Omaha daily bee., 1898-12-11
COMMERCIAL AND FINANCIAL
Wheat Rules Firm and Closes at Advance Of
Three-Eighths ofs Cent,
DELIVERIES AND ReCer1s ARE HEAVY
Provisions Close the Weeks Business
strong at Advances of q Fourth
and . Half of .
Cent.

CHICAGO, Dec. 1O-wheat today ruled
firm and closed at an advance Of 3-Sc for
May and hc for December. The continued
shipping out by all rail Of wheat delivered
on December contracts and evidence of a
decrease of farmers deliveries In the north
west made shorts uneasy and caused q more
active demand. Corn and oats were firm
without any noteworthy changes In prices.
Provisions were strong and advanced A9
nc.
The opening in wheat was barely steady,
though at a slight advance over yesterdays
closing prices. Crop reports from Argen-
tine were again unfavorable, advices from
there stating that wheat was being dam
aged by rains. but this was offset in a meas
ure by the action Of the Liverpool market,
which showed a closing decline of about
Nd. The weakness of the foreign market
check for a time. Besides the Liverpool
decline bears had to comfort them a very
favorable Michigan state crop report and a
very limited export demand at the seaport.
Advices from the northwest. however,
were practically unanimous in claiming that
s aure'e to fall af'' off sharply rp 'n Next 'v week. That
there was some grounds for the claims was
shown by Duluth and Minneapolis reporting
1.432 last week and 6S a year ago. Chicago
rec, ipts were 1875 cars. eight Of contract
grade. Shorts grew FESTIVE and covered
Offerings were limited and a. great deal
of difficulty was experienced In covering
advance In prices during the first hours
trading. December showed the most
strenth. The d,mand fr December wheat
of the reports that contract wheat was be-
ing shipped out all-rail almost as fast as
not at all to the liking of shorts. Later
in the day the reports as to the Arg .ntine
crop were contradioted; but any enest tins
California telling Of high winds and dry
weather, necessitatins a lot of repiantiny.
also helped to maintain prices. which, how
ever. did not apparently need much outside
. assistance. Toward the close there was g
traders. and the market eased of some
what. but showed steadiness at the close.
%h.re L e to ssf' p bes sfssa r am % from from
Ss5-Sas4 CSC and closed at s4aDs4 $50.
crease so Wa: sn,s D0 only ny% 5000. CO. e s's'V Gable.
weru unchanged, and country adyices sug.
gssted a frser movement, nr put the T,s w nass
demand was restricted by the inability to
procure cars. REGENTS were 81; s24 cars c, MAY
In the main oats followed wheat and
corn. and for most Of the session rulee
ume Of business. Trading was almost al
together Of a scalping nature. The mar.
k liberal sa'sa I'm sS@ew Shd t Gn M faYSrsbIe 'a snip
ping weather. Rec eipts were 347 cars. MAY
ranged from Is 7-S@26 1-8c and closed &
shade higher at Is 7-S026c.
There was q good trade in provisions ant
prices from the start, were higher. Tn
conditions were practically the same a:
liberal. but packers sold reluctantly ant
buyers. Of which there We're plenty: has
The weeks shipments Of meats were lib
eral, encouraging buyers, There was ais
some covering by shorts. who did not INK,
- -A---- -~f rxrotp tha r1nEa Mo
pork was 12hc higher at $685.. May lar
nc higher at IS. 32is and May ribs 7h@lo
Estimated receipts Monday: Wheat. 81
cars; corn. TBS cars; oats, AS cars; hogs
50. 900 head.
Leading futures ranged as follows: