Omaha daily bee., 1902-08-16
COMMERCIAL AND FINANCIAL
Rains in Spring Wheat Incits Bull Nsnipu-
lators to shsvs Cereal Up.
OTHER GRAINS FOLLOW IN EARLY ASCENT
LiquidatioR at Top Prices brings RE-
oession, but Close sees heat
and Oats Advanced and
Corn Unchanged.

CHICAGO. Aug. 15.-Manipulation on the
weather started good bulges in grains to-
day and as a result September shorts were
slack and there was some congestion in
corn and oats. other conditions, however,
were against an gptnrn; After me msniPu-
from the same hands brought recessions.
In the end September wheat closed 1c up.
September corn unchanged and September
oats nc higher. Provisions closed Sc lower
20 Sc higher.
Wheat spurted partly on the fears Of
shorts and rains In the spring harvests.
Congestion in contract stocks was marked.
with one house practically in control. The
opening was somewhat wild, with every
body wanting stuff and offerings very light.
That manipulation was practically the en-
tire cause for the upturn seemed reason
able from the fact that the receipts
primary. local, northwest and southwest
were much heavier, that Argentine ship
nents we're increased, that Hungarian and
porters offered freely. with few takers.
Although September was the manipulated
month, December .prohted today. After
unloaded in September and unparalleled
their spreads by taking on December, Still
December held TO its discount Of over Sc.
September started k@kc 10 at ph470%c
and sold to 1hc. There was a dip TO 70&c,
but September closed firm, 1c up, at 7o5tc.
tract grade. and Minneapoiis and Duluth
reported l26 cars. making & total for the
three points OF ~ cars, against 29s last
we're lis. 900 buy.' against $4,000 last year.
Seaboard ~cleQrances IN wheat and flour
equaled 28s,0O0 bu. Argentine shipments
equaied $4,000 bu., against 5000 last week.
Corn was helped by the strength in
wheat. Trade was not especially active,
yet there was q good volume. The general
commission house demand was very good.
Small receipts, % cars, and rain helped
the bulls somewhat. Local shorts and the
southwest covered briskly for a time, espe-
cially in December. The longs, however,
FED the market and prices slumped on.
Cables wire lower. There was no con-
fair, but the crop prospects were still ex-
cellenf. September sold between 51hc and
SIC and closed steady, unchanged, at b1wc.
Rains and manipulation by bulls in Sep
ember options lifted oats prices with some
early shower reports. There was a good
demand for December by commission
houses, with shorts leading. Stun was
hard TO buy and the demand was brisk.
There was some late offering on the bulge,
but prices held we'll. September spurted
from S1%c TO 3sc and closed strong, INC up,
at 32Mc. Grading was retarded by the
rains. OF 272 cars received today only %
were OF contract grade.
Provisions were Irregular and dull. Hogs
were dull on liberal receipts. There was
some strength in distant options, but the
nearby futures we're ~liquidated again.
Some support came, and especially in pork.
September pork closed &c up at sic, Septem-
Der lard Sc on at f10.2b and September ribs
25kc down at $500.
Estimated receipts for tomorrow: Wheat.
800 ears; corn. AZ cars; oats. 200 cars; hogs.
1900 head.