Omaha daily bee., 1895-12-28
COMMERCIAL And FINANCIAL
What Market Opened Weak and Closed
Strong.
ADysNcts WERE QUITE INSIGNIFICANT
Reports thnt h Argentine Whcnt
Crop Promised to Turn Out Sat-
fsfactoriIy Caused Weak
ness Early.

CHICAGO, Dec. THE wheat market
opened weak and closed strong today, re-
versing in that respect Its course on the
day before. The advance In It's price Is
quite Insignificant, but there are some IN
dications of a material Improvement In the
general surrounding. TIL northwestern re-
celpts were much smaller than on the week
before, and while they may be due to the
recent holiday or bad roads, the indications
were regarded as favorable for a permanent
reduction, as compared with their volume
preyious TO the Christmas holiday. The
corn and oats market were a shade firmer,
and provisions, after opening strong, closed
at a slight decline.
Pleasant weather and an expression of
opinion from a generally well Informed
source that the Argentine wheat crop prom
Used to turn out satisfactorily caused weak
ness at the opening here. May wheat closed
yesterday at 57Ssc, opened with sellers at
from 57Ae to 57@c. and a few even yer as b,v iew
who were satisfied with the above named
reduction II this sellers Ter pI prices oRa beap and .ns
q half of the session the price tended grad,
ually upward, and it touched 57ssc about II
slight rally had its source In the moder-
atcly strong position of the northwestern
some short wheat. and the offerings les
sened as the demand increased. British
foreign regular grain markets were closed,
cables were received quoting the unofficial
Business was largely local and OF the
scaiping character, which is the invariable
outsiae. After Romentariiy touching 57Sc,
about the middle of the session, the price
rallied TO Its previous highest est point point AND and
about oi hair an 0i hour Fl from the close. The
latter rise was due to the good demand
in store over the May price; The quantity
to 10000 blu. would aggregate about 100, 900
blu. New York likewise reported a, fair in,
in the pit toward the close of the session
that "a boat loads had been worked there,
Il Se ady york, cS amd tSs Price RI Boat ct l Nay e 'ssea
firm here at 57Ssc.
Corn was very, quiet, but a shade firmer
billed could not be disposed of in the cash
market except at a reduction OF from &c
billed corn was steady and in demand at
vest =rday's rates. The business done, in flu
tians in price We're Of an equally dimlinutive
character. May closed at 217sc bid. being
In the market for oats a fair business
was transacted and a slightly firmer feel
Inf dsS Ssd Rsaa T ,nsta rssei G} Is q hGsT wsrs
yesterday, and that started the provision
market strong; The opening, prices were;
however, the highest made today. The small
run of hogs was ascribed to the bad state
of the roads, and short sellers of hog pro-
ducts could see nothing In the opening .ad-
line of the stuff. Brokers for John Cudahy
did the selling, which caused a decline fol-
lowing the little bulge at the start. At. the
close January pork was DC lower and May
PIC lower. January and May lard had SIM
liar declines, and ribs lost 21ac- for jan
uary, while May was unchanged.
Estimated receipts for tomorrow were:
w. ne nayC. nnrn ~ rnrcs mats I'm
cars, and 1900 head of hogs.
The leading futures ranged as follows: