Omaha daily bee., 1902-10-01
COMMERCIAL AND FINANCIAL
shsrtS in September Wheat Find Them
selves Very Badly squesssd.
COVER DEALS At TWENTY-FIVE CENTS
FURRY in Near option Has but Little
Influence on other Months
Prices Generally Tribe


CHICAGO, Sept. 8.-september wheat to-
day sold at the highest price recorded on
Letter deal in '9s, the price reaching 95c,
and but for the leniency of the longs the
all the available supply was practically in
the hands Of one or two traders. The close
showed a gain Of 51sc in September, while
corn closed b@kc higher, with oats down
Aqhc, January provisions closed from
The all-absorbing topic in trading wheat
today was the alleged corner in the Sep
TENDER delivery. All during the session
lected covering their contracts to boost
the price from s77sc to soc, but at this
figure there was a lull In proceedings, due
to rumors of injunctions similar to those
secured in the oats, corner recently;
AS the session advanced and nothing of
this, nature, materialized, shorts decided
further parleying was useless and there
was a grand rush to cover. The result
With Scarcely a sale at ntermedlate fg,,
ures. At 95c shorts were able TO secure
all the necessary stun ;bn t. satisfy sy coL their
from Armor q Co., who have been lead
ers in the bull movement.
The opening was bdSc higher at Sc
10 Sshc. After selling up to SOC there was
a reaction to Sl3sc. Then on renewed COW
ering the price advanced rapidly to 95c and
the close was at the top notch at a gain
of 7lsc over yesterdays close. Future de
liverles were ~listless and inclined to weak
sold down to 6Skc, but rallied slightly
toward the close, which was h0kc lower
at 6Slzd693sc. Outside of the September
trading the feature was the buying Of
May and selling OF December. Statistics
were against the market and as a result
Bradstreets reported an increase in the
worlds visible supply of 100000 bushels,
against an increase last year Of $4,000
bushels. Clearances of wheat and -four
were equal to 100000 bushels. Primary re-
ceipts were 1,S03,O0 bushels, against 1884,
900 bushels a year ago Minneapolis and
Duluth reported receipts or LOO cars,
which. with local receipts of S57 cars,
made total receipts for the three points OF
1,427 cars. against LAB cars last week and
Corn was traded In but moderately, but
there was a strong feeling prevalent
throughout the entire session. Higher ca
bles and reports Of damage to the crop
main bull factors. December opened un-
changed to NC higher at 45%c to 455sc, and
on selling by commission houses there was
Vanced again, with the top price at 4 per
cent. The close was h9kc higher at l5%
045hc. Local receipts were $40 cars, with
81 cars of contract grade.
Oats were dull, with. prices about steady.
The feature was the liberal receipts, with
poor grading. The weather was unfavor-
ing factor. The close was slightly lower
than yesterdays final figures. December
opened unchanged at 307Sc, went down to
3jkc, but rallied to SO%qSic. The close was
hUhc lower at 3OsQ3OAc. Local receipts
were go cars.
The feature Of the provision trade was
the buying of nearby products and the sell
ing or futures. The opening was easier,
with considerable January pork for sale.
mission houses sellers. January pork sold
lower at 1855; ribs, eye lower at Ss.G.-
Estimated receipts for tomorrow: Wheat,
~. cars; corn, 80 cars; oats, 100 cars; hogs,
24,0O0 head.
The leading futures ranged as follows: