Omaha daily bee., 1892-11-04
Traders Talk,

CHICAGO, Ill., Nov. 3.-Counselman & Day
to Cockreli Bros. Commission company;
have ceased to expect anything approaching
panicky condi lions of the wheat market and
abnormal Supplies In sight. WhenevertheIco
fore any disposit Jon is shown to shade prices
further, horde of brokers seem to stand
ready TO accept the offerings. Scapers so d
heavily early in the day, but covered later ut
hi her prices, influenced by the decreased
receipts and large clearances. but
the closing advance. Corn was steady and
some local bulls Increased their lines slightly
on account OF the advance in other pits but
H. eral resting orders To sell at limits slightly
above current figures acted II chccX to a
according TO the pro ram outlined yesterday
hut we advise our friends who are long at a
Co to S. A. McWhorter 6si better IpSs Tone ss has IS
prevailed today. The lessening receipts at
primary markets, large exports and higher
foreign markets have induced some buying.
Offerings fe,ingss from from first hands are said
country elevators are full they are
not likely to ship freely when farmers offer
inGs fall Off. They want the stora. Q and can
carry it cheaper in their own houses than at
visible supply points. Though the market
has he tith!er look materially higher prices
are otantlciDated ut present and 1t is believed
that any pronounced rally would be short
lived. Corn and oats are firmly held. The
continue light, while tho foreiIn ana do
lncsllc conSufnptlNe demand is expanding.
Provisions were strong and higher. There
WAS good buying on the soft spots yesterday
with u continuation of the same today. The
lard market Is very stronr on American
stocks. The speculative sentiment favors
higher prices.
CHICAGO; Ill, Nov 3:-E, G. Logan & Co to
Duncan, Ho lingcr & Co: There was more
activity In wheat this morning The offerings
were liberal December opened at 7tg sold
as low AS HiBOntc This price bought some
good buying, aud the surplus on the market
was rapidly absorbed, causing II quick ad-
vance to II 7sGyT2c. The closing price was 7I3a
orc, we can only repeat our remarks of
yesterday on future values. much depends on
interior receipts and exports. We have a con-
siderable failing of in receipts of winter
wheat, and good exports from the
seaboard, and this is all that is
wanted to establish permanent
advance 1t may be slow, but VIC think IL is
sure TO come. We believe purchases of May
wheat safe for Investment Wa are likely 10
have little fractional dec Ines. and IL we have
they VIII do To buy on, In corn there was less
activity, May opened at 45@sc. sold as high AS
45SQ4Bc AN closed AT i5Sc. Tho heavy hold
ings by l. ,gleston have for the present CO used IA
pause In the local speculative clements There
are some expectations that the greatest part
Will be shipped; II IL Is, higher prices nre not
Tar on. We feel very friendly to this grain
ana recommend buying II on all BREAKS. Oats
were quiet. with no spec al feature to the
market. The trade has been largely local.
Hog product was very firm. The Cudahy fol-
lowing predict light receipts OF hogs and
hlgher prices Charters. wheat, ;3G.OOO; corn,
o's'ooO; OATS l6i,OOO; rye, l7.0JJ; flax, o., 0O0