Omaha daily bee., 1902-05-02
COMMERCIAL AND FINANCIAL
Bulls Gain Easy Victory in Wheat and Dat
Pits.
PACKERS LEAD PROVISIONS TO GAINS
Corn Inclined to sag, but BuOyed Up
by other Cereals Makes slight
Cain, while wheat Jumps
- Nearly Two Cents.

CHICAGO, May 1.-Heavy wheat exports
bulled grains today IN the face OF good
weather and good deliveries of May OPP
tions. Corn was inclined to sag on on ia
yorable. crop reports, but wheat helped II
ympathet 1y I'm f co sno W. nm s az
July oats 1c advanced. Provisions recov-
cred from a weak position and closed lO9
Wheat rated uniformly strong through
out the session. The news Of rains In the
northwest and the southwest and lower
when IL was seen that May deliveries
amounting to 100000 blu. were readily taken
was a good cash demand prices began to
advance steadily. Minneapolis was very
strong on the fact that 10000 0 blu. Of May
hands of mlllers. Prices there advanced &c
and impaired much strength TO the Chi
cago market. Seaboard clearances were
very heavy at 1,1l2,O0 bu. and gave an
added stimulus. Country offerings were
still small and there was no selling pres
sure after the advance began. France took
six more loads, making IL loads this week.
All these bullish factors taken In consid-
GRAFTON with damage reports from Kansas
and 100000 blu. cash stuff sold here, pushed
July to TIC, after an opening hc lower to
unchanged at 751sd75%c. Some long lines
were li9uidated for profits, but the market
.1kq1$c up, at 76hG77c. Local receipts were
80 cars, none of contract grade. Minneap-
oils and Duluth reported 28 cars, making a
against 1873 last week and 31 a year ago.
Urinary receipts were 284,OUO bu., against
$4,000 blu. a year ago.
Corn dragged most of the day under the
depressing Influence of lower cables and
cgxcellent crop reports. There was some in
clination to sell, but wheat and oats
strength supported the pit. Deliveries were
about 100000 bu. and were taken In by
the leading bull houses. Otherwise the big
interest was not in the market. On the
advance some buying resulted, but the
close was only barely firm, hc UP, at 6S1sm
63&c. Receipts were 125 cars.
There was good action and some excite
leading May bull took all the 600. 900 or 7OO,-
900 Blu. deliveries for cash. There was a
fair outside demand through the commits
sion houses and prices advanced easily.
The May situation Is again worrying the
shorts. inasmuch as they do not know how
whether they will have to deliver. July
closed strong, lie up, at 37kc. Receipts
were 157 cars.
Provisions we're supposed to have been
manipulated again today by packers. The
opening was depressed on the lower prices
for hogs at the yards. Deliveries. how
ever, were very small, only 1000 barrels of
pork and nothing of lard or ribs. There
was an early selling rush on the fear of a
'demoralized stock yards market as a re-
the packing interests. Offerings were soon
scarce, packers bought heavily through
brokers and prices jumped upward. Many
or the usual long lines have been sold out
In the last few days: July pork sold early
at $3.50 and closed 171kc up at SIG 9TIL: July
lard closed 1Oq121sc higher at SOLO and
July ribs lOc higher at $3.50.
receipts for tomorrow: Wheat.
81 gu cars; corn, 25 cars; oats, 21O cars; hogs,
5000 head.
The leading futures nj as follows: