Omaha daily bee., 1891-04-18

California prompt shipment 43s e1 Liverpool
wheat spot very firm corn in strong demand
large business done.
Late cables steado to strong. English cables
come strongest. French cables bruughtselllnE
orders, quoting market there rather easy In
tone though not much oHerng
8 V. White bought 100000, OF oats this
morning at 57Hc thought TO be short oats.
This accounts for the strength In May and the
weakness in other options at the opening.
Logan & Go, to .Toncray Il Bryan-Wheat
longs marketed SO freely that break OF a
cent resulted. Later strong Liverpool ad-
vices sturte another bear panic ana the mar.
kct quickly advanced to the highest point OF
the day. The advlccs from Paris were 10 the
effect that there was no truth IN the repoiL on
the remission OF the duty and reporting their
market easier On fine weather II pubic td-
vices confirm this after the extensive covering
Of today's market we think IL likely to react.
The shorts In corn and oats were treated to
another unpleasant experience, but top prices
brought out some selling which subdued the
market. The strength In provisions seemed
to he borrowed from the grain pits ana they
closed steady ut a decline from opening
figures
W. q. Mccormick & Co. to +. C. Swartz & Co
The wheat market has been wild and cN-
citcd With Trading OF very large magnitude.
Great nervousness was shown on both sides
and the market nuctuatcd up and down with
n rapidity that ut times rendered the eNeCu-
tGn rG OF orders mayer OF greas rn,r ulySiE wbch
came Yesterday that the French duty ON the
importation of wheat would be ~ once re- :.
- !
state positively that this rumor Is uufOundcd
but the effect had already bccu experienced
and the crowd were not inclined to 90 back
wards. Some export trades were reported
but we cannot trace II to II rcliaOlc source
Receipts at the eleven primary points were
2B,10O, shipments llSsOl. The market closed
firm, but predictions as TO the immediate
futures are useless. Ii IS n runaway market
and may turn either way with great tDidtty.
sire on the part OF shorts to cover, showing
the great OuoyHncy and selling at l4Bc, July
al
| being very nervous and the fluctuations at
times very Wild. The cash demand continues
to set the pace for the futures and we see no
Immediate prospect for a let-up III the snip
pinE demand. At the close, however, the
market seemed decidedly tame and there
| were Indications that there had Oeen very
| heavy realizing on this mornings bulge, oats
! opened wildly excited, May selling as high as
| 5;'ac The trade during the day has been
very large. tho market nuctuating rapidly.
| Like corn, however, this marKct shows the
result OF considerable TeaIiMaTi Lrad9 RaS
gust. Provisions opened strong and higher.
| The market has shown largely increased ac-
tiyity. For some reason tho commission
| houses representing an outside business have
| boon heavy sellers of long stun today, most
| Of it going into the hands of local bulls and
| packers. II corn should weaken materially 1t
| may break provisions II little, but we con-
slider them Il purchase on all soft spots.
| Kennctt-Ilopkins to 5. a. McWhortcr-Thcre
| has been another volcanic eruption today and
| shorts can sympathi2e with the crowd caught
| at Pompcih some time ago wheat cables wcr,
| only llOUtrHttlN SlIOlE anu WlltIl INC HllThfI
| opened l5ac higher 1t was great Temptation
| to bears who covered yesterday to put out
| fresh line. which they did. There was alsC
| considerable realizing by longs. who had good
| profits, but their offerings were absorbed by
| shorts Under liberal sales prices gave way
| lc to 1Ac, but at the bottom fresh buying
| orders were encountered and on a show O
| strength shorts tried to get back thcil
wheat and their frantic bids forced prices NJ
| nearly &c in few moments, longs accepting
| profits ON the bulge Closing cables show!
| less strength than expected, the bears renewed
| their assaults, hammcring the market down
| about n cent, when the bulls again came II
| the front and put up prizes cents, CLOSING
| them at the top. There is one factor in Oul
market which should not be overlooked EN-
porters at the sea coast have secretly sold Il
| foreigners for summer shipment vas
amount Of option,in the aggregate running III
| in the millions 1t is improbable exporter
| would accept such orders without hedging II
! the markets. Chicago and Duluth being til,
| purchases would naturally be made here. Ii
| this way a very considerable part of ou
stocks have been taken out of the mari ket
| Western parties who have both cannot safel,
| rely on the foreigners who hold their contract
and become sellers as they doubtless will |
crop prospects should become as favorable a
anticipated. That, however, is not Il matte
to be determined very soon, and mcGnwhil
and dictate prices. The market close
amid considerable excitement and
would be difficult to give the exact figure!
Corn and oats shared in the general tumul
the pace proved too active and II sharp de
cline followed. There was another rally tina
carried prices to the top but liberal reallzin
sales by Hutchinson, Boyden and other holder
lively easy. In provisions there was moo
erateiy active nervous market not receptiv
| of the buoyant feeling in grain but irregula
on account of It. The close was steady onl
|