Omaha daily bee., 1901-03-22
COMMERCIAL and FINANCIAL
sudds, Break Of Ninety Cents Occurs
in PORK.
WHEAT TRADE CHIEFLY PROFESSIONAL
Corn Market Moderately Active while
Undertonc IL Ensy-Oats Rule Dull
and FIuctuatc, Closing
somewhat Lower.

CHICAGO. March 2f.-A break Of 90c In
May pork was the feature on change to-
day This commodity closed soc lower
while lard closed "A shade and ribs hmIAc
higher. Yesterdays serious war talk was
unconfrmcd and this had depressing ef-
feet ON wheat. which closed at a decline OF
sc. Corn closed isc and oats hc lower.
The provisions market opened strong on
light hog receipts and higher prices at the
stock yards, May pork l5d2Oc higher at
s110nl710. Selling by brokers said TO be
acting for Armour, who is popularity be-
lieved to be In a position TO control the
market, started realizing by other longs
and May broke on an excited market to
$500 The market paused for 10c and 15c
recoveries on the way down, but these
Armour was an open buyer of ribs, Ills
purchases being approximated at 100000
OF the market to absorb pork at the de-
cline, caused gradual reaction In May
pork to 1856. The close was 55c under
yesterday ut $l635. May lard sold be-
tween s;.S6 and 1896 and closed shade up
at s1sIh, while May ribs luctuated be
tween $40 and sLS5, with the close 5mIlsc
lieved to control the market and some
traders took the long side ON the decline.
trade being. chiefly. OF a professional char
acter. At the opening yesterdays rumor Of
clash between the Russians and English
at Tien Tsin remained unconfrmed Easier
cables from Liverpool were In line with the
supposition that the report was either un-
fornded or exaggerated. Northwest re-
ceipts were liberal and in addition 10 this
bearirh array OF facts the Price Current
estimated the wheat In farmers hands at
4G,G0OO0 bushels more than the govern
ment approximation and the warehouse
stocks at 100000 bushels more than ap-
pears at tho points of which the official
visible supply statement takes cognizance.
May opened Lc lower at 76Ac To 761sc, but
sold to 76Ihc on a recovery of 1i4C at Ant
werp. This was followed by dip to I6ladp
56esc and n further recovery to 76Ac. Lib
snces and report that the trouble between
Russia and England had been settled
amicably induced further selling and May
dropped to 76lsc, closing heavy sac under
ances In wheat and -four were equal to 1888,
600 bushels. Primary receipts aggregated
637 900 bushels. compared with $4,000 bushels
last year. Minneapolis and Duluth reported
377 cars. against 257 last week and 70S year
ago Local receipts were liz cars, none of
contract grade.
Corn was moderately active, while the
undertone of the market seemed easy. May
advanced for small gain early with the
pork strength and broke later in sympathy
ing by commission houses at the decline
caused "A slight recovery toward the end of
the session. May sold between 419sC and
4lSc and closed lsc lower at 4li4c. Receipts
were 279 cars, 81 of contract grade.
Oats were dun, fuctuating in sympathy
with corn. May sold between 25hc and
24&m2iAc and closed Lc lower at 2i3c.
Leading bears were the best sellers and as
the demand came mostly from small scalp
ers the decline was accomplished. Receipts
were 162 cars.
Estimated receipts tomorrow: Wheat, 20
cars; corn, 235 cars; oats, 10 cars; hogs, %,
0O0 head.
The leading futures ranged as follows: