Omaha daily bee., 1902-06-23
COMMERCIAL AND FINANCIAL
Sunny Weather Prospect 0utweighs Wheat
Strength and Prices Recsde.
SUSTAINING FACTORS IN OTHER CEREALS
Corn and Oats Show Independent
Vim While Provision values
Look Down on Former
Maximum Record.

CHICAGO, June 21.-westher map argu-
ment was the pivot on which grain specu-
lation swung today. But 1t was fair weather
soaking rains. that Influenced wheat most
OF the week. In consequence wheat clipped
Of their own to sustain prices, therefore
when July wheat closed ibqAc lower July
corn gained sac and July oats stood 14c
higher. Provisions gained much attention
because of their strength and closed with
net gains of 2Hq7Rc.
brought a sharp decline in wheat at the
opening. Paris was a little higher and
there seemed to be some conniction of
market. England was having fair weather.
American fields were given a respite from
rains and the promise was for clear
weather. On this news July opened ragged,
%ql8c down at 7SRql3lsc and after some
had been consistently bullish for a week
turned sellers. Commission houses liqui-
dated freely and many stop-loss. orders
market as buyers only yesterday. Septem-
Der was subjected to some sharp selling,
good seaboard .~clearances helped in a rally
late, but the close was weak. July on the
rally sold to 7ssq7sNc, but closed SqAc
cars, I of contract grade; Minneapolis and
Duluth reported ga cars, making a total for
last year week and 3SS a year ago. Pri-
mary receipts were 423, 900 bushels, against
447,O 900 bushels last year. Seaboard clear
ances In wheat and flour eQualed $4,000
bushels. The seaboard reported 5 loads
taken for export. Locally 100000 bushels
Corn ended its weeks work in a tagging
manner. After the excitement of the first
of the week today's quiet seemed abnormal.
The tone, however, made up somewhat for
the narrowness Of trade. In spite of the
bearish weather, conditions and the wheat
slump corn held firmly. There was con-
siderable selling at times in July. but
everything was we'll taken. Deferred OPP
lions were also in good demand and were
| we'll taken whenever offered, GOSSIP on
the floor was to the effect that the farmers
were Inclined to run their corn through
of provisions, rather than to ship in the
stun July still seems congested. This
option today sold between 66c and 65hc and
Improved a little of late but the contract
stun is very small. Today 27 cars ar
early dips on the wheat dip and the better
weather, but the briskness of the cash de-
change of sentiment and a slight advance.
Proft-taking during the week induced to
some extent by an Improvement In receipts,
crowd was bullish, though quiet, and July,
which sold as low as S91ac, closed firm, nc
Provisions, while. only fairly active, at
fact that top prices for the year again
ruled in the pit. With the bulllsh tone OF
with packers buying all product offered,
ers say the pit has reached a point where
II is almost impossible to secure stuff with
out bidding considerably over the market.
July pork sold at SIS and closed strong, &c
up at $l7.921A;- September pork closed at
S1S2O July lard sold at Slo.55 and closed &c
higher at 5000, July ribs touched 5000 and
Estimated receipts for Monday: Wheat
e cars; corn 1870 cars; oats, 1870 cars; hogs
The leading futures ranged as follows:
- rran - -,