Omaha daily bee., 1902-03-12
COMMERCIAL AND FINANCIAL
Nay Wheat Loses at Close, but Nay
Corn Gains.
EFFECT OF GOVERNMENT REPORT SLIGHT
Provisions and May Oats Close Higher,
but Reports Of Rains In n south
west Turn the wheat
Market Bearish.

CHICAGO. March 11.-~speculators who
were expecting a jumping bull market on
the strength of the bullish Interpretation
put on the government reserve report were
disappointed. There was an early, short
lived spasm OF strength as a result. Of the
the curb, but reports from the southwest
depressed wheat and other pits lost much
Of the gains sympathetically. AZ the close
May wheat had lost %ahc, May corn had
gained kG%c and May oats was kc higher.
Provisions closed no to 10c higher.
fo wh fts uP 5s1f OI infuen es 'o os S SsstI o osSIas
light receipts and the government report:
The latter was not quanutive; but, based
was reported at % per cent, and indicated
156.170,00 Blu. In reserve. Wheat traders
p ptsS ( aa early aT to eye taS Ss q SV BIZ JUMP TnrOn When il
was seen that corn bulls received the. news
of the shortest corn reserve on record with
recurrent advices Of rain in Oklahoma and
Texas. AT this the professionals forsook
s ale D Snd SIDE tSs R %sps.t q tu EnsaP S Ss%s Dut rSs
late Liverpool cabaes were eaaier and Paris
was down. h ooerse grains also lost
and May wheat, which opened Nc vi to
unchanged. at i77kc 70 nc, dropped to &c.
with Occasional Sst rsactionsi S Ssts7s Vas
Today's trade seemed simply 70 follow tho
custom of some time past Of selling on
one of contract grade. and Minneapolis and
Duluth reported zS cars. a total for the
three points Of ss cars, against sSs last
year. seaboard c-learances In wheat and -four
showed a decrease of i.oss,ooO bu- II, the
worlds available supply. The seaboard re-
ported % loads aiken for export.
better than yesterdays close, there was
disappointment over the fact that the
the"S So wee nSs A1 report n and support the
market. The reserves in first hands were
estimated at p per cent and were figured
776, 100000 blu. last year. This started a n
early bull movement and with the con
ttinged nss b. receipts ssl May opened HE@%c
ever. no prominent buying In sight and
the southwest sold literally. The market
ttr qads la asaxy fsS R Gold tas % N long wef iinss
stood by and watched. May slid of 70
slA46lEc' pressed somewhat by the wheat
sc higher. at SIC. Receipts were 1856 cars.
Oats showed little effect from the action
nhuence The market opened only barely
firm with corn and on the fact that 10O,0Ot
bu. had been withdrawn from contract
figured out to be 19Sy6OO.00 bu., or nearly
The talent was inclined to the View that
It would take two or three days before
the full bulish- effect Of this estimate
though trade was dull. May sold as low al
44hc and closed firm, No up, at 44%c. Re
ceipts were Ito cars.
Provisions were dull. but slightly higher
on the improved hog market. The opening
was firm and the prospects of a strong
coarse grain market influenced small pur
chases. There were no features OF i'm
portance. May pork closed 10c up at 1885
May lard 21ho higher at 500 and May rib
2h@5c higher at $40.
Estimated receipts tomorrow: Wheat. 1
cars; corn, s. cars; oats, IS cars; hogs
$4,000 head.
The leading futures ranged as follows;