Omaha daily bee., 1895-05-12
COMMERCIAL AND FINANCIAL
After an Early Decline Wheat Wound Up
Strong Yesterday.
CORN WAS DULL AND INCLINED LOWER
Oats We're Lower and for n Saturday a
Good Business Was Transacted
Provisions Closed with u
Slight Gain

CHICAGO. May u-After an early de-
cline, wheat wound up firm today on the
frost scare, July closing 7sc higher. July
corn closed Ac lower and July oats &c
lower, while provisions made slight gains.
Wheat opened at from G27sc to sc for July
as against 637sc at the close OF the previous
days session. That decline was a con-
tinuation and in consequence of the effect
of a decline on the curb yesterday after
the government crop report was received
Apart from the government crop report and
some more rain, the news of the day was
for the most part bulish and the market
soon began to feel its effect. The shorts
expected to find enough long wheat for
sale to satisfy all their wants and enough
over to keep the market declining while they
were securing their profits. 1t was not that
sort of market Frosts were predicted
for many sections of the winter wheat
belt tonight, and the belief was expressed
that while they are not likely to do more
than retard the hitherto too rapid growth
of wheat, they may cause the replantng of
a good deal Of corn, and in that way sym
pathetically affect the other cereals The
shipments from both coasts for the week,
including both wheat and flour, were $780,
900 bu., against 2,555OOO bu. a week ago.
For twenty-four hours the Atlantic port
clearances were 1895, 900 bu., 30l 600 bu. of
which was in the shape Of raw grain. The
fufF'E1 markets were all lower, but that
was owing to American advices, the pri-
vate Cablegrams said. Minneapolis and Du-
with III cars year ago. Decreases since a
| week ago are thus estimated, according to
from the Places
| 90 bu.; Minneapolis, 100000 bu., and St
Louis, 100000 bu over 100000 bu. decrease
is looked for in the, visible supply. The
market began to rise Immediately after the
| opening, and continued ascending steadily
to the close. From 625sc there was an ,ad-
and with 64Ac the latest trading price. The
prediction Of general frosts throughout the
mental in giving the market its firm tone
Corn was dull and inclined to go lower for
wheat commenced to show such cheerful.
ness. The opening for July was at from
5o12c down to 5O1sc and it struck soc before
5Ohc, and from that declined to 5OAc be
fore it made final rally to 50lac. The trad
ing price at the close was from SAsc tc
market is quoted firm and Sd higher
good business was was transacted M Free selling
by Patten Bros, Darlington, Hannah anC
Bartlett-Frazier caused the weakness To
ward the latter part of the session these
| firms were endeayoring to recover the mar
ket by taking back part of their disposals
rally did not reach yesterdays last quota
| tions. June started at 2SAc, sold at 2Sl2c
declined & to S S ana "a Sac SIose6 "a at osS SSc
bid. May for 1896 was very active, showing
considerable strength when compared will
ing 295sc, an advance to from 2935c to SOc
| where it closed.
I Provisions closed with slight gain, afte
| a very quiet days trade. Hog receipts
We're 5000 and for the next week 1850
previous days closing prices for Septem
ber, pork is 7lac higher and lard and rib
each 2kc higher.
Freight rates firm at 1Ac for wheat, rs
for corn and 1c for oats to Buffalo, and 212
for corn to Kingston.
Receipts for Monday, estimated: Wheat
26 cars; corn, 293 cars; oats, 226 cars; hogs
The leading futures ranged as follows: