Omaha daily bee., 1902-03-19
COMMERCIAL AND FINANCIAL
Wheat Takes an Upward Turn and Closes
Higher.
CORN AND OATS QUIT A SHADE LOWER
Provisions Are Dull, but Steady
Trade starts Out slowly, owing
20 Warm Reports,
but Quickens Later.

CHICAGO, March 1S.-Bad wheat crop
news was the. leading factor in the recov-
cry OF stT Tssthe IN tn Tb SH wssm PIT we el ! yf in-
o ooenGS but wheat lent on its strength
higher, May corn a shade under and May
oats &c down Provisions closed unchanged
Trade in wheat, as in other grains.
started out slowly. Warmer weather in
the winter wheat country and still more
weather influence. At the opening there
was plenty of wheat for sale, partly as a
covered freely and there were several fair
reactions. Then bullish news began to ar
rive. Bradstreet's report Indicated a de-
available supply. This helped prices, as
did the receipt of the worst crop damage
complaints yet received from Kansas. and
Oklahoma. 1t was reported hat Manitoba
wheat was arriving freely at Duluth and
this proved a bearish influence. on the
which a weak ago were &c under May op-
lions, were today only nc under. h
curtailed as compared to last years ig-
ures. On the whole the yearly May wheat
prices were under yesterdays closing
lower to a shade higher at FqsS74tssc. eased
there been a air volume of outside bust
ness tho market might have shown con-
siderable %strensth. 81 Louis was a de-
DIEcoAAb lalNOA aAAAa NA0 0dNA hA1O RAC-
vented better prices. May closed firm, No
&c higher at bc. Receipts, SO cars, 1 con-
tract. Minneapolis and Dulut reported $50
against S7S last week and 51s a year ago.
Primary receipts were $4,000 bushels, COM
pared to $1,000 a year ago. Seaboard clear
ances equaled 1855 900 bushels
Early sentiment In corn was very bearish.
Cables were lower and the warmer weather
west worked against the demand Selling
was general and at times heavy, though
the market had numerous dull spots. There
were no important features and In the main
the market was poorly supported. Country
offerings were still small, but the recovery
attended the show Of strength IN wheat.
Nay opened hgEc to %g1Ao lower at elE9
sold to 62Ac. Offerings istill were sufficient
to supply all demand and May closed with
a slightly easy tone, a shade lower at 6hc.
There was a little furry in May oats
early. Traders had some selling orders to
execute and as the market declined numer-
Gus stop-loss orders were met, and before
vousness still is manifested by traders over
the May deal. Gossip has Il that the prom
'inent long holder has disposed OF his stuff
and has gone into July options. Both July
and huctuated with the other grains. May,
which sold as low as 43%c, recovered much,
but closed weak, sc down at A%c. Re-
Provisions were very dull and f~uctuated
narrowly. Bulls suffered a disappointment
over the action of the market, which In the
face of falling short of 1900 head In the
hog receipts under estimates, showed little
life. The market did not feel the effect of
the fluctuations in grains. May pork closed
2hc higher at H5.S7M May lard unchanged
at E ss,SS shd May TsSs, ribs "a &c t higher at g yyS.a,
30 cars; corn, 20 cars; oats, s. cars; hogs
The leading futures ranged as follows: