Omaha daily bee., 1891-09-27
Traders Talk.

CIICAGO llI,SnDt. D.-COunSplmpn " DAY TO
CocRrell Brothers.: Tie general tone of the
speculative markets was dun and inclined to
weakness on account OF lower cable quota
tions and poor prospects ofeXpOrt business. in
the absence of which our market quickly be-
came o~versuppiied. Wheat had an early de-
cline of one-half cent and became lifciess
until near the close, when the report that u
British fleet had been ordered to the Darda-
nellcs caused shorts to secure profits.
OF l cent and closed steady. The cash demand
was very slack and gave no promise of early
nearly S,Oo0,oO bushels less than last week in
wheat and -four. as wheat, which considering
the lower prices asked, is Il rather bearish ar
gument. Corn and oats were fairly active
within narrow ranges and closed quiet and
practically, unchanged. Provisions were
continued liquidation of October. Speculative
holders and packers were again the principal
buyers and report = good demand for ship
ment. Toward the close several local bears
covered n part of their October short sales,
and eastern houses sent buying orders for
December pork. Commission houses also had
moderate buying orders for January pork
and ribs.
mick to +. 9. Swartz * Co.: Speculation in
wheat was light, the range IL moderate one.
The low prices were made in the first hour,
the close showed early loss regaincd. Wheat
cables, good. Northwestern receipts, pros
poets of large increase in visible supply and a
Berlin cable reporting the Prussian wheat
crops turning out II little ahead of last year
contributed towards early decline. The Wild
report via st. Louis that the British fleet has
~ pIhtltb " NiS Nto NlO
sion for the final recovery. That the market
should be at al. affected by alleged war dis
good selling for May d~elivery-aoout the only
feature to the trade. Cloarances were not so
large. Reselling was reported at s.. Louis
and New York. We incline to the selling side.
The shippers were still bulling corn. Charters
were made for $4,000, Provision market was
given up chiefly to changing. There was some
covering. of October by manufacturers but
very little buying of early futures which, was
not immeaiateIy foliowed by selling Of the
December pork or any advance.
CHloAGo, SEPT. 2C;-kSnnett Hopkins &
and closed strong, but the intervening weak
ness was more marked than in any previous
day for some time; News, both foreign and
domestic, was of little consequence, but the
situation grows less encouraging for holders.
The half n cent squirt at the close was doubt
less due to the unwillingncss of shorts to stay
out over sunday. A repetition of today is
likely to induce free selling Monday. with
prospects,, of lower prices. Corn and oats
ruled somewhat easier. but closed about as
as they did yesterday. Receipts Of corn are
falling off, but the eastern and the export de-
the west new corn will soon take the place of
old corn for consumption. Very light trade in
there was some show of strength, due posi-
bly, to covering by. shorts, though there were
Indications that Armour was on the buyin;
side to Il moderate extent. 1t was Il dead
market from first to last.
CHICAGO, Sept. 26.-F. q Logan & Co, to the
Bryan Commission comparative have had IA
quiet day in the wheat pit, December opened
ut 074c, sold OFF to wac and closed at 1850
O74c. Advices from the United Kingdom are
duh ana from the continent lower. We have
had II fresh rehash of war news and kilograms
from the southwest and northwest that re-
ceipts will show II considerable falling off next
week. This nows caused some buying and
the advance of thrce-fourths of a cent from
the lowest point. We do not look for any ma
terial change in the market in the near future.
1t is only "a scalp for fluctuations from half II
cent to lc Il bu. Later on we look for higher
prices and believe that purchasers on breaks
Will make money. Corn moderately active; the
shipping demand continues good. The old bull
clique predict higher prices for October All
the information We can get points To much
lighter receipts. The selling of the November
option has been heavy today. On a quarter
all to he covered. No change In the ont mar
ket. In hog product the feature is liquida-
ton by holders OF the October option and the
buying OF the same option by IA prominent
packer who has been short. January pork is
The December pork will sell lower-so say the
well informed men.