Omaha daily bee., 1902-04-22
COMMERCIAL AND FINANCIAL
Hot Windy Weather Inoites Grains to
Brisk Rupture at Opening.
PROVISIONS DRAGGED IN DOWN HILL RUT
Close weaker Thar for Many Days
and Corn and oats Also Lose, but
wheat Quits with slight
Gain.

CHICAGO, April H.-Weather reports
ruled the grain pits again today. Hot,
windy conditions In the winter wheat
turn, but predictions Of relief by showers
worked against the bulls and May wheat
closed only a shade higher May corn hq
sac lower and May oats lbo down. Pro-
visions closed 1Od17c depressed.
Trade in wheat had a nervous strain;
A. the opening there was a ruSh to" faw
scanty showers were shown TO have fallen
since Saturday there was an opening Dull
lish squirt. Yet most of the professionals
hesitated about plunging in on the bull
side for fear that some small showers
might be magnihed In the minds OF tne
bears into a big rain and a break OF sew
e~al cents ensue. Considering the fact that
the entire wheat belt was dry-even dryer
MAY opened S@&c higher at 75a7iNc: then
came predictions that the hot and un-
B~easonable blasts would have some small
sip had it also that the Wall street crowd
was selling heavily in order to create an
impression on the Stock exchange that the
wheat crop was in no danger. May wheat
fell of hGkc before the decrease OF 1870
900 bushels in the visible supply came TO
the relief OF the bulls and started cover
ing Weather reports. as Of late, were
conflicting and favored both sides OF the
market. This kept the talent guessing and
mixed; May late in the day had a rally
and closed steady, a shade up at Hnq
nae. Local receipts were twenty-eight
and Duluth reported 2O9 cars, making a
hstal for the three points of 27 cars,
STimary receipts were $4,000 bushels, com
pared to 34S,0OO bushels last year. Sea-
board cIearances in wheat and -four
were 100000 bushels, against S,O6O,0OO
bushels last week and s,2s6,OO0 bushels a
year ago: Breadstufs on passage in
Corn trade was small and had no prom
jnent features. The market was inclined
TO follow wheat and prices advanced at
the opening. Stocks continued to decrease,
but the prospects of an easier wheat mar
ket irduced selling. Gables were uneX-
pectedly firm, but soon lost their influence.
May corn opened Aq%c to a shade up at
621Rd62Ac and sold off to 61%c; later there
eyas some, covering as wheat rallied and
some Of the loss was recovered. Near the
end of the session, however, the market
turned heavy and selling ascribed to the
hqsc lower at 6l7sc. Receipts were 1O6
cars.
There was a fair-sized furry in oats at
Ahe opening, based on the fear of damage
to sown oats by the dry weather. There
was a good commission house demand, but
later selling by receivers eased prices con-
siderably. When the hopes that the drouth
stories would create a strong demand were
not realized there was a further rush TO
unload and the market suffered. May sold
from 43Ac down to 425sc and closed easy,
1sc down at 42Jsc. Receipts were 147 cars
PROVISIONS suffered a further decline and
closed weaker than for many days. Hogs
arrived In larger numbers than estimated
and stock yards prices were weaker. Added
to this bearish factor was the fear that
newspaper comment of excessively high
prices for meat would retard consumption.
Selling In all products was liberal, both by
packers and the ~scalping trade. MAY pork
closed l7lkc lower at S1642Ik, May lard 1Oc
down at S'6S and May ribs l5c lower at
Estimated receipts for tomorrow: Wheat,
1900 head.
The leading futures ranged as follows: