Omaha daily bee., 1902-05-20
COMMERCIAL AND FINANCIAL
Outside Interest in Market Lax and Grain
sp~eculstiOns Hang A~pathetic.
LOWER cLosINGs DEALT WHOLE LIST
Bearish weather Reports Prevalent
in Cereals and Absence of support
with Outside Liquidation Bur-
den TO Provision Prices.

CHICAGO, May 19.-Speculation in grainsi
was lacking ir spirit today and resolved
itself into a dull. weather market Local
ter wheat country and in the corn and oats
regions. Prices declined generally, but a
brought a slight reaction and July wheat
lower and J6iy oats %e lower. PrOvis-
once more the outside interest kept out
of the wheat market and thus brought
general apathy among traders ooa AL the ne
holidays, consequently there were no ca
bles to figure upon. In addition to the
suit from this dullness was the reports
showing good rains all over the winter
country and warm weather TO help gr9wth.
ing rains in the spring country but the
builish influence of these adyices were on
set by the expectation that the tne
weather conditions in winter wheat would
more than make up the difference OF late
spring seeding. Country onerings were
increasing, st. Louis getting about lOO,-
900 bushels, mostly from Kansas. There
was a most bearish feeling prevalent in
the wheat pit, but the trade changed It's
Views on the relative merits OF the July
and September options. september showed
2hc under July Saturday and the diner;
ence was narrowed to 1c today by several
big houses covering September. short ac-
counts. July opened a shade lower to a
selling pressure declined to 74hc. Con-
sidering the idleness of the foreign mar
kets a remarkably strong, export demand
the seaboard reported Al loads taken. This
took away much OF the weak tone and
July rallied to an easy close. NC lower at
of contract grade. Minneapolis and Du-
luth reported 25s cars. making a total for
week and 1853 a year ago. Primary, re
eelpts were l,4o6:oOO bushels. compared to
supply decreased 1,725,00O bu. Breadstufs
on passage Increased $4,000 pu. worlds
shipments were 9.4O4,oOo bu.,' as against
Corn ruled rather weak on the ideal
weather conditions. Country offerings
cold. The greatly increased receipts at
this point predicted last week did not ma
m 9eGIasIaei DUE Deferred ere the outsider from
Specializing and resulted in a dull trade
and a general decline. Had 4 not been
manipulators the weather conditions would
probably have brought a very weak mar
fet. Export business was practically at
corn worked above 50c. In sum, the sem
timent was bearish but business was so
fractional. July sold at $3.50, dipped TO
61%c and closed ikQkc down at 6lS96lhc.
Oats ruled dull and easy. Crop reports
were favorable, but the cash demand was
good and sustained prices from suffering
grains. July fuctuated only sc and closed
easy, 10 lower. at s6%c. Receipts were
100 cars.
Provisions felt the weakening influence
of outside iquidationSand an absence of a
good support. Hog prices at the yards
were higher but declines were registered
in all products. July pork closed 1c down
at $17.&, July lard b4Thc lower at 80. %,
and July ribs a shade under at $e.67hQ
80.
Estimated receipts for tomorrow: Wheat.
60 cars; corn, ITO cars;' oats, go cars; hogs,
q 600 head.
The leading futures ransed az follows: