Omaha daily bee., 1901-03-07
COMMERCIAL And FINANCIAL
Trade Ranks with Record Of Day Previous
in Dizziness
WHEAT CLOSES QUIET AND UNCHANGED
Following Brief Period OF Activity Mt
Opening Corn Rules Fentureiess-
Provision. Dull but Firm ON
Light Hog Receipts.

CHICAGO, March 6.--Taking 1t as whole
the day in the grain and provisions market
came close to yesterdays record In the
matter OF dullness The former markets
tended down, following some strength early
wheat closing unchanged, corn shade
lower and oats &c depressed. PROVISIONS
closed a shade to 7Iac higher
Wheat started with good demand from
shorts and commission houses, the market
being Influenced by "A sharp advance at
Liverpool, and still felt the impetus whlcn
the market gained on the curb yesterday
after the close. This strength was due TO
a sudden fear that the cold weather hau
done or would do severe damage 70 the
infant crop, and as the weather was sun
frigid today the influence remained as
comfort to the bulls although the bearishly
inclined spectators smiled at It, May
opened i.c to 3am12c higher at 155sc to lbD
761sc and sold TO 76i4c before shorts felt
themselves secure. This bulge might have
been larger had not an elevator concern
which had recently been friendly TO its
prices dumped 1.UJ 900 bu in the pit 80
openly that the talent was bound to pay
attention. The market reacted to I6c dur
Ing the forenoon and there held for some
time more from lack OF selling pressure
than from any demand. In fact, there was
scarcely any pressure either way. The lack
of outside demand later caused "A further
decline on a duh market the close being
duh with May at 7basC, the bottom price for
the day. Primary receipts were 6I,VO bu.,
compared with $1,000 bu last year, while
seaboard clearances I'm wheat and -four were
equal to 526GD bu. Local receipts were %
cars one of contract grade. Minneapolis
and Duluth reported "a cars, against 20
last week and 500 year ago. Az 10 the
effect Of the weather on the nascent crop,
there were q few reports from the wheat
belt that ut was feared the cold snap
would injure the wheat" but as a matter
OF fact 1t Is pretty early To tell anything
about IT. The crowd In wheat is waiting
for actual Developments and this accounts
hn
of the trade The cash market was dull
and exporters reported only four loads
taken.
Following brief period of moderate ac-
tivity at the opening the corn market ruled
dun and featurelcss. Bears recently have
done some selling on the cold weather,
which, according to their calculations
would have Increased country offerings
Tho farmers. however, were today reported
still clinging tenaCiously to their property
Shorts were alarmed at this. and being also
influenced by the wheat strength. covered
at the opening. Lack of outside orders and
the apathy of the crowd caused II little
selling later, and there was Almost no
demand prices eased off and the close was
rather easy May sold between 4liGuiiLC
aud iOi4c and closed shade lower at iOa46I
4O'sc. Receipts were 227 cars. five Of CON
tract grade.
oats were less dun than wheat and corn.
Tho market opened steady, I'm sympathy
Win us neighbors. Selling, believed to re-
Meet freer country acceptanCcs, soon began,
however ana tired longs also let out Son-
siderable quantities. At iic decline the
market received good support for u time.
put was pressed still further by unloading
longs and the close was weak NAV sold
between 25lgd259sc and 25isc and closed sac
lower az 25lsc. Receipts were 1853 cars
Provisions were dun but firm on light
nog receipts although prices at the yards
were lower. demand for pork offset mod
crate selling Of lard. The cash situation
sold between Hi.l7iA and Sii 25 and closed
.2c higher at Sl422ia, May lard between
). l5dI Az and S.47q. closing a shade up
AT -. i5uI a p and Nav ribs bet weon q O7iL
and Nlon1l2ia, with the close Be up at
estimated receipts tomorrow: Wheat As
SO.W0 head. e''
The leading futures ranged as follows:
Az. Iclna l III.-i. L