Omaha daily bee., 1902-09-25
COMMERCIAL AND FINANCIAL
Weakness Prevails in Wheat on the Chicago
Board.
SEPTEMBER WHEAT IS UNCHANGED
Corn Closes Just a Trihe Higher, De-
cember oats a Fraction Up and
January Provisions Several
Cents that way.

CHICAGO, Sept. 24.-wealness prevailed
In wheat on the Board OF Trade today and
when Il was found that manipulation IN
September was apparently at a standstill
more attention was paid to natural In
lhuences, which had "A downward tendency.
lSeptember wheat closed unchanged, while
tDecember was nc lower. Corn closed
higher, with September up lc and December
3su1gc better. December oats were sc
higher and January provisions closed from
12lzc to 15c higher.
/ The general Impression in the wheat mar
lket was that the September shorts had all
icoveTed and the market early was weak
Later in the session there was talk of "A
large shipping business at Duluth, which,
combined with the strength in corn, brought
Hhat have been active in buying September
lweree good buyers today of December
lstuff, The principal factors were fine
TWeather in the northwest with liberal re-
lceipts in that section, and selling by north
lwest. An estimate on the Russian whea I
tcrop of 5lOOOO,cOO bu., the largest on record,
unchanged to l4c lower at 79& dS0c, sold
down TO 7Sc, rallied to s2lzc and closed un-
bChanged at soc. December opened a shade
Ito hg9sc lower at 699sc to 691sq6e7sc, ranged
between sc and 69lzq699sc closing nc lower
fat 69hq69hc. Primary receipts were L659,000
bu., compared with l,3l3OOO bu. year ago.
Clearances OF wheat and flour were equal
no 69l, 600 bu. Minneapolis and Duluth re-
ported receipts of S41 cars, which, with
local receipts of 1873 cars, none contract,
made a total for the three points of $50
cars, against 951 last week and 769 year
hBO.
| After slight decline early in the day,
corn was strong in spite of the weakness
IN wheat. Free selling by leading com
omission house was the cause for the early
weakness. Excessive rains through the
corn belt together with light receipts, were
hhe main bull influences. There was a good
demand FROM leading longs, while shorts
lowered freely The opinion seems to be
gaining ground that shorts in both Septem-
Der and December will have considera BILE
trouble in getting contract stuff to fill
orders September opened Ad1zc lower at
6O3sd61c, sold up to epic and closed 1c
higher at 62hc. December opened un-
changed TO nc lower at 447bg45hc, advanced
TO &c, closing 3sfD5kc higher at 4511d45hsc.
local receipts were 2SS cars, 70 contract
: There was O. strong undertone in oats
although trading was light. A good demand
from shorts, with but small offerings, was
the strengthening factor. Wet weather and
light receipts also added to the strength
December opened unchanged at 80A. sold
up to ,3l%c, reacted slightly closing %c
higher at 31hc. Local receipts were 127 cars
q Provisions ruled firm and for the most
part of the day prices were higher all
'sround. Commission houses bought Janu-
,ary pork, while packers were the sellers
January pork closed 15c higher at Sl535
after selling between S15.15 and $3.50. Janu-
'ary lard was l5c higher at SS77k, while ribs
closed 121ac higher at $S. So.
Estimated receipts for tomorrow: Wheat
l13O cars corn, go cars; oats, 145 cars; hogs
q, 900 head.
The leading futures ranged as follows: