Omaha daily bee., 1902-02-09
COMMERCIAL AND FINANCIAL
Grains Olsss the Nsastonsus weak Of
Speculation Quietly.
In Spite of Lower Cables, Coarse Grain
weakness, weather Conditions
and Liberal Selling Leading
Cereal Closes Higher.

CHICAGO, Feb. s.-Grains closed a some
what monotonous week of speculation In
much the same fashion Of the day pre-
vious. Weaknes in coarse grains brought
dips all around, but the revival of some
small strength in wheat buoyed the mar
kets up late in the day. May wheat closed
Nc higher, May corn sc lower and May
oats nc down. Provisions closed unchanged
to SC lower.
The narrow up and down market in
wheat that has characterized speculation
in that cereal for some time past began
again at the opening today; Mneat nae
to defend itself from the depressing IN
iuences OF lower cables and the coarse
grain weakness that still made itself man
fest Weather conditions also were
and commission houses sold literally. May
opened %@Ac lower at Uh411Ssc TO THs4
7fhc. but al once began TO show signs OF
Independent strength. Commission houses
had some orders late, shorts covered and
the local houses began to buy. May. soon
in the coarse grains eased of at times.
At the close May was firm, Nc up at TAO
grade. MiRRneapoIis and Duluth reported
zS9 cars, making a total for the three
points OF S1 cars, against S2S last week and
600 bushels, against $4,000 bushels a year
ago. Seaboard c~learances equalled A6,OOO
bushels. Australian shipments for the week
900 last week and $4,000 bushels a year ago.
Corn again led in the decline which
was slow and iabored. For a short time
after the opening, which was weaker on
lower cables, It gave evidence of doing
Gently was one of corn's best friends,
turned against II again today and took a
good deal of its life away. The storm
center of the corn bulls has been at Kan;
sas City, where there has been stored
considerable quantities. The recent light
receipts at that mart have resulted In
cleaning up much Of the stocks, but un-
and st. Louis reported the southwest weak
ening on the corn proposition and the best
people there were selling. Receipts at the
former point, which of late have been run,
tables today and easily outran the ship
ments. The local pit was crowded the
early part of the short session and selling
opened H@hc lower, got down as low as
61kc, after having sold yesterday at sc.
Later the market ruled dun, shorts COW
cred and, with wheat, May reacted weakly,
closing weak &c down at 61&c. Receipts
were IS cars.
Oats had a nervous, shifting market.
The opening tendency was decidedly down
start oats were the weakest on the floor.
There was heavy selling by commission
houses early and prices lost nearly lc,
yesterdays last price. May at one time
sold as low as 42#c. There was a fair
amount of trade, but the corn weakness
held prices down. May closed rather weak
Hc lower at 43Ac. Receipts were S. cars.
Provisions were dull and easy. TIL OPEN
ing was lower pm a large run of hogs.
The cash demand was fair and packers did
some small buying. Prices fuctuated mar
rowly. May pork closed &c lower at $15.S5.
May lard PIC lower at $9.45 and May ribs
Estimated receipts for Monday: Wheat.
10 cars; corn, 60 cars; oats, los cars; hogs,
$1,000 head.
the Leading futures ranged as follows: