Omaha daily bee., 1897-02-06
COMMERCIAL AND FINANCIAL
Wheat Fluctuates a Little, but Closes
Without Change.
REACHES UP TO A THREe-FouRTHS RISE
Liverpool Cables Are Disappointing
and northwestern Receipts Heavy
Corn and Oats Neglected
and Close Lower.

{, CHICAGO, Feb. 5.-wheat, after fuctuat-
ing all day at 1kc range. closed at sub
stantially yesterdays final figures. 1t sold
at one time at a nc advance, but realizing
near the close carried prices down again.
Corn and oats were neglected, and closed
a shade lower. the weakness being more
marked in oats than in corn. Provisions
were weak and declined 21km7Ac.
Wheat was subject at the opening to
much the same sort of influences as 1t was
Thursday morning. The Liverpool market
was rather disappointing, because the adj
vance was only I'D to begin with. Both
New York and Chicago houses doing an ex-
port business reported that there had been
mo foreign acceptances of wheat or corn
offers made to the United Kingdom and
continent yesterday. Northwestern re-
ceipts were heavier, which was an addi-
fional disappointment to the bulls at the
start, and still another disuuieting circum-
of opening; The opening price for May
Was from NH, aSh@75hse aEainst yesterday's
of 75h@75ssc, for about an hour, and grad
latter point 1t made a rapid squirt to 762sc.
and a sale or two at 76lsc transpired during
the rise. The strength was brought about
by the report of rains IN the southwest.
which We're supposed to have carried off
plant exposed, to injury from the cold wave,
which Is said to be approaching that ter
ritory. The later cables were also said to
be better, and the clearances from the sea-
board showed up generously, amounting to
100000 blu: in wheat and flour. Covering in
strength Of the St. Louis market were no
small factors in maintaining prices during
against 100 on the similar day of the pre-
vlous year. Minneapolis and Duluth re-
ceipts were 299 cars, compared with 1874 last
week and 54 a year ago. After the mar
ket had touched 76lsc a reaction to 16c took
place. This price was maintained for some
time, but during the closing hour the, tame
closing cables, coupled with the realizing,
which gradually assumed quite generous
proportions, brought about a further reac7
ton to 75Sc. The closing price was $500
752ic.
a very small local business was done in
corn. The market was steady until the
close, when 1t yielded a trife on account
the most part did not exceed Lice. though
widening out late in the session: Atlantic
opened a shade lower at 24b@2.Ac, sold
sparingly at 241sc and 24ssc. closing at the
opening prices.
Oats was only active at intervals, bust
ness for the most part being light and un-
interesting; The market weakened slightly
lover at 17ssai7Hc, sold to 17%c, Under
short covering. then weakened to 175sc,
where 1t closed.
lower. The chief feature was the extra
heaviness of lard, as compared with ribs,
the former mt getting at 1ne period of the
delivery of ribs. Liquidation, especially by
outsiders, was quite heavy during the
oped near the close on covering by shorts,
At the close May pork was re lower at
s7.50D755; May lard about 2hc lower at
m receipts Saturday: Wheat, %
cars; corn, 72 cars; oats, 300 cars; hogs,
5000 head.
The ieading futures ranged as follows:
Z..I-I.a Il non, II ITi<i, Il r -, 4 Cinao 4 UonI.-.