Omaha daily bee., 1902-09-09
COMMERCIAL AND FINANCIAL
Near Futures in Grain Decline on Array Of
Bear News.
PRINCIPAL ONE IS THE WARM WEATHER
10th Longs and shorts Sell Corn, with
the Result that the september
option Has n Heavy
Decline,

CHICAGO. Sept. s.-several bearish fac
TORS today combined to press gram pIlces
lower. with the result that the near u'u
declined TO some extent.
Spectators in general, however were n
chned to the belief that, the iar dehveIses
were In a strong position. and IN Sonse-
lonence in those months the bulls had a
little the better of the argument. sepuJ hn
per wheat closed a shade lower DeceInoer
wheat &c down, September corn lac lower,
HDecember corn lBqhc higher DeCenpe n
toats Ag%c lower and SeptemDsG az 70
Weather was the principal factor in reg
out the prediction that tomorrow morning
would see trosts northwest rms heIu
Then became convinced that the weather
map, showing fairly warm and dry weatnSI,
was just what was wanted 70 anI beean
selling freely of September. cables were
weak shipments were heayy' gspe6ldaiiiy
dull and prices iuctuated idly at low level
lexport business developed, the seaboard re
lported sixty-two loads taken and Duluth
l%shipped twenty loads direct. This, TO-,
HEAVY movement expected receipts north
kwest were only about half last years hg-
lures and grading was still poor started a
lTeaction. September started sc lower to
Fac up at 11zc TO IlAc and fell on TO lOstc.
lat CSC to 6i3bc. and declined TO 61ssc. In
1.-THE late rally that followed December re,
ICeiVed more support lhAn OeIltlubtl anu
lclosed steady, a shade down at 61&c. Sep
Itember closed weak, Nc. down at 1sc.
Local receipts were zS6 cars OF contTSet
grade; Minneapolis and Duluth reported Sly
cars, making a total for the three points OF
ISv3 cars, against l,4Sl cars last year. Prl-
mary receipts were 1,279,0O bushels, against
j, 1882 900 bushels a year ago. Seaboard clear
Iances, in wheat and fionr sdualed 4SS,VoO
Increased 1904, 900 bushels. The visible sup
ply increased $4,000 bushels.
TIL corn belt had warm weather yester-
HAnu Thfg uvna naFtiTnlaFlV Significant TO
and prices declined. September developed a
time, regardless of the fact, however, that
ten days more will put the corn crop gem
1.-THE lower prices and free offerings simply
an opportunity for additional profits.
While September ruled weak the other
,~cellent support. Trade after the opening
hour was not active, but anything that
was offered at low prices was taken in
quickly. The bears argued weak cables, in
creased receipts and good weather condi,
cash corn at 2Oc premium over December,
stocks lowest on record, a country side
swept, almost clean Of merchantable corn, a
late harvest and hogs selling at prices
which make 4 profitable, to feed 60-cent
dipped to 56c ana closed Weak, nc of ma al
57hc. December sold at 42c, but rallied to
We rsm rs ' csTs. e fs@ u contract @P az t s4sde. Receipts
oats were sold freely at the opening in
iBympatny with other grains. Receipts
were liberal at 400 cars, but the grading
was so poor-only q cars-as to induce
caution, in selling after other. grains
steadied. Trade in general was uninterest-
Ing. December sold at 30hc and closed Ad
sc down at 90%q 9O%c. September opened
nc lower to unchanged at Sac to 33hc,
dipped to S34c, but closed steady, &c up al
SIC.
Provisions were dull and tame. Prices
kruled steady most of the day, with very
marrow fluctuations. Lower prices for hogs
Land the break In grains caused some early
tseling, which was offset at once by a fair
{support. The close, however, was weak
january pork Thc OF at S14.90. January larC
f6c down at 1886 and January ribs 21zc lower
Estimated receipts for tomorrow: Wheat
200 cars; corn, 200 cars; oats, $40 cars; hogs
az, 900 head.
The reading Futures ranged as follows: