Omaha daily bee., 1902-06-16
COMMERCIAL AND FINANCIAL
Dealers Apathetio and Bears Take Tum
at Wheat,
PROVISIONS DEAD AND ALL LINES SLUMP
ats sympathiEe with Leading Cereal
and Cheaper, while Corn shows
Independent strength and
Closes strong and I'D.

CHICAGO, June 14.-Apathy pervaded the
pits of the Board of Trade today. Traders
paid little attention to anything but wheat
weather has ruled the pit for the last
week, when prospects OF clearing skies
sympathized somewhat, but corn was under
the ban of manipulation and held firm. At
the close July wheat was AAsc lower,
July corn huLc up and July oats 1sc down.
Provisions closed T2c down Tor everything
Late selling developed the only activity
that the wheat pit experienced today. AT
the outset cables were over, indicating
better weather In France and England.
The southwest sold literally in spite Of
blanket spread over 1t 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
dicatiCn ms that stocks OF old wheat are
practically exhausted. A belief then seemed
to take hold of the crowd that fine
weather was at hand. Private kilograms
buoyed bears up to this opinion and when
the open elevate 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 &c lower at
72Nc to 12iac, slumped to a weak close and
&qbc lower at 1%Qnsc. Local receipts
were % cars, 5 of contract grade. Min
neapolis and Duluth reported III cars, max
Ing a total OF 29 cars, agains 81 last
ceipts we're s57, 900 bushels, compared with
$4,000 bushels last year. Ssahoard clear
anceS in wheat and flour equaled 622,U O
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 off
set 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 We're going the rounds rela-
tive to the big deal in July options.
Ono wa fhaf tho Wall Gftaat prouvd uaG
shipping out cash stun. The other had
It that j. ogden Armour rather than the
Wall street crowd was the manipulation.
On these rumors the crowd fought shy of
the pit, especially as there was no big
selling today. July fuctuated only &c and
Country acceptances are still small. Re
ceipts were 307 cars, but graded only "a
cars contract.
Oats were steady early, but trade was
slow. There was little support to the mar
ket and when wheat weakened oats fell
covery late. July new sold from 4Ohc to
39hc, and closed easy and 1sc lower at
39bc. Receipts were 165 cars.
Provisions were dead with the exception
of a little outside liquidation. Hogs were
slightly weaker and packers refused to sup
port after the first few minutes. This re-
suited In a decided slump, but part of the
loss was regained. In general the mar
ket was so dull that It was featureless.
All July products closed TIC lower, pork
at S17.52k, lard at Sl0.221k and ribs at $40. 40.
Estimated receipts for Monday: Wheat,
20 cars; corn, 375 cars; oats, 100 cars; hogs
42,00O head. Hogs for the week, 17O,OOt
head.
The reading futures ranged as follows: