Omaha daily bee., 1902-08-26
COMMERCIAL AND FINANCIAL
Erratic Vivacity Prevalent in Corn, While
Other Grains Are Lsnguid.
PRICES IN ALL LINES QUIT ADVANCED
Lethargy Marks wheat and Oats, but
Sympathetic Gains Are Made
Near the CIOse-PrOvIs-
ions Rule Strong.

CHICAGO, Aug. 25.-Corn led all other
grains In the point OF activity and price
advances today. Other markets were in
clined toward dullness and at times almost
20 one was IN the pits. Congestion IN
September corn, with big decreases In local
the bullish factors. After an idle hour
the other grains advanced in sympathy
W, September wheat. %@%c higher and
September oats NC advanced. Provisions
closed 2hc to 12hc higher.
Corn was very erratic. The opening in
dicated a possibly bad slump on the offer
Ing of a small quantity OF September, and
ever, were strong, the outside markets,
especially st. Louis, were higher on re-
prominent elevator interests. The market
gained strength rapidly on the continued
small receipts and poor grading. only to
the longs wanted to take a little profit.
Stocks of corn here have decreased rapidly
we're only 2%,6o5'OOC bushels on hand. The
general gossip was that II any Of the big
shorts sb;s sta 5tscs. to wo eoysr thhSenIr lines VIZ h
following such a condition the market
%nervousiy responded to every bid on sale.
dipped to S7Sc, advanced a. to O't ssx C 0I Iostt
nearly Iy &C. but rallied briskly and closed
IS cars, s OF contract grade.
Wheat was only fairly active at odd mo-
ments. Cables were lower and the weather
northwest was favorable. The crowd was
inclined to be governed almost entirely by
conditions in the spring harvest, but the
very poor grading prevented them from
and was taken freely whenever offered.
There was no good advance, however, until
corn showed good strength and the cash
demand was much improved. Later the
northwest bought, and on seaboard clear
enees prices made. good gains. Outside
markets showed a better tone, the south
west had a good sample trade, and Duluth
sold for export. September started no
lower to Nc up at uhc to 71hc, and after
selling at 72hc, closed strong and %6Jkc
higher at 72$Q72hc. Local receipts were
26I cars, only 2 of contract grade. Minne-
apolis and Duluth reported 400 cars, maxi
ing a total for the three points of 673 cars.
against 6i last week and 975. a year ago.
Worlds shipments were bulllshly smaller
than expected at $3.50, 900 bushels, against
S,I48,OOO bushels last year. The visible sup
ply Increased 405, 900 bushels. Primary re-
ceipts were 1902, 600 bushels, against i,5ee.-
900 bushels last year. Seaboard cIearances
IN wheat and flour equaled $4,000 bushels,
bushels.
Oats were weak early in the day on fair
selling. Trade was dull, but when corn
advanced the bullish factor OF every light
grading had its effect and prices advanced.
The outside did some buying. Crop pros
Rseets were good. September sold from
stronger and NC up at 3S%c. Receipts were
2s6 cars, only 8 Of contract grade.
PROVISIONS were fairly active and strong.
Higher prices, for hogs on a very small
were the bullish factors. Toward the close
the proht-taking brought a slight din. hut
september pork closed 121kc up at Si6.92K.
September lard PIC higher at $lO.s7h n
Estimated receipts for tomorrow: Wheat.
1900 head. ~
The leading futures ranged as follows: