Omaha daily bee., 1899-09-03
COMMERCIAL and FINANCIAL
Corn Is Again the Big Market on the Chi
csgo Board Of Trade.
WHEAT WEAK FOR DEFERRED FUTURE;
Continued Dry, Hot Weather Reported
from the west-Oats Strong and
Fairly Authorizations
Weak

CHICAGO, Sept. Corn was again the
Dig market on the Board OF Trade today.
hot dry weather drove September shorts to
cover and advanced the price of that COM
modify Sac; Other futures closed un;
futures on expectations of large receipts
next week. oats closed unchanged to sc
higher and provisions generally closed a
tritle higher.
The tendency of wheat at the opening was
Slightly downward Foreign markets were
west receipts were much more liberal than
Minneapolis, in addition, wired that re-
ceipts by Tuesday, the next session on
exchange, would probably reach 1000, which
added materially to the bearishness of the
situation, though it did not have any effect
shortly after the opening. The advance In
that grain was so rapid that for the time
and sent prices up about Mc for September
and about %o for December. While the in
nuenee of the corn tirmneSs Lasted there fre
when realizing set In in the coarser grains
and prices began to ease off wheat readily
followed. The influence of the heavy eN-
pected northwest receipts then began to be
felt. Heavy shorts, who had held aloof
from the market during the early squirt,
pressed prices downward. The selling of
December was much more marked than
that of September and that option suffered
more in consequence.
During, the last hour of the short Satur-
DAY session early buyers turned sellers, but
and the market closed weak and at the bot
tom. The days clearances Of wheat and
M Mini s and Du RIras re eposieeo re eSS,ypy OF Of
6SS cars, against 29 last week, and sol a
year ago. Chicago receipts were lis cars, 2
were. put at 5000 bu., compared with
l,Wl,OW bu, a year ago. There was some
buying against puts shortly before the close,
but only enough to stop the decline. De-
cember opened unchanged at 711eg71ssc. 1t
advanced to NAG, then declined to 1$g
7Ohsc. and declined to 695sc, where it closed.
The market for corn was active and
reported from the west and fear of conse-
quent damage was strengthened by reports
of firing from parts Of Illinois Shorts
Der, and that option advanced sharply, de-
ferred futures following. At the top there
was a good dead of realizing and late in
December being lost. September, however,
was strong to the close; Larger receipts
We're predicted on account of the Septem-
Der premium. Receipts today were 56S cars.
There was a good cash and shipping de-
e9asc, and closed unchanged at 2SSc. Sep
tember ranged from Sic to 31&C, and closed
sc higher at 31%c.
Oats We're strong and fairly active: Shorts
We're good buyers of September and 1T was
evident the short interest in that option is
larger than expected. The strength Of corr
and the continued excellent cash demand
was also a factor. There was some in
December ranged from 19HG20o to 2oAc, anG
closed &c higher at 2oq20hc.
Provisions were weak to start with. In
f1uenced by reports of yellow fever II
New Orleans. The decline in prices was in
significant, however, and later the marke
stocks, notably that Of ribs, over 10, OO0,o O
pounds. Packers and outsiders were goot
buyers late in the session and prices ad
vanced slightly all around, the marke
closing firm. October pork closed 24t
higher at sos; October lard a shade highel
at IS. 221kc, and October ribs a shade higheI
at S.. 123.
Estimated receipts Monday: Wheat, 10
cars; corn. GOO cars; oats. 425 cars; hogs
%, 900 head.
Leading futures ranged as follows: