Omaha daily bee., 1902-05-22
COMMERCIAL AND FINANCIAL
Opening Advances in Grains on Early Corn
Bulge Boon Recede.
PROVISIONS SLOW AND SUFFER SETBACK
Corn and oats Take Early Upturn,
but Dip Later and Retain only
slight Advances, while
wheat Quits Below.

CHICAGO. May 21-Activity in grains
was short lived again today. ihe tren5Sa1ss
generally gem, Sni o mere more wTs'hh asd S te rely on weather
az a factor. July wheat closed h994c
lower, July corn hdhc up and July oats
MONO higher. Provisions closed |hc !"
wheat was dull. Early there was show
Of good strength on the corn oulee anu
on reports Of good export demand and pur-
nhases Of September options supposed TO be
Tor the foreign account. The local crowq
gtarted TO bull the marSe' al the wheat
market turned very dull. Liquidation then
Bet in and inasmuch as the shorts haa
covered early and there was no demand
for stun from that quarter when selling
began prices had a pretty pad tumpiei
however, the expected export aemSnG we're ee
Favorable TO the selling side. The weather
was clearing in the northwest and rains
been much needed. In spite OF the con-
liant talk Of late seeding northwest ad-
Vices from. Minneapolis stated that the
general spring acreage would be about as
Esg5sEso to to z Ie'i ioT year at 7i%Sc to 7st@ssc. ad.
Eancins to %%@ga sGrs sna slT AT edn Go a Local local
feceipts were II cars, 2 of contract grade;
Minneapolis and Duluth reported 80 cars.
making a total for the three points OF no
Ears, against 16 last week, and 2Ss q year
age. Primary receipts were 25O'Vo nusnels'
compared with 10000 bushels last year.
beaboard clearances In wheat and flour
squalled $4,000 bushels.
Corn had very good early support, but
could not hold the advances that were
made during the first hour of trade. As on
Yesterday, the principal bull factor was the
very small run of cars here, only 30.
Commission houses bought literally for a
lime and the leading bull sold freely with
put depressing the market. Bulls also
were claiming very small country accept
Rnces. but in this connection IT. was re-
ported that the bids to holders had been
teduced and that farmers and receivers
would not sell at the figures offered. This
1t is said, accounted for the reduced OF
terings. After July had sold up from
61Ac to 62%c the demand fell on. Selling
Shorts who had covered early took ad.
vantage of the lapse into dizziness and sold
again. Prices dipped and most Of the
days gains were lost. July closed only
firm, .h@kc up, at 62bQkc.
Traders In the oats pit were guessing
grain. Early in the day the same sort OF
buying that started prices upwards yes
terday set in again. There was little pres
sure to sell, especially wnen wheat and
corn were strong. Prices advanced wei
for a time, but were affected by the re-
barely steady In most options, with July
showing the best advance, kq%c higher
at 371s0hc. Receipts were 1874 cars.
Provisions were slow and showed de
clines in everything on the list. Hogs wer'
lower and started an easier market. Some
support was shown at the start for a time
but on the grain the close wal
depressed. July pork closed 10c down, a
S11.07h; July lard, 2l1o down, at S1015; Jul!
ribs, b@71zc lower, at $9.5I1A49.6O.
Estimated receipts for tomorrow: Wheat
10 cars; corn, As cars; oats, 1O cars; hogs
The leading features ranged as follows: >