Omaha daily bee., 1902-04-23
COMMERCIAL AND FINANCIAL
Weather Again Ruling Factor in Grain
Speculation with Trading Easy.
CHECK TO LATE SLUMP IN PROVISIONS
Rains Depress Early Market In wheat
pits and Close is Lower. but
Corn and oats Quit with
Th~ree-Eigbths Gain.

CHICAGO, April 22.-weather was again
the ruling factor In grain speculation today,
At no time was trading heavy. though
throughout the session a strained, nervous
feeling was present. May wheat closed a
shade lower, May corn &c up and May oats
&c advanced. Provisions closed 2lzc to ga
Reports Of rains in the wheat belt tended
% S9wstd pi an R sdTS KENT emtr coming in every.
where telling Of the almost parched condi-
ton OF the. ground and stating that the
rains were by no means sufficient to save
crops. Those who thought prices would go
rafting down soon moved to relapse their
short lines. The southwest had weakened
materially on the rains, but soon advanced
above Chicago prices. Clearing weather
was reported where the rains were most
needed and an unexpected rise IN Prlees
lower at TAd74hc and sold on to H3bH4c.
Then came Bradstreet's report Of 6;65o,OV9
good buying resulted Commission houses
that had sold literally early for the south
west bought back rapidly. The local crowd,
orderly enough, was bearishly affected be
cause the weather was somewhat cloudy
in Chicago. This, with reports of more
rains southwest, caused a little late selling
and after May had sold at 75Mc closed
steady, a shade lower at Hsc. Receipts, 81
cars, a total for the three points of 236,
against 1874 last week and 3O2 a year ago.
Primary receipts were 3O1 600 bushels, com
eei trea @1sh s Selig a sii,ooo aB Bushels isA0C The
seaboard reported Il loads taken for ex-
port.
Corn was largely under the influence
of the wheat market and was something
of n waiting affair. Early in the day prices
sagged OF on the rain influence in the
wheat pit, though the natural condition of
corn would not permit of as marked weak
ness as shown early I'm the other cereals.
Selling was liberal and developed until
May sagged of from 6l1sc to size. When
wheat rallied corn accompanied II and
showed better relative strength. There
was a bulling movement talked of by the
crowd that was conspicuously bullish in
July corn several weeks ago. This added
TO the growing strength. Although the in
terior movement was a little better than
of late the crowd looked at the receipts
bullishly. May sold up to eye on the re-
action and closed firm, sc higher at 62Ac.
Trade was nervous, but rather quiet. Re
ceipts, ~ cars.
Oats readily felt the bearisn influence Of
the rain reports, but rallied quickly with
the other grains. Trade was quiet. The
rain as yet has not been sufficient to re-
heve the fears for the new crop and the
general news of the feed situation is not
encouraging. May sold as low as $3.50 and
as high as 4S1ac, closing firm, sc up at
43hc. Receipts. 2S cars.
Provisions were weakened early by a
weak hog situation. There soon developed
q strong cash market, however, and offer
ilgs in futures were restricted. Packers
otfered q fair support, especially in ribs,
which advanced best of the list. All prices
closed firm, May pork 21Rc higher at sl6 as.
May lard 21sc up at @.6l1R and May ribs 5g
TIC higher at $9.02kd9N5.
Estimated receipts tomorrow: Wheat. As
900 head.
The leading futures ranged as follows:
-,