Omaha daily bee., 1896-01-25
COMMERCIAL and FINANCIAL
Trading 10 Wheat Yesterday Wa Rather
Small.
EARLY FLUCTUATIONS WERE LIMITED
Corn Was Quiet md Appeared to
Need All the Assistance
IT Got from
wheat.

CHICAGO, Jan. 24.-The trading in wheat
today was rather small and fluctuations mar
row until about half an hour from the close,
when big covering orders caused a jump OF
1I2c. May closing that much higher. Corn
and oats were upheld by wheat and closed
Lc higher each, and provisions closed with
slight gains.
Wheat, during the morning, was quite
nervous, though the fluctuations up to noon
had been only about &c. There were a
good many disquietlng rumors afoat con-
cerning the gravity of the political compli-
cations growing out of the reported treaty
between Russia and Turkey, and an effort
was made to create something of a war
scare, but the fact that consols were higher
than yesterday, and as Liverpool showed but
little advance, these rumors fell fiat. Then
n cold wave was said TO be working its way
into the southwest and the winter wheat
was said to be in danger. Another rumor
was started that foreigners were heavy buy
ers at the seaboard and that Partridge was
taking the long side of the market, having
fully covered his. short line. But the under
current was so weak that. all this did not
little disposition to take the long side. and
the buying seemed largely from shorts to
s sbont 1 Rt 30 O'clock 5ae W mna1 foiiowed by twenty
minutes of considerable excitement and u
lively advance in that time Of l1sc, Ma
advanced to from G2%c. to 627Sc, and after
that and up to 1890 o'clock IT had many
rapidly from around 62ac to 6isc. No end of
theories were advanced to account for the
latter jump. New York was said to have
heavy buying orders. here, and a large. but
indefinite number of boat loads were said to
have been taken at seaboard for export. The
truth seemed to be that some of the recent
heaviest trading bears had been buying
wheat quietly all the forenoon and the scalp
ing crowd had got short: August Brosseau,
line of over 1000. 900 bu., put brokers in the
pit TO buy 1t in just as the market started on
ats bulge, and that touched off the latent
bull feeling, which sent the. price up with a
price was from 6ihc TO 6il4c. The transac-
tons in the last twenty minutes of the SEES
sion were simply and probably
averaged 1,O00,O0 bu. during every minute OF
that time. =,
Corn was quiet and appeared to need all
the assistance 1t got from wheat. May
opened at 20lsc bid. dropped to 29Ac, and on
the final bulge In wheat wound up at 29Sc.
tically deserted during the greater part OF
the session.
: In oats there was but little activity, and
the market was practically featureless with
the range of prices narrow. May opened nc
higher at 2ossc, sold at 2Okc, advanced tc
20Ac and closed there.
The provision market was strong and &C
tive for a few minutes at the beginning OF
after, although closing at a shade over yes
terday's closing quotations. Pork rose 1Oc
at the start and closed with n net gain fol
the day of 2lac. Lard rose &c and rested a
the same price as on the day before. Ribs
advanced lOc and retained SC of that up &c
the close.
Estimates for Saturday: Wheat. 60 cars
corn, ass cars; oats, 2o cars; hogs, 1900
The leading futures ranged as follows:
il - Ti-.--