Omaha daily bee., 1901-03-08
COMMERCIAL AND FINANCIAL
Leading Speculative Grain Options Are
Handled on Declining Market
CORN OPENS WEAK AND THEN sTEADlts
Oats Lead In Ensincss with Heavy Lots
of isioBs Active and
strong. OPENING at small
Advance.

CHICAGO, March 7--Lcading speculative
grain options were handled ON declining
market today I'm conspicuous contrast T."
the clcar-cut strength OF hog product Ih'
cereal slump was prcCiptatcd by WEAKNESS
in oats. wheat closing ian5sc corn "sc ana
oats i,c lower Pork closed 3pc, lard ''2'
and ribs 7iaaloc higher
Opening transactions in wheat were "a
Isc lower at 75asN1j2.c for May delivery, q
condition of speculative affairs due TO
variety Of bcdrish influences LiNerpool
was depressed to begin with, northwest re-
.cipts were liberal and the weather OF a
mild character, calculated to stllc cr3p
damage reports. Commission houses Solu
heavily and during the first halt hour thr
market WAS rounded to 15isnDi4Ci IN" mar
kot became dull and unlor .ocaI aID,aS,i ouSi''x H.
sji2C. report that some wheat hdd neon
sold direct 10 Hamburg helped the nhrko'
at this time. meanwhile, thcrc was S"ulo
activity In July wheat which decreased us
discount under May To SsnlC.
During the forenoon the promo Incod
weakness ot corn aud oats and IN" discour-
aging export situation awokc bears to inc
possibility of the situation and the market
closed weak. isGa.c lower AZ 7jH15isc EN
lortors reported eighteen loads taken scat
board clcarauccs in wheat aud Hour wer"
equal to $4,000 bu. while primary receipts
were Ni,OpD bu. compared with bNnVlo BUSH
els last year Minneapolis and Duiuth rc,
ported i4i cars. against ~ last week ana
bgi = year ago. Local receipts were forty
three cars. three OF contract grade.
Corn opened weak on trCCr country Uii"r-
iugs, liberal receipts and a slack shipping
demand. An estimate placing the amount
Of corn In fdrmcrH hands at N5"nW""
bugliCls, compared with ii3UUo,UOD bushels
AT the corresponding time a year ago, was
also depressing, although II was nothing
more serious than gloss. The provisions
strength cNortcd itself I'm behalf Of the
failing market and accomplished some re-
CONcry, but the oats weakness under this
and corn slumped off sharply to the poorest
Of the day, where the market sttadicd on
the reported engagement of nty-ScNen
loads tor export. May sold between iVAc
and Oi4miOasC and closed asC lowc~ at lOAsu
4Oi2c. Receipts were 335 cars, one Of con-
tract grade
ket led i'm the weakness of the grain mar
kcts. Heavy lots of long oats from hold
crs tired of the fcaturcless market formed
the bulk of the offerings, but on the de-
cline bears put out some fair short lines.
The market steadied and recovered fraC-
tiOnally near the close on prOft-tlkng by
shorts. May sold between 25iSH25iac and
24hsc and closed hIc lower at 2i7sc Receipts
were l55 cars.
Provisions were active and strong The
Of "A light run of hogs, and advanced
sharply on buying by an influential packer.
who, according to an estimate, bought 5000
barrels OF pork and I, 900, 600 pounds of ribs
while scalpers sold ON the advance. The
close was strong. May pork sold between
Sli25 and SiI55 and closed 30C higher at
Sl452la; May lard between $3.50 and s57ia
between s7i2la and s72o07. 22iR, with the
close 79MlOc up at N17ian720
Estimated receipts tomorrow Wheat.
300 cars; corn, 200 cars; oats, 2O5 cars hogs,
2O,O10 head.
The leading futures ranged as follows: