Omaha daily bee., 1901-01-08
COMMERCIAL And FINANCIAL
Board Of Trade, Speculative Pulse Evidences
High Fever.
WHEAT MAKES A RATHER BAD FINISH
Corn Closes Only Onc-Fourtb Higher
oats Make slight Adyance-Pork
TumbIes from Its High place
other Provisions GO Up.

CHICAGO. Jan. 7.-Specu!ative fever ran
riot in nearly all of the grain ana PRO
vision markets today and trading was the
heaviest I'm some time. \ strong realizihg
movement broke wheat badly near the emu
of the session, May closing at a decline Oh
hmasc. Corn held part OF an early au
vance. closing l.c higher. oats advanced
bc and provisions closed 2]Rc hiBher 10 lVc
lower, the decline being la pork.
IL was evident from the wide range ot
opening prices in wheat that opinions as 10
the future course of the market varied
greatly Initial prices for May whlch
closed Saturday at 79Aa199sc, ranged from
79c to 79hc. For time the volume OF pusi-
ness was tremendous Immense buying or
ders, many Of them from the outside, were
In the hands OF brokers, but local ionss,
with big profits in prevailing prices, were
more than willing to sell, ana from ,The rhe
crowd apparently believed that Wall street
Influences were at work and big commission
houses were closely watched. soon atter
the opening "A marked element of weakness
developed from the liberal receipts and the
weakness of the northwest markets, but
the appearance Of any large buying or sell
ing order in the hands or prominent
broker seemed to have more effect on the
crowd than any statistical news. AFTER
touching 1880. the market gradually stead
led and under heavy buying by prominent
commission house, which which started h dor r,S
professional sellers, an advance took
place: which carried the =, market
794c. After that nothing Of interest trans
pired, though price changes were frequent
until near the close, when local longs
flooded the market with their realizing and
prices slid off with amazing rapidity. The
close was at Sc the lowest point of the
day with the market exhibiting consider
able nervousness. Local receipts were ia
cars, two Of contract grade Northwest re-
eeipta were oI3 cars, against 475 last week
and sos a year ago. Total primary receipts
were $4,000 bu. Seaboard shipments OF
wheat and flour aggregated sos, 900 bu.
Worlds shipments last week were only s.
MVO bu. The visible supply decreased
10000 bu.
Light receipts, poor grading returns. un-
settled weather and light country accept
ances made the market for corn independ-
emily strong There was a good demand
Tor the cereal all day, and though late In
mad some effect and part of the early ad-
vance was maintained, the market closing
steady Commission house buying was a
feature OF cary trading Liberal local re-
celpts were 6Si cars. The visible supply in
creased 1,4S90O bu. May ranged from
sSsss4$sss.5c 20 to 3ois and closed &c higher at
oats were fairly active and at times the
market showed real strength 4 feature
was me outside demand buying from that
sSIrGe sss rec. DeinE steady all day. Receipts were
Soo cars. May ranged from 25Isc to 25a, &.
and closed lsc higher at 25asc
IroNislons were fairly active and irregtI-
nro,, iar sharp advances were scored at the
opening, the irmncss OF yard prices caus-
ing good general buying Reactions fol-
lowed qulcklys pork especially suffering
rpr MI huigans iauiddlI6n' Packers were sellers on
pork lOc lower at 1870, MAY lard mn.
oGha,ngsd G zee, at SLS2la and May ribs 2Isc higher
Estimated receipts Tuesday: Wheat rso
5000 head '"'S' 'io cars hoss,
me leading futures ranged as follows: