Omaha daily bee., 1901-02-06
COMMERCIAL And FINANCIAL
Oats the Only Redeeming Feature Of the
Days Dull Market
BUYING ORDERS MAKE IT A FEATURE
Light Demand DiscoursRes Holders
of whent-Corn and Provisions
Both Close Iower-Estimated
Receipts Tomorrow.

CHICAGO, Feb with the exception Of
oats the leading speculative markets II
the Board Of Trade were dull today. The
very light demand discouraged holders Of
wheat and that market declined &c. Corn
closed a shade lower and oats shade up.
Provisions at the close were 2iau5c love
Wheat was dun to the point Of stagna-
tion all day. May started out 1saiac higher
at 15ssc TO 75Aa75iac merely because Liv-
crpOol, which has been Indifferent alike to
our declines and our advances, failed to
reflect the drop here yesterday and he
cause northwestern fresh arrivals we're
moderate The market quickly touched
5lac. Soon, however, driblets Of long stun
came out. some for New York. some for
the foreign account and more from local
tcAlpers May gradually wofNed off to 15C.
Wherc something Of a surprise was In store
Tor, the talent Selling on stop-loss orders
had been expected at that point, but in
stead Of these the majority Of commission
houses had small purchases to make. This
steadied the market for few minutes,
hut tn" close was heavy. asc under the
previous close, az dNc. The change Of
sentiment afte" the opening was shown to
or ~ loads were ignored. although reports
OF the prospective closing of certain Min
neHpoliS HOUR n Ills were on hand at that
time as counter irritant Consul Mayer
at Buenos Ayres reported that Argentina
crop prospects Indicated an cNportabie sur
plus OF only iOWOv' bu. and that the
weather In that country Is unfavorahle TO
1ne crop. SCabOard CleuraE"CS-2Zg,WO hu.
In wheat and four-were disappointingly
small. Primary receipts aggregated 4itO00
bu., compared with 10000 bu the like day
last year Local receipts were 80 cars, oue
OF contract grade, while Minneapolis nd
Duluth reported 2S3 cars, against 260 last
week and 4O3 year ago.
Corn suffered from neglect, but neverthe-
less maintained firm front Light counter
acceptanCes and moderate receipts-I03
Cars-combined with the poor grading were
responsible for the steadlness MAY sold
between 397sc and 39lsc and closed a shade
lower at 39isc.
oats were slightly lower and firm, the
feature of the trade being the large num-
Der OF buying orders around 252sc The mar
ket opened "A shade up. on an active gem
eral demand. A bid of 25i5c for 10000 bu
however, brought out not only the amount
wanted, however, but so much more that
II looked as If the whole crop was for
sale. The secret OF the markets strength
lay In the active cash demand. May sold
between 25i.c and 25l2c and closed a shade
higher at 2jSsc. Receipts were 23S cars.
Provisions were fiat. The opening was
212c lower under the influence of heavy hog
receipts and drop In prices at the stock
yards. little rise caused a small rally
early but prices settled back later, packers
having taken advantage of the slight bulge
70 sell. May pork closed 2i2c lower at
Sl397iR; May lard DC down at S747ih, and
May ribs 2l9n5c down at sG.97i2
Estimated receipts tomorrow. Wheat so
cars; corn, 200 cars; oats, 100 cars; hogs,
5000 head.
The leading futures ranged as follows: