Omaha daily bee., 1902-06-30
COMMERCIAL AND FINANCIAL
Wet Weather is Controlling Factor in Bull
ish Market.
CORN TOUCHES S~EvENTY-ctNT MARI
Oats Also Reach Record Price I'm
strong Pit, while wheat Opens
Higher, but Eases on,
Though Closing Up.

CHICAGO, June 2s.-Wet weather again
caused fair upturns in grains today, but
the absence OF any liberal outside business
and cleaning up trades over Sunday re-
stricted gains to some extent. September
wheat closed &c higher; July corn ic
higher. September corn, &q12c up; July
oats 1d1ihC higher and September oats =
Q1zc higher; provisions closed unchanged
September wheat opened Aqasc higher
at 72SsWi2Rc and sold TO i2Ssc early.
Throughout the southwest copious rains
had fallen again to damage the harvests.
Paris quotations were as much as lac
higher, Influenced by unfavorable weather.
There was a little early commission house
business. and a fair export demand devel-
oped. The feature of the day was in the
opening call for December option. A bear
tsh sentiment overcast the pit however,
for some time and worked against higher
prices. Reports came that most of the
wheat had been cut in the country where
rains were falling. Many of the local
crowd took profits rather than to wait
over Sunday and stand the possibilities of
slapped and July eased to 72&c. closing
nrm &c up at 723sc. Local receipts were
and Duluth reported Ss cars, making a
total of A7 cars for the three points,
against 29S last week and 347 a year ago.
pared to $1,000 last year. Seaboard clear
ances in wheat and flour equalled $4,000
bushels.
Corn still showed marked strength on
the demand by shorts. Wet weather was
reported generally in the corn belt, but
WhbANa9 O. hfAB'A ~ u liz NlOD6
elsewhere. Advices from many sections
stated that the main root of the plant was
fotted of. At the opening prices were very
strong. Shorts bid July %dlikc higher at
eeQ70c-the latter the new record price for
the crop. Offerings for profits at top fig
ures at once brought a slump to 691kc, but
the. constant bad reports from crops, es-
Pecially from Iowa, pushed prices up again.
Receipts we're a little larger at 233 cars,
but little attention was paid to statistics.
The weather and the short bidding ruled
the market September and December ad-
these two options brought partial declines.
4 July closed strong, 1c up, at 697sc; Sep
Y TENDER sold at 6l3sc and closed urn $40
hc higher al 6lhc.
oats continued their upward course again
today. The wet weather was reported as
hurting this cereal worst of all. No. 3
white, cash, sold as high as 54c., and there
spite of the good demand The same good
buying that has been In force for a week
was in evidence again. Selling was only
by locals for profits. The general senti-
Shorts covered freely at the start and July
I reached the top figure of the option again,
&c. Dips followed the liquidation, which,
taken and July, after selling at 46c.. closed
strong, l1bc up, at 465sc. September sold
between 331zc and 34c and closed firm 2s0
hc up. at 3S%Q3SAc. Receipts were 209
cars.
Provisions were very dull. Offerings were
uJcarce, but there was little disposition on
fthe part of the packers to shove prices up.
small advances, which, however, were not
all held; September pork closed unchanged
at SlS.47h, September lard 21ac higher at
$l0.55h and September ribs unchanged at
Estimated receipts for Monday: Wheat.
30 cars; corn, 800 cars; oats, 245 cars; hogs,
B4,OW head; hogs for the week, 1870, 900 head.
The leading futures ranged as follows: