Omaha daily bee., 1902-03-14
COMMERCIAL AND FINANCIAL
Variety Of Experiences in the Grain Pits at
Chicago,
WEAKNESS cHARAcTERzEs THE MARKETS
Little Decisive News I'm wheat, but
General Concession that Wheat
states Have Enough Rain
for this Present.

CHICAGO. March 13.-There was a va
riety Of experiences In the grain pits to-
day. Weakness characterized the market,
a good strength developed later, parlcu.
larry in the coarse grains, but In the END
in order and May wheat closed M41c lower,
May corn hQ1sc lower and May oats &c
higher. Provisions, after opening strong
closed a shade lower.
There was little decisive news in wheat.
Sace,nts wera ducressed enoueb 10 he bear
ish and Il was generally conceded that there
was rain enough for the wheat states for
the present. The weather was seasonable
and statistical journals gave decidedly
bearish advices. Under these influences
to 7sNo. Corn showed some strength and
helped wheat. back to its yesterdays clos
Ing position. mere seemed tor q ume 20
bull the market. but the covering which
advanced May ave way on heavy selling
was bolstering that aided the tone. Spring
wheat seeding has been started and there
a level for export advices from the east
say that foreign markets are prefer1ns
Manitoba wheat TO our exports. Earmers
felds and damage reports still came to
hand. The selling, however. depressed prices
vi Weak KAY WITH aSw NAY 70 M ss5fc i eNH 'H at $40
Receipts, 20 cars, one, Of contract grade, and
M%in tatsi }ns f fhe tSree points 5igRSrt of i SS cars cars,
against 265 last week and 294 a year ago:
Primary receipts were $4,000 bur compared
W NOlfNNN . NCDAH o. ~ " AoAACS9 10
wheat and flour equaled $4,000 blu. The
seaboard reported thirty loads taken for
export.
Corn made the best show of strength Of
any Of the pits. Prices were at a little
decline at the opening in sympathy with
wheat. Good support, however, developed
at once. markets were higher
and sent In buying orders. Cables were
slightly up, receipts were small, the In
terior movement was slow and reports had
It that there was a good feeding demand.
There was also a fair immediate shipping
demand. Prices soon broke away from the
depressing influence Of wheat and even
helped that cereal to some extent. May
corn early sold up to 62%c. Then came
the wheat break and liberal selling of
lost its hold and slid off TO 61%c, closing
at that figure, weak, being NC lower than
yesterdays close. Receipts were liz cars.
There was some small action In May oats
today and for a time It was thought the
expected furry was at hand. Prices of
started unchanged. The heavy long hold
ings in May still keep the shorts on tenter
hooks. When corn and wheat broke May
lost some of its gain, but other options
closed easy. May closed &c higher at 45l1c.
Receipts still continue small and were SO
cars.
Provisions ruled steady. The opening was
firm and higher on better prices for hogs
and there was a further advance on buying
of pork and some ribs. Broken supplied
the demand and the late grain weakness
took the strength out of the market. May
pork closed sc lower at $3.50, May lard
2hc down at $40 and May ribs a shade of
at &.4Od8.421h.
Estimated receipts tomorrow: Wheat. sc
cars; corn, 30 cars; oats. 70 cars; hogs
27.0O head.
The leading futures ranged as follows: