Omaha daily bee., 1901-03-09
COMMERCIAL And FINANCIAL
Days Business in Wheat Mostly Local and
Not Large
CORN ACTIVE AND GENERALLY STEADY
Ont. Have shorts Jpon the Defensive
Most of the Time-Nay Pork II
Admired object Of spec
ulators.

CHICAGO, March s-Weakness charac-
terized the grain markets during the fore
noon today, but this was followed by
rally later, with corn. which had been com
parativCly the steadiest, leading. wheat
closed iac corn 1an%c and oats 'snl4c
higher while pork showed a net advance TOT
the day OF 27lkc. lard 2isc and ribs onHRc
At the opening the situation looked bear
ish. Liverpool reflected the slump here yes
terday Argentine shipments were liberal
and northwest receipts considerably larger
than they were the same day last week.
The weather was mild and moist. THIS had
some Of the holding Of the market at the
beginning, although one bull leader ana
handful Of followers were compelled To con
test the field against the great majority or
the pit May opened a shade lower to isd
Lc higher at 7bc to 15An75iiC The meaget
crowd Of defenders Of the price were sw,pt
away by force of numbers and the marker
was pounded down to iAnibatC. The de-
cline caught stoporders under l5c, all or
which assisted the market along on the
downward path. Meanwhile tie little clique
OF bulls was still nghting. Corn AZ tnis
period was developing considerable
Strength, which came into the wheat pit
"a a much needed reinforcement The ship
ping business also showed Improvement,
while exporters reported that they had done
q better days business than for some DAYS.
Shorts became alarmed. but found the mar
ket shy Of offerings, and the market re-
covered and rallied to Ihaac and closed i4c
higher at 75hQ75asc The days business
reported 20 loads taken, while scaboard
Clearances I'm wheat and -four were equal
20 le6OOo bu. Primary receipts aggregated
6b2.G0 bu compared with 65pD last year.
Minneapolis and Duluth reported 4N cars,
against 3ll last week and 6i3 year ago.
Local receipts were 81 cars, none OF con-
tract grade. Local cash sales were 100 eco bu.
The boards figures make the weeks Ar
gentine shipments l.6S,OOO bu., against &i-
On bu. the previous week and 3.S32,O0o bu. a
corn was. moderately active and generally
steady, even when wheat was at its worst.
There was fair outside demand At the
opening. rejecting the inquiry that the
present demand II doing to roads. Elevators
and the local crowd offered freely, but the
market yielded q small fraction where IT
Ftoadied. with the cessation OF the outside
demand offerings also ceased to come In
any quantities. An order to buy 4OOW bu.
developed bare market and when larger
orders came into the pit shorts ran the
price up rapidly and the close, was firm,
with yesterdays decline more than reCov-
cred. Shipping sales reached q total of 2W.-
ooo bu. May sold between 4Oasc and liso
and closed lsd@sc higher at 4lc. Receipts
oats. like corn, turned upon its pursuers
and had shorts on the defensive most of the
time. with the best prices prevailing near
the end. II was thought some oats sold IT a
higher price were taken baCk. There was n
fair shipping inquiry. but the business ac-
POS cars May sold between 2iSsc and 25lsC
and closed isaLc higher At 25d25lsc.
admired object Of spectators, especially
shorts. The market for this product opened
Be higher at sl047 and was bid sharply tc
sli90 at which figure 1t closed. 37i9c over
yesterday. Packers were the best buyers ol
lard and ribs. May lard sold between SI.5,
and $50 and closed 2i1c higher at S.57h
and May ribs between sI22l5 and s7,25, clos.
ing 5q7Iac up at S.25.
Estimated receipts tomorrow: Wheat e
cars; corn. 800 cars; oats 23o cars; hogs, i6,'
ONo head.
The leading futures ranged as follows: