Omaha daily bee., 1902-04-28
COMMERCIAL AND FINANCIAL
Bullish Factors Prevail and Grains Par
tally Gain Back Recent Losses
PROVISIONS DEVELOP STRONG MARKET
Packers support that Trade and Push
Prices Up, but Cereal Business
Loses Outside Patronage by
Poor wire Service.

CHICAGO, April 26.-Wheat experienced
n normal reaction from yesterdays pau
slump and with numerous builish iact0rs
behind lent Its strength to other grams.
Trade was not heavy, but July Wnsat
closed. &c higher, July corn &c higheI
and July oats l4G4c higher. PROVISIONS
Deficiency OF moisture in Kansas ana al
most freezing temperatures In many parss
of the wheat belt was enough 10 start
wheat upward at a good pace at the OPEN
Ing OF trade. To augment the strength SaI
bles were frmer than had been eNpecltu
and receipts both primary and northwest
ern were small. Inasmuch as the shortage
time and comparisons have, been Inaue
against a short-crop year, the bears pc
came discouraged again and shorts Gov
ment was in favor OF the bulls. Traders
were of the opinion that it takes some
harvest. After the initial upward Impulse
trade was. quiet for a time prices huct9-
ated weakly. Concerning kansas BRAD
three-fourths yield at the best and 90 per
cent probable was 70 be eXpeSteo'
FFrosts were rSre PREDICTED in many of, the
western states and In Just the places
where warmth is most necessary. Then
came the report of seaboard clearances OF
$4,000 bushels, exceptionally large and Of
q fair outlook for export business with
France. Prices worked up, trade became
terday's loss was regained. July opened
eac to hc higher at 1S%g1S% At to z5ssg Sn I
76h076kc. Local receipts were 80 cars,
none OF contract grade, making a total
iifs last Week and $40 a year ago Aus
tralian shipments were only $4,000 bushels,
against $4,000 bushels last. year. Primary
receipts were 2l5,OOO bushels, compared to
a., 900 bushels last year.
Brokers on corn reported the lightest
trade in that pit for Saturday in many
weeks. One explanation was the bad wire
service on account of the storms, which
almost shut on outside trade. Another
CAUSE WAS the hard iOlt Snarula TORS re-
celved yesterday and which they had
hardly gotten over today; What argument
strength and firm cables aided in an early
upturn. but. prices were very narrow most
Of the session. Speeulatiye offerings were
tie selling pressure. The cash demand was
good and southwest was very bullish. st.
desired Than could be obtained. In gem
eral corn was without feature, save its
strength. July sold between 6I1sa63Mc and
closed firm, 4c up at 63%c. Receipts were
d cars.
After a firm opening in oats in
pits there was d momentary selling press
ure. due to the recent heavy rains and
pressure was removed there was some re-
sponse to light demand and prices ad-
yaneed, July new standard) sold between
311zq8Isc and 31Ac and closed firm. A@Bc
up at 37%d37kc. Receipts were 10 cars.
Trade in provisions was largely local be-
cause of wire service. At the start the
grain improvement and a steady hog mar
ket reduced buying, which (even as hog
prices weakened) continued to improve.
There was a momentary disposition to sell
on the hog situation, but a very good
packers support developed a strong mar
ket. Pork was In best demand, but lard
was also wanted. Trade in general was
dull. July pork closed 1T1Ac higher at
July ribs i2hc higher at $9.47h.
Estimated receipts for Monday: Wheat
g cars; corn, 1876 cars; oats, 2O5 cars; hogs,
1900 head.
The leading futures ranged as follows: