Omaha daily bee., 1902-06-14
COMMERCIAL AND FINANCIAL
Flooded Fields in Conjunction with Other
Bullish Factors Boost Cereals.
WHEAT LEADS THE UPHILL PROCESSION
Corn Displays strength, Though Clos
tng Lower, while Oats Rule Firm
and Gain-PrOvisiOns Dull
and Quit els

CHICAGO. June 13.-wet weather threat
ened all grains today and put a bullish
prop under the speculative pits. Ripe
water, cornhelds were weedy and water
soaked and the water on the oats was
anything but beneficial. Trade was only
by the leading cereal; At the close July
wheat was kq%c. higher, July corn a
shade lower and July oats &c higher. Pro-
visions dragged DULY and closed un-
changed to 21hc higher. .
Rainy weather was chiefly the cause of
a very strong opening in wheat. Gables
were a little higher and closed firm on
poor weather abroad. At the start shorts
were very nervous over the bullish ar
they covered freely. There were other
bullish side issues, such as lower Argen-
first in a long time-but the main influence
was in the constant rains and threaten
ing weather in fields where wheat was
trail states, the harvesting In Oklahoma
and Kansas and even the spring wheat
fields OF the northwest received, copious
much water everywhere. July wheat
opened ha9sc to %ahc higher at 72%c to
7g5kc. st. Louis shorts were good buyers.
December was In good demand, the cash
business was good. France taking twenty
ure on the pit at any time. The Kansas
Mills association issued it's final report
mated the production at from 10000 900
bushels to 100000 bushels. Harvesting OF
soft red wheat there Is IN full swing,
trading consisted Of some profit taking.
July closed firm, hqSsc up at 72Ac. Local
Grade. Minneapolis and Duluth reported
points OF 245 cars. against 26O last week
we're 100000 bushels, compared to 1900
bushels last year. Seaboar1 "clearances in
cheat and -four equalied as Is1O0 bushels.
against $4,000 bushels last year.
We weather helped corn much, both in
dependently and through the wheat bulge,
Cultivation has been retarded by the
flooded fields. The market closed firm,
but without much activity. Strength in
wheat was sufficient to make. numerous
shorts cover. Country offerings were
small and receipts were only fair at 1923
cars. The pit crowd had in mind the prob
taking long trades. july early sold easily
at 6Si5c. but as the day advanced a lead
Quantity and the advance was lost. July
closed steady, a shade lower at. 63sd63hc.
Oats were very active and nervous.
hurried covering by shorts and the pit
ruled firm all day. Bullish influences were
too moist weather for the crops, expected
reductions in stock and a probable scar
city OF No. 8 white oats next month. The
demand for new July was specially brisk.
the session advanced commission houses
offered fair quantities, and the close was
Just firm, &c up at 400. Cash stuff was in
good demand.
Provisions were profoundly dull and un-
interesting. The hog market was firm, but
the constant manipulation of packers has
driven much of the trade from the pit.
There was little stun for sale and nothing
was wanted anywhere and prices were
put up slightly at the opening, but the
close was fiat. July pork closed unchanged
at $3.50, July lard unchanged at 5000 and
July ribs 211c up at $10.471a.
Estimated receipts for tomorrow: Wheat,
IS cars; corn, 800 cars; oats, 100 cars; hogs,
1900 head.