Omaha daily bee., 1902-03-02
AND FINANCIAL
Oats Hold the Attention Of Spectators by a
Sudden Jump.
GIVES STRENGTH TO OTHER GRAINS
Reports of shipments from Chicago
Cause Fiurry-wheat f. Slightly
Active and Corn Active and
Somewhat Nervous.

CHICAGO, March IAN excited oats
market held the attention of spectators In
grains today. Alarmed shorts covered so
other grains strengthened on the influence.
A sharp reaction followed and May wheat
closed Sc lower, May corn %@5tc lower
closed a shade to 5d7hc lower.
The early furry in oats was the outcome
Of a report that the heaviest holder Of
May oats was ordering No. 2 mixed oats
out of regular elevators for the purpose Of
s set1pRln gut as OF pu cs,s as possible sSort Of contrast contrast
this as a challenge and for the first hour
there was a lively scramble to cover. There
made to force values before the govern
ment crop report. which is expected March
no indications that point to an early in
creased movement Storms are breaking
up the roads, These influences aided in
tirely unexpected. Nervousness prevailed
all morning and the trade was heavy. May
6 SsTils 70 Sq 97ES VI ct ana aaaqtfSs then e ~cnt % nSWsTd
with, quick jumps to 46hc, One buyer got
nearly 100000 bushels at the high, figure.
quickly as they advanced. May touched
H17fc and closed sim firm, %@rSc higher at
Wheat was active at times, but with a
declining tendency that was checked by
markets. The range was small and trade
not heavy and all told there was little of
AulpOIIaHCe uOlHk. OamAKe IeDOTlb CON-
tinued to come in from the southwest, but
the crowd was slow to believe them and on
the heavy, rains the feeling was inclined to
be bearish. English cables were rather
firm and the sharp bulge in oats and the
corn strength helped an early irmness.
the tns p pTsSadHT "s sent RiTSsnss seemed menssi't to lack
confidence. Sellers at the same time were
cautious. There was no demand for cash
wheat and there was nothing significant
In receipts. May opened q shade higher to
a shade lower at &c to 7s%c. held steady
then, when corn broke, eased of to 76kc.
May closed easy, &c lower at 76h@76bc.
Receipts were "A cars, none contract. Min
total for the three. points of $50, against S61
last year. Primary receipts were $4,000
Seaboard c~learances equaied s2s. 900 bushels.
Corn was active and somewhat nervous.
Early in the session small acceptances
kets firmed the market. Cables were
slightly higher, but were disappointing to
the upturn in oats held corn to its strength
and May opened hQHc to a shade lower at
62%Q62hc. Fluctuations were narrow just
after the opening and May sold up only to
62hc, when oats were at their highest. As
soon as oats started to react corn holders
began to unload and the market turned de-
around &c. The cash demand was dull and
although the weather west was, still
broke, the offerings being taken mostly by
shorts and holders of privileges. May sold
slow at 61A@61%c and closed heavy and
weak, %@Hc lower at 61sc. Receipts were
204 cars.
The light receipts and higher prices at the
yards were factors. Commission houses did
some small buying and further advanced
prices. On the bulge packers offered
freely, considerable ribs were sold and on
the grain slump prices eased. under yes
terday. May pork closed &c lower at
$15.45, May lard unchanged at S9.S7h n
May ribs 697hc lower at $S.35QS.37h.
Estimated receipts Monday: Wheat, 25
80, 900 head.
The leading futures ranged as follows,