Omaha daily bee., 1901-01-06
COMMERCIAL AND FINANCIAL
Bulls in the Wheat Pit Cause a General
Restlessness.
BOOST THE PRICE TO SEASONS TOP MARK
Corn and oats Also Catch the Fever
and 60 up-Pork becomes the
star Player In the Pro-
visions Class.

CHICAGO. Jan. 5--The course OF wheat
today was ruled by sentiment, May closing
1Aal3sc over yesterday. Corn closed 7sc
and oats 2sc higher. May pork closed CSC,
May lard 17lAc and May ribs 2Oc improved.
At the beginning and at the end of the
session in the wheat pit bullishuess of n
decidedly strenuous order made the market
an exciting one, while the period between
these extremes was ranked by "A nervous
ness amounting to speculative ague. The
market was almost entirely a creation of
sentiment based on the stock activity and
rumors of Wall street interest in the local
grain market. Bat with that, and the news
legitimately influential in determining
prices eliminated. May wheat doomed to
the top price. of the present season. May
wheat opened 19l&c higher at 7shW7014c
under heavy buying pressure wherewith
Keene, the New York stock operator. An
enormous business was transacted the first
mouths mo- % Opened e 70 them % with 81 such nj liberaIity
that the price of May dropped to 7S3sc.
Trade became more quiet. but feyerishiy
7S7sc, but dropped back again. The offer
ings, were light, but the price was gradually
more profit taking. together with some liq-
uidation,, was attempted. Meanwhile com
mission houses had received more buying
orders The readiness with which offerings
disappeared into this quarter alarmed the
short interest and in short burst of ac-
of the present season. A reaction to 79,sc
followed this bulge but the market was
aggressively strong and the close was 1&a
17sc higher at 79h479$c Cash bids were
out Of line with the advance and no busi-
ness was accomplished. Seaboard clear
ances in wheat and flour were equal to
$4,000 bu. Primary receipts aggregated
10000 bu.. compared with $4,000 bu. last
year. Minneapolis and Duluth reported $40
cars, against 19l last week and 450 a year
ago Local receipts were Go cars--one of
contract grade. Liverpool did not respond
to the advance here yesterday. IL was pre-
dicted that the worlds shipments would
The bull fever f@H.osS Spread et to corn as it did
to TO- other o leading speculative markets; The
strength based on the continued light re-
ceipts and poor grading, despite the per-
lection Of the weather for moving the crop.
its opening rise, holding steady on n broad
general demand. A further advance. how
and the close was strong May sold be-
tween 37a4c and 3S15c. closing 7sc higher at
SSss03Il9c. Receipts were 327 cars, seven of
which graded contract.
A big cash business according to report,
and the receipts--227 cars--as well as the
wheat strength. contributed to strength in
2iJsc and 25hc and closed 9sc higher at
Strength in pork was the feature in pro-
huential operators bought lard and ribs
literally; while commission houses took
pork. The wheat strength, moderate hog
tors In the advance. May pork sold be-
tween $l3.32h and $3.50 and closed 65c
higher at $3.50: May, lard between 81 .l7A@
between $6.15 and s6.S2Ih, with the close
zoe improved at s7.05.
:, Estimated receipts for Monday: Wheat,
ITO cars; corn 532 cars; oats, 250 cars. hogs,
10000 head.
The leading futures ranged as follows: