Omaha daily bee., 1902-06-07
COMMERCIAL AND FINANCIAL
BulliIh Factors Outweigh Depressing Ele-
ments and All Pits Ascend.
OATS EASILY PARAMOUNT CEREAL
strong and Active, While wheat
wavers, but quits Like Corn, Up
Provisions open weak, but
Later sharply.

CHICAGO, June 6.-Fears of a wet har.
vest in winter wheat, very small sales OF
corn by farmers, a sharp cash demand IN
oats and a call for pork to repack LOT GU
stun, stimulated buying In all the speeuls-
tive pits on the exchange today. TRADE
and severai crop reports had a dampenlng
effect on the spirit OF the bulls. IN tne emu,
however, July wheat gained hq@sc' July
corn &c, July oats sc. PROVISIONS cioseu
2hq5c to 1111d21c higher.
Wheat got u firm start from the appear.
ance Of the weather map. The southwest
had too much rain and the entire western
wheat and corn country reported copious
showers. This caused talk Of a wet har-
Gables were weak, following the decline
yesterday, but July opened a shade higher
TO unchanged at Tssc TO .112q 1ssc, ana
sold to ne. Shows report that the yield OF
both winter and spring crops would ap-
proXimate. f2o,OV,OW bushels-or only L2;OCv'-
was like a wet blanke Bears. sold, bulls
stopped buying for the time and July sunk
TO 7ilhc. Receipts were liberal, the, demand
was very poor, with prices shaded mere
and at Duluth. The outsider was not In the
pit. The wet weather talk however, WIN
1Armness in corn and oats helped wheat and
July reacted well after its dip, closing
firm. AG3sc up at lsc. Local receipts
were I cars, none of contract grade. Min
neapolis and Duluth reported 256 cars, max
ing a total for the three points OF ZoO cars,
against go last year P1dm mar reS Se5 ios
bushels last year. Seaboard clearances IN
wheat and -four equaled 2ss,OOo bushels.
AIkEnllnt EIllIlltiAE NtAt NVNtNNV 1870
against 1892, 600 bushels last week and 1,U5z,
900 bushels a year ago. Export demand was
The corn trade was good and bullish crop
reports stimulated good buying that
brought a strong tone. Early in the day
July was strong on uppor by the big bull
interests and September was weakened by
st. Louis selling. Later the latter option
came in for support and all prices ad-
. vanced. Country offerings continued light
Mariners Offering very Hight. The movement
n. supposed to be retarded to some extent
by the wet weather, although tomorrow
excellent support the market received on
set all bearish influences and July sold Ut
to SIC and closed Arm, NC up at 62&d62Bc
Receipts were 237 cars. Snow reported 80,
0O,OO 100 acres planted in corn this season
the present promise of the crop being en-
tirely satisfactory.
Again the oats were strongest of al
grains, General buying OF July new anc
option was specially active. Advances Of
almost lie were made easily. AS on the las
few days the good cash demand was th'
influence. Shorts, who thought selling Of
new crop was safe, covered freely on feart
of rain damage to the growing plants. Re
ceipts were again small at so cars. All tolC
the market was an active one and wa
strong all day, being Influenced. very LITTLE
by the other grains. July sold to $685.
and closed sc up at 39AC.
Provisions were rather quiet, but ad
weak on the weak hog situation. There wa
a fair demand for r~epacking pork anC
packers manipulated for higher prices. TIL,
close was firm. July pork sold at S17.5
2k@5c up at Stops and July ribs TIC higher
Estimated receipts for tomorrow: Wheat
LOG cars; corn. $50 cars; oats, lib cars; hogs
The reading futures ranged as follows: