Omaha daily bee., 1895-09-19
COMMERCIAL AND FINANCIAL
Shorts Took Alarm and Became Quite Eager
for Wheat.
THAT CEREAL ADVANCED SEVERAL POINTS
There WAS n Brisk Trade In Corn
Futures and the Sale of
Cash Hog Products
Was Heavy.

CHICAGO, Sept. 1S.-Shorts took alarm
today and became so eager for wheat that
December sold at 1iac advance. May corn
gained sac. May oats Ac and provisions also
scored advances.
Wheat ruled more active and decidedly
strong, selling up during the first hour lac
from the close last night, and while there
was a considerable reaction later the aver
age was from lie to 1Ac above the close
yesterday. A feature of the market was
the sharp advance in September, which,
under a brisk demand. was bid up to the
same price as December, where 1t was fully
1c discount at the close yesterday. There
seems to be a large short interest In Sep
TENDER, and when an effort was made to
cover 1t was soon found that 1t was eX-
tIemely difficult to buy it, and hence the
wild and excited bidding which put up the
price. There was nothing sensational IN
the news and nothing that was especially
bullish but sentiment seems to have turned
cables came flrmer and domestic markets
are all higher. Partridge, RoSencranz, Bros
seau. Schwartz-Dupe Logan and BALDWIN
and Farnum were all good buyers, part 10
cover shorts and part to Increase long mes ;,
while the offerings were light ana largely IN
the way of realizing profits on long stun by
scalpers. The receipts In the northwest are
again LIBERAL, 100 cars, against iVo a year
ago. Primary receipts are, however
smaller than yesterday. and there seems to
be a growing impression that country de-
iiverles are sure to fail off. December sold
from 59Ac to 60%sc, off to 59&c, then to 6O3sc,
and at noon was 6OAc. September sold at
from 5S2c to Soc, and noon was 6OIsc. There
was another squirt in wheat during the last
hour, December selling TO b0Ac and Septem-
Der to 60hc, but free realizing broke Decem-
Der to 60kc at the close.
There was a brisk trade In corn futures.
The strength of wheat was an item in the
creation of a frmer feeling in corn, as no
tlceable in the fact that May as well as the
nearer months brought a higher price. May
opened at from 29$sC to 29zC, advanced 70
29Ac, and during the greater part OF the
session it kept within the narrow range oil
29Jac, and at from 29%c to 29Ac. Before the
close September sold at SSAc, and 1t CLOSED
at 337sc.
mand did not show the strength whicf
wheat and corn developed. May ranged al
from 2lc to 211ic, and September held al
19lsc. The market kept firm during the
last hour. but there was not much activity
May closing at 2lhc.
The sales for cash of hog products were
reported to be heavier than on any day FOL
a month, and that caused some buying II
of January shorts. October was relatively
weaker than January during the greater
part of the session, which was rather con.
Trajectory of the reported big sales of cast
products. That condition of affairs wa
remedied in the end, except In the case o
pork, closing prices of which showed
gain of only sc In October, against l212
rise in January, but both October and Janu
airy lard closed &c higher and october ant
January ribs were each 2lEc higher.
Estimated receipts for Thursday: Wheat
60 cars; corn, $40 cars; oats, $50 cars; hogs
2l,000 head.
The leading futures ranged as follows: