Omaha daily bee., 1902-06-15
COMMERCIAL AND FINANCIAL
Dealers Apsthstio and Bears Take Tun
at Wheat
PROVISIONS DEAD AND ALL LINES SLUMP
Oats sympathiEe with Leading Cereal
and Cheaper, while Corn shows
Independent Strength and
Closes strong and Up.

CHICAGO, June I4-Apathy pervaded the
pits Of the Board OF Trade today. Traders
and not much OF that. inasmlch as wet
weather has ruled the pit for the last
week, when prospects OF clearing skies
were reported wheat lost its strength. Oats
sympsthized somewhat, but corn was under
the ban OF manipulation and held firm. AT
lhe close July wheat was Aa{c lover
on the list.
Late selling developed the only activity
that the wheat pit experienced today. At
the outset cables were lower, indica ting
better weather in France and England.
The southwest sold Literally in spite u
the fact that the country still had q sOggy
blanket spread over II and more rains
were falling. Commission houses took a
little stun on the score that not since the
Letter deal has there been such clear in
dicatitns that stocks Of old wheat are
TO take fold Of the crowd that nne
weather was at hand. Private telegrams
baoyed bears up TO this opinion and when
the open elevator crowd began selling
freely the crowd was sure a reaction had
set in. Meanwhile the wheat pit was very
dull. While the selling progressed a
had opened unchanged TO nc lower at
72nc to 721Rc, slumped to q weak close ana
hQsc lower at lt4ql1sc. Local receipts
were q cars, 5 of contract grade. Min
neapolis and Duluth reported ri cars, max
Ing a total OF Z9 cars, agains 81 last
week, and asz a year ago. Primary re-
ceipts were S57 1900 bushels, compared with
$4,000 bushels last year. Seaboard clear
Rnces In wheat and -four equaled g., 900
bushels. The seaboard reported fifteen
loads taken for export.
Corn was easy and dull, even for Satur-
day, Wet weather all over the corn states
hindered movement and grading, but the
lower cables and the wheat weakness or
pet the bullish factors and the pit was
left much to itself. In spite Of the life
less nature of the pit corn held very firm.
Two rumors were going the rounds rela-
tve to the big deal in July options.
One was that the Wall street crowd was
shipping out cash STUN. 1he other nad
II that j. Ogden Armour rather than the
Wall street crowd was the manipulation,
On these rumors the crowd fought shy OF
selling to-day. July huctuated only sc and
closed at its strongest, sake up at 63Ssc.
Country acceptances are still small. Re
ceipts were 800 cars, but graded only "a
cars contract
Oats were steady early, but trade was
ket and when wheat weakened oats fell
on In sympathy. There was a little re-
covery late. July new sold from 40lsc 70
Ss1ac, and closed easy and &c lower at
SsIbc. Receipts were 100 cars.
Provisions were dead with the exception
OF a little outside liquidation. Hogs were
slightly weaker and packers refused 10 sup
port after the first few minutes. This re-
Suited in q decided slump, but part of the
loss was reEained. In general the mar
ket was so dull that it was featureless.
AL July products closed 71sc lower, pork
at S7.524. lard at S1O.22ia and ribs at SiO. 40.
Estimated receipts for Monday: Wheat.
10 cars, corn, ST5 cars; oats, 1870 cars, hogs,
2,OO0 head. Hogs for the week, 10000
head.
The reading futures ranged as follows:
Articles Omen High Low Close yes'v