Omaha daily bee., 1902-08-08
COMMERCIAL AND FINANCIAL
Early atrsugsh IN Cereals Displaced By
Weak Market
BREAK N CORN sTANTs GENERAL DECLINE
osod Demand - openfna goon s.clsl
ana nsarish u.n sena psrsss
Downwnrd and General
A. owe

CHICAGO Aug l-Afssr considerable
early strength IN grains today the markets
aunered'a severe break. corn In particular.
1 too prolific 10 suit the bulls. There was a
good demand for nigh grade wheat, and very
little wheat Of this sort was coming to
market. This influence, however, could not
OBJECT the Incentive to sell heavily IN the
corn DIT when support was Withdrawn and
when corn broke jaggedly other grains
Der corn was idiMc lower. september wheat
h0ho lower and September oats h0hc
down. Provisions closed TIC to 15o lower.
There was a desire to cover short con-
/ tracts In corn by yesterdays sellers az the
opening and on a fair support BY a big
a aoos Emo s fhag y. a crawd sd Pr \ ,,r1 sn sc,sa
very bullish under the lead Of the crowd
thai bulled July stun. News. however. was
promlses to total nearly 10000 bushels.
Gables were lower n the weather was
perfect. Trade was not heavy early. and
out in Erest number September. which
had worked up from 64tc TO b5hc, plunged
down to 6sHo and closed, after some cover
The cash demand was moderate. The feel
fng throughout the pit wa that much OF
the ARTIFICIAL strength had been hammered
slump, that the crowd was overselling the
market. Receipts were A cars.
me break n corn near the Sl0ss wotSsa
aa the support fell on and excellent crop
S..9i ios ~" Trade was iieht aside from q
good early demand by elevator interests.
The caBh demend wes excellent. Prices
az a premium Of az much az 10c over Sep
sember were being asked IN tho northwest.
Considerable changing was Q from Sep
itember TO December options at a differences
market and very steady cables helped IN
the early upturn. September opened &c
down 70 ~unchansed at 6sEe 70 &C and adj
stated that everything was favorable. The
crowd was IN 2 mood TO bear the market
tSs e y5s s osss5rca 1 local p ssat,s sas cIps today sy
made q comparison between last years
crop heuses and the prospective. yield for
,15s yea 10y ~ sn nion oa ~ . sxss ms shaae az SrIps
bsptstnbsr wheat dipped 70 @Eo and closed
losipfs wef6 2fs oars. one Ok contract Grade,
and Minneapolis and Duluth reported 13l
cara MAKING 9. total for the three points
year ago. Primary receipts were $4,000
bsabgafd e~lsarances d wheat and nOur
bats ruled very steady until ths corn
break, Trade was qpeet, with q little buy
lene BY eonInlsslsn hounee. Reports were
apalitY agslsaed lev. Receipts were not
liberal and there WqB very little pressure,
su ss SRse q Hsn 81 Fi III wi ESSs oG nS seSFs sS Ess
bon ne p1rt 81 theinselvea. September sold
lNp 80 N5tc, brooks - M2c and closed easy,
MQHo down, as eiho. Aeocipts were 10
outuies iiquidatiou ana . lever hog mar
1at Depressed provisIons early. Pork was
eEnnf1d, hprU4or, ana on the packers nip-
bort mef2 Wa q geod advance until graine
Ilhe o.oro WAS weak, with september pork
MO down at N91t nopterphof lard 100 or
EAU \ Gopoonbtr ribs 80 lower ct
lgsimntsd 4npelptu Tor tomorrow Wheat.
80 uafst corn, ~ osf1t OATS 10 cargl hogs.
ghs isszinr FUTURES ranged a. fellows,