Omaha daily bee., 1894-03-25
COMMERCIAL AND FINANCIAL
Reports Of Damage to Wheat Did Not
Scare Traders Yesterday,
CORN WAS WEAK AND BUYERS WERE FEW
Oats Failed to Attract Attention-rrovision
Were Rather Weak, but the Change
In Prices wa Of Little
Importance.

CHICAGO, March 2i.-The absence Of for
eign news and the fact of today's short SEES
sion being wedged in between two holidays,
made business on change easy and rather
weak, the closing being steady, with scarcely
any change from Thursday afternoons quota
tions. Corn averages weak and left off with
a gain of &c. Provisions were weak and
closed 1Oc lower for pork, unchanged for lard
and 7kc lower for ribs.
Wheat started easy and dull. The weather
was cold and raw In this vicinity and the
temperature in the far northwest of the
British provinces was down to ~ below zero.
There was a disinclinatlon to believe that
the cold had damaged wheat. The Milwaukee
signal service said: Severe cold wave to-
night and Sunday. Temperature will fall to
zero in northwest part of Wisconsin and to
10 above in the southwestern part. Low
temperature probable for several days"
All that did not appreclably affect the
traders, who were much more impressed
with the very favorable crop prospects indi-
Gated by the Illinois state report. There
were no market cablegrams. foreign markets
being all closed. May wheat opened at 51Ac,
as compared with from 57A to 577sc at the
close on Thursday. In the course of the
next twenty minutes it sold off to Size,
which was a return to the lowest previous
price of the season, 1t having touched that
point February 16 last. II became frmer
after that. selling UP to 577sc bid later in
the session. At the latter point POol-Sher-
man sold about 800, 900 bu., supposed to be
the long wheat of sOulc customer, and that
caused a reaction from 5TFsc to size. but
the possibility of damage from the frosts be-
fore Monday morning exercised a slightly
restraining influence upon sellers, and 1t be-
came slightly flrmer again before the close.
The estimates on the visible supply varied
from 2,250, 900 to /. 800, 900 decrease. The
market closed up firm at from 57Mc to 577sc
for May and $3.50 bid for July.
Corn was weak. with no buyers except
those who had previously sold short. The
receipts were 347 cars for the two days, and
the local crowd were inclined to sell. Bart
lett-FraZier were buyers in a conservative
way. May opened at from 371sc to 37hc
and for a long time held between &c and
37isc, but toward the close of the
session it dropped to 367sc. In the last few
minutes the tirmness of wheat caused some
more covering of shorts and the price re-
covered to and closed at 371sc.
The oats market was equally as dull, If
not more so than corn and wheat. The
cash market was also dull and somewhat
two days brought in the market and with the
usual Saturdays limited demand. At the
opening May sold at 3O&c. 1t then sold at
307sc. At the close 30Tsc was bid.
Provisions were rather weak, but the
change in prices at the close did not vary
very radically from Thursdays closing
prices. Pork is 10c lower, lard unchanged
and ribs 71Ac off. Receipts of hogs for
the day amounted to $4,000 head and yes
terday's receipts were 81 .512 head. Bald
win was a seller of ribs for May at the open
ing and the Anglo-American Packing COM
pany sold pork.
Estimated receipts for Monday: Wheat,
SO cars; corn, 1855 cars; oats, 200 cars;
HAIRS 90 mn hand