Omaha daily bee., 1895-12-14
COMMERCIAL AND FINANCIAL
Bears Had Things Their Own Way in the
Grain Pit.
HEAVY SELLING HAD MUCH EFFECT LATER
Days business In Corn Amounted
to n Considerable Total, Com
fined Largely to May
Delivery.

CHICAGO, Dec. 13.-The bars had mat
tiers their own way in the grain pit today,
wheat showing a decline of re and corn
and oats selling lower than they were ever
known to be before. The northwestern re-
celpts of wheat were heavier at $50 cars,
compared with 96 cars a week ago and
429 cars a year ago. That had ltte in
fluence in favor of the bears, and some re-
ports concerning the probable export sur
plus from the growing crop in Argentine
became a bearish factor later in the day.
Later still the report that stocks for the
week at Minneapolis and Duluth would on
Monday be found to have Increased 100000
blu. brought more grlst to the bears mill.
Some heavy selling, perhaps, 100000 bu.,
said to be for the firm which has been re-
Gently suspended for bucket shop afhilia-
tions. was a prominent feature of the lays
transactions, and rumors were current in
the pit that the wheat so sold was part OF
"a line of 1000, 900 Blu. which belonged to
one of the partners of the firm. st. Louis
sent a message saying that red winter
wheat, which was quoted worth Tic there
yesterday, could be bought this morning
and fuctuated during the forenoon between
GOhc to .6O5sc, and GIG. After that the
heavy selling began to have n more telling
effect, and about half an hour from the
end of the session the price was down to
GOassc. at which figure 1t closed.
a considerable total, and the trading was
largely confined 10 the May delivery. New
low price records were made. May corn
amount of the. days decline would not
be considered of any material consequence
except for the fact that previously prevailing
prices were 'unprecedentediy low. The
immensely of the crop has apparently
caused a general desire to keep off the
long side OF the market, and left to them
selves. the bears seemed disposed to discount
zero. Patten Bros. and John +. Barrett
& Co. Were rather heavy sellers. The
former disposed of probably 400, 900 bu. May
opened at 2SAc, sold down to from 2S3sc
to 2Slac. and closed at 2Si9c bid.
Another lowest price was established
in the oats market. but there was little
activity. Longs We're selling out some of
their holdings and shorts We're covering to
some eXtent-a general evening up all round.
i. G.. Logan was quite prominent as n
free seller, but, ne one else distinguished
was slightly firmer, due to a good demand.
der where they closed yesterday. May
started at from 19Ac to 1890, and closed
there.
Provisions started firm and advanced a
little, but only a small fraction of the addi-
tion to prices was maintained. Smaller re-
started some buying, but when a slight de-
gree of frmness had been secured the
packers fed out as much as buyers could be
found for without materially lowering the
price. Pork had a gain of TIC at one time.
but closed unchanged for January and SC
but retained only eye of it. Ribs rested
with 2lsc additional.
Estimated receipts for tomorrow are:
Wheat. 100 cars; corn, 500 cars; oats, 12O
cars; hogs, 22,000 head.
The leading futures ranged as follows: