Omaha daily bee., 1902-06-12
COMMERCIAL AND FINANCIAL
Government Crop Report Paramount Of the
Plentiful Bullish Factors.
GRAINS ADVANCE, BUT PROVISIONS DROP
Interest Centers In Wheat, which
Quits Up, but PaeLe Unload Hog
Products on shorts and
r-. values tumble.

CHICAGO, June u.-wheat pursued a
nig-zag and erratic course To-Day as a re-
nort. Prices were forced higher and corn,
aided by wet weather in some OF the corn
states and by a dint Of more muscle by tne
1.-THE proht-taking, but in the end July
wheat was Xdhc higher, July corn &c up
and July oats Nc higher. Provisions closed
q shade to S7hc lower.
Other speculative markets had to drop
back an mo g gni,, She tnsu PiSSs 'V %as at work.
Cables were higher, there was strength on
the renewal of wet weather In the central
tant was the government crop report. This
document placed the June condition. Of win
IA. when even 80 had been expected. The
surprise in the report was the claim that
the spring wheat area was reduced 2,Sll.We
condition was high at 1854, but the sum OF
the report indicated q total yield for the
HbS, 900, 900 bushels last year. This at. once
started covering and good buying. North
fTnessrIser Ree egSe5p' to be little effect on that
score early, Minneapolis eventually led the
bulge with sharp advances, There was an
largely on the buying side. France was
Ibidding for stun and the cable strength
lish French situation. July wheat opened
AQkc TO hQ$se up at 7l%qlhe and quickly
%0H9Stsd ,6 to IVES; h At s some P effect. the fid 1air
dalton for profits was in order and prices
tumbled back to n%e. Ultimately, how
the crop and July closed firm %q1Ac higher
Contract grade: Minneapolis and Duluth
reported lo cars making a total tor the
t HaeS a PSin 80 a OF ye sg S esGs' P eEa1nfS 4 reee ipss
were $1,000 bushels, against 56l,O 900 last
year. seaboard clearances in wheat and
hour equalled ais, 600 bushels. The seaboard
reported IL loads taken for export.
Corn showed good early strength when
was necessary, however, when Wheat
broke. Weather conditions favored better
prices, as did the smaller receipts. A good
preferred options. July was somewhat er.
Gatic and nervous and prices haggled bach
ter. There is sympathy of an improve
lment in the receipts. There was no men.
ton Of the corn crop in the government re,
OF cultivation. July sold between .ss%c ant
sic. Receipts were 1874 cars.
There was a slight dip in oats at tn,
, SsSEs On indi taS 9eS a eOnd hiGtiESrn on Sos r sRG !
probable yield OF 86,OOO,OoO bushels, Soon
hOTeyer, there here was q support IN the n.y
OF oats. The cash demand was good a
about 45c. a good buying movement set IL
huence, together with the other grail
strength, soon pushed July uD, and Their,
break. July closed firm, nc up at 1910
Receipts were 90 cars.
Part Of the looked for reaction after tn,
persistent manipulation Of provisions b,
packers. came today. After yesterdays re
markable advance of 37hc for July ribs tn,
inside crowd, led by the packers, unloadet
on the shorts and a break of 3Thc fol
lowed. Hogs were firm and helped in
temporary reaction, but prices again dippe,
and the close was weak. Commission
houses advise their clients that the stuf
Is TOP heavy, but at the same time the!
that SUITS their interests. July pork soil
at top figures again, reaching 81. 80, an,
9 shade down at s1o.S5 and July ribs 37h
down at $10.37m.
Estimated receipts for tomorrow: Wheat
q cars; corn, $50 cars; oats, 80 cars; hogs
1900 head.
The leading futures ranged as follows: