Of
which 1000 quarters we're American wheat,
The fore ign reports on wcat her were very
hn", both for England and France, Ournorth-
west was very cod, lut that cut no Ngurc.
The Northwestern icr made amOrClattcr-
ing report on flour, calling the demand uch
improved, with prices 2Uo to zoe upfor the
week.
lI'l I''iilSt, ~ an W.T. 10 u lNtUThUl, SNN
that the 1G,0OOrO) bushels u rcscrV had no
specie re- ference to what remained in the
farmers hands of last years crop. but to all
wheat held from former years, early in
formation was that Foreigners were sellers at
New Yorl, and the same in this market This
was Unset by st. Louis dispatches saying
thCrcwas fresh buyin for France In that
market Exports OF wheat were practically
nothing, but four Atlantic ports cleared
$4,000 packages Of flour half Of which was
from Baltimore, Late IN the day there was II
little recovery on Berlin cables which
quoted prices a to - mark higher The corn
market gavC way quite sharply and
this was against wheat. The crowd gene rally
sold wheat on the early break and bought
somCof itback before the end OF the hour,
putting the price ot Mayup to Sl.O3 again.
Conspicu ous sellers we're Baker Il Co, Bald
win NFamum, Schwptz, and others, 1t was
claimed that Armour was taking wheat ON
SOFT spots This is very significant II true.
Action of the market was: May opened at
HO3, sold at 81 lGa. of to- SO2 ". up TO 81 o. Off
to TlO? to $L02l. to sLOlB at 1Oclock. July
sold at 9o5c, tuMiac, to 0oSc toNl.c, to 40lsc.
to 0O'sc, to 0N 7sc to !EGc att O'Clock. Tho low
points fOrthe day inwhCat were touched Just
before the close, with Muyat 2LOli, and July
at @'sc. The close was on "A slight rally to
sL02 for May, and 9s,c for July March was
quoted atSiOUS to 0gac, to9DIsC to the close.
market closed without any special feature,
The corn market received IA setback today.
The weather, receipts and the temper of tn q
crowd were all against it. Very many
who have been lubOrnS to advance the mar
kct felt like taking the profits; others played
for aroactlon, and altogether the drop in
prices came about quite easily and quite
naturally. Bears, OF course think IL must
now go back o. to lOc IA bushcl where IL be-
longs" and the bulls feel Qually confident Of
putting the prices still higher after the little
break is over, May sold for 63i4C to G3Ia
early. and at O'Clock was Off &c from the top
at 6l'sc. July sold at 81 4c and thenwas of to
COO. The receipts OfcOrn were $40 cars. The
estimate for tomorrow is $50 cars. Free move
ment fora few dayswill make the receipts
for the week reach 1916 cars, probably.
against 1863 last wcot, and 3,i8 Il year ago.
Grading has fallen even lower. with but 56
cars OF No this week. The same week last
year there We're l2A cars OF No.. 1t was
claimed at the close that May sold at G3lt &c
early. The close for all months was as fol-
lows March GOlac, April Gle, May Gla06lBc,
une Gobc, July SOC. May corn puts were
6llic and calls G2iac
The selling in oats was led by Bartlett and
Frazer, bull houses, Selling was pretty free
most OF the session, and the market simply
dropped back with the others. The dec line in
prices was quite sharp, and umOu nted to 2c in
thcleading months May sold at 53Sc to 5lssc,
closing AT 5l5c. June sold at 52a,c to5li4 c,
and closing at5lasc July sold 49c and 40i4 e,
and of to I71ic, closing AT 47.c. There was
some trade in August oats at $3.50,
The provision market started strong, and
word went around that n further advance
was on. Nothing was furthe n from the truth.
With the show of strength in corn at the start,
pork sold at sIll5 to slI,2O for May and sll. %
tosll.55 for July. The close was at SlO75 for
May ANA sli.h for July Lard broke from
S6,32l9 TO S6.l7s for May and from S6.57l2 to
sG.i2Ia for July, ribs from 500 to 1920 for
May and from $40 to $50 for July.
The decline from the close OF
yesterday was Therefore 400 for pork, 20C for
ribs and nee for lard. The decline was due
tOa fact not apparent TO Oall-thc selling of a
great line of long pork by Armour Offerings
were largely takenfor a time, but when gen
eral realizing set in and som raiding follow ed
prices wcdt OF quickly, Action was also in
sympathy with tho2c break in corn. Hogs for
Saturday, 24,OO9.
PRICES AT CHICAGO.
CnMMnn nmY.. Oman. lIiyh- Low LIn.n II Nnt N