Omaha daily bee., 1891-12-06
TIE SPECULATIVE MARKETS,
Quiet Business in Wheat Most Of the Day
at Chicago,
PRICES AVERAGED ABOVE FRIDAYS.
Number of Bullish Features iu the
Trading-Increase in the Avail
able Supply Reported
stocks and Bonds.

CHICAGO, ILL.,. Dec. h-There was n quiet
business in wheat most of the day, but n rather
firm tone prevailed. prices averaging abo We
yesterdays close. Both sides were able to
draw some consolation from the news In cir
culatlon. and this fact helped 10 keep the
market fairly steady. one OF the builish
points was an article in a morning
paper reviewing the condition of win
ter wheat. 1t was said to have been
injured by drouth in November and
further damaged by the late rains, followed
Oy treeains weatleri Inc im9Ne,memt IN the ne
severe. storms prevatliny. II continuance OF
small deliveries for the time being is looked
for. The liberal c.earances from both coasts
for the week were also reg ard ed MS rather u
strong factor, as they amounted to 5,6j2.OOO
out the week previous. On the other hand
the figures In regard to stocks were unmis-
takably bcarish,
available stocks in the United States and
Canada during November of l~i,OO0,OOO bu.
and 17.o0l,OOO bu. more than a year ago.
The worlds available supply showed an in
The bears made the most of these figures,
which undoubtedly kept the market from
seemed Inclined 70 HHl!ishncssi ana,
ness abroad, domestic markets showed
considerable strength. Partridge covered n
good deal of wheat around DC, and Brosseau
was also q good buyer, presumably to cover
shorts. Most of the private wire houses, and
the crowd generally, seemed disposed to Duy
and the selling was rather meaEer and
cautious, May wheat opened at 06S, i'm
proved slowly to wac. cased off IL fraction, but
during the last hour, In the face of easier late
cables, grew strong again, advancin ! to wac.
closing firm at O1$sc. against V1c at the close
yesterday. Shorts covered freely on the in
crcasing strength and there was some good
Investment bnying. .
Corn was inclined to weakness. The clique
which sold n good deal of December corn on
yesterdays bulge delivered Il GOOD deal of 1t
and this made the market weak today, us the
parties who received II did not want it and
put 1t on the market. The clique IS showing II
posed, for the present, to sell on the bulges
and deliver the corn. break prices and then
cover at u profit. II, as it is claimed,
they contemplate u deal, they do not
want the advance to start now as 1t W ould
necessitate the buying of the current receipts
for some weeks at high prices. They prefer to
keep prices about on n shipping basis for some
time yet and let the bulge come, II IL comes at
all, near the close of the month. The receipts
of contract corn were light, only fifteen ears
out of ~ cars in all. This ought to have
proved n bull factor, but did not. December
wheat to Sac. weakened to 4Iac, advanced to
471ac and closed at 41Bc. May was steady
within IA range OF &c.
Oats were quiet and steady, closing I'M
changed to II shade higher.
Hog products opened higher on the smaller
receipts of live ~nogs-only lS,0JU head-and an
advance of l0c at the yards. But the advance
developed free selling and the gain was lost.
A slight rally followed when corn advanced.
During the last hour the market was steady
md the close was near the inside figures and
ut moderate declines compared with ycSter-
days last figures.
The leading futures ranged as follows: