Omaha daily bee., 1896-10-25
COMMERCIAL AND FINANCIAL
Holders Of Wheat Become DemoraliEed and
Sell Again.
MARKET EXTREMELY NERVOUS ALL DAY
First Transaction Mndc Mt Figures
Three Cents Below the Closing
Price OF December wheat
on Friday.

CHICAGO Oct ei-The wheat market
got back into the COS today under semi
Generalization OF holders who were non
pussed this morning at finding Liverpool
opening cables showing a decline OF 2isd
in the face OF our advance yesterday. The
market was extremely nervous. all through
the session, but with a steady downward
tendency. About the only support given
to prices was by holders OF puts and the
few lucky ones who stood short over night
December wheat at one time showed a
loss of &c from yesterdays close, but re-
covered atc near the end of an advance at
Paris equal to from &c TO Be- per bushel
Corn and oats were comparatively firm on
a big cash demand showing declines at
the close of from nc to sc and NC re-
specuvely. Provisions were firm, closing
about unchanged on hog receipts of 5000
head and big cash transactions in prod
ucts.
The price prevailing al the close of yes
terday's session was T3c for December
wheat. The first transactions this morn
ing were at from 1o1sc down to 10c. A sale
or two i'm the confusion of tho start was
made at 692i very little at that mo-
ment brought over T0c, but In the course
of the next half hours business there was
gradual advance to 7O5sc. Besides the
discouragemcn of the decline at Liver
pool the heavy movement of spring wheat
in the northwest again held up its hands
for recognition. and some eyes turned TO
its contemplation that had previously been
steadily looking in the direction of India.
Australia and Africa, away over the mat
tiers of more immediate concern which were
daily occurring. Minneapolis and Duluth
reported receipts of loss cars, compared
with S35 Saturday of the week before and
LIS the corresponding day of last year.
The weeks receipts at those places num-
berCd 1913 carloads, against 6,GGi the pre-
gentine shipments for the week as on
clally reported were double those of the
week before. but were still only 9s 600 bu
New York reported that English houses
We're free sellers of wheat there at the
opening, but that numerous buying orders
from the continent were executed at the
thought the Liverpool decline was en-
sineered from here by leading elevator in
forests to lessen the strain upon them for
margins on their hedges. December after
holding steady for time around 70Tsc. de-
ciined regularly to Gee. Then followed n
rally 10 6Gc, with reaction to 69a.c at the
close on continental cables indicat ting big
advances at Paris, Berlin and Antwerp.
o me corn ma market was remtrkably Arm
started at from 275sc to 272,c, sold at from
At that after numerous ups and downs be-
tween that price and 2Sc. The outward
i24pO bu. were shipped from here In the
last twenty-four hours and 2S2TOOO bu.
from the seaboard to Europe for the week
oats. like corn, closed shade lower hut
when compared with the weakness in
wheat We're relatively firm. a good de-
mand existed for shorts. also from the
outside. The latter part OF the SEES
sion was Of a rather different nature
and prices fell off. but rallied again before
me close and showed but a small loss.
May opened at 2liac. sold up to 2ls.c. went
or to 2ssc and was offered at HJ5c AT
the close, showing a decline of 2sc since
yesterday.
Provisions were not affected to any ex-
tent by the market in the wheat pit The
oterlnSs or tn" hos products We're quite
lhconslderable and while no one bid FOR
much there was no trouble in placing the
small offerings The business was nota-
bic FOR nothing but its quiet iirmness. The
run or hogs was 1900 head January pork
opened AT IRON $50 to SIS rose TO s. %
and closed as 1t did yesterday at s7.s7 Lard
and ribs each pursued a similar course,
Closing IN the end at the same price as
on the day before
Estimated receipts for Monday are.
Wheat 2eo- cars; corn, gg9 cars: oats ans
cars; hogs. 10000 head ~
The leading futures ranged as follows:
Art cleS. Open / High / Low = -r,t,.a,-