Omaha daily bee., 1897-12-05
COMMERCIAL AND FINANCIAL
Wheat Freaks Away Again Giving to
Weakness Reported from Liverpool,
ALSO DUE TO INCREASE IN THE VISIBLE
Unusually Large Exports Tend TO
Strengthen the Market, but the
influence Is of short
Duration.

| CHICAGO Dec. "A decline of &c with
which wheat was opened today, was pared
down by the action of shorts to a net de-
| cline Of &c at the close. Weak cables were
| responsible for the early decline, but the
clearances the largest for the season. made
fairly firm market toward the close Corn
and oats were firm and advanced lsc and
AaSsc, respectively. Provisions advanced
| 5Q1oc on a good shipping demand
Wheat started weak and at Sa7sc decline
| for May. Liverpool was Nd lower for De-
cenlber, SD lower for March and 5sd down
| for May, compared with yesterdays clos
ing rates. The weather had turned from
severe frost to a decided thaw over the
greater part of the winter wheat country
and the Minneapolis and Duluth receipts
were again not far from double those at
the corresponding time of the year before.
The market did not for some time give
much indication of doing better. but in the
course of an hour from the start 1t had a
small modicuR OF firmness.
The opening~prices for May were from sec
to S9i4c, compared with S97sc at the close
Friday. on the slight rally that followed
time made some peculiar changes, selling
at from SsAc when May was Ssc and at SSc
&c premium TO 14c discount compared with
May prices.
for by the editor of the Liverpool Corn
Trade News, in which he said the decline
was owing. TO selling for March and May
on orders from Chicago, and also TO Tho
mans report issued yesterday.
Minneapolis and Duluth receipts were $50
cars. against so cars week ago and 469
before The primary receipts were as bear
h ish as as ever, the total Of the day being g,iS,-
day of the year before. The expected in
crease in the visible of 10000 bu. to be real
lied will stand contrasted with 252ooo bu.
decrease for the similar period of 1896
The weeks exports from both coasts were
$4,000 bu., the largest but once before for
one weeks shipments. The days clearances
equivalent in wheat and flour of 7lTC00 bu.
Those liberal shipments combined with
considering, the previous days w,eakne SIS
here added to the recovery of May TO
Ss&c. but reacted a little under scattered
realizing and closed at S9lec or asc lower
than 1t did yesterday. December was neg
lected by the general crowd and was only
heard fro from at wide intervals. It sold
closed at 95c, which shows no change for
the day.
Corn at the opening sold &c lower than
at the close yesterday, influenced by the
weakness in wheat. but good buying by
the market to react and later prices ruled
firm. The renewed exports of corn for the
week., $4,000 bushels--were bullish in
huence. Gables were I'D lower Receipts
We're ass cars May ranged from 2S9sc TO
2Slsc and closed &c higher at 2Si3c.
Oats 0at rd ruled ,ay firm on buying by local oPer
aided in the upturn Of prices and also
caused the trade to be rather limited
sympathy with corn was a factor Re
ceipts were SS7 cars. Selling was scattered
and entirely local. May ranged from 22lsc
TO 2lSsc and closed &c higher at 22ssc
Provisions We're firm. The basis of the
strength was the excellent demand from
domestic and foreign sources for the cash
products. The shipments from Chicago for
the week were so heavy as to be the subject
of general remark Exporters We're cred
tied with liberal purchases of January lard
rfNl lot ct. ulaF
terday's prices and gradually advanced.
closing strong at close TO the top. AT the
close January pork was l0c higher at
SS27i2 and January lard &c higher at
s2Il2, and January ribs 215@5c higher at
81 20u4 .22i2.
Estimated receipts Monday: Wheat Dds
cars; corn, 450 cars; oats, 80 cars; hogs,
10000 head.
Leauing futures ranged as follows: