Omaha daily bee., 1902-04-27
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
a normal reaction from yesterdays bad
slump and with numerous bullish factors
behind lent its strength to other grains
closed, &c higher, July. corn &c higher
and July oats ha%c higher. Provisions
Deficiency Of moisture in Kansas and al
most freezing temperatures In many parts
OF the wheat belt was enough to start
wheat upward at a good pace at the open
ing OF trade. To augment the strength ca
bles were hrmer than had been expected
and receipts both primary and northwest
ern were small. Inasmuch as the shortage
IN receipts has been apparent for some
time and comparisons have been made
against a short-crop year, the bears be-
came discouraged again and shorts COW
cred freely, Excepting rains, every argu-
ment was in favor OF the bulls. Traders
were OF the opinion that ii takes some
thing more than a rain or two to make a
harvest. After the initial upward impulse
trade was quiet for a time prices huctu-
ated weakly. Concerning Kansas Brad
streets had a special report saying a
cent probable wal to be expected.
Weather forecasts had a bad effect.
Frosts were predicted in many of the
where warmth is most necessary. Then
came the report of seaboard ~clearances of
a fair outlook for export business with
France. Prices worked up, trade became
more active and the greater part of yes.
NC to &c higher at 75%d75N to 751kd75%.
advanced to i6Ac and closed firm. 7sc up al
76sq76Ac. Local receipts were 80 cars,
none OF contract grade, making a total
for the three points of 1856 cars, against
l4S last week and S9 a year ago. Aus
against $4,000 bushels last year. Primary
receipts were 2l5,OO o bushels, compared 10
$4,000 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
cause was the hard jolt spectators re-
eeived yesterday and which they had
there was favored the bulls. Wheat
strength and firm cables aided in an early
upturn, but prices were very narrow most
of the session. Speculative offerings were
very light and consequently there was lit.
tie selling pressure. The cash demand was
Louis reported good cash sales and more
desired than could be obtained. In gen.
eral corn was without feature, save its
strength. July sold between Giisd6slbc ant
"a cars.
sympathy with the strength in the other
pits there was d momentary selling press
ure due to the recent heavy rains and
their effects on the sOwn oats. When this
pressure was removed there was some re.
sponse to light demand and prices ad.
Yanced. July new standard) sold between
37hq97%c and 37%c and closed firm, AG%C
up at 37%Q3713c. Receipts were 1S 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 hos
prices ~weakened) continued to improve
There was a momentary disposition to sci
on the hog situation, but a very gooc
packers support developed a strong mar,
ket. Pork was in best demand, but lard
was also wanted. Trade In general wal
dull. July pork closed 171Rc higher a
S17.05 July lard 1910 up at S1O.07Ia ant
July ribs 1212c higher at $9.471R.
Estimated receipts for Monday: Wheat
25 cars; corn, 125 cars; oats, POS cars; hogs
5000 head.