Omaha daily bee., 1899-09-10
COMMERCIAL AND FINANCIAL
Only Paris News Prevents Chicago Wheat
from Showing a Decline,
CORN, OATS AND PROVISIONS CLOSE LowEF
Increase in the European Visible and
Big Russian Stocks Affects
wheat In n Benrish
Way.

CHICAGO, Sept. 1.-The verdict in the
Dreyfus case and consequent excitement In
Paris saved wheat from a decline today,
the market closing unchanged for Septem-
Der and only a shade lower for December.
Domestic and European statistics tended
toward lower prices early in the day. Corn
continued to decline and closed &c lower.
oats declined lsc for September and un-
changed for December. Provisions closed
about 2kc lower.
Wheat opened weak at a decline of about
AQ9sc for December and September. Re
ceipts of wheat in the northwest were
much heavier than a week ago and Liver
pool was lower. The general trend Of the
market has been downward for several
days and this sort of news easily put the
balance of trading on the selling side. The
selling pressure at noon was heavy, burt the
demand was so Light that prices declined
steadily, weakness being especially marked
in the deferred futures. The market soon
got under puts and at that point became
steady under fair buying against those
privileges but did not show signs of any
reaction until late in the session, when the
report of the verdict in the Dreyfus case
was posted and fears of excitement in
Paris caused some covering by shorts. The
buying, however, was only sufficient to
bring prices back to about yesterdays clos
ing point. The market was affected in q
bearish way by the increase of 10000 bu. In
the European visible for August. compared
with a decrease last year of 7,SOO,OW blu.
The big Russian stock, s.S9O,WO ,bu., also
came as a surprise to traders and was re-
sponsible for some liquidation. September,
after the first selling, showed considerable
steadiness. Elevator people continued to
buy and this kept prices close to yesterdays
closing point. Northwest receipts were DIG
cars, against 63S last week, and 1923 a year
ago. Chicago receipts were 1s9 cars, 9 of
contract grade. Total primary receipts
were Lisa 600 bn;; c9mp,ared With ]; 2St; go 900 er.
port demand with about 30 loads engaged.
Toward the close the market was .practic-
ally at a standstill. Bear!sh statistics were
expected Monday and with this belief trad
ers were d'sinclined TO do much. December
opened B@&c lower at 1a71lsc. 1t declined
to 0 N@7osc and rallied to NC, where It
closed. September sold as high as 10Ssq7O&c
and closed unchanged at 70ssc.
Corn was dull and heavy. General COM
mission house liouidation was the feature
The market got to both daily and weekly
puts and had some support on that &C
count. The breaking of the drought and
continued large receipts were the factors:
Receipts were Sh5 cars. December ranged
from 28Ac to 2SKc and closed nc lower
Oats were fairly active and irregular.
Early In the session there was a marked
disposition to realize by longs and prices
especially heavy. Later a firm feeling de-
veloped, partly on the continued excellent
cash demand and the close was steady. Re
9o'tc to ahc and closed unchanged at 2Os9
20lHc. September closed nc lower at 211sc.
Provisions still showed the effects OF the
yellow fever news and ruled SLIGHTLY lower
all round. Liquidation took place in all
products. but the good cash demand for
meats caused some rally late In the session.
At the close October pork was 21bc lower at
sS.6 October lard. PIC lower at Sc 27lk, and
October ribs a shade lower at s5.25.
Estimated receipts MONDAYS: Wheat, 100
cars: corn, $50 cars; oats, 300 cars; hogs,
%, 900 head.
Leading futures ranged as follows: