Omaha daily bee., 1902-08-10
and FINANCIAL
Panic strikss PrOusisna and Market Il
Dsmonlizsd Most Of the Session.
CORN SHORTS SCRAMBLE TO COVER
After Early weakness Grain Crowd
believes Bottom Prices Reached
and Stampede 20 Cover
Strengthens Cereals.

the bulls in the provision pit today. The
downhtl course OF. all grains during the
ci;ns n a ssrD espec,sily t an PrseiRiSSus o Sss-
ers IN all the speculative pits. AS further
argument against the bulls. corn broke
for the provision crowd and an avalanche
Of atoploss selling orders wampe the
gins; Pork made the greatest sreSk1Soc-
the grain crowd came to the belief that
Ing on a t~remendoSs scale took tSoSn place. Corn ccTn
shorts Covered 6y the millions The bear
worked against a rally, but In the end
corn closed A6Ke up, september wheat a
Provisions closed 7n@15c lower.
Provisions were dSmorahzed Until late
pressure IN the shape Of iiauidstisoan' In r's Sen.
temher holdings and selling short OF jam
airy and May. Pork was the product raided
Everybody was offering stun. At times
January pork was offered zoe under the
reached at a decline OF about SOC. Lard
had been hrmest OF the products and turned
strong on support The hos market which
more stock to market next week. Corn,
f~uence In the provision selling, turned
firm. After the severe break there was a
TeACIlV0 TENDENCY ana the lays losses were
much less thar at one time seemed prob
able. September pork sold from 1885 down
to xl5.B and closed weak and 16c on at
closed al u4.So; September lard sold as low
as $10.6o, and closed 7hc down at $40. e7k:
snS's Closed i ishc o ~ az ,i 1872 '0'S0 70 w.
Corn was so weak early nat II caused
weakness In everything else on the floor.
d Atio S dsellinss i Ie d IL pns T fssSl;ss an or Aa e
frightened the few remaining bulls into
favorable and crop reports were bearish,
immediats Shipment AItosetheF, Il ap-
cline. however. soon brought prices to q
tie Efforts to last long. Covering had BEEN
F FSs ei Ia sn tS mNprRRl ad' s SIs s sSvts snsw n sSdE
IL July. covered s.IormousIy at big profits.
The crowd turned bullish. but the recent
4 to overcome 1S1 osas septemb Se which Tcs
Blumped to 60Nc, rallied to 5fEo, but closed
SHY. a p ss.os asmsr .l Sn1 AgEo sS e 3, sl* Es
closed easy and .B@kc OF at SSk@seHc.
Receipts were still rsmarkably small AZ
whsat made new records for low prices
for the crop. There was q temporary Arm
sSsins = hs sas SgHsnSIa but sSs 9 aFop T Ta corn IN s the
the supsequent depression in oats brought
m wsrs sa eePrsss sng ~ crop pFesgec.s SIN
Yields. both. for winter and spring wheat.
Stoplose orders were plenty, short selling
was free and there was only scanty cover
Ing late In the day OF more raIns pre-
heavy espseially s9uthwest; There vas
no business In London or Liverpool, but
the continent was weak. September
opened he up to unchanged at eskc to 68c.
at e7NQ6sc. December sold down at 6s5fo
ana closed vs. up at o6x06e5ic. Local re-
celpts were ~ cars, i Of contract grade;
Minneapolis and Duluth reported us ears,
making a total for the three pcints OF $50
ears, against 80 last week. and 41s a year
els. against 5000 bushels last year. Sea-
eoaTd cIearancss IN whea< and hovT equaled
Corn weakness brought a sssub In oats.
Trade was fair. but the crop reports were
t9S nearish to allow mych o. z rally when
strong, but LIQUIDATION In the near futures
caused dips Of tc. September sold from
Bic to SOC and closed weak and &c of at
soAe, Receipts were large at "a cars:
Estimated receipts for Monday. Wheat.
1900 head. -
The leading futures ranged a. follows.
A .kf-Ha.t - A 49,