Omaha daily bee., 1902-06-29
COMMERCIAL AND FINANCIAL
Wet Weather is Controlling Factor in Bull
ish Market,
CORN TOUCHES SEvENTY-cENT MARX
Oats Also Reach record Price I'm
strong Pit, while wheat opens
Higher, but Eases on,
Though Closing Up.

CHICAGO. June 2s.-wet weather again
caused fair upturns in grains today. but
the absence OF any liberal outside business
and leaning up trades over Sunday re-
stricted gains to some extent. September
wheat closed nc higher; July corn. lc
higher, September corn %alEc up July
oats lG1isc higher and September oats IS
Q1zc higher; provisions closed unchanged
to 21zc higher.
at 72as@72ac and sold to 52Ssc early.
Throughout the southwest copious rains
had fallen again to damage the harvests.
Paris quota ION were as much as ll4C
higher, Influenced by unfavorable weather.
There was a little early commission house
business and a fair export demand devel-
opening cali for December option. A bear
ish sentiment overcast the pit, however,
for some time and worked against higher
prices. Reports came that most OF the
wheat had been cut in the country where
rains were falling. Many of the Local
crowd took profits rather than to wait
over Sunday and stand the possibilities OF
fair weather. The little strength was
Slapped and July eased to 72Ac, closing
firm Lc up at 723sc. Local receipts were
50 cars. 3 of contract grade; Minneapolis
and Duluth reported 3US, cars, making a
total of S47 cars for the three points,
against 29S last week and 34I a year ago.
Primary receipts were 1900 bu., com
pared to $1,000 last year. Seaboaru clear
ances in wheat and -four equalled 761,OOC
bushels.
Corn stin showed marked strength on
the demand by shorts. Wet weather was
TeBP9Ttss gebn sjgsG 7 in the f f Sn1t t belt; cr6 6a
elsewhere. Advices from many sections
stated that the main root of the plant was
rotted off. At the opening prices were very
strong. Shorts bid July Ssqlhc higher al
69Q1Oc-the latter the new record price fol-
the crop. Offerings for profits at top fig
ures at once brought a slump to 69lsc, but
the. constant bad reports from crops, es-
pecially from Iowa, pushed prices up again
Receipts were a little larger at 2S3 cars
but little attention was paid to statistics
The weather and the short bidding ruled
the market. September and December ad.
vanced with July. but free protit-taking IN
these two options brought partial declines,
July closed strong, lc up, at 695sc; Sep.
TENDER sold at 615sc and closed irm 2sd
nc higher at 611ac.
oats continued their upward course agar
today. The wet weather was reported as
hurting this cereal worst of all. No.
white, cash, sold as high as 4c., and there
was almost nothing offered for sale ir
spite of the good demand. The same gooC
buying that has been in force for a weel
was in evidence again. Selling was only
by locals for profits. The general senti'
Shorts covered freely at the start and July
reached the top figure of the option again
47c. Dips followed the liquidation, which
however, was small. but all the stuff was
taken and July, after selling at Acc, CLOSED
strong, 11sc up, at 1880. September SOLD
between 3312c and SAC and closed firm &c
1ac up, at SS%qSSAc. Receipts were 20
cars.
Provisions were very dull. Offerings wer,
scarce, but there was little disposition OF
the part of the packers to shove prices up
Hogs were light and prices good, including
small advances, which, however, were no
all held. September pork closed unchanged
at $lS.471R, September lard 21ac higher a
! .551s and September ribs unchanged a
5000.
Estimated receipts for Monday: Wheat
b cars; corn, 800 cars; pats, 25 cars; hogs
$4,000 head; hogs for the week, 1870, 1000 head
The leading futures ranged as follows: