Omaha daily bee., 1902-02-20
COMMERCIAL AND FINANCIAL
Grains jog AlsnE Owing TO BssriIh S'lti'
usnt in the Market
cesN CLOSES LOWER AND WHEAT NERVOUS
Oats and Provisions Are Also Affected
~ the Depressing Influences
and Close Mt Lower
10. Figures.

T CHICAGO, Feb. 1e.-Grains logged along
In q dull rut today. Bearishness was the
uppermost characteristic, but SO narrow
was the range that May wheat closed only
hc lower, May corn a shade down and
May oats Ac. lower. Provisions closed 6g
Early trade in wheat was small and ner-
vous, with tendency toward lower prices.
Gables we're over ,d Eiov vir news w meas w Tas
good. This induced some short selling and
sent. prices down a trihe. Northwestern
that section of the country indicated q bet
ter spring movement. Inc seapoard was
bidding, but at prices ic lower; Dull aeMs
to H9%c lower at 7Sh@7SAc and fiddled
around for over an hour with hardly a
change. Weakness In coarse grains helped
touched 7%c. There had been some selling
for longs by the southwest and commission
count For a time It looked as IL the mar
ket could be manipulated easily, but when
New York worked a far bus business sSerf 9n ea I9S
came in and bought. Most of the loss was
regained and May closed steady, 1c down
ness throughout the session. which, how
over, had little strengthening effect, when
the reports had II that much OF the winter
under snow was unprotected. San Fran
{, cisco also reported q fair continental de-
reipts were 81 cars, none Of contract grade.
Minneapolis and Duluth reported 24 cars,
making a total for the three, points OF 216,
against PSI last year. This day last week
was a holiday. Primary receipts were 49,
900 bushels, compared to $4,000 last year.
6eaboard clearances In wheat and flour
equaled 10000 bushels. The seaboard re-
ported II loads taken for export.
A bearish sentiment carried over from
yesterday depressed corn at the opening.
Commission houses sold some of the SOUTH
west. There was no Improvement In the
cash situation and a general bearfsh ten
dency prevailed. Prices hung somewhat
under last nights close. One large profess
sional bought in to some extent and buoyed
the market for a time, but when he threw
over his purchases the crowd went short
and May broke to 60Ac. The general situa-
tion was almost unchanged. Clearances
light. Colder weather was predicted In the
Feeding country and the freer movement
expected west showed no signs of beginning
at once. There were several little spurts
of activity in corn and near the close the
brought a Nteady condition and May closed
only a shade under at 6lhc. Receipts were
81 cars.
Oats had little life and followed corn
closely. Prices fuctuated over a range. of
from yesterday. The steady tone at the
close was felt on the revival in corn. The
close was hc down at 4SSc. Receipts were
Provisions were quiet. but were depressed
by general selling, following the early
grain weakness. Hog receipts at the yards
were light and brought better prices, but
the sentiment was more bearish than for
weeks, May pork closed 12hc down at
SIS. nv. May lard 54T15c lower at $9.40d
b.42h and May ribs &c lower at $S.45.
Estimated receipts for tomorrow: Wheat,
% cars; corn, rs cars; oats, so cars; hogs,
10000 head.