Omaha daily bee., 1895-09-20
COMMERCIAL and FINANCIAL
Experts on the Board Work the Small
Traders as Usual.
BOUGHT EARLY AND SOLD LATER
Free Realizing In Wheat and the
Withdrawal of buyers Broke
Prices and the bottom
Fell Out.

CHICAGO, Sept. 19.-The bulls had a
generally hilarious time for a while today,
but there was a large substance before
the close. Some of the most urgent buy
ers of wheat sold during an advance today
and the price at the close was lac below
the highest price of the day, and Csc lower
than 1t closed yesterday. September corn
had a bulge of llic, but retained only &c
of 1t at the close, and oats finished I'M
changed. a fair inquiry for January pro-
visions caused a slight advance all around.
Wheat was easy and ssc lower at the
start today, but at once began to develop
strength, and finally sold up 1ssc, with con-
siderable activity and not a little excite
ment, but on free realizing sales and the
withdrawal Of buyers the price finally
weakened. The legitimate situation had
undergone very l!ttlc change; cables came
1ad higher and domestic markets were
better, and the local sentiment still con-
tinued bullish. Shorts were active buyers
anu there was also some INVESTMENT De
manded, while there was little disposition
TO- sell dnT RI the early part OF the se s
tor, and while he is supposed to have COW
cred from 2,OO0,OO0 to 100000 bu. yester-
the early part Of the session today, and
many OF the small shorts followed in his
wake. Cudahy was talking bullish and had
numerous brokers In the pit taking wheat
freely and bidding for 1t actively, while
e ga'dM Snd d aided Ear l]argel we're 'te d tbe Go oSr oIHi Se
they have been accommodating for some
time. All this, with the light local receipts
and primary deliveries generally were
likely to soon fall off, were governing fac
somewhat excited market, resulting in the
advance noted; But after a time buyers
began to withdraw and the longs began to
selling pressure and fell. December opened
at sg95sc, sold to 59Ae. then up irregularly
was 6OLC. SeDtemher sold uD TO Gle. aud
May up to 6ilac. but both eased off. The
hour, and December sold off TT to u 5ob cue where ieTs
It closed. Partridge stopped buying after
the price got to Gle, and Baidwin-Far-
ers early, started to selling, and as soon
as this was discovered the bottom went
Corn was active and higher, Influenced
largely by the strength In wheat, and the
covering by shorts was active, especially
largely oversold, and as there is only about
100000 blu. of contract corn in store, and
that largely owned, by the elevators, there
was n wild scramble to buy it. May went
up IN sympathy with the price for Sep
f ber set;l s at fr 615h s %eak ta sdm later n, Sspt tenn
to 331Sc. May sold at from 295sc to 3Oc, off
to 292sc. The market ruled easy during
a great deal of selling and the demand
was lighter, shorts having covered freely.
Oats were strong in sympathy with corn
and the short demand. May sold at from
2l!hc to 211ac, off to 211sc. and closed at
2lAc.
Provisions were firmer and closed slightly
higher than on the day before. The trade
was not brisk, but there were buyers for
January at some increase over yesterdays
prices, and that delivery was relatively
rather stronger than October. At the close
pork was higher by 22c for October and
TIC for January, Lard and ribs were each
up 2hc per 100 lbs.
receipts for Friday: Wheat. go
cars: corn, $50 cars; oats, $50 cars; hogs,
II, 900 head,
The leading futures ranged as follows: