Omaha daily bee., 1892-11-04
The SPECULATIVE MARKETS
Wheat Closed Strong Ycst rday on Light
Receipts and Heavy Exports
THAT CEREAL OPENED UNUSUALLY WEAK
Early English Cables We're Firm, but This
Did Not Prevent Decided Bear
Sentiment on the Part OF
the Local Trade.

CHICAGO, Ill, Mob 3-With the receipts at
primary points the smallest for three months
and the exports the largest during the same
time, wheat today closed strong. Final figures
compared with those OF last evening show
gain OF from a to sc Corn is unchanged to
hc higher. Provisions advanced from lOc to
20r. The first feeling in wheat was ono OF
weakness, This WAS attributed to the fant
that the local receipts exceeded the estimate
by about 81 cars. The deliveries in the north
west were liberal, and the clearing weather
was REGARDED us favorable for further
increase of interior deliveries Early English
cables were firm, but this did not prevent de-
cded bear sentiment on the part OF the ocal
trade and there was pretty free selling for
time. under which prices fell OIL, with business
dull. Later reports from the seaboard showed
n marked revival In the export demand and
the clearunces from the scaboard were re
ported at Dl5Oj0 bu. in wheat and flour
This caused an Immediate change. The
The early sellers quickly started to get back
what they had sold and there was fair invest
mcnt buying. while the offerings became un-
usually light The result was steady adj
vance The Cincinnati Price Current reported
that wheat WIS stili suffering from drouth IN
large areas and that there was every reason
TO expect steady failing OF IN interior de-
livcrlcs,
Partridge was a good buyer of May wheat
below il9c, and was elicNcd to have covered
from lsc to ilc lower. and prices dec incd from
lsc to lac more, then rallied &C. recCued some
and the closing was within sc of the top for
the day MinnctD polls wired that there Was
little doubt but that North Dakota had mar
kctcd her surplus wheat j. j., Hryants sales
amounted to about 10000 Iu, which. IL was SAID
was the heaviest individual operation on this
side. Burnham Il Co. were sai to be buying
IN short wheat for O. A. l,iilsbury OF Mime.
npOlis, who. 1t Is represented, has been here
70: two days experimenting the operation.
The corn market again took drop in the
- early trading, miur to that OF yesterday.
This due largely to the Spuslt,Oul
ports Of the future of of Pc ra Bros. of Lin
coin Ill.,, and tho published statement that
Chicago comm ssOn houses were heavy losers
This made the trade nervous, and the caring
weather u was argued. would Increase
best sellers When wheat and provisions
began to develop strength corn was quick to
sympnthize A report from Murray OF the
his reports the huskings continued to show
disappointment, aiao helped the market
the price was carried down l4c more then ad-
ynnced from l1c to Ssc. reacted Ac, ruled
frmcr and closed with slight gain.
Onts fluctuated with corn and closed about
steady. The feature OF the day was heavy
selling of May early by Rouse, who disposed
The provision market showed strength all
day. CHIEFLY on the smaller receipts Of hogs
- GOOD buy ng by the, late CLIQUE in ribs
and pork generally. he comparatively small
stocks of all knds of products, except ness
pork, attracted some attention and the
impression prevailed that manufacturers
were covering II portion of their outstanding
contracts and tn $ strengthened the market
to some extent The receipts were compara-
lively light and short sales large. particularly
poo was II factor in lard. nhere was strong
demand for spot at 5Uc over the price of seller
for the month.
Vessel rates. 2l!c for wheat and 2i4c for corn
to Buffalo.
Estimated receipts for tomorrow: Wheat
239 cars; corn. Ib5 cars; oats, l15 cars hogs,
2,0OO head.
the leading futures ranged as follows: