Omaha daily bee., 1902-09-06
COMMERCIAL AND FINANCIAL
Frost Scare Again Becomes Factor in the
Ohio g. Grain Pit
WHEAT IS LEADER IN THE ADVANCE
Corn After Early Reacts
Slightly, but Closes BiEher-0ats
and Provisions Are Also
Higher Tn sympathy.

CHICAGO. Sept. 6-Grain spectators be-
came excited today over the posslplhty ~
frosts in the unripe grains tomorrow IN
spite of the fact that the weather map III
dications were very favorable.
While conservative traders scored at the
inconsistency with which the markets raj
when frost was on the ground, the Tesuii
of the days trading was a good gam All
around. The probable reason for this was
that the bulls did have a very, good plank
in their platform-that OF chronic poor
grading Of receipts at this point Al tne
December corn HOMO higher and December
oats sc up. Provisions closed generally Hc
There was a brisk demand early in the
wheat pit, largely from the outside, Com
mission houses bought literally and there
was good support under December options.
Much Of the talk of the bull side was of
the fear of frosts In the northwest. This
was supposed to be principal cause OF the
upturn, but steady cables, light receipts and
bad grading helped materially. The senti-
ment generally was bullish and there was
no selling pressure present, After the early
bulge the market was Inclined to dizziness
and prices h%uctuated very narrowly. Sep,
ember sold from 12c to I2Ac and closed
La%c up at 6s14a6sSc and sold to sc. clos
ing strong, Am9bc higher, at S%u6Stsc.
Local receipts were los cars, OF contract
grade. Minneapolis and Duluth reported 40
cars, making a total for the three points
of 55S cars, against 617 last week and L05O
last year. Primary receipts were Log, OOO
DAGUgA1s GONAUaA " ~ AHNaNfNNN aEASA A11N
year. Seaboard clearances In wheat and
flour equaIed 5000 bushels. Argentine
shipments duplicated last weeks at 1900
bushels, compared to $4,000 bushels a year
ago.
market improved on a general demand, In
duced by the weather scare, and shorts
wanted stuff. The outside was on the bull
side OF the market, and for a time busi-
ness was brisk. Some reports had 1t, how
ever, that there was not much corn to be
hurt by frosts, and after the first quick
upturn the demand fell of. locals offered
freely and prices dipped back somewhat.
Cables were steady and the weather map
was favorable for today. September had a
fair advance. but not much of a trade.
Late business was poor at a fair advance
from yesterday. September sold at 59%c
and closed a trife firm at &c advance at
59c. December sold from 425bc to 431zc and
closed firm, hQtc up, at 5SkQ5SAc. Re
ceipts were poor at IS cars only 4 OF con-
tract grade.
oats were Influenced largely by the same
conditions that helped other grains. Shorts
bid briskly for September early, on the
very poor quality of grain receipts. Profit
taking late in the day brought some recess
sion, but the close was firm. September
sold to 3Ac and closed sc up at 35hc.
December sold from ah93l%c and closed
firm, SC up, at 3lssc. Receipts were 292
cars, 5 OF contract grade.
Provisions felt the strengthening infu-
<ence of n sharp improvement In hog prices.
Grains were also a bullish factor. Trade
was fairly active early. but a little selling
on the bulge took away some of the gains.
January pork closed 10c up at SIS, October
lard and ribs both closed 1c up at S9900
e-e!.
Estimated receipts for tomorrow: Wheat,
300 cars; corn, lB5 cars; oats, $50 cars; hogs,
The leading futures ranged as follows: