Omaha daily bee., 1901-01-26
COMMERCIAL AND FINANCIAL
AL News in the Wheat Market is Of a
Bullish Nature.
OTHERS SHARE IN THE BENEFIT
Corn and oats Roth close at an Adj
vance Of Fraction and Pro-
visions climb Twelve
cents Higher.

CHICAGO, Jan %. News affecting the
wheat market was all bulish today ana
the market ruled strong May closing lssH
1ac oveg yesterday; other markets TEN
shtted hy this strength, corn closing &c
oats &c and provisions shade 10 lz1ac
higher
May wheat opened i4aiac higher at '5'2c
10 75aic and sold carly at 755sc, on a rather
quiet iuket. Higher cables, light ArSoH-
tine shi 1ments. moderate northwest Ie-
ceipts an a report that wheat in the Ia
Plata pr Dvnces was in very bad coadl-
lion wer,, the factors Moderate amounts
were solo on the bulge and reaction 10
75am759sc took place; later foreigners "ore "re
reported buyers: outside markets were
strong. both for futures and spot, ana lIl-
mary receipts showed a decided iallnG On,
houses and prominent professional pulls,
This buying spread regret among the Gears
caused rally TO 762sc shortly after noon;
Acting on the theory that II Is time TO sen
when the mar kSt touched &C, some pra,I p,L
asserted themselves and forced May paGK pii
20 75sc. There offerings were so quickly
taken and more asked for, however, th3t
near the end of the session a sharp adj
vance from this price to &c took nla"e
and the close was strong, Ma lsnltc
forty cars. one of contract grade. Mime.
Hpolis and Duluth reported 203 cars, against
$50 last week and 362 q year ago. Prima,rE
5000 bu. last year New York reported
twenty-five loads taken for. EXPORT. S%d,,
477,UoO bu. Argentine shipments were lGS,-
OOO bu., against $4,000 bu. the previous
week and 10000 bu. year ago. 1t was
reported that Uruguay would not raise
enough wheat for home consumption ana
that other La Plata provinces would show
u falling OF Of 30 per cent In exports COM
pared with last year.
Corn was only moderately, active. There
was only "A fair shipping demand. Local
bulls showed desire to keep the price on
what they call now ground and IN THIS
they were assisted most by the wheat
strength. although light country offerings
and, light receipts were COntributarv fa'-
TORS May sold between 3S7sc and 39lac Gni
closed sc over yesterday at 39l3c. ON the
before, but It was well met Receipts were
sg7 cars
oats were fairly active and strong n
Fympathy with wheat. following an open
inC which was a shade easier on selling tY
elevator people over country purchases.
Reports that II large shipping business was
done yesterday also helped prices. May
sold between 251sI25hc and 25as425iRc and
closed hc higher at 25%42oiac. hecaipts
were 2O9 cars.
Provisions were moderately active. Tho
opening was easy in sympathy with u
heavy hog market. but the good cash ie-
mand which sprang up later and sympathy
with the wheat strength pulled prices cut
Of the hole and caused an advance NAV
pork sold between HS;a7i2, and $395 end
closed 12l9c higher at Sl3.92l2; May lard be-
tween $.35 and S42@ and closed up TIC
Mt S742l2. and May ribs between S602H Gnd
81. with the close a shade higher at 81.
Estimated receipts for tomorrow: Wheat.
80 cars; corn, 1926 cars; oats, 10 cars; hogs,
1900 head.