Omaha daily bee., 1901-02-08
COMMERCIAL And FINANCIAL
Wheat Irregular, but Averaging Firm and
Closing Higher.
OTHER MARKETS ACCOMPLISH LITTLE
Corn sympnthcticnIIy Moves Up n
Fraction and oats shade, hut
Provisions stick in the Same
Old Notch.
R MARKETS ACCOMPLISH LITTLE

CHICAGO, Feb. Wheat was Irregular
today, but averaged firm, and closed &c
up, with the assistance Of liberal export en-
gagements reported near the end Of the ses-
sion. Corn I'm sympathy advanced &c and
oats n shadc. Provisions finished duh day
unchanged at 21Rq5c higher.
At the outset the trade in wheat was
marked by some excitement occasioned by
an advance Gt Liverpool, quite agreeable
TO the bullsh hopes aroused by the heavy
export Gales yesterday. May opened Au@sc
higher at 1Ji4C to I5isc and on buying Dy
commission houses and covering by shorts Is
rallied during the first half hour to ioAh
553sc At this Liverpool announced that the
advance on that side was due TO buying
by Americans. The market thereupon pc
came fiat and the bear contingent, aSSlSleu
by discoura ged liquidation on the part or
longs, sent May down TO HAW Aesc. Ine
pressure on the decline was very moderate,
but the demand came only from a teW
small bulls. Trade here became so dull that
there was ample time to pay attention 70
the gossiping OF alleged wise ones. 81;
Louis and New York dispatches remarked
an Increased continental demand, to which
verisimiitudc was added by southwest
ern exporter who reported an excellent de-
Inand from Antwerp and Hamburg the
latter point not having been in the market
for some months. These advlces ably as
eistcd IA removing selling pressure from
the market and even occasioned some COW
ering by shorts. 1t took the report that 40
loads had been taken for export to bring
shorts around to a radically different view
of the market. As longs held rather tightly
TO their purchases the buying pressure was
quickly responded TO, May rallying to ioesc,
the best price Of the day. Scalplng lonBs
took profits on the bulge, but the close was
firm, May Ac higher than yesterday az
15hc. At the end of the session bull ranks
were somewhat more formidable than they
had been earlier-at least In talking
strength. Primary receipts footed up TO
$4,000 bu., compared with 3l2Wo bu. inc
corresponding day last year Minneapolis
and Duluth reported 299 cars ;iin against ~ S6I
last week and 800 a year ago, while local
fresh arrivals number 3S cars, none OF
which graded contract. Seaboard clearances
in wheat and -four 35i,OO bu., were more
Corn experienced a moderately active day
and fair volume Of trade. The market
opened strong under the influence of wheat
prices and Hight acccptances to bids sent
Into the country last night. The decline
in wheat proved influential in the corn pit
early and under commission house selling
prediction of rain and mild weather west
caused covering by shorts, under which the
market rallied and closed firm. May sold
between 3SkM3SbsC and "9c and closed nc
higher at 3SHc Receipts were 239 cars
The cash trade was quiet.
oats were duh and featureless, the mar
ket at times being at an absolute stand
other grain markets. Receipts were 10
cars; country ceptances liberal. May
sold between 25lsU25Ac and 25A@259sc ano
closed n shade up at 5iaQt253sc.
Provisions ruled duh but Arm, supported
by higher prices for hogs ana the teC
cash demand for produce. The speculative
trade, however, was In local hands OK
clusively and was bare of feature. MaS
pork closed unchanged at SH; May lard. ~
dp5c higher at $7.521s, and May ribs, 21sa5'
up at $1.O5.
Estimated receipts tomorrow: Wheat, 81
cars; corn, 200 cars; oats, liO cars; hogs
25,OJ0 mead.
The leading futures ranged as follows: