Omaha daily bee., 1896-11-07
COMMERCIAL AND FINANCIAL
Thursdays Decline in Wheat Recovered and
Two Cents Additional.
FOREIGNERS CREDITED WITH BUYING
Corn Market Hung Back for n Long
Time nnd Not Until wheat
started I'D Did IL Be-
come Active.

CHICAGO, Nov 6.--Ycsterdays decline
OF 2Esc per bu. In wheat was all recovered
today and about 90 besides The net gain
today was &c, December bringing from iSc
TO 7sisc at the close. Corn and oats adj
vanced aic and sc respectively. Pork and
ribs advanced &C. and 2iac; lard unchanged.
There was n good trade and more active
market IN wheat today. prices being sub
joct to frequent changes within the es-
tablshed range OF from SAC to 3iac. The
feeling developed was stronger at the start
and initial trades were at from &c to iisc
advance and under a good general demand
sold up gradually &c, cased off from &c
TO nc, advanced 2"c, ruled steady and
closed with from ic to 4lsc gain The
strength was due to a great extent to the
sharp falling off In the northwestern
movement receipts in that section being
482 cars smaller than last week and SOL
cars under those of year ago. Cables, too,
were quite factor, early adviccs quoting
spot firm and I'D higher and futures I'd
decline. which, In the face of the break
here yesterday, was rather surprising. The
market was also helped by San Francisco
advices, stating that four cargocs were
worked there yesterday for Australia, the
total aggrcgating $4,000 bu. Foreigners
were credited with doing some buying and
St Louis was rather active on that side
outside markets were all stronger. Sew
oral of Yesterdays sellers were good buy
ers early. The cash situation was also
considerable of an influence, a good gen
cral milling inquiry existing. The Ohio
crop report was favorable, reporting the
area seeded to winter wheat 90 per cent
of last year and the conGition 90. ArgCn-
tine adviccs stated that prospects there
for the crop continued good. The market
was helped later in the session by the
closing Liverpool public cable, which
quoted spot 1iad higher to Id lower and flu
lures Id to 1hd higher. Exports were i73.-
600 bu. of which $4,000 bu were i'm flour
Closing continental cables were all lower
The market bulged sharply toward the
was renewed talk Of the situation I'm Rus
STA, and Danubian stocks were said to be
decreasing. December opened &c to li.c
higher at from Ijc to 7jltc. sold at 7i7sc
TO lSisc at the close.
The corn market hung back for n long
tlme and not until wheat started on it's
bulge did corn participate to any great
than the estimates while the Withdrawals
from store were 3J3 1jl bu. The Liverpool
market was firm at I'D rcvancc for the
DAY. May corn started at 2SiAc, reacted
to 2Slac and held within that range until
near the close. when 1t rose quickly to
&lsc, and 29c was bid ut the close.
In oats the feeling was firm throughout
sympathy with wheat and the strong cash
ugmhnd were the principal factors, coupled
with lighter receipts. May opened nc
higher at 1870, sold at 1Saic and advanced
TO l9llC at the close.
The market for hog products opened firm
NJ a little advance on yesterdays prices
but there was always plenty for sale when
any one evinccd an inclination To btIy Al
the close there were gains for the dav of
DC IN pork and 2lGc I'm ribs; lard wound
up NJ the same price as on the day before
ESTIMATED receipts for tomorrow are:
cars; hogs, 5000 head.
Inc leading futures ranged as follows.