Omaha daily bee., 1902-08-07
CONNERCIAL and FINANCIAL
Big Array Of Bearsh Hsws Disoouagss
Values and BuIls in Grain PitA
FaIcIs sTLADY LAII b THI DAY
Coed wheat Export sales and Firna
oats Tone Helps Cereals Near
she End, but close ~
Generally Lower.

CHICAGO. Aug. 6-Bulls In the grain
pits were greatly discouraged today over
the glowing reports from the harvest
a aee he nnest ever. Corn promised a
bumper yield and with splendid weather
for harvesting and wheat siumped OF.
day steadled wheat and shorts were afraid
70 sell more oats. This helped late prices.
At the close September wheat was Q shaoe
down, September corn 1He lower ana sep
fember oats unchanged. Provisions closed
unchanged TO 125kc higher.
: Corn weakness developed as a result o.
The growing crops, cables were lower ana
heavy saies were reported from all sources.
Little support arrived and the crowd be-
came bearish en- The exceps,onai ve nssrv
100000 bushels. as compared TO only ~
100000 bushels last year, The. report was
cmphasized by news arriving from private
eanrces and caused extreme heavlness and
"a quick slump. September sold early at
boIkc on a run OF onIy q cars OF corn to-
day, but fell back on the heayy selling
to bllc. Covering brought the best sup
port, although the reports Of on.y 30 cars
TO come tomorrow helped In a late reac-
tion. September did not regain All its aoss
and closed very weak. ihc down At b15sc.
Not a car OF contract corn arrived to-day.
Wheat had a good support IN spite e1 tne
were very steady compared to the weak
ness here yesterday and ~clearances and ex-
ports were taiE; These ~innu snsssssi z nv
brought a steady close after several breaks.
Fine weather Was reported IN the spring
country and harvesting was done as far
north AZ middle Minnesota and southern
North Dakota. The report Of the missouri
crop estimated q yield Of 64,00Q,o0e bushels,
as compared TO 31,000.00 bushels last year.
Receipts were still In excess of those ol
last year, but contract. grading was stu
low. September opened hp]e 20 20 1870
dipped to 6Sif@6sMc and closed steady, g
ehade down at eoc. Local receipts were 267
cars, cars OF contract grade. Minne-
apoiis and Duluth reported 81 cars. maktns
q total for the three points Of 40 cars,
against 357 cars last week and S5s a year
against 1,2o6.0QOa bushels a year ago. Sea-
board clearances in wheat n nour
equaled 6ieO0O bushels. The seaboard. re-
ported Is loads taken for export; Duluth
shipped 80 loads and this point took char
tiers for 100000 bushels.
4. Oats ruled the strongest OF the grains
because Of an absence OF any selling press
ure. Receipts were not large and Septem-
Der was In good demand from commission
houses. Offerings were light to spite OF an
east By Indiana and Ohio. The easy tone
In the other markets held down oats to
some extent, but the close was steady ana
unchanged at nK082c for September. Re-
ceipts were 50 cars.
Provisions were supported well ~ pack
ers and the market ruled very hrra. There
was none OF the recent outside liquidation
and very light offerings caused advances.
Corn weakness caused something OF q re-
duction. September pork closed isAc up az
$lO.s5, and September ribs. 2hc higher at
Estimated receipts for tomorrow; wheat,
go cars; corn bo,1S5 bushels; hogs. 1000
The leading futures ranged az foIlowss