Omaha daily bee., 1897-01-16
COMMERCIAL AND FINANCIAL
Wheat is Wobbly and Neither Bulls N r
Bears Are Pleased.
AoSe IS AT A HALF-cENT DECLINE
Curn and oats Fiuctuntc ON varying
Influences and Are slightly
Lower at the End-proyi-
sions Also Down.

CHICAGO. Jan. 15-Wheat today alter
natcly disappointed the bulls and the
bears with the former suffering at the
close which was at igc decline. The weak
ness was apparently entirely local. aS
statistical news hardly warranted the de-
cline, The other markets were also wobbly'
Corn and oats Mc lower and provisions
5ml2iac lower.
In wheat tle local spectators, seeing AT
the opening but "A weak reflection from
Liverpool OF their own bulishness on the
previous afternoon, became disheartencd as
usual and began offering wheat at con-
cession from the previous days closing
value May started with sellers at from
SOiac doSn to SO2.c compared with yester-
days closing price of from SOlac to SO1sc'
and in a very short time IL was skirtins the
even soc figures. 1t dipped for a moment
to l-l6C below soc and then turned quickly
in the opposite and upward direction, reach
ing S05sc before more than twenty-five
minutes of the session had gone by, The
Liverpool opening showed only "a auEanGe
Chicago, but Paris was little higher and
Berlin reported a gain of l mark Ihe
Chicago receipts were only eighteen car
loads, while the amount Inspected Out OF
store was ISL OOO bushels; Minneapolis ana
Duluth reported 29 car carloads 9iS m reGeiYSa zee ,a
corresponding day of. the year before New
York advices were that trade was llght
with no orders from abroad either way OF
the market. The exports from tie sea
board were moderately good at i2S;SOC
bushels in wheat and flour, but did nothing
for tho bulls inasmuch as the heavy tota!
Of the day before made todays figures
look small in comparison. The first ad-
Sic for the moment was chiefly occasioned
by the timidity of the shorts and fears
port, which, however, It was reported later
in the day, would not be issued til tomor-
row. The sale of 10000 bu No. spring wheat
house which had the wheat in New York
held the market for a time, but as no other
li.OC0 bushels sold acre to country mllers
tine market got once more under the con
trol of the bears, and the price aeain got
and closed al soc.
Corn was dull, but inclined to be steady,
became SO decidedly weak That, and OK
pectations of larger receipts in the I'M
mediate future, broke the market. At
lantic ports cearances an amounted to thS
it was not much over one-third of those
reported Yesterday. May opened about
c.ined to 2i5sc, where it closed.
oats was comparatively steady early,
with wheat. but declined later, and the
market from that time to the, finish was
long stun, but mostly selling by shorts
May opened a shade lower at 19c, and
sold down to 1880, where 1t closed.
Provisions were frmer at the opening
and shade higher than at the close
OF the previous session, but subsequently
yn,al, %f,akensdi Sl ThG opening Grmness was
ings were light but some pressure to
Sc was soon noticed, and sharp break
i2iac lower. at ssO2la; May Lard Sc Go% lower %a
lower, at Si12l9.
Estimated receipts Saturday: Wheat. %
cars; corn, go cars; oats, 22S cars; hogs
2i,OO0shead.
The leading futures ranged as folows