Omaha daily bee., 1901-02-12
COMMERCIAL AND FINANCIAL
Wheat ibfu.Btsd BY Strength 10 Corn
MAI. Sharp Advance
NttS SPECULATIVE mttatSr IN CORN
iii'ie H"siHoss ~ oats untLe,--rto.
'isi"Hs Moderately t"'i,r. with
r1iDrs Wei sustained ny
ttus NsrLst

riiirApD. tsb ~ strength IN corn cv.
siiius lia Influence IN nn oyorrold wheat
WHftri WHa responsible Tor " sharp adj
tnufr Nv ihu inttrf today. May wheat clos
ina sr higher Nearly ali the corn news
NHH huiiiah ana thHi market closed igusc
0trt Saturday oats advanced 80 in SYM
pniiU while provisions showed firm
iuiHh. unchanged ~ i0c higher
HHtufdHt.H aifonuuuH ana confident bears,
frltips pu calculations NJ boarlsh statistics
win Whirh ~ bogiu anew ~ profitable
W'Nf Wrfo to-day driven tp cover The
Statistical reports fpfocnHted saturday
proved accurate, but Instead ~ finding q
tlridinE WHtkrt uu which ~ secure profits
SHORTS wrfo confronted by u very stff
market, WIN the opening price Of the May
option unchanged nt tAauilhc. The mar.
koi hpd boon sold to o stnndstill. and the
tush iu tufur approached u stampede.
Whlrh. despite moro liberal offerings from
longs 'u iho rise, carried May ~ 153aC dur
lug ih' nfHi huur Tho cnicf fHctor In
niei,uWluH The boarHhncsa Of the stats
!i'7 WhH the Hir"ugth curly developed In
~" rufn market. although u reported re-
du'ilgu IN the "HtimHtc uf Argcntina'H CN-
portable surplus, ntcaducss IN the Liver
pool market aud the moderation OF north
woft receipts were contrlbutary aids.
lrlhlc were influential additions To- the
DAYS hulliHh considerations. which resulted
w. iufth,r advance" during the afternoon
frHfiuu Invited realizing by longs, under
winch - reaction to 7jiic took place. bat
m'tHWar \ feature OF the days trade
wa the relative weakness of July wheat,
which was poraistcnty. dumped on the
mnthrt IN liberal quantities by ono or two
'pmmiFHiuu houses till the price was nt
ono time l'sc under May. The cash trade
WIS not consequential. exporters recurring
no export business was claimed for this
market a"aboard clcnrnnccs Ia wheat and
Nnlr W"r" ouunl to lul2,OO0 bu. since Sat
urduN Primary receipts aggregated 727 600
hu MINNEAPOLIS aud Duluth received G2G
N'It ~ rntH tht'' on contract grade. The
worlds visible showed ~ decrease OF i,2I3 %
q" ~ Words shipments. according TO
Buur1 ~ Trad" ng1rcs. were $4,000 bu
Hhlic The amount on passage increased
corn was active and strong from start
g. nnlsh. Speculative interest was keen
~" volume pf business heavy and prices
abnyo previous high records for the crop.
Small receipts, untavOrablc weather TOR
moving the crop to market, the continued
poor gradinE of fresh arrivals. the sus-
At IN" stock Yards. together with light
country ncceptances 10 local bids and the
.xc"ll"nt cash demand formed the basis OF
- higher for May NJ 394c to 3sssc Hull
Leaders camc into the market while the
Shorts who had sold under 39c were com
p",'h 20 cover ~ n loss. There was con-
sid'1iP9le ,i',9a, changing from May TO July at
sure forced May sharply up to 89a.c during
"" forenoon. At this price tho market
closed. igm'hc improved from Saturday
Local receipts were 273 cars. Exporters
reported " loads taken.
There was little business transacted I'm
W" oats market. tho most important dc al
ot The day being the purchase OF 800 900 bu
~ May BY ono operator. The undertone OF
th' market was nrm, in sympathy with
wheat and corn, and on the good cash de-
mnnd. Receipts were 257 cars NAV solo
h"lwc"n 25tc and 25asc and closed &c
PROVISIONS were n moderately active mar
Rot. while prices were sustained by the re-
nected atrength OF the grain and hog mar
botR Tho cash demand was good hut tho
~ trade was without especial feature
May pork sold between s1tO7ih and 5it l2is
nud closed lOc higher at sli.12ih: NAV lard
between S.b2i1 and S7.55di7 57iz. closing un
changed ~ Eb2ls. and MAY ribs between
NW'lg ana t1lO. with the close &c tip at 81 10
Estimated receipts tomorrow: Wheat 50
5000 head ' "'e''
Th" leading futures ranged as follows: