Omaha daily bee., 1902-12-30
c MMlRCIAL AND FINANCIAL
Fairly Active Trade On Opening Day Of
Week at Chicago.
sRAlN MARKETS THERE CLOSE FIRM
ytRtIstics Favor the Bears In wheat,
Large shipments From Russia
BEING the Main Influence which
Affect the Trading.

CHICAGO, Dec. 29-There was a fairly
Active trade on the Board Of Trade today
and after a weak opening the grain mar
kets closed firm. although May was down
hmAc; May corn was up hHAc and oats
was NC higher; May provisions closed I'M
changed to l0c higher
Wheat ruled actively throughout the day
and lower prices prevailed early In the ses-
sion due to heavy liquidation by a promi-
nent long. Statistics in general favored
The beare. the weather conditions being
favorable for the movement; receipts lib
ences were the large shipments from Rus
via, which were estimated at three times
those Of a year ago.
Commission houses were good buyers at
the decline and IL was reported that the
leading long added materially to his line.
A better tone was manifested the latter
part Of the day and much early loss was
gained. The close was steady TO firm
May opened bqhc lower a. Vu7I1sc and
sold OF to 76%d761zc, but there was a grad
ual advance late in the session and the
close was AG&sc lower at 76,s977c.
There was an Increase Of Visible of $4,000
bushels. The amount on passage decreased
glI.v'S bushels. Ciearances Of whert and
corn and -four were $4,000 bushels. Pri-
mary receipts were l,O65,O0 bushels, against
LOS, 600 bushels a year ago.
Minneapolis and Duluth reported receipts
of 800 cars, which, with local receipts of
u cars, two Of contract grade, made total
receipts for the three points Of 932 cars,
against 1,lb2 cars last week and 92 cars a
Corn was moderately active and after an
early depression, due to the weakness in
wheat and favorable weather conditions,
the market was firm. Commission houses
were good buyers, and with clearances
amounting to S89, 900 bushels. against only
$4,000 bushels the corresponding day last
year, prices had an upward tendency. May
closed kdkc higher at 43%d4S&c, after
selling between 43ha43Ac and RhQf3Ac.
Local receipts were 2SO cars, with only two
OF contract grade.
oats opened easy, Influenced by the lower
prices in other grains, and there was quite
free liquidation by local longs. A strong
tone developed later on and all Of the early
loss was regained. A good commission
house trade exiEted throughout the day
and toward the end of the session the early
sellers turned buyers. Favorable weather
and large receipts were the main bear fac
tors, while a decrease I'm the visible supply
of 1000, 900 bushels was a bull feature. The
close was firm, with May &c higher at
24Ac, after ranging between 33tsc and 34hc.
Local receipts were 27 cars.
Provisions ruled strong and opening
prices were higher, influenced by the
smaller receipts Of hogs and higher prices
at the yards. Active covering by shorts,
together with a good demand from pack
ers, gave the market a fair support and
prices held steady. Local longs were the
principal sellers. May pork closed 10c
higher at $1655. lard was up TIC at $s62H,
while ribs were unchanged at S.67lh.
receipts for tomorrow: Wheat,
100 cars; corn, $50 cars; oats, 235 cars; hogs,
5000 head.
The leading futures ranged as follows: