Omaha daily bee., 1902-09-13
COMMERCIAL AND FINANCIAL
Killing Frost in Half Corn Belt Rules
Prices in Chicago,
WHEAT DOES NOT HOLD THE ADVANCE
Corn Closes Higher and Provisions
Are rOnEe but Oats Closes
Lower in the Pit Than
the Day Before.

CHICAGO. Sept IA killing frost IN
half the corn velt ruled the gram ppn ptS
prepared for this sort OF news there was q
good upturn in the coarser gram carry ~
cinaIIv m sympathy with the corn advance
wheat maze Iair early gains. Inc ouIslus
situation, however, was "ysdhH1i,o some Of
the corn was reported damaged % per cent
longs in general took profits. MOST OF tne
corn gain was lost ana wheat unueI pres
sure closed weak. in the end september
and December wheat both lost &c sep
December oats lost NC. provisions closed
b41Ikc tC 2O4ZZhc higher. -
so much precautionary puylng IN OF
short corn had been done in anticipation OF
the frosts that the market was Derett OF
the exciting feature that otherwise would
have characterized the opening. hllllnB
frosts were reported in the DakOtas, Minns-
sofa, Iowa and Nebraska, ana hRhler
frosts in southern Kansas. At spencer,
, la, the damage was estimated at o. per
cent. What was missed in last nights
frosts bid fair to be nipped tonight. -,
. A big buying business started early, leo
by Commission houses. The local crowd
was somewhat against the price ana SOLO,
but the demand was good. ana dar 40
ceipts were improved both in quality and
quantity and cables turned a trife better;
early profits it was nearly mid-session
when the outside began to be affected by
The ADVANCES ySs1s re AND n at H thSS time the nlEhl ste
liquidation and predictions for warmer
weather after tonight's probable frosts
was strongest and closed strong at nc up
The near options were supplied to the
shorts in sufficient demand and with the
traders 'H allowed prices to close at barely
6OJac and closed nc up at 6Oc. December
sold at 44hc and closed Nc higher at B5b9
44c. Receipts were 21S cars, 60 of contract
Wheat made some advances early in the
day in sympathy with the corn bulge, but
after a fairly heavy business the pit turned
heavy and the close was weak. AT the
outset buying was general under the lead
houses. s The frosts northwest the con-
tlnuation of the small spring movement
and good clearances were the other bullish
incentives. After the initial upturns the
early buyers turned quiet sellers and the
gain and more besides was lost: English
cables were lower, but the continent held
firm. st. Louis was a fair buyer here. In
asmuch as the corn market was the leader
the clearing slump in wheat was attributed
in some extent to the decline in corn.
December opened h@kc up at 6sb@6shc,
sold to 69c and closed weak, asc low er al
69d69hc. September sold from 74Mc down
to a weak close, sc off at 7SHc. local re.
ceipts were 256 cars, 2 of contract grade
Minneapolis and Duluth reported e31 cars
cars, against 55S last week and Liza a year
ago. Seaboard clearances in wheat and
ceipts were 1,1i2,OOO bushels, compared &c
1,479,00O bushels last year.
OdLS hdu ohiS sHidi sHdIe Oh the III
terest today, corn detracting largely from
this pit. There were no prominent features
aud the small saTiy advances we're purely
sympathetic. There was a small demand
for cash stun. Prices closed easy. De
cember sold between Sl%c and CSC and tn,
cars, 8 of contract grade. Provisions ruled
strong under the influence of the ADVANCING
hog market.
On the rise there was considerable sell
ing. which caused some reactions. The pit
however, was bullish on the cold weather
and higher corn. The trade was good al
times, though IL was principally local. Jan
uary pork closed 20Q22hc up at SIS. 221s
January lard 15c higher at IS. 621h and Jan
uary ribs 5@7hc up at $7.97k.
Estimated receipts for tomorrow: Wheat
10000 head.
The leading futures ranged as follows: