Omaha daily bee., 1902-09-17
COMMERCIAL AND FINANCIAL
Warmer Weather Causes Depression in
Wheat and Corn Prices.
CLOSE is LOWER IN ALL THE PITS
Ions Holders Sell n Good Deal Of
stun and shorts Are Not Slow In
Putting out Another
Line.

CHICAGO. Sept. 16-Grain trade today
was Irregular. In the main conditions
were against prices. The hne WeatheI
brought about natural selling IN DOM CV tbn
bulges. Doubt over frost damage, now
ever, and the possibility that. the north,
west would use much OF It's wheat instead
of moving Il helped to retard losses.
The nearby options could not stand under
the selling as well as the later futures, ana
In the end September wheat closed &C
lower December wheat &c down, Septem-
Der corn &c off, December corn 4uSsc
lower. September oats %c on and Deem
closed IKE TO 17ik62Oc down.
Wheat started out weak on cables that
did not respond to yesterdays local ad-
vance and on the warm weather and pros
poets Of better northwestern receipts. Ihe
weather in particular was bearish. IN tnat
1t favored a good movement OF spring
Offerings, however, were light. Trade at
times was very dull. but long holders sold
q great deal Of stuff to scalpers, who In
turn dumped It on the bulges and weakened
the market still further. There was a
good cash demand; rains were preoIGtS1
were much curtailed from the receipts to-
day. This stopped selling In the later
deliveries, and to aid In the check came
the advice tina the northwest did not in
tend selling much stun here.
Trade was not large in the aggregate
and the late scattering purchases helped
matters. There was still some fear over
the results of the decision In the oats IN
Junction cases and long september Wneat
came out. September opened &c on at
53c, sold at 73Ac and closed weak, NC on. at
e25kc. December sold from 6SA to 6S9sc'
advanced to 69hc and closed easy, 1sc lower,
of ss7kc. Local receipts were 421 cars. Is
of contract grade; Minneapolis and Du-
luth reported 1850 cars, making a total
J.215 cars last week and 1,s41 a year ago.
Primary receipts were 1,8SS,OO bushels
against 2,O66,CCo bushels last year; Sea-
board ~clearances in wheat and flour
euualed $4,000 bushels. Bradstreets re-
ported the visible supply increased 2'l9S,OOO
bushels.
bullish feature of the corn market, re-
celpts were improved, weather was favora-
cables were Indifferent. The. government
crop report indicated damage In the north
ern part of the corn belt and rains were
predicted to hurt the, crop still, further.
Offerings were light until late in the
session, when there was a drive In sep
TENDER, which pressed prices down. In
spots the market showed activity and there
was occasional hard points. In the main,
however, II was a waiting market for ac-
points in Iowa reported as high as 50 per
cent damage, and Nebraska said % per
cent. September sold from 5SAc to a weak
from SIC to 43%a437sc and closed weak,
Ld%c of, at 43&G435c. Receipts were 4SC
cars. 1Os OF contract grade.
Trade in oats fell or to an almost I'm
perceptible volume. Price fluctuations were
very narrow and there was no conspicuous
buying or selling. hecelVlnS houses let &c
of some stun on the warmer weather and
September closed weak, NC OF, at S3lsc.
December sold between 3O7bc and Slbc and
closed weaker. hQh on, at sic. Receipts
were 299 cars.
Provisions were only fairly active al
times. Hogs ruled lower at the stock
yards and Influenced products bearishly
The outside made some sharp selling raids
at the prices. The result was a weak close
with January pork 17kG20c off at $15.0 90
January lard, 15G1715c down at Ss.50aS. 52h
and January ribs, 12hac lower at $7.871a.
m receipts for tomorrow: Wheat
1S5 cars; corn, 100 cars; oats, 10 cars; hogs
1900 head.