Omaha daily bee., 1902-04-13
COMMERCIAL AND FINANCIAL
Corn is King and Clearly Dominates All
Cereals.
BULLS HAVE GALA DAY IN GRAIN PITS
Provisions Also Ascend and Bears
Labor I'm vain to heel Decided
Spirit in whea,, Corn
and Oats.

CHICAGO, April 12.-Corn bulls had a
light rem on the grain markets today ana
easily sent prices soaring. Everything IN
the corn situation was publish and with
a good show OF strength in wheat trade
became active. Closing prices for May
wheat were Aahc higher; May corn ad-
vanced 13sc ana May oats nc up. Pro-
visions closed HaqlOc to l2l1c higher
Interest in corn easily outran all else
Of a speculative nature. The gradual ad-
vance OF the last week seemed TO have
been preparing the country Tor decisive
IN the markets had given 81.
Louis and Kansas City good argument Tor
an advancing market and today When the
cable list showed strength ana the south
west was still stronger and was Dldding
eagerly at the relatively cheaper, article
In this market, prices responded WITH
vigor. To ugment the growing bullsh
sentiment receipts were light. Inc early
easy feeling in wheat retarded an i'm
mediate buliish response in corn and May
5gA q5y5sc. Their came the report Of 1O0,-
at only nc under May and advices of re-
newed bulling in the southwest. Shorts
soon got scared and, although many Gov
mon belief among traders was that stocks
at st. Louis ana Kansas City, had peen
reduced to such an extent that these
places must supply their actual demands
In Chicago. Scarcity of offerings acceler-
ated the u~pturn-nearly all the bull crowd
keeping a tight grip on their hogs for tur-
Their profits. The market was nervous and
active at times, though, because of the
GisPositiITn aJ not sn, TO seli; vii, ffaq bro Mas ADVANCES dVS
and, though the day was short 1t was no
trouble to put &c on May. That option
1Ac up at b1kc. Receipts, 50 cars.
Wheat was inclined to rag carry because
OF precipitation In the winter ;irb 9eit 6ut Cq Mas
opened AqNc to 1sQAc lower at 29sqi312c.
Receipts received from the southwest,
proving with the recommendations, the
subsoil being so dry that such moisture as
peared without affordlng the necessary re-
lief to vegetation. The bullishly inclined
at once seized upon these reports ana,
with the remarkable strength in corn,
pushed prices up 1c from low mark. Ac-
ceptances abroad over night were moder-
showing good strength and shorts here
covered freely. An TINA that the WIN
ter crop would + be only thTee-f %nda Nv OF #
trustworthy authority, was given credence
by many and was a potent factor In the
upturn. May wheat advanced early to
1890, but dipped on proft-taking. The
close was at 70 C. Receipts, Is cars none
OF contract. grade; Minneapolis and Duluth
reported 1853 cars, a total for the three
points of 1856, against 252 last week and 275
a year ago. Primary receipts were 236,OOO
board clearances equaled $4,000 bushels.
seaboard reported twenty loads taken
oats dimly reflected the strength in corn.
Trade was only small, but there was a
fair demand, in sympathy with the gen
shorts, who had misgivings because of til .
corn advance. Bull traders still continued
to leave this option alone as much as pos
sible, but there was a fair demand for the
further deliveries and only a little for sale.
May sold between 4lAc and 42hc and
closed firm, ac higher at 42c. Receipts, 15S
cars.
A growing bullish situation in the hog
market started provisions higher again.
There were only 10000 hogs here today and
estimates for next week were decreasing.
Hog packing was reduced almost halr.
Grain QfFanRfh added IN the hIliqh infI.
ences and a strong close resulted. May
pork closed 12hc higher at SIG, 771s. May
ara. !h9IOc up. at s.. ~ IN, and May ribs
10c higher at $9.07M.
Estimated receipts Monday: Wheat, 50
cars; corn, s. cars; oats, las cars; hogs,
10000 head.
BY a ballot of 642 to 14s the members OF
the Board of Trade, today made the new
on contracts for July and further deliver
les after this date.
The leading futures ranged as follows: