Omaha daily bee., 1902-08-03
COMMERCIAL AND FINANCIAL
Excellent Cash Demand Leads All Cereals
to Higher 0losingS
HEALTHY TONE AND MARKET ACTIVE
Early Bearish Conditions in wheat
Overcome and Corn and oats Rule
Firm-PrOvisiOns sake
Notable Gains.


CHICAGO. Aug. All speculative mar
kets on the board OF Trade closed the
week with a strong rally. A tone much
better thai had existed for weeks made
itself manifest in a healthy, active trade IN
most OF the grains. and although the coun-
tryside was not heavily In the market
there was promise for much better BUST
laid at rest Scarcity OF contract grains
tor immediate marketing-wheat. corn and
oats-made the shorts feel uneasy all ses,
sion, and although receipts In wheat still
exceed those of last year the excellent cash
demand, especially for corn and oats,
brought higher closing prices an aro1nu'
September corn 1d1hc and September oats
%q%c; September provisions closed l5q2'1sc
Bearish conditions we're arrayed against
wheat prices at the opening of trade. Re-
ceipts locally were one-ftth more than eX-
pected, the weather vas excellent ana the
talk was for good spring crops. Liverpool
had a holiday, but London and Paris were
firm, and September showed only a slight
easiness on first sales. Contract arrivals
were almost MIL cars today out of S3l
received. This started much comment and
e ssip, which had a trend toward curtailed
receipts soon. now that the rush of new
wheat TO market was imposed to be over,
and caused a scurry among shorts to cover.
New York and leading bull interests were
buying September freely, and in conse-
qlence good advances were made quickly,
Liquidation at top prices brought slight
dips, but the local sentiment was so bull
ish that the close was strong. Much of the
strength came from the absence of free
offerings. No. / northern cash wheat also
was selling &c over September prices. The
near option was bought more literally than
December and advanced over the winter
month from 1c yesterday to l%c at the
close. September opened hc lower to hc
higher at 6shc to 10hc, sold to 707tc and
closed strong, h9Ac up, at 709sQ70Ac.
minneapolis and duluth reported ~ cars.
OF $50 cars, against 46l last week and 46
a year ago. Seaboard clearances In wheat
and flour e~qualled 27s,OOO bu. Primary re-
ceipts were 1,O5O,OOO bu., compared to 10000
blu. last year.
Corn receipts amounted to only IS cars,
2 Of contract grade. With such scanty re-
ceipts as this market has had for the last
week and with still smaller estimates for
next week, there was naturally very little
turned out nothing. fThe cash demand was
excellent, and in addition the fasteners
who expected to be flooded by the out
pouring Of cash corn that was brought to
market by the July corner, found their
stocks SO depleted that they had to in
crease bids ihc today to secure stun.
by the houses recently heavily interested
In July oats. There was no selling. save
was a strong and steady advance. septem-
Der sold from 561kc to 5Sc and closed strong
lgl1sc up at 5I%451hc.
Oats were In excellent demand and the
pit ruled Arm and active. The frmness
In other grains and the premium of 1OC
for some cash grades over September OPP
HNho WIN y bOOo NdSh INJURY y snip
ment. pushed prices up. There was a little
proht-taking, but the bull sentiment ruled
uppermost. September sold from s2hc e
33bc and closed firm, MQAc higher, at 32A
qS3c. Receipts were liberal at III cars
Crop prospects continue good.
Provisions were fairly active and for a
time unsettled. The weaker hog situation
and pork selling depressed prices early
hut q very good demand for lard and n.
reduction of stocks during July Influenced
late buying and prices closed strong. Sep.
TENDER pork closed 15c up at S16.S5 Sep.
TENDER lard loo higher at $10.92k and Sep
TENDER ribs 27hc up at 1906.
receipts Monday: Wheat, 20
cars; corn. 40 cars; oats, 1o cars; hogs
5000 head.
The leading futures ranged as follows: