Omaha daily bee., 1891-10-18
Traders TAX.

CHICAGO. ILL.,, oct. 1E-Kennett, Hopkins &
Co. to ;. a. McWhprter: Wheat cables
were rather tcttcr than eN pected but receipts
here and In the northwest were large and trsi
sales were about asc below yesterdays close.
The market soon tirned up on good buying by
a prominent house W tn New York ctiOn
and held rather strong nearly all day. There
and the greater part of the sales were doubtless
made for short account. Many OF them were
cornered through puts. all of which were
good. but the outstanding short Interest has
doubtless been increased by the days trad
ing a cable was received near the close stat
wheat the last OF the month, and that expOr-
tation of potatoes to Prussia had already
been stopped II was not generally known on
hrmCd may, turn the toe the other way or
Monday. For IA month it has been a scalpln
market. rather safer to buy on breaks than to
sen ON Tt!iles ana II may continue so Tor a
time; But lower prices seem eventually as
sympathy with wheat. The feeling among
traders is one OF hesitation. 1t does not look
like any decided change in the market unit!
corn IS marketed more freely. Oats come for
ward about fast enough to supply the demanu
ana prices hold cutie steady. The provision
vices yesterday. Hears are on top and will be-
likely to press their advantage.
CHIcAG3I; ILL.,, Oct. i'.-tounselman& Day t.
COckrcll Bros: Wheat opened with II genera
downward tendency. This was intcrrupte
for a while by. reported newspaper talk OF
s s1ntfs from Russia, sS hort" did fdp some S b I2G%
but failel to get much until the mar
ket fIlllei lsc. Northwest receipts
were lar-o and the closing cables
were dull and easy. The bears concluded t.
resell their short lines and Ions joined the
race to unload. The result was a weak clos
ing and II lower outlook for the immediate
future. Corn and oats were duIl and littir
more than Il So upcrs marNct. Fuctuation>
followed wheat, but were narrow. Buyer.
were inclined to hold of for lower prices
and the close locked as ii they
would not he disappointed, Provisions showed
"A lack OF rallylng power and made "A new re
cord for low point under continued pressure
OF sales for long account. The wc.g ht OF large
stocks has been too great for spectators tO
carry and has tired thom out at last.
CHICAGO, ILL.,, oct, IT.-SwaTtG, Dupce & Me
COrnirE to +. c.. SwHrt2 < Co.: Wheat for an
hour today was sustained by apprehension
here that New NOrl> before the close wOu.u
sprIng some sort OF II bun announcement
Dur,ny the last hour the market dragged
lower of its own weight The western
new WIS bcaris!. receipts everywhere were
much larger, over 1850 at Minneapolis
and Duiuta, nearly 80 here. Cables from
the Russian crop Will probably appear tDmOr-
row and may considerably affect Mondays
market. Corn w.s duil. At the close IL
slowed a fractional decline ftOm Friday. with
clear weather rece .vcrS declare the new corn
movement will very largely increase at once
Contracts are BON : made for lar o deliveries
OF new crop corn uur!uS the year. On the
other hand Sma stOcNS, a COOL cash demand
ana Il fair EXPORT business at the seaOOurl
cOmpels IA slow rather than Il quick dee inc.
Provisions were again very weak, pork Mt
tine close showing "a decline OF 2IC to SIC, lnr d
and riis Of l:tic To l5c from Friday.