Omaha daily bee., 1902-03-10
COMMERCIAL AND FINANCIAL
Market is Strong and Higher on May
Grains.
DAMAGE REPORTS INSPIRE TO ACTIVITY
Everything FRvOrs Improvement In
wheat, while Corn opens Firm
and Continues with Good
Tone Entire Day.

CHICAGO. March s.-Crop damage re-
ports met favorable conditions for a re-
vival of strength and activity in wheat
theucaiIy. May wheat closed lsc higher.
May corn hgMc up and May oats sc
higher. Provisions closed unchanged to
Nearly everything fnvors an improve
ment In wheat. Liverpool cables were not
as favorable as expected, but Paris had
gained &c since Monday, and this in con-
nection with the improved situation In all
foreign markets was bullish in effect. For
a time at the opening there was some little
selling on the English situation, but in a
short time a steady advance began on the
strong the rest Of the day. There was no
news OF moisture in the southwestern
came In constantly. The hour situation In
the northwest was said to be Improving
and with it the cash wheat business.
Shorts were FESTIVE and in view of the
forthcoming government report Monday,
which is expected to be bullish, and of the
usual Saturday evening up. The prominent
local bulls also came into the market and
bulls placed numerous orders.
Buying was better than In some time.
The heretofore tendency to sell was
notably absent. Indications point to a de-
crease in the visible supply of about 1000,
900 bushels. On the whole the wheat mar
ket presented a better appearance than for
several weeks. May starred nc lower at
Tq77hc, was bulled to 7sc, eased on liqui.
T7%c. Receipts were 10 cars, none con-
tract. Minneapolis and Duluth received s1S
against $50 last week and "a a year ago.
Primary receipts were 437, 900 bushels, COM
pared to $50, 600 bushels last year. Seaboard
clearances equaled 234 600 bushels. Aus
tralian shipments for the week were 1896, 0O
bushels, against 392, 900 bushels the CORE
spending week a year ago..
Corn opened firm and ruled with a good
tone throughout the day. Gables were
firmer and receipts continued very light,
The southwestern markets were sending
out bullish advices and the bull movement
in wheat gave some upward impetus to
wheat, though the market was not as
broad. Selling was restricted, partly on the
fear of a bullish government report. This
same sentiment also checked other trading
to some extent and most traders were
satisfied to even up and wait. May opened
to 621sc, but closed only barely firm, hqAC
up at 62Ac. Receipts, SO cars.
Oats ruled firm and higher with the
other grains, but business was restricted
to s~calping There was not as much ner-
vousness in May options today, though
was, however, an immediate reaction, Of
ferings were well taken and May sold uI
to 44%c, closing firm, &c higher at Also
Provisions opened lower on lower hogs
Fair purchases brought a reaction. but
market. The grain strength prevented any
marked decline and the close was steady
in lard and ribs and easy In pork. Locals
took most of the offerings. May pork
closed 10c lower at $3.50, May lard a shade
lower at ss4Cg9 ~ and May ribs un-
Estimated receipts for Monday: Wheat
80 cars; corn, 100 cars; oats, lis cars; hogs
5000 head.
The leading futures ranged as follows;