Omaha daily bee., 1897-07-03
COMMERCIAL AND FINANCIAL
Dealers All Try to Even Up on Account of
the Holidays,
CLOSING PRICES SHOW SMALL CHANGES
Corn il the Most Active Market,
win Hot winds Acting as
IA Decidedly Hull
Factor.

CHICAGO, July 2.-The longs and shorts
H. wheat were cleaning up their trades to
day IN preparation lyr the holidays, which
begin tomorrow, and last until Tuesday.
wheat and corn We're both strong early in
the session. but lost most Of their force be
fore the session Closed. wheat closed "suilc
lower, corn, hc higher; oats, lsc .ower, and
provisions Jll2iac lower.
In wheat there was little in the news
calculated 10 AFFECT values, There was a
general disposition among the shorts to even
up in view OF tue fact that there will b.
no session of the board until next Tuesday.
'rhis demand constituted the principal bust
ness Jf the day, ana there was little outside
OF this to give the market any strength.
Liverpool quotations came unchanged to sd
higher at the opening, and private cable
grams from Paris estimated the French crop
at from so,VyO,VW to llo,g0j,'CO bu. short.
Some dispatches from kansas Sald not
winds were blowing, which were cooking
the corn in the fields, and 1t was Inferred
that uncut wheat would not escape INJURY
from the same cause. These reports we're
, disputed later. Northwestern dispatches
made mention of rust in wheat. Chicago
received only eight carloads, Minneapolis
/, and Duluth reported 2b3 cars, against 2bI
, cars, the like day OF the week before. What
: cipally to September. First sales in that
option Were made at yesterdays closing
, price, GiAC. It held around that price Tor
a time, then laIily advanced to Gi'sm65c,
and around II o'clock was %bringins 6iisc. In
Inc afternoon the IlhfkcL became weak
, without any further Information on the
crops or on general outlook, and a gradual
decline took place, September bringing up
at GilshGNnc, shortly before the close. The
st. Louis market was said to be democrat
izeq by heavy offerings OF new wheat,
which had some effect in weakening this
market. Closing cables quoted Liverpool
I'D higher for futures, and I'D lower for No.
l northern spring. The Atlantic port clear
anccs of wheat and flour were equal to
100000 bushels. Stocks OF wheat at Mime
apolis ANA Duluth are expected to show a
decrease for the week Of 10000 bushels, and
the visible "A total decrease Of. l,2jO,Q0
bushels, The decrease in the visible on the
similar week of last year was ti2,oD bushel.
September was bringing 64iIIbf3sc at the
close.
Corn was by far the most active market
on the floor, which is not saying much.
Reports OF not winds in Kansas were the
bull feature Of the day and caused a gen
morning. An caster feeling prevailed late
in the day when wheat declined, and the
an van "a y, wa io all lost ST., m Local dro receipts 12b4
changed at. 2J{sc, advanced to 2Gi4c and to
2Gatc, ana declined to 25&a26c.
oats was fairly active, with prices keep
ing within a narrow range. Some advance
followed II rather weak opening due to coy
ering and sympathy with the other grain
off oats followed. Exchanging constituted
the greater part of the business. Local
receipts We're S53 cars September opened
1TTsc, and declined to 1880, where 1T closed,
Provisions were weak all day. An easy
feeling prevailed at the opening as the re-
and packers in general were active sellers
and the market soon became radically
weak. At the close September pork was
Zoe lower at $40 September lard, 5u1lac
lower at $i12l2ni15. and September ribs,
1Oc lower at A.45u44Ig.
Estimated receipts Saturday: Wheat. 16
Leading futures ranged as follows: