Omaha daily bee., 1901-03-10
COMMERCIAL And FINANCIAL
News Affecting Grain snd Provisions NAN.
tain Avepg. Of BuIli,hnsm
WHEAT CLOSES FIRM, SLIGHTLY HIGHER
scarcity of onerings aud stronger
Gables stinen Opening of Corn
Pork Heads pit Bushes. and
closes Unchanged.

CHICAGO. March s-News affecting the
grain and provisions market maintained
a good average Of bullishness today and
with the exception of oats. which suffered
from liquidation, the close was firm, wheat
iYdNc higher. corn shade lower. oats =
gi.c depressed and provisions unchanged.
At the opening the wheat market expert
enced its greatest activity. May opened &c
higher at 75hsm75ifc. under the encourage
ment OF higher markets at Liverpool and
Antwerp. the chief Argentine market on
the continent and because Of unfavorab.e
climatic conditions. A heavy trade for the
outside account was transacted at the start
but 1t was well distributed on both sides
Shorts. who became alarmed today, were
stiu anxious to cover however. and May
was worked up TO Sac during the hrst
hour Trade, following the FIRST half hour >
activity was more uuiet On the bulge,
Withdrawn and this, combined with some
profit taking 10y scalping longs, caused d
Buying orders which had been waiting.
caught the decline and when more shorts
took their medicine the market experienced
another rally and closed i.dasC higher az
75Ssc Exporters reported twenty loads
taken. Seaboard clearances In wheat ana
-four reached total OF ilNyp bushels, whlle
receipts at primary western markets were
$50 OJJ BUSHES. compared with 653 ,o19 bus shels
last year Minneapolis and Duluth repQrte 5
tS3 cars. against 800 last Week, ana 80
a year ago. Local receipts were i'll cars.
eight Of contract grade.
May corn opened hgl.C higher at ANu
LL.c. under a sharp outside inquiry and d
decided scarcity Of offerings. both Of which
were attributable to the road-spoiiiuE
weather and to higher cables. An in
fluental speculator began haIumeriug the
market but although he dumped a guam
titY estimated at 10000 bushels In the
pit, May declined only TO 4J5sc. The puy-
ing was well distributed and although the
close was A shade lower at io'tp4lo. the
market looked strong II was even re.
ported that the early bear leader had
taken back a portion Of his sales. Receipts
were 357 cars, eight Of contract grade
The oats market was the weakest Ct the
| list. Further selling by local longs and
conspicuously small buying by other than
| Chicago interests, depressed prices insIead
Of frmness in neiehboring pits. Receipts
were 2l7 cars. May sold between 95isc and
/ 2l7sc and closed isui4C lower at 2i7sc
Pork again headed the business in 'he pit
! II was not as dun as 10 was yesterday
| but offerings were notably light ana the
/ price ran dp sharply. Light hog receipts
and higher prices at the bUllish factors
| IN the market May pork opened loal5c
/ higher a. $l5.Obnl505, but declined TO SliS2l.
on pront taking 10y longs. The close wa
/ firm and unchanged at Sl4N. Lard and
/ ribs huctuated narrowly and closed un.
changed. lard at y57lY and ribs a. SIS.
Estimated receipts Monday. Wheat. n
/ cars corn. 80 cars uats, 22J cars; hogs
! $500 head.
! The leading futures ranged as follows: