Omaha daily bee., 1895-03-10
COMMERCIAL and FINANCIAL
Wheat Shorts Became Buyers and the Close
Was Strong,
DAYS BUSINESS IN CORN WIS GOOD
BuiIish Feeling in other Grains Took q
Hold on Oats and For n Brief
Period Trading Was
Good.

CHICAGO, March 9.-The market news
today was almost exclusively and somewhat
enthusiastically bullsh and May wheat
closed with sc gain. Corn gained &c and
oats &c, but provisions finished slightly
lower.
In wheat the most prominent feature of
the early news was the Michigan crop re-
port. The total of last years wheat crop,
which was 2l, 900 bu. for the state. has
already been used up, and therefore there is
no wheat in Michigan now, but represents
surplus age from previous crops. The
weather was cold, and, after a spell of mild
weather and rain, 1t had turned cold enough
since the day before to convert the rain
and melted snow in the wheat fields into
sheets of ice. The weeks exports of wheat
and flour from both coasts amounted to
3,2f2,O0 bu compared with 2,6S9,000 bu. a
week ago, and 2.S5l 900 bu. year ago. The
primary market receipts were $4,000 bu.
against 29l, 900 bu. last week. The Liverpool
market was quoted firm with an upward
tendency. A dispatch was received stating
that Newport News had shipped 5000 bbls.
of flour and $1,000 bu. of wheat in twenty
four hours and that freight engagements had
been made for the shipment of 900 bu. of
whea during the remainder of the month of
March. Shorts became buyers and the mar
ket wound up strong. May opened Ac
higher, at dssc, and did not get below 5ihc,
closing at 55c.
The days business in corn was good In
amount and generally on the up grade in
the matter of prices. The carload market
was firm and made a similar advance to that
made in the pit, and, although the demand
came chiefly from the elevator people, the
through billed market being comparatively
slack, New York advised acceptances of
cable offers made from there yesterday and
that market was quoted firm in consequence.
The export clearances from the four prn-
cipal Atlantic ports were very light, but 237,-
900 bu was reported cleared from Newport
News. May opened at from 453sc to 45Ac,
sold up to 45Ac, and closed with sellers at
the latter figure.
Today the bullish feeling in wheat and
corn also took n hold on oats and for a
brief period considerable activity was no.
| ticeabe This, however was cut short by
the closing bell before any special factors
could materalize Prices followed those of
corn, opening about steady. selling up and
resting at the top prices Of the day. May
being 29B and 29l4c to 29l2c
| The provision market lost a trife OF the
| buliish feeling which was so prominent the
| day before. Pork opened with drop from
| $ll, as it closed yesterday, to SlOS5 and
| sold as low as $l0S2la Afterward tbs
strength in wheat and corn gave ''bracer
under which it's spirits rose. The, price "a ad; 4;
vanced to s10.97is, and 1t closed at sos.
| sellers a decline of &c for the day: Lard
and ribs dropped 2lac on yesterdays clos
| ing values. Baldwin and Sam Woln were
| the most prominent buyers and the CudahS
| Packing company the best seller.
| Estimated receipts for Monday: Wheat
| 80 cars; corn, 1S5 cars; oats, 125 cars; hogs
| 45. 900 head.
| The leading futures ranged follows: