Omaha daily bee., 1901-03-01
COMMERCIAL And FINANCIAL
Rstrogrsssisn on small scsls Marks Course
Of Grain and Hog Markets,
BUSINESS IN CORN FAIRLY LIBERAL
oats Market Finds Its Motives In
Actions of other Grains-Provis-
ions Run Mostly 20 Lard, which
Was Sold Freely.

CHICAGO, Feb. 2S-A retrogressive
movement on n small scale marked the
course OF the grain and hog product mar
kets today. Provisions at the close showed
no recovery being from &c to 12ihc under
yesterdays final figures. bat the grain
market received better support on the dip,
corn closing &c higher, oats unchanged
and wheat the easiest OF the grains May
wheat having opened unchanged to shade
lower At 76isc TO 76q76sc, declined during
the first hour to 1850 under moderate sales
by commission houses and generally bear
ish pit traders. outside interests were
practically out Of the market and the trade
following the opening WAS confined 10 local
hands. There were little spurts OF activity,
but these were sparsey scattered along te-
tween more conspicuous periods OF stagra-
tion.
The first dip came I'm the face of steady
cables and moderate receipts. The pCrsis-
tency OF the demand from this quarter
finally had the effect Of alarming shorts
and n sharp rally to 76lsc took place. The
liberality OF seaboard clearances and the
moderation of primary receipts together
with reports of the appearance of nv I'm
central Illinois also combined to make the
their pessimism was too deep to attach
much Importance to anything advanced by
the bulls as consequential and despite the
efforts of the agents of the elevator concern
TO sustain the market the market was
hammered back to 751sc, at which II closed,
&c under Yesterday. Exporters reported :
ances In wheat and -four aggregated i6j 900
bushels, while primary receipts reached a
total OF 49l,WI bushels, compared with 516. 70
600 bushels last year. Minneapolis and
Duluth reported %2 cars, against 3ji last
week and $50 u year ago. Local receip lots
We're 81 cars, of contract grade.
Business In the corn pit was on "A fairly
liberal scale, with full attendance of the
regular specialists and considerable con-
ungent from the wheat and the provision
pits. The market oased off early under
heavy pressure from the bear leaders and
selling by the crowd In sympathy with the
decline I'm wheat The persistent buying of
another operator, however, and the rally In
wheat caused covering by shorts later and
the close was firm. May sold between Ale
and 4Ohn403sc, and c,osed Isc higher at 4O7sc
Receipts were 1886 cars OF contract grade
Transactions In the oats market were
fairly large and the market. as usual
found It's motives in the actions Of other
grains. Heavy selling for the long account
marked the early market and equally lib
eral buying the latter part May sold be-
tween 251aq25Ssc and 253sc and closed un-
changed at 25lsc. Receipts were 1876 cars.
In provisions the activity was chiefly i'm
lard, which was sold "a liberal scale by
n milwaukee, packing concern. Pork was
also for sale from the same source and as
the market received only scattered support
prices declined and the close was raj
heavy. May pork sold between S141gJo and
sl4O2l9 and closed 12l9c lower at S14J2Is;
May lard between $3.50 and 81. l2i26I7 As clos
ing 11sml0c down at S42lRQI45 and Nav
ribs between S07I9 and sLO0I702Ia, With
the close &c depressed at $7G2iR
Estimated receipts tomorrow: Wheat rs
cars; corn, 80 cars oats, go cars; hogs, 2S,-
O0 head.
Tne leading futures ranged as follows: