Omaha daily bee., 1894-03-17
COMMERCIAL AND FINANCIAL
After a Dull and Easy Session Wheat
spurted at the Close.
CORN WAS WEAK AFTER THE OPENING
Provisions Opened Firm at a Slight Nd
vance III P~rices-pnckcrs Generally
Reported a Fair Inquiry
for Cash Meats.

CHICAGO. March 16.-After a dull and
easy session wheat spurted at the close and
finished &c higher than yesterday. 1t was
wired from New York that millers there
had bought $50, 900 bu. Of No. 2 red winter
and had taken 75o,O bu. of No. ! northern
at G5Mc. At Buffalo It was also reported
that exporters had taken 10 boatloads be-
sides Of No. 2 spring for immediate loading.
This sent the price up &c after May had
touched 5Sc and the close was but &c from
the top. Fine weather and discouraging
cables had previously kept the price down.
May corn closed &c lower, May oats hc
lower and provisions lower all around.
Wheat was very dull. There was nothing
10 enliycn it. Previous conditions were un-
changed at the opening and up to within an
hour Of the close there was no fresh news
of sufficient weight to turn the scale OF gen
eral opinion. Liverpool markets were dull
at unchanged prices. The weather was still
favorable here and the receipts and ship
mcnts did not vary sufficiently from the re-
cent daily average to disturb either shorts
or longs. Chicago receipts were ii cars,
compared with 1876 a year ago. Minneapolis
md Duluth reported a total of 209 cars, com
pared with ga on the corresponding day OF
last year.
A good inquiry for cash wheat at New
York, both from shippers and millers, was
reported there and Minneapolis and Duluth
opinion continued OF the same bullish tenor
as ever. The exports from the four Atlantic
ports amounted in wheat ana flour together
to 545, 900 bu., and when reported gave a
little support to prices. New York estimated
a decrease in the visible supply for the week
of 100000 bu., and those who are in the
habit of estimating It here made a similar
guess. The opening price for May was 5Sc,
and 1t ruled between that and 5SMc up to
within twenty minutes of the close. The
bulk of the days transactions were at $3.50
and 5Shc. Reports received from New York
just before the close advised the purchase at
Duluth by New York millers of rs, 900 bu. of
No. / northern, while 900, 900 bu. were bought
here for the immediate loading. The latter
was all No. 2 spring and closed the market
up strong at 5S1sc, but duh.
Corn was weak after a short spell of
steadiness near the opening. The receipts
for the day were 264 cars, against 2S5 esti-
mated, but estimates for tomorrow amounted
to $40 cars, which was n weakening influence
and was Instrumental in bringing about the
decline which succeeded the early steadiness.
The opening for May was 37Ac and it had
declined to 37hc by about 1890. The mar
ket strengthened toward the close in SYM
pathy with wheat and May was worth 37tsc
at the close.
But a very light business was transacted
in oats. The market was somewhat lower,
Influenced by the fine weather which has
increased the receipts and also by the de-
cline in corn. Very little stun was ofered
and buyers were. few. Trading was equally
local and mostly by s~calpers. Todoy's ar
rivals amounted to IA cars more than were
expected yesterday. May opened from sc
to &c under yesterdays price, at 30Hsc to
BIC and sold gradually down to SOKc. The
market frmed up slightly before the close.
May sold up at 303sc and was offered at 30Ac
at the end. Hess was reported to have
bought freely.
Provisions opened firm at a slight advance
In prices. The International and the Chicago
Packing company were fair sellers at the
opening. The packers generally reported a
fair inquiry for cash meats. There was some
decline on the selling and buyers held aloof,
apparently expecting lower prices. The mar
ket backed down and filed a little during
the day and acted fairly steady after the
first decline, until George Goodwin, about
half an hour from the close, made one of his
characteristic raids, which had the effect of
knocking zoe off the price Of pork in a few
minutes. Closing prices were near the bot
tom. Compared with last night, May pork
Is 15c lower, May lard, sc lower, and May
ribs. &c lower.
Estimated receipts for tomorrow: Wheat,
AZ cars: corn, $40 cars; oats, 270 cars; hogs,
AZ, 900 head.
The leading futures ranged as follows: