Omaha daily bee., 1901-02-27
COMMERCIAL and FINANCIAL
Wheat Traders Disposed to Wait for In
dicstions Of Change.
MODERATE ACTIVITY IN CORN MARKET
Fairly Good Business In oats with
Narrow Range of Prices-Pro,is-
ions Open steady, hut Close
DuIl and weaker.

CHICAGO, Feb. 26-In today's speculative
place on the leading Board of Trade mar
kets conditions we're not materially
changed, although the tendency was toward
easier prices. Wheat closed "A shade. corn
nc. oats isc and provisions 7lzdl21ac lower.
Wheat irregular with regard 10
prices Traders evinCed disposition 10
await something distinctly indicative OF
change In crop conditions before assuming
their stand. outside business was conspic-
uous by It's absence, and to this was due the
declines which followed every advance.
Longs merely waited for them to unload
scattered lines May opened IeaAc lower TO
somewhat by report that the Kansas
wheat acreage would be per cent larger
than last year, with the plant In excellent
condition. Light northwest receipts and
short-lived commission house demand sent
nervous shorts to cover and May rallied to
76ssm76a4c That some of this covering WAS
due TO the expectation of a heavy worlds
visible decrease was shown by me Slack
response the market made when the figures
were given out This bulge tempted rea'iz-
ing sales, and as the trade was keeping an
eye on the declining corn market May fell
off TO 76Ac. At this n leading operator alb
Borbed 10000 bushels, bidding the market
back 10 76i5c I'm so doing 1t was during
this advance that the visible statement was
made. but the failure of the crowd to follow
the new leader showed how well they had
calculated earlier. More long wheat WAS
for sale on this advance and May again de-
clined, closing a shade down at 76i4c. Aside
from the business transacted the first half
hour the trade was restricted to local con-
fines. The worlds visible supply, according
10 Bradstreets, decreased 900 bushels
during the last week. Exporters reported
II loads taken. Seaboard clearances I'm
wheat and -four reached u total OF 263,0OO
bushels. Primary receipts aggregated 4l5,0oO
bushels, compared with $50 900 bushels the
corresponding day last year. Minneapolis
and Duluth reported 2l0 cars, against 367
last week and b92 n year ago. Local re-
ceipts were 95 cars, none OF which were
graded contract.
Moderate activity characterized the corn
market during the first hour, but there
after the market for this cereal ruled dull
and live wheat was bounded by the pit. At
the start commission houses traded literally
on both sides of the fence, with the scalping
element working hit-and-miss at whichever
sde seemed were to 9eE Pr2 Leading
enough long stuff from scattered sources
came out TO give the market a declining
under 4lc offerings were liberal for some
time, but at 40Ac the support was better
and the close. though easy, showed some of
the loss regarding country offerings and
were more liberal. though not large Cash
trade was slow May sold between 4lbM
ceipts were SO cars, 32 of contract grade
There was n fairly good trade IN oats
Sdas within narrow d range a5 of prices May sold
ut 25esGt252.c, the corn market being an in
nuence throughout At 25ssc commission
were light. Receipts were AS cars
Provisions were dull and weaker The
opening was steady on ngnt offerings and
a strong market at the stock yards. The
cash demand continued among the bullsh
Items, and some of the early buying was
said to be for export, but selling by packers
overcame bullish influence and the close
was easy. May pork sold between Sl4 17ib
May ard between s7556p757lb and $3.50 and
closed IiRc down at sIi7iem7.50: May ribs be-
tween S7l5 and $7OIlR. with the close 71ac de-
pressed at SIO7is.
Estimated receipts tomorrow: Wheat 90
cars; corn, 29j cars; oats, 155 cars; hogs 36-
0A head. "
The leading futures ranged as follows.