Omaha daily bee., 1900-02-04
COMMERCIAL AND FINANCIAL
Serenity Of the Wheat Pit Not Disturbed
Throughout the Session,
MARKET EARLY EASY ON CABLE REPORTS
Apprehension over Damage Done "a
french Crop Is Fclt-Corn tn.
oats Unchanged, ProNi-
sious Lower.

CHICAGO. Feb. 3.-Wheat was early easy
| on disappointing cables. but some buying
by foreigners, a somewhat better cash de-
mand, apprehension over crop conditions
and sympathy with corn Counteracted this,
the market closing firm, May isc under yes
tcrdag. Corn was up on ligdt country Of
ferings and damage reports from Argen-
tina, May closing 4a2sc higher. OATS
closed unchanged and provisions 5al0c
lower.
The serenity of the whea pit was not
disturbed throughout the session by any
thing startling. Early newS-Biverpool and
Paris both lower and the export demand
tame-was disappointing to the bulls, May
opening sc under yesterday at 6SlsN6Si4c.
Traders sold and the price quickly reCcded
TO 6SdbSiSc. This was followed by a reaC-
tlon which gradually worked May up to
GS9sc. That foreigners in the face of lower
cables were buyers here was regarded as
significant. Apprehension over the extent
OF the damage done The French crop was
felt and many were uneasy over the Condi-
ton of domestic fields after the cold snap.
The visible was expected to decrease nearly
LVpJ'Vp pu. There was some cash business
done and the strength of corn was inSpir-
ing. The result of this array of informa-
ton was that early short sellers were com
PEELED to buy back early lines at an adj
vance in price. The market closed firm,
May only lsc under yesterday at 6SSd6Si2c.
Primary receipts were 407, 600 bu., compared
with $4,000 bu. last year. Minneapolis and
Duluth reported 347 cars, against 2S9 last
week ana b2 a year ago. Local receipts
were 26 cars. none of which graded con-
tract. Atlantic port clearances in wheat
and. flour were equal to 3l0,O 600 bu. New
York reported five loads taken for export.
From early easiness, induced by large re-
ceipts-66o cars here-and the sympathy
with the opening decline i'm wheat, the corn
market turned strong and held its gains.
Small country offerings and a report that
the Argentina crop had suffered for want
of moisture were the chief factors. There
was no selling against the liberal receipts,
which also aided the price. Trade was
iairly active the greater part of the session.
Local interests were good buyers and a
good shipping business was transacted.
May ranged from 33c to 33asc and closed Il
m4c up at 33i44332sC.
a good cash demand and sympathy with
corn held the oats market steady, but trade
was rather quiet. Local receipts were 2Ga
cars. May range from 233sc to 23L2d235sC
and closed unchanged at 2Sl5c.
Inc provisions market opened lower, as
hog receipts were 5000 over the estimate
and. prices at the yards depressed. Liver
pool was higher for products. however. and
there was some outside demand, which held
the market steady to the close. May pork
sold from 5000 to $l0.S5 and closed loo
down at $1O.S5: May lard from $50 ia
S6.O2l2, closing Sc depressed at Sc. O2lb, and
May ribs from $50 to $5.S5, with the close
DC lower at S.S5d5.S7ia.
Stimated receipts Monday: Wheat. 2;
cars; corn, 5I5 cars; oats, 100 cars; hogs
20 900 head. ~
The leading futures ranged as follows: