Omaha daily bee., 1893-10-15
COMMERCIAL and FINANCIAL
Wheat Trade Had a Hard Time Of it Yes
terday.
BEARS PRESSED THE LATE SELLING
There Were No Cables and Practically No
News from the East, Nearly All the
Wires Being Down and OPP
orators at Sea. a

CHICAGO, Oct. l 4. -The wheat trade had a
hard time of it today. Late in the session
the bears pressed the selling and forced
prices to the low point of the year. Decem-
Der broke the last half hour to 633ic and
closed &c under last nights quotations, at
631sc. This was 2i5c off for ten days. Char
tiers were 225,0O0 Blu. for wheat, but nothing
can apparently prevent a large increase in
stocks here for the week and an enormous
increase of q, 900, 900 bu. or more in the visi-
BILE supply. The dilatoriness of the senate
concerning silver continued as a weakening
influence.
Corn is llsc lower; oats from &c to &c
lower, and provisions yielded to the general
heaviuess.
There were no cables and practically no
news from the east, nearly all the wires
being down, and operators were left some
what ut sea. This gave the bears an excel
lent opportunity for raiding, and they i'm
proved it. If wheat or other cereals had any
friends, they held all the powers to them
selves. The market yielded on hostile dem
onstrations, and showed no rallying power.
Holders who have been bravely fighting the
decline for weeks got demoralized and let
go stop-loss orders became operative and
ScIiluS VII CSuuuStcu HltEEllS tuluIIcbou tic
Generalization Nothing Sc emed favorable
for the cereals, the exports for the week
were light, the deliveries in the northwest
were again large and the demand was even
less than yesterday. On the break Par
bridge covered n good deal of his
short line, and Bryaut-Walker did the
same, put the remainder was nothing in
| comparison to the offerings, and weakness
and depression resulted The opening was
about &c lower than yesterdays closing,
mt ,,ft l. Arlty liz ,rnr Of tNti,,nn
further declined from &c to lac, the May
future suffering the greatest decline, then
held steady and the closing was from SC to
&c from the bottom.
Corn was depressed by the action OF wheat
and the offerings of new corn for future deliv-
cry. Parties who are supposed 10 be among
the largest shorts were again selling freely,
while the buying was scattered and mainly
to cover shorts" the smaller traders being
inclined to realize. The market opened with
sc loss, and gradually worked Town from
1c to nc, rallied from sc to &c changed
some, ruled steady and closed within sc Of
bottom figures.
Oats declined &c for May, and closed at
&c above the bottom, with a net loss of nc.
The near futures were off from &c to &c at
the close, but the trade was light. Longs
unloaded freely, and the market did not
have good support.
Provision traders had a dull day. In the
absence of active operations, prices de
clined somewhat in sympathy with grain
markets. There was some little develop
ment looking like short sales by the local
trade, Prices were largely nominal, with
trades scattering. Closing figures were the
lowest of the day, SOC down for January pork,
2i3c off on lard, aud from re to lac on ribs.
Vessel rates were steady at &c. for wheat,
and l$4c for corn to Buffalo, and &c for corn
to Kingston. '"'
Estimated receipts for Monday: Wheat,
225 cars corn, 500 cars; oats, 400 cars; hogs,
-. 600 head.
The leading futures ranged as follows: