Omaha daily bee., 1891-05-03

WHEAT IN THE NORTHWEST LOWER.

CHICAGO, May 2-Wcakness was the pre-
dominant feature in all OF the trading pits on
change today The result OF the days trad
ing is "A loss in the value OF July option-the
leading future ON all the articles-in compare
son with yesterdays close OF 1sc in wheat,
lac in corn, &c in oats, l1iac In pork, lOc in
lard and lOc in ribs. 'All of the early news was
bcarish and developed so much weakness dur
ing the first half hour OF the session that 1t
could not recover during the rest of the ses-
sion. Crops were favorable and receipts con
tinued enormous. There was unoasiness over
the financial outlook in the east and the
exports for the last week and the
last ten days compared very unfavor-
ably with those Of tine corresponding
period OF .. year ago. Under these influences
July opened at slU5i sat 1863, against SlO6t4 at
the close yesterday, and sold of without men
tunablc reaction to SL0l4. The fact that
some May wheat which had been delivered
rather dcprCCiatc values and the premium of
May and July was considerably narrowed As
the session advanced considerable bulIish
news was Delivered, those Including the clear
ance of l6SO 600 bushels OF wheat from New Or
leans; the loading of 10000 at ST. Louis for
export; the engagement of li5.OO0 here for the
scabOard and II statement that OF the 5,OJOOOJ
at Duluth, 3,OOlOOO were under contract to 60
out this month. New York also reported cN-
port engagements of $4,000 bushels On the
strength of this, wheat rallied to Slqls, but
saGged OFF and closed at the bottom at SlqH.
weaker cables, the weakness in wheat sellings,
and "A promise of continued heavy receipts.
July opened at 63lqc and under steady Oner-
ings sold down to G2lic. a rally to G3hc fol-
lowed and purchases to cover ana then an
other reaction to the lowest point of the days,
Gj'ac, at which IL closed
OATS opened weak with wheat and corn.
Holders, fearing to carry it over sunday,
threw il on the market and caused break.
July opCned at 4si,c against 4S'sc at the close
yesterday. and the price broke to i1bC. AT
this point the shorts BEGAN to buy and the
~ p Al fD - y.I n 1A
ings drove 1t down again to 473sc, and II closed
l5c better than that.
Provisions were heavy throughout tho ses-
sion. The ruling influences were the close or
the cereals and the heavy receipts and the
stocks OF hog products on hRGd % has as
duct of the days trading was as given in the
fr5t paragPPaph Of this report. ,,,. ox,on,s
6,Ns7 barrels; 6,326 sacks; dull, heavy, sales
1850 barrels.
CoaN ,MEAL-Quict steady. Yellow west
WHEAT, Receipts 135,cOO bushelss exports.
1850 bushels; sales l,6SO.OOO bushels futures;
active, chiefly exports; No. . red sll5& elo-
vator. II IG'4; store sll7is; atoat, sl17la4l.lS;
Sl.@7; No. hard, Sl@9. ootons ranged at weak
prices all day, and closed steady at ll402c de-
cline. Cables were lower and there were IA
vorabe crop reports. The steadiness at the
close was on account OF the increased export
business; No. = red, May, Sll5'gD 1875, closing
qt$.1Ss; June; $l153.@ili ci9sins at $hlS4i
slOSlpalro}s. closing at $lOsi6 septcmber,
So6$@lCs, closing at SLOW Deeembes ,1nI, sLG7n 40
1llA. closing at SlllA.
BARLEY--No. 2. mixed, St@sGc; uugraded
mixed, sOlG90c: Canada, sS1y2c.
CoRN--Receipts, 75.4Ol bushels; exports, So
l15 bushels; sa.es, $4,000 bushels futures; 's,-
goo bushels spot Spot market dull; steady
| few buying orders. May, 75l4@76c, closing at
75stc; June, 1ll,Gt1'ic, CLOSING at 7t.c; July,
69ltcGg10lac. closing at zoe; August, G9l4W59ac,
closing at 69ltc; September closing at 69c' ana
OATs-Rcccipts, $4,000 bushels; exports, Ss5
bushels; sales, 10000 bushels futures; 6l0OJ
bushels spot spot market dull; options dull dull
irregular; May, 60c, closing al GOc June clos
ing. 57ac; July, 57(l571sc, closing at 57lac Az
gust closing, iIc White, 62GDG21ic; mixed, 500
63c; white mixed. G217Oc; No. Chicago, 69'4
Iops-Quiet, firm; good, 35c; Pacific coast,
CoFFEE-Optlons opened barely steady at to
10 points decline, and closed steady. July,
I7.6)@1n1O; August, sl715Ol730; September,
$lG.5OlllG.55; October sl5.Oj; December, S5.05lD
1870; spot Rio, quiet firm: fair cargoes, S2JOOi
SuGAR~Raw, dull steady; fair refining, 0S;
centrifugal, 96 test, 3aRc; refined, quiet.
| MoLAssEs-Quiet firm: No. test In hogs
heads l34ci New Dreams, common to fancy
KYE-Firm; domestic fair to extra, 5G6'4ci
Japan, ftG6l4c
Our MEATs-Market quiet; picked bellies,
| 5aic; shoulders, Sc; hams, 0taUlOc: middles,
firm, dull; short clear, &c.
LARD-siD7i:; sales, 500 tierces at S6,97h@
clos clos ny t at S4 . July. H. So 6, Closing at s7G
| bid; August, S7..s bid.
BUTTER-Market active and firm; western
dairy, l4lG25c; western creamery, 25G2SI2c;
western factory l4lI25c; Elgins, nc.
CHEEsE-Market steady; new, lO4Ullhsc;
| fancy, llA0iltsc.
PRICES AT CHICAGO
Showing the official rance Of prices in the
leading options, as reported by Cockrcll
Brothers: