Omaha daily bee., 1902-04-01
COMMERCIAL AND FINANCIAL
Corn and Oats Crawl Up a Fraction Of a
Point.
WHEAT NERVOUS AND QUITS UNCHANGED
opens Higher. hut Dips with Come
b~ack-Grain interest Centers In
Corn and Provisions Are IRE
RuIar with slight mango.

CHICAGO, March Sl.-speculati ton in
grains was active and nervous. today, tol-
Trade was largely Of a manipulatlve char
acter which puzzled the public, At the
close May wheat was unchanged, May corn
1sGi4c higher and May oats nc hlgher;
Provisions were weak for a time. but closed
unchanged TO 2lzc higher, ,bo
outset, due to the influence of the cold
weather west and southwest. This was
q good excuse to start covering ana buy-
OF late. in s'' bull deal in July options
jumped into the pit and sold l,OO,OOO pusn-
els of that delivery I'm about ten minutes;
Spectators were staggered for a time ana
all prices lost in consequence; July lost &c
straight to 6OIhc, and May, which opened
kGkc to Ad5sc higher at 60hQ6Ohc, slipped
down to 59asc. Ii was thought that the
bull crowd had intentionally bid up the
opening prices preparatory TO the heavy
selling. After this break corn seemed TO
absorb in a quiet manner, and it was sup
posed the cereal was finding It's way PACK
10 early holders. There was a dlsPV srires
advanced gradually. The close was hrm,
May lsdhc higher at 6Osc'~ Receipts were
A natural reaction from Saturdays de-
cline and the effect Of the, corn Strength
caused wheat 70. open a shade to SOC
Increase on passage, were bullish. Cold
weather, though lightly spoken Of, had its
STect stT TnTSug ana eU was aided materially nate by
commission house buying All this show OF
a r%eviving market went giimmering, now.
ever, when corn broke lc. The marker
was very unsettled. The southwest was
bcarish at times and sold heavily here
Stop-loss orders were received ana May
prices reached a new low marx Tor the
fseason-7OMc. The increase of 2,z95,OO
bushels in breadstuffs on passage was con-
strued bearishly by the crowd. Late IN
the day there was some talk of crop dam
age in the southwest, but most OF the
spectators were inclined to treat the ar
gument lightly. Crop experts expect tne
next government report to show a condition
Of 60 to 20 per cent for Kansas. AS corn
recovered scalpers took advantage of the
absence Of a selling pressure in wheat to
boost prices again and May, rallylnB, closeu
unchanged at 1hd7l14c. Local receipts
grade; Minneapolis and Duluth reported
391 cars, making a total for the three points
OF 40 cars, against 81 cars last week anu
$50 cars a year ago. Primary receipts were
$40. 900 bushels, compared with $4,000 bushels
a year ago. Seaboard clearances In wheat
and -four e~qualled $4,000 bushels. r
was very little selling pressure, out also
no demand. The market was easy, at times
In the absence of demand, ana on the
weakness in other grains. Changes were
only fractional. When corn rallied oats
closed highest. OF the pits. May SOLO 70
l2Ac and closed firm nc up at 42c. Receipts
Provisions were active and irregular,
There was an early strong, feeing IN IInss
face of a weaker hog market. but It did
not last long. Commission liquidated Tor
outside longs, iberally; especlaliy IN MAY angg
showed that the bulge of the last week or
so was mainly caused by short covering.
Packers came to the rescue Of the market
by buying through brokers, and even sent
prices above Saturdays closing hgures'
Realizing sales toward the end Of the SEES
sion brought dips again and May pork
closed unchanged at 1858; May, lard un-
changed at s9.77h, and May ribs 212c hlgher
at $3.50.
There will be no session of the board to-
morrow because of municipal elections.
inns receipts for tomorrow: wheat,
rs cars; corn, 173 cars; oats, 100 cars; hogs
$4,000 head.
The leading futures ranged as follows: