Omaha daily bee., 1897-01-23
COMMERCIAL AND FINANCIAL
Cash Business at the Close Gives Wheat
Final Boost.
EUROPEAN DEMAND ALSO A FACTOR
Corn, Oats and Provisions Are All
Dull Markets, but the Prices
show Only Insignincnnt
Changes.
EUROPEAN DEMAND ALSO A FACT0i

CHICAGO, Jan. 22.-wheat had many
changes today, but In the end had climbed
&c above the price II closed at yesterday
due to a little cash business near the end
of the session, which caused some covering
by shorts. Corn and oats were very dull
and closed at practically unchanged prices
Provisions show a slight decline.
In wheat the opening range for May was
from 792sc to 79H799sc compared with yes
terday's closing price of from t99sc TO 1885,
and after selling very sparinsly at from
79hc to T9Ac 1t recovered slowly to i91Zc.
Nothing in the foreign or domestic news
TO hand before the opening was of n strong
enough character to influence market opln-
ion to any but very moderate extent. Liv-
erpool was quoted easy and I'D lower for
spot wheat and unchanged but dun for
futures. There were inquiries here from
the other side at the opening, but they were
below a working limit. Chicago received
20 cars of wheat against SS a year ago.
Minneapolis and Duluth reported receipts
of 2I5 cars compared with 2S5 a week ago
and 356 the corresponding day of the year
. before. Atlantic port clearances were 35l,-
900 bu., including aour. The inquiry for
cash wheat was good, this fact being one
OF the redeeming features of the market
A telegram from st. Louis stated that
nearly every mill there will be closed next
week on account OF the continued accumu-
Iatlon of wheat The price of May here
meantime had risen to 19Ac. but the re
ceiver, of the telegram just referred to sold
enough to knock 1t down again to 19hc
New York, however reported the demand
there improving for cash wheat and fl lur
exporter here said that he sold 1900 sacks
of -four to the United Kingdom yesterday
and had n request by cable for the first
timo In two months from Scandinavia and
Germany for offers. This caused the mar
kct to become frmer again and in the last
half hour May rose to 19Ac, with sellers at
tkat price at the close
Corn was quiet and fcatureess, with
prices keeping within narrow range. There
was very little speculation and the feeling
was easier early, but improved a tribe,
with the Atlantic port clearances at 4i6 OOl
bu. May opened a shade lower at 2ic, sold
between 2ilAM23Hc closing steady at 2ilsc
oats showed but little life up to within
n short time before the close Prices were
controlled to great extent by the fiuctua-
scored early, which was lost later under
commission house liquidation. May opened
unchanged at 1i7sc sold a shade higher
then went back to 17Ac, and closed at 177sc
bid
Provisions were weak at the opening and
during IA great part of the morning, due to
the large hog arrivals at western packing
centers and some selling by packers. The
decline was only slight to begin with, but
increased during the forenoon, and not un-
I'll wheat became firm near the close was
there any sign of recovery. 1t picked up "A
little then. At the close May pork was 2tkc
lower at $795; May lard 2l4c lower at 405;
May ribs 2lac lower at $10d4l2Ia.
Estimated receipts Saturday: Wheat 30
cars; corn. 23O cars; oats. 1876 cars; hogs,
25000 head.
The leading futures ranged as follows: