Omaha daily bee., 1902-09-14
COMMERCIAL AND FINANCIAL
Reports Of Killing FrOsts Withsut Effect
Upsn Grain Prices,
CLOSE IN ALL OF THE PITS is LOWER
RuIinE Of Court Against Corners on
the Board OF Trade Most Potent
Factor Against Higher
Prices.

CHICAGO, Sept. 12-Frosts of reported
killing severity mad no effect on the prices
OF grains today. Expert corn shoTis' aver
harmiess' Prices lost all ssmsisnee of
nrmness and when It became known that
Judge ChytrRLs had ruled against the board
and its members who were defending the
July oats corner cases. general slumps fol-
sowe en. b ~ shS eIoS wbs sePEsm nSs l %Rer' seq.
tember corn ic down, December corn Ag5to
down and December oats l+c on January
Corn started a trine better than It left
on last night. The frost was the steady
Ing Influence. Reports. however, were con-
hicting as TO the damage done, especially
those from Iowa. Some advices had II that
the crop was hurt % TO 20 per cent while
side orders wee light and the crowd soon
turned toward the selling side. Warmer
weather predictions had much to 90 with
the change in sentiment. but in this. as In
every other pit on the floor, the courts
Trade directory to enforce its rulings on
Receipts showed some increase, as well as
than for some time past.
The best prices of the day were made at
business developed. December Started at
44Sc and slumped 1c to a weak close, %u
Nc down at 48lsc. September sold from coo
TO Wkc and broke to a weak close, 1c on
70 bsc. Receipts were 26 cars, So Of con-
Wheat opened without much change In
price, but did .ot long maintain its steadi-
ness. There was a feeling early that the
an extent that wheat would be drawn
after. When corn disappointed there was
liberal selling on some fairly bearish fea-
northwest gave unmistakabie signs Of an
Increase In the spring movement and the
weather was a further aid In that respect.
Gables were lower. the sentiment was
bearish and there was some. selling on stop
ments-o1er fe.Oco,6oo bushels f wgritdh ne w sP
had its weakening influence, as did the
talk OF. quiet selling by a heavy holder OF
iS4c. fell 70 72hc and rallied fairly, al
Ihough the close was weak, NC lower at
shade down at eslSassc and Closed at its
lower price, &q2Ac lower at 6S%c.
Local receipts were 1872 cars, none OF con-
ported 2s cars, making a total Of 9sS cars.
This day last year was a holiday. Primary
~olearances in wheat and flour equaled 49,
900 bushels. The seaboard reported 30 10
81 loads taken for export.
oats showed even less animation than
yesterday. prices moving only sc. Weak
ness In other pits and the oats corner de-
that lost &c for December options IN the
days business, A fair demand developed
ther decline Trsde W sssS S4ieeki,aE v a I6 6S5I
and largely OF a scalping. nature. becem-
Der sold between 31hc and 3lhc and closed
at 5i11c, Receipts were lSi cars, IL or con-
Provisions eased Off after there had been
fences and from the enect Of onerings In
January pork. There wa considerable
showed Improvement over yesterday al
though trade was dull. Lower grain prices
had some effect and january products
closed, weak. pork 10c lower at SIS. 12h, jan
nary lard 21tc down at ts.0 and ribs un.
Estimated receipts for Monday: Wheat
'23b cars; corn, 25 cars; oats, 225 cars; hogs,
2I,000 head. ~
The leading futures ranged as follows: