Omaha daily bee., 1902-09-19
COMMERCIAL AND FINANCIAL
Bssrish Report on Corn Puts Down Prices
in the Grain Pits,
FIRST SCARE FAILS TO RUN IN SHORTS
Big Bear House Puts Out a Line of
september and December That
Helps TO Depress
Prices.

CHICAGO, Sept B.-Grain traders were
waiting for a sign today. BUSINESS was
less active than IL has been for many. days.
supporting orders were not in evidence
enough to hold up prices and with a bear
ism report on the corn crop put OUT Oy a
SIGNALS took advantage of the dullness 70
put a selling pressure on all markets; The
Triaes' paTtieulaTiy to corn, but depression
soon followed the selling. AT the close
december corn was zEgSsC ioMSer, dats ~
lower and December oats nc on. FRO
visions closed 2hc to 21zc down.
quiet markets. At the start reports OF
frosts and rain In much of the corn belt
with freezing temperatures IN Iowa ana
Nebraska, stIfened prices. The frost talk,
however, failed to hold up prices. a prom
lnent journal printed a report on the corn
situation, saying that the crop condition
had been lowered a little by the frosts, but
that practically all the big crop was made.
both September and December put some
force on the selling side, with a result that
prices broke in December. The local crowd
stop-loss orders the decline was aug
mented. September held fairly steady on
the poor condition Of arrivals. There was
an increase OF receipts, cables were lower
and estimated receipts for tomorrow were
LIBERAL AZ SSV cars rsnoe - t6si maTkeE eooS'
II was a pet theory that an, attempt was
made to sell a line, while the frost tax
helped UP prices. On the downturn houses
with country connections took some. of the
stun and a small rally resulted. December
dipped to 4S5Ec, and closed weak. hose on
at 1880. Receipts were $50 cars, a of con-
tract grade.
under the pressure. Corn was an influence
In bringing about an easier tone, but the
adverse weather for spring wheat move
ment, the lighter. northwestern receipts
than were expected and a fair export busi-
ness made the market stubborn: The mar
Reports had fine weather for seeding of
winter wheat. Cables were lower. Decem-
Der opened unchanged to &c up at 69c TO
69lAc, fell off to 6Sl1c and closed weaker, u
makc lower at 6Sn468Ac. local receipts
were PA cars, 10 Of contract grade; Mime
apolis and Duluth reported 61 cars, making
a total for the three points of $50 cars,
against 40 a week ago. This day last year
was q holiday, consequently no compart-
sons can be made with statistics. Seaboard
Clearances in wheat and flour equaled $50,
90 bushels. Primary receipts were L,2ll,OOO
There was an early drive against Sep
tember oats by elevators, which knocked
lc of the price, Receipts were only fair at
173 cars, Is OF contract grade. But private
houses put out 81 cars and sold against
them. The weather worked against the
grading OF new stun, but the corn break
was a bearish influence, Trade was small.
September sold from S3c to BIC and closed
weak, %c of at 32kc. December sold from
Slsc to a weak close, Hc down at SO4sc..
Provisions we're fairly active, especially
I'm October pork. Hogs started out weaker
and later held only, barely steady, and
were a depressing Influence. There was an
attempt TO cover OCTOBER pork, put some
support was put under that commodity.
Prices rallied we'll for a time, but renewed
selling resulted in final losses in every
thing. October pork closed &c off at SIG. 20,
January pork TIC lower at $l4. 97i7. Septem-
her lard l5c of at 5000. October lard 17hc
down at $3.50 and January lard TIC lower
at $S.47h. September ribs lost 22hc at
Sl0.72h, October ribs at S9O7h and January
ribs 2s at S7.S7lh.
Estimated receipts for tomorrow: Wheat,
225 cars, corn, $50 cars; oats, $50 cars; hogs,
II, 600 head.
The leading futures ranged as follows: