Omaha daily bee., 1902-09-18
COMMERCIAL AND FINANCIAL
Wheat and Corn Beth Close Higher on Pre-
dicted Frosts.
PRICE CHANGES, HOWEVER, ARE SMALL
Provisions Feel the Effects of n Raid
In OctOber Pork and the Close
e. Five Cents Higher 20
Fifty Cents Lower.

CHICAGO. Sept. 1.-THE general tone In
grains today was dull. Predicted frosts 10
follow the recent mild weather was Il PHI
largely confined to the local crowd espS-
ciaily In wheat and oats, and ,inasmuch
as s5sm these s,er pits sm TIIeo C gTlr fReit' the Weather
most and was active most OF the session.
AT the close December wheat was sc up
December corn nc higher, September corn
&c higher, and December oats. lsc up. Pro
Visions felt the effect of a raid In october
pork and closed SC higher TO SOC lower.
Rain in the northwest, with much cooler
weather predicted, was the cause of a
higher opening in wheat. Gables also were
construed bullishly. The fact that the re-
ceipts northwest were much increased over
last week and a year ago was oHset py
the expectation that In consequence OF tne
rains the spring, movement once mm Ne
would be curtaied. Gables advanced niue
as the session moved on, and the export
business was good, both Duluth and New
York reporting 20 loads taken and Bud dat
slider was not in the market worked
against good gains. Much of the time
lions were extremely narrow and little
business was done. After. the hrst houT
interest died out. September wheat SOLO
between 73c and 72hc and closed easy, &c
of. at 72Ac. December sold from SIC to
69hc. dipped to 6Shc and closed steady.
1hc up, at sc. Local receipts were aO cars
iuth reported 756 cars, making a total for
the three points Of 956 cars, against 54I
last week and 73 a year ago. Primary, re-
celpts were $3.50 coo bushels. compared to
1,5fi.OO0 bushels last year. Seaboard clear
ances in wheat and -four equaled 6Zl'VO
bushels.
and that was in corn. Frost talk was the
principal bullish incentive. OF late there
has been fair selling In spasmodic turns
because of talk of big crops. Many specu-
lators believe that with the end OF this
month the drastic effect of last years big
crop shortage will have disappeared. That
moe ~ Tho raaanna for selling on hard
spots. Mony other traders. however, were
figuring on the big shortage now out, and
especially In December options, said to be
] 5000. 900 bushels. 1t is said that cribs along
the country roads are almost empty
have been for nearly a year. Where there
were u, $50, 200 bushels in the visible supply
a year ago, there are but 2,OO0,0 900 bushels
now. Chicago has practically the only corn
supply and that amounts to about 1,5oO'COV
bushels; Farmers are inclined to hold
much OF their better corn.
Much OF the receipts. for some time to
come are expected TO be soft. All these
conditions have made bears cautious and
have induced conservative support. With
hard frosts forecasted for tonight, these
factors once more came to light. Most
eral and influential buying followed In De-
cember and May and good upturns re-
suited. September was not so active and
at times showed a dropping tendency. The
washington crop bulletins reported much
damage In the northern portions of the
toit there Vas ali The fine nresent a feel.
NAHAAkH AASA1 Wv 80 NAAN AAha1 @SINAh = -
ing that a big crop was forthcoming, and
this put a check on the bullish enthusiasm,
December corn sold from 43hc to AGHlsc
and closed firm, hc up, at 43Ad44c. Sep
TENDER sold between 5sc and 5SRc and
closed Arm, sc up. at 5ssse. Receipts were
1872 cars. 30 Of contract grade.
Oats ruled steady and showed no i'm
Dortant changes in prices. There was some
buying at times for manufacturers and
fair support by a leader. The wet weather
also had some effect, as did the strength
IN corn. December huctuated only nc and
,losed steady, bc up, at S1hc. Receipts
were 162 cars.
There was good activity In the provisions
Fit. Hogs were lower, having fallen of
aOc in ten DAVIS This induced some out
side LIQUIDATION, but a good support was
under the market until late In the day
When support fell off, there was a food
Of offerings of October pork and prices IN
that product fell from X6.671k to SIG. 25
This worked against all other prices an6
October options closed weak. Part of this
action is thought 10 have been for the
purpose Of bringing nearby n distant
options nearer together. At the close Jan.
uary pork was &c higher at S15.0 90, while
October closed soc of at s16.2 Is. October
lard closed &c down at S9.7Tn, and january
lard 2hd6c higher at 1855, October rib
we're zoe lower at 1905, and January rib
nc higher at SEQ.
Estimated receipts for tomorrow: Wheat
go cars; corn, Sb cars; oats, 1S5 cars; hogs
81 900 head.
The leading futures ranged as follows: