Omaha daily bee., 1899-08-20
COMMERCIAL AND FINANCIAL
Advance in Both Corn and Wheat Features
Of the Chicago Market.
SMALL RECEIPTS AND Biz SHIPMENTS
Trading in Corn is Marked with Great
A~ctivity-Onts Firm and show
StrenRth-Provisions steady,
but very Dull.

CHICAGO, Aug. 1~9.-Advances of 1kc in
September corn and A9%c in September
wheat were the features of today's
trading on the Board of Trade. In corn
small receipts and large shipments drove
alarmed shorts to cover; in wheat damag-
ing rains in the northwest and strong for
eign markets had a similar effect. oats
advanced h@2sc for September and provi-
sions closed unchanged to 21ko higher.
Wheat opened strong at an improvement
of Ssc over yesterdays latest prices. The
advance had substantial backing. Foreign
markets showed sharp advances, Liverpool
being up Aq5sd, and London 1Ag&d. Re
ports in regard to the Russian and Rou-
manian crops were gloomy and probably
Liverpool and London. Domestic news Yas
even more bullish in its tone than the for-
eign advices. Heavy and continued rains
we're reported all over the northwest wheat
fields, and many complaints OF damage on
that score were received. The strength
shown by corn was also notable enough TO
affect shorts in wheat. During the nrst
hour of the short sessions trading the
market was quite active. September opened
was not much wheat offered. Shorts. were
the price got to 72%aiTke before realizing
A short reaction to 72Ac followed, but the
market quickly recoverd and In the space
of the next half hour touched 72@c; The
There was a good deal of selling against
weekly calls during the latter part of the
session and one or two slight reactions re-
suited therefrom, but the market had toe
much substantial support to admit of q
material decline, and shortly before the
close 729sc was again touched; Primary re
ceipts were again much less than last year
the total being 6SI, 900 bu., against SV5,oW bu
a year ago. 30.
cars against 2S last week and ass a yeal
ago. Chicago receipts were us cars. IA o.
contract grade. Clearances, however, were
small, lis, 900 bu. Foreign bids for whea'
were renewed, but bids for shipment were
as a rule, out of line, and not much Gast
business was done. Liberal worlds ship
ments were looked for and some selling wa
done on the apprehension that they woult
unfayorabiy affect the Liverpool marks
bushels in the visible was looked for: Sep
tember reacted to 72kc, and closed firm a
Trading in corn was marked by grea
activity and strength in September. Con
tinued small receipts and heavy shipment
short interest In that option and resulted II
a rush for cover, which advanced the prlc
materially. Deferred futures adva gaS Sors
Stocks here this week will decrease ebou
500, coo bu; a.o The seaboard in f fw9 days off ha
sold soha Loo; 5000. 600 s gn, for s enpST1b, oq pangeyd G fron
sl$sc to S2Ao, and closed 1Nc higher at S2tse
Oats were firm with corn IN, seP psynbe
was in spite of large receipts, ooS cars
! Commission houses were moderate. buyer
/ and shorts covered to some extent. IN
cash demand was moderately good. Septem
} her ranged from zoe to 20Ac and close
A13sc higher at 20Ac. 81,
Provisions were steady, but very uml
business being mostly changing, over., Tn
+ cash demand for meats was fair, and thi
and the strength of grain resulted Mn IN
slight advance for most commodities. IheT
was a little covering of sales made earl
; in the week. At the close September por
was unchangd at $S.S2k; September iart
higher at $5.25, and September ribs
shade higher at s5.121A. :.
, Estimated receipts Monday: Wheat, i
cars; corn, $50 cars; oats, 600 cars; poS:
pSI 900 head.