Omaha daily bee., 1899-07-02
COMMERCIAL And FINANCIAL
Approaching Holiday Fails to Dampen
Ardor Of Wheat Traders.
PROMISING EUROPEAN DEMAND HELPS
steadiness Prevails I'm Corn, Dizziness
I'm Oats-Brisk Dealings In Pro-
visions Caused by strike
Talk.

CHICAGO, July lin view of the fact
that no session of the Board of Trade will
be held until Wednesday, wheat today
showed a surprising degree of strength and
closed at an advance of 19sc for September.
Strong cables, poor threshing returns and
improved outside demand were factors in
creating a strong and active market. Corn
advanced hq9sc; oats closed unchangedi :
provisions advanced 2hQl2l5c.
Wheat opened strong. Liverpool quoted
closing advance of about izd and good
many continental orders for wheat were in
the market, not only for the cash, article
but for futures. There were also reports
of damage to crops on The continent, France
reporting continued neavy rains, while the
weather was also reported in England as
wet General conditions in Europe were
SAID to be favorable for good demand for
eign advices was readily responded to by
the local market, which was well loaded
down with short wheat, and though domeS-
tic receipts were sill heavy and July de-
liveries large, the bulls at once assumed
the aggressive and retained the upper hand
The market at first was dull. 1t always
Is previous to u holiday, but as the session
advanced trading, in view of the natural
tendency to be as near even on trades as
possible over the holidays, became remark
ably active. Commission houses were good
buyers and this renewal of outside support
had good deal of influence in determining
the course of the market. Reports of win
ter wheat threshng in general were con-
firmatory of the claims of damage to the
crop, but In the northwest conditions were
said TO be favorable for growing wheat
Minneapolis and Duluth reported arrivals
of 524 cars, compared with SIS last week
Chicago receipts were 155 cars, thirty-three
were 7SSOoo bushels; Atlantic port clear
ances of wheat and flour were equal to $751;
900 bushels; July deliveries aggregated over
LOCO, 600 bushels. but they fell largely into
shippers hands. There was a moderate
cash demand here, about $780, 900 bushels be-
ing reported sold. There was quite general
covering by shorts toward the end of the
session and the market moved steadily up
ward. September sold as high as 759sc and
closed strong at 75R@75Sc.
Corn was steady but dull early SYM
pathy with wheat sustained prices in the
face OF continued large receipts and favora-
BILE weather; later the market became quite
active and a general advance took place.
The strength of wheat was factor all day,
but the Missouri state report, putting the
corn condition at only S4, had it's effect
The cash demand also showed improvement; ;
the local bull crowd bought literally; re-
ceipts were LIPS cars; September ranged at
from 34l4c to 341a934ssc and closed A@%c
higher at S4h9a4%c
oats was extremely dull, but steady. Be,
yond scalping trade little was done and
the strength of other grains had little effect
on, prices, The cash demand was rather
Receipts We're III iiberaf04i4 cars arse september
ranged from 2lSsc to 2l7sc and closed un-
changed at 21%c
Hog prices, We're higher and there was
come covering by. shorts on renewed talk
eaod OF S'rlke hisha at the the Yards The -, market
closing firm at about top prices. At the
close September pork was l21hc higher at
sS.5l3, September lard 21a@5c higher at
s5.22haa5.@ and September ribs 59llac higher
Estimated receipts for Monday: Wheat,
too bNos cars as oo corn LIS cars; oats, $50 cars
Leading futures ranged as follows.