Omaha daily bee., 1902-03-09
COMMERCIAL AND FINANCIAL
KGrtst is Strong and Higher on Nay
Grains.
DAMAGE REPORTS INSPIRE TO ACTIVITY
E~verythfnE Fnvors ImproVement tz
wheat, an Corn Opens Firm
and Continues with Good
Tone Entire Day.

CHICAGO, March R-Crop damage re-
ports met favOrable conditions for a re-
Etval OF strength and activity IN wheat
thetcally. May wheat closed ~e higher.
pay corn 1HQAc up and May oats NC
higher. Provisions closed unchanged 10
Nearly everything favors an improve
ment IN wheat. Liverpool cables were not
gained &C since Monday. and THU in con-
nect1on with the Improved situation In all
foreign markets was bullish in effect For
a time at the opening there WIS some little
selling on the English situation. but in a
short time a STEADY advanoe began on the
strong the resi- Of the day. There was ne
news OF moisture In the southwestern
wheat fields and crop damage reports
the northwest was said TO be improving
and with IL the cash wheat business.
forthcoming government report Monday.
which II expected TO be buliiEh, and OF the
usual saturday evening up. The prominent
bulls placed numerous orders.
Buying was better than IN some time.
The heretofore tendency to sell was
notably absent. Indications point 10 a de-
crease IN the visible supply Of about l.O01,-
900 bushels. On the whole the wheat mar
several weeks. May started &C lower at
U4l11tc, was bulled to 7Sc, eased on hqui-
aation 70 7FAe and closed nrm NC up at
TAG Receipts were 13 cars, none con
tract Minneapolis and Duluth received gs
cars, a total for the three points of a22
against $50 last week and 4A q year ago.
Primary receipts were So, 600 bushelE, com
pared to 5000 bushels last year. Seaboard
clearances. equaled 2A.Wo bushels. Aus
trRliRn shipments for the Reek were 8as. 600
bushels. against $4,000 bushels the CORE
spending week q year ago.
Corn opened firm and ruled with q coed
tone throughout the ,day. Cables we're
hrmer and receipts continued very light.
The southwestern market were sending
out bullish advices and the bull movement
In wheat gave some upward impetus TO
corn. The crowd was fully as bulitsk as in
wheat. though the market was not as
fear of a bullish government report. This
same sentiment also checked other trading
TO some extent ana most traders were
satisfied TO even Up and wait. May opened
a shade 10 h@[o higher at 6ghQS2Lc. sold
10 6s11c, but closed only barely firm, AqAc
up at 62hc. Receipts. 90 cars.
Oats ruled firm and higher with the
other grains, but business Was restricted
10 scalping. There was not as much ner-
vousness In Map options today, though
some early selling eased that future. There
was. however, an immediate reaction, Of
fertngs were well taken and May sold UP
70 A4Ao, closing firm, hc higher at +sse
Receipts. So cars.
Provisions opened lower on lower hogs.
Fair purchases brought & reaction, but
market The grain strength prevented any
marked decline and the close was steady
IN lard and RIBS and easy in pork Locals
took most OF the offerings. May pork
closed 1Oc lower at S15.3o. May lard q shade
lower ct segs1h and May RIB un-
Estimated receipts for Monday: wheat.
30 cars; corn, los cars; oats, lis ears; hogs,
$500 head.
The leading futures ranged as follows.