Omaha daily bee., 1902-06-22
COMMERCIAL AND FINANCIAL
Sunny Weather Prospect 0utwsighs Wheat
Strength and Prices Rsosds.
SUSTAINING FACTORS IN OTHER CEREALS
Corn and Oats show independent
Vim While Provision Values
Lock Down on Former
Maximum Record.

CHICAGO, June A-westher map arEu-
ment was the pivot on which grain specu-
lHtlon swung today. But 1t was fair weather
soaking rains, that Influenced wheat most
Of the week. In consequence wheat clipped
down. Corn and oats mad good arguments
or their own 10 sustain prices. therefore
when July wheat closed lu@&c lower July
corn gained sc and July oats stood &c
higher. Provisions gained much attention
because Of theiT strength and closed with
net gains Of ZlFQ nc.
brought a sharp decline in wheat at the
opening. Paris was a little higher and
there seemed 70 be some Confiction OF
opinion as 10 the real tendencies in that
market. England was having fair weather.
American helcs were given a respite from
rains and the promise was for clear
weather. or this news july 0pened ragged.
%pllsc down at 73lzQ 7Slsc and after some
small rallies dipped TO TSc. Traders who
mad been consistently bullish for a week
turned sellers. Commission houses nuui-
dated freely and many stop-iUss orders
were executed for bulls who came into the
market as buyers only yesterday. Septem-
Der was subjected to some SHARP selling.
but December was supported a little. Very
good s~eaboard ~clearances helped in a rally
late. but the close was weak. July on the
rally sold 10 L3esQl3Ac, but closed Ssd&c
down at 73l2Q 73Asc. Local receipts were =
Duluth reported "a cars, making a total for
the three points Of 2e cars, against go
mary, receipts were AZ. 900 bushels. against
447,Wc bushels last year. SeabOard clear
aAANS III NAtdl anu uOuE tIAhleQ t4IFtN
bushels. The seaboard reported 8 loads
taken for export Locally 100000 bushels
Corn ended its weeks work in a tagging
manner After the excitement OF the hrst
OF the week today's quiet seemed abnormal
The tone, however, made UP somewhat for
bearish weather conditions and the wheat
slump corn held firmly. There was con-
everything was well taken. Deferred op-
tons were also in good demand and were
the floor was TO the effect that the farmers
were inclined to run their corn through
hogs beca use Of the telnptingly high price
OF provisions, rather than 10 ship in the
stun. July still seems ~conEested. This
option today sold between 66C and GL1c and
closed hrm. &c up at 657sc. Receipts have
stun is very small. Today III cars ar
rived. Of which only "A were contract.
oats ruled pretty steady. There were
early dips on the wheat dip and the better
weather, but the brisknes OF the cash de-
mand and the hrmness of corn Influenced a
change Of sentiment and a slight advance.
Proht-tak1ng during the week induced to
some extent by an Improvement in receipts,
held prices down somewhat. Today the
crowd was bullish, though quiet, and July.
which sold as low as Ss1zc. closed firm, &c
up at 4O1sc. Receipts were 200 cars.
Provisions, while only fairly active, at
tracted considerable attention from the
fact that top prices for the year again
ruled In the pit. With the bullish tone of
the corn pit, a stronger hog market and
with packers buying all product offered,
very EpuQ advances were registered. Trad
ers say the pit has reached a point where
IL Is almost impossible 10 secure stun with
out bidding considerably over the market.
July pork sold at SIS and closed strong, sc
up at S17.s%2. September pork closed at
$3.50, July lard solo at S10.55 and closed &C
higher at H0.50. July ribs touched $40 20 and
closed 2l2c up at Sll.77h.
Estimated receipts for Monday: Wheat.
. cars; corn, 1870 cars; oats, 100 cars; hogs
5000 head. Hogs for the week. is, 900 head.
The reading futures ranged as follows:
Articles. Open High. Low. Close. Yes'y.