Omaha daily bee., 1892-01-10
THE SPECULATIVE MARKETS.
Early Trading Saw an Improvement in
Wheat Quotations,
THERE WERE MANY BULLlsH FEATURES.
Severely Cold Weather in the Central
States Had Its E~nect-Later In the Day
There Were Numerous Indica-
lions of Weakness.

CHICAGO, ILL.,, Jan. ON response to the
stendinesso OF the wheat market here, foreign
markets as reported at the op eniu5. came
steadler In tone. The early trading was done
at not far from the same prices MS the closing
quotations of the prece ling afternoon and a
shade of improvement quickly succeeded.
The openin q! for May was Mt from 0jlSc to O3hc
AMI good buying, which lasted for n matter OF
ten minutes, made the price 0JIc In addi-
ton to the steadineSs abroad, receipts at
primary points were light. The severely cod
weather was another bullish feature for
although 1t had been preceded by about an
inch Of snow throughout Indiana and Illinois
reports were that 1t had about all blown off
the fields into drifts along the ri1ges.
The weekly export figures were also some
what bullish, reporting clcarances from both
coasts at 5,2]l,010 Blu, but m )difyiny the fact
Dy drawn attention to the comparative Oulk
OF this and last years visible supply, making
1t lS,OJO.O0O bu. more this year than last and
100000 bu. more than on the corresponding
day OF 1897. Bcorbohm quoted a decline AT
Paris of 10 to 20 centlmes on flour and - to 30
Confines in whe It. The fact of Partridge
and other influential bear operators hav-
Ing covered so much of their short
lines on the breaks OF the past two
days made the bulls cautious In their
possible selling again by the operators ro-
ferred to on any material advance. After
thc early strength ceased there was a reac-
tion to 92bc, but at and below Doc there APP
peared to be very heavy buying orders which
made the stay OF the price below the former
quotation only momentary, Schwartz
Dupee, Mitchell and Logan were the leading
sellers. Advices from Kansas City later said
that unfavorable reports of the CROWN crop
are coming In, the weather having been very
trying on the plant. This caused u little more
frmness. but the close was b rely steady ut
0jc, production OF Ac compared with yester-
d ".
Corn was QUIET and easy but the decline was
not important. The weakness in wheat may
have had some influence. The weather. too
sharp and frosty-has given promise Of better
inspection. OF the IS cars received, only six
cars graded contract. Cables were steady for
spot and the near, but weak on distant. fu-
lures. May opened unchanged ut 4 &c.
touched at 4lhc, weakened and closed at bot
day of &c.
Oats were quiet and easy in sympathy with
corn, closing unchanged to ac lower.
Hog products Carried over on the bull en-
thusiasm of yesterday to today; the advance
Ing tendency OF late has attracted outside at
%tention and the result that brokers had a lot
of buying orders on hand at the opening.
closing figures OF yesterday, but the strength
evaporated when these had been flied chiefly
on the lar .er receipts of hogs than expected
and the fact that $4,000 hogs were estimated
for Monday and 259,00) for next week. The
close WAS ut or near the bottom prices OF the
day. and the market was easy and slightly
lower than yesterday.
Estimated receipts for Monday: Wheat. 1873
cars; corn, 200 cars; oats, l40 cars; hogs, $1,000
head.
The leading futures ran led as follows:
-