Omaha daily bee., 1902-09-21
COMMERCIAL AND FINANCIAL
Manipulation in the September Wheat
Option Advances the Price.
OTHER FUTURES GO UP IN SYMPATHY
Rains I'm Nebraska Make the Market
for Corn strons-Oats and Pro-
visions Are Also some
what Firmer.

CHICAGO. Sept. 0.-Manipulation aided
by. rains worked for advances In grains
Acorners. and fictitious prices the shorts in
keptember wheat became frightened and
Rmmodities felt the influence Of a heavy
NReat demand and In sympathy advanced.
~ prices were attractive to some hold
er1and there we're recessions from top hs-
uret but I'm the end the close was strong
WITH September wheat lac higher, Decem-
Der wheat hc up. September corn, kc up,
December corn &c higher. September oats
&C higher and December oats unchanged.
Provisions closed 21k04Oc higher.
In contrast with recent business in wheat
the opening showed strength about which
there was no doubt. Whereas advances Of
late have been hating, today the sentt-
ment was strongly bullish from the start.
Tine cash market In the northwest was adj
yanced, with Duluth Offering Nc for cancel
shipments. Elevator stocks everywhere
were small, there was a premium for cash
grain and an excellent export business was
developing. Added to this were the rains
northwest and predictions OF more to fol-
low to retard the spring movement that
has only just got under way. offerings
were scarce and small purchases had a tell
ing effect on prices.
Monday was expected to be decreased, al
though shipments were fairly bullish and
cables were easy. Until local bullish news
improved them, shorts were frightened
into covering September heavily in the
opening half hour. Six commission houses
Jointly took In 10000 bushels. New York
vas taking September freely. Grading was
poor. Business was broad and active all
session., but some stuff came ont at top
prices. Even the elevator which is con-
coded the railing hand in shipping affairs,
let go fair quantities. In order not to let
unchanged to &c a W. at 7sl S74Re, i TPpe
to i5hc. slipped back to 70c and closed
strong, lac, higher, at 75sc. December
opening lsQhc up at SOL d69asc, advancing
TO 69Ac ami closing firm, Ic higher. at
$3.50.
local receipts were 200 cars, only 8 of
contract grade; Minneapolis and Duluth
reported 926 cars, making a total for the
and 1,422 last year. Seaboard ~clearancef
IN wheat and flour equaled $4,000 bushels,
Primary receipts were l,Ss1,O0O bushels,
compared with 1,1l6,O 900 bushels last year.
Corn trade was active only In a measure
hdmihS Whlch Would reiard moVement actec
activity in wheat. There was fair covering
at times In September of big receipts-l4'
After the early upturn there was some
realizing, which took off much of the gains
Der made the best gain, closing nc higher
az PIC September a%I waS &c up at 5SAc
Unfavorab,e weather, small receipts anG
poor grading, together with a fair de-
somewhat hrmer today. Offerings In Sep,
; TENDER were small and fair advances re
suited. After some buying In December
and May by commission houses the trad,
turned dull and prices held only slightly
better, September closed Sc up at S2]lc
were 1870 cars. "A Of contract grade.
Provisions were quiet, but showed marked
strength. Small receipts of hogs and stead,
prices were the incentive. Floor traders
and brokers bou yht fairly at times ant
covering In October products brought
sharp rally from the slump early In tn,
week. October pork closed 40c higher a
$l665, January pork &c higher at sizes, Oc
tober lard zoe higher at So. IS, January Iart
2hc advanced at $3.50, October. ribs 22a,
T9.
Estimated receipts for Monday: Wheat
20 cars; corn, $40 cars; oats, 1870 cars; hogs
1900 head.
The leading futures ranged as follows: