Omaha daily bee., 1902-08-30
COMMERCIAL AND FINANCIAL
Slight Advances Recorded in All Grains on
Bsarisb Prospects Of Frost
ALL GRAINS RULE FAIRLY STRONG
Likelihood Of OversoId september Op-
lions is BuIIish Incentive and Ce-
reals Close Up-rrOvisiOns
ID Quit Above and Below.

CHICAGO, Aug. 2s-Frost scared the
grain shorts today and as a result there
were faint advances all along the nne.
AS a matter OF fact there were no trosts
was reporting such good weather tnat
Spectators feared possible damage. a
further bull factor was the likelihood that
september options were oversold, especially
In oats. At the close of rather dull trading
September wheat was A41zs higher' sep
TENDER corn NC up and September oats &c
advanced. September provisions closed lOc
down to 271kc up.
Wheat ruled strong after a momentary
easiness at the opening. Cables were weak
on brilliant weather and Minneapolis re.
ported a decline of 1c IN spot. Grazing OF
new wheat receipts at MAJ point also wa
however, and the fears of freezing weather
brought a sharp upturn. Calgary Teporte9
the temperature az Szc, me IoSai ,eto ~
the day, for profits. Commission houses
bought fairly. The market appeared over
sold from the effects OF the bear movement
during the last few days of fair weather.
Corn strength had a stimulating eHect.
September started M4hc down to a shade
up at ss%c to zoe and ADVANCED to Osse;
taking to 701kc. The close was firm, M0
Hc up at 7O%c. Trading was not heavy.
focal receipts were 261 cars, none OF con-
tract grade. Minneapolis and Duluth re-
ported 1856 cars, making a total Tor the
three points OF e17 cars. against bI last
week, and 795 a year ago. Primary, re-
celpts were $4,000 bushels, compared to
iIa3O 600 bushels last year. Seaboard clear
ances in wheat and flour equaieq POW
bushels. The seaboaro reported eight ioaus
Corn felt the effects of the imaginary
frosts even more than wheat, although the
market was very irregular. At the start
q fairly heavy selling movement developed
and September broke from 56hc to bb1ec;
Lower cables, favorable crop reports ano
came fears that the cold weather woulo
sweep down on the green corn helds: shorts
wanted to e9Ser tS Sad R TaSs b 5umps som 1s1Shh
idle and fluctuations were rather narroW.
THE close for September was strong, %c
up TO 67hc. Receipts were 40 cars. si1
Oats shorts were scared badly at this
opening. Under the rule of the board Y
takes white oats Of certain weight TO ni
tically nothing of that grade. .Oats wert
reported badly damaged by rains IN III
inois and Iowa, and this, together with tn
cold weather talk, sent the shorts scramb'
ling for cover until September jumped from
33L to 34%c. Other months were alst
strong. Toward the close there was Z
fair realizing selling movement and prices
eased off a tribe. September closed strong
however. &c, up to 34hc. Receipts wer'
liberal at si cars. but the grading wa
miserable at 10 cars contract.
Provisions were manipulated for an up
turn, but only a measure OF success u
the packers. Hogs and corn started on
weak and the former slumped badly. II
counteract this influence brokers bough
freely and the whole list bad good .ad
vances.. Late there was a drive In lar
and p-ices fell on somewhat ~ an II
regular close. September pork closed 10
up at S17.O5; September lard, 10c lower, a
5000 and September ribs, Hhc higher, a
Estimated receipts for tomorrow: Wheat
240 cars: corn. 90 cars; oats, $50 cars; hogs
The leading futures ranged as follows: