Omaha daily bee., 1902-04-14
COMMERCIAL AND FINANCIAL
Corn is King and Clearly Dominates AL
Cereals.
BULLS HAVE GALA DAY IN GRAIN PITS
Provisions Also Ascend and Bears
Labor I'm vain to Check Decided
spirit In whea,, Corn
and oats.

CHICAGO, April 12.-Corn bulls had a
tgnt rem on the grain markets today ana
Casliy sent prices SOARING. Everything IN
the corn sitdation was Duli'sh anu WIN
"A sooo show OF strength In wheat trace
UeUame active. CIosinB prices Tor May
wheat WCIe SsQ1Rc nlgneri May corn Az
J vanced lHC anu MAY oats &c up. fro-
VISIONS ciUseu i724IUc. to lzhc hikner'
interest IN corn easily Ouuan ali else
OF a speculative nature. Tit gradual al
vance OF the last week seemed TO have
been preparing the country Tor ueclsiVe
aClIUn IA mas niaInet. Inc uepieted STOCKS
IN the southwestern markets nau gwen 81.
LOUIS ana KANSAS City sood argument tor
AN advancing market ana touay when the
cable ilst snUweu strength ana the soutn-
nest Was sui stronger ana was biuulng
eagerly at the reiatIvely cheaper article
IN inns market, prices responded Win
sigor. 10 augment the growing bulllsn
sentiment receIpts were llsnt. 1ne carry
easy teeIing al wheat retarded an Inn
meuiate odnlsh response IN corn ana May
corn opened &c higher TO unchanged at
oS%u5Sssc; Then came the report OF iUvi,
~ Dusnels OF No. 3 corn sold to go south
az oniy nc unuer May ana adVices OF re-
neweu bulling in the southwest. Shorts
soon got scared ana, although many COW
cred, they all had a bad day. Inc COM
mon beueG among traders was that STOCKS
az st. LOUIS ana Kansas CITY hau pesn
reduced to such an extent that these
PAGES must supply their actual demands
IN chicago. scarcity OF o1erlnss acceler,
ated the u"pturn-nearly all the Dull crowd
keeping a light grip on their hogs for tur-
ther pronts. The market was nervous ana
active, at times, though, because OF the
disposition not TO sell. trade was not very
large. May spurted with broad advances,
ana, though the day was short 1t was no
trouble to put &c on May. That option
sold at 6l%c ana closed very strong and
lac up at pllac. Receipts, s. cars.
~ nreo'ni ~ non - me Vintsr nei1. Can,es
were strong ana receipts light, put May
opened ha9sc TO 1s1hc lower at 124sQiSttc.
however, stated that wheat was not i'm
proving with the recommendations, the
supsoil being 50 dry that such moisture as
HAD been supplied since spring had disap-
peared without anording the necessary. re-
iieT to vegetation. The bullishly inclined
with the remarkable strength in corn,
pushed prices up lc from low mark. Ao-
ately good. The southwestern points were
showing good strength ana snorts here
covered freely. An estimate that the WIN
ter crop would be only three-tourths OF
that Oh a year ago, which was made by u
trustworthy aulnorlty' was given credence
upturn. May wheat advanced early to
1SSsc, put dipped on proht5takins' The
of contract grade; Minneapolis and Duluth
reported l5S cars, a total Tor the three
points of 1856, against 22 last week and 275
a year ago. Primary receipts were 2J6, 0O
bushels, compared to $4,000 last year. Sea-
board clearances equaled $4,000 bushels.
The seaboaru reported twenty loads taken
Tor export.
Oats dimly reflected the strength in corn.
fair demand, in sympathy with the gem
eral upturn. May was bought freely by
SnOTtSt VINO ndu mlSBlNlnSB because Oh the
corn advance. Bull traders still continued
to leave this option alone as much as pos
sible, but there was a fair demand for the
further deliveries and only a little for sale.
May sold between 4l&c and 42kc and
closed firm, sc higher at 42c. Receipts, l5y
cars.
A growing bullish situation in the nog
market started provisions higher again.
There were only 10000 hogs here today and
estimates for next week were decreasing.
Hog packing was reduced almost hall.
ences and a strong close resulted. May
pork closed 121ac higher at SIC. TN. MAY
ard 7A.MIUc up at SO. 1908 IN, and Nav ribs
10c higher at 9.07lA.
Estimated receipts Monday: Wheat, 30
cars; corn, 60 cars; oats, 145 cars; hogs.
30, 900 head.
BY a ballot of 69 to l4s the members OF
grade Of pats standard oats" deiiyerabie
on contracts for July and further deliver
les after this date.