Omaha daily bee., 1897-04-24
COMMERCIAL AND FINANCIAL
Traders Are Mostly Bullish and Prices
Advance Materially.
CROP REPORTS AND CASH BUSINESS
Wheat Closes n Cent and n Hair
Higher and other Grains About
a Quarter CONTRIBUTIONS
I'D a Little.

CHICAGO, April 23.-wheat was again
very feverish and unsettled today. The
majority of traders were on the bull size,
however. and whooped things up to such
good effect that the market closed about
nc higher. Bad crop reports, war news
and cash business were features marking
sudden and violent fluctuations. All other
markets borrowed more or less strength
from wheat, corn and oats advancing ABOUT
Nc each and provisions 2RFr5c.
In wheat, firm foreign markets helped to
start trading at an advance. Shorts were
tho best buyers, but there was a big line
of Ions, wheat for sale at around the open
ing price, which was dealt out with a lib
eral hand for half an hour, and the effect
OF II was to force the price down lie per
bushel from the best figure of the early
trading. When that scalplng line was out
of the. way the bulls came into the market
with q rush, but found 50 little for sale that
the price soon recovered the most of It's pre-
viots decline. Liverpool showed no change
I'm quotations at the opening and rose hd
later. New York reported buying orders
there from the continent this morning, the
first for n long time. Receipts were nine
cars. English consols were unchanged,
which indicated the mistaken feeling in the
United Kingdom that the war In Europe
would be confined to the present com
batants. That and the comparative heav.
mess OF the new receipts, 325 cars against
32 last year, were the bearish factors in
the early news May opened at from M1sc
to 4Ac against yesterdays close of f312c.
1t declined to 73lsc under the hammering
1t received. then recovered to 73Bc. A re-
port that Kansas had issued an estimate
of the condition for the state, making the
condition 50. was the cause of a strong
squirt afterward, which put up the price
from around 73Ac for May to A1ac, but
when it was found this was, on a parity
with the government report, the advantage
was lost. May wheat was at times difficult
to trade in. Speculation Is now oyer into
July, such l.tle speculation as there is.
The market became very strong near the
close and was making its best prices for
the day about fifteen minutes from the
markable strength of outside markets,
notably st. Louis, and on the tone of the
war news, May finally selling up to 1olsc and
closing strong at from Hfsc to i5c; July
Corn was firm in the main on n moderate
business, but had some intervals of weak,
tomorrow made offerings scarce. The mar
ket became quite strong near the close in
sympathy with wheat. Exports were lib
eral, $50, 900 bu. May opened unchanged at
2iMc and sold between 2iA@24Ac, closing
at 24Mc bid.
Oats was firm all day, wet weather caus-
and corn were also influential. Shorts were
free buyers and a good general business
was transacted. Exports were $4,000 bu;
May opened a shade higher at 11Ac, sold
between 175917Mc, closing at 17lhc bid:
Provisions We're fairly firm, but dull.
Buying orders We're in excess of offerings
all day. but not sufficiently so to put spirit
in trading. The market was influenced by
the strength of grain. Price fluctuations
Were very y,d narrow; 4 5a the s Moy N Nay a3 pork S2Es
higher Mt 81 10 and May ribs "A shade higher
at 81. 1904. 72l2.
Estimated receipts Saturday: Wheat. 2
1900 head.
The leading futures ranged as follows: