Omaha daily bee., 1895-12-15
COMMERCIAL land FINANCIAL
Prices Of Grain Took Another Tumble
Yesterday.
WHEAT MARKET OPENED QUITE WEAK
visible supply Conditions II Consider
able Feature In the Days Spec
%ulntiyc Trnding-Stocks
and Bonds.

CHICAGO, Dec. 1i.-Prices Of grain took
arothcr tumble today, compared with yes
tcrday's closing prices; the May delivery
of wheat is isc lower, corn 2sc and oats
&c lower. Corn and oats appeared to have
no bo tom traders TAXI 6 26c for May. Wheat
did not seem so entirely bereft of friends.
The covering purchases by shorts in pro-
visions caused comparative strength and
some advance in prices.
Weakness was still the prevailing feeling
when the wheat market opened, and II
did not change materially all day. 1t was
expected that last weeks decrease ir the
visible supply, instead of the heavy in
crease which had been looked for, would
all be explained Monday in an Increase
of 100000 bu. or over for the present week.
1t was contended that nineteen cargocs
of wheat were on Saturday last still In
the holds of vessels in Buffalo harbor
which had been counted out of the Visible
supply last week because the railroad COM
pany had the orders to forward 1t; and
that a large proportion Of that would re
appear this week at seaboard points. It
may seem that with an increase for the
week, as expected. at Minneapolis and Du-
luth, of 100000 bu. and a probable increase
not be otherwise than over 100000 bu. net
increase in the visible, supply. 1t was
lust such premises a week ago the trade
went far astray. There was nothing dis
turbing, in the routine news, but, under
StillIk ltu ny ilnll. IL DlAIt ltthth Wv" ~
ward from start to finish. May sold early
at GOssc, and was being maintained with
apparent difficulty at 60c as the session was
Corn traders received today liberal re
sponses to the offers they wired to dealers
in the country yesterday, and the, pros,
pective heavier receipts thus indicated
seemed Seme to set every one e,. to selling EN- gr, Who
Although the stocks here are only 100000
bu. and only 10000 bu. are of the contract
grade. a year ago, when the price of May
corn was 48isc, the stock here was. 1,6OO,oB
The exports for the week We're 1881 coo
bu., or more than 1000 bu. In excess of
the weeks shipments a year ago. The
days receipts were 525 cars, and GOO are
expected on, Monday, May, corn was es-
cember lost bc and January &c.
There was a heavy trade in the oats
market, and the session from beginning to
end was very active. During the early
part of the day the feeling was compare
ferings were taken up rapidly. Later, how
ever, the weakness In wheat, together with
Increased offerings; caused a decline, and
the record for thirty-three years was
1870 was the closing price, today 19c.
The cash market was also weak. Receipts
exceeded yesterdays estimate by 1OS cars.
Provisions showed a little strength, be
head, instead OF, 1000 head, as estimated.
Perhaps the principal cause of the moderate
advance with which the market closed was
that John Giudahy and some other shorts
yesterdays closing, prices, May pork is
71Rc higher: lard and ribs, each sc UP.
Estimated receipts for Monday: Wheat,
2O2 cars; corn; 600 cars; oats, PAP cars: hogs,
are expected to arrive.
The leading futures ranged as follows: