Omaha daily bee., 1902-06-10
COMMERCIAL AND FINANCIAL
Fears Of Wet Harvest Vanish and Wheat
Suffers Break.
OTHER CEREALS ALSO SLIDE DOWN
Grains Have Bad Day with stop Rain
Reports and Close Losers, while
Provisions Go quite the
Contrary.

CHICAGO, June s.-Sunshine came TO
cheer the grain bears today. EeaIs thes
wet harvest were banished and the bulls
ceased to give any advancing support When
they heard that The heavy um pS,ls corn
was carried down with the leading cereaI
but was held up to some extent by the
muscle of the big bull party. Al the close
July wheat was 1d1hc lower. July corn
.1adMc lower and July oats bGNc uo"h'
Wheat was depressed by the fine weather
more than anything else. Today all rear
OF wet harvest was changed when the
Vailing generally. The mar
kets were weak at the start, 81. LOUIS
being down lc and selling here on be sne
ish at the start and July opening, 7sc 70
AdAc down at nhq7l$c soon tumbied 70
the bull Influences that might otherwise
have been expected in 2,S50,0O bu. in the
on passage stun, and Of 2'lS5;GO p 9sih aS
exporting new stun and a fair snow OF
strength at New York on the French de-
Wheat was very heavy and seemed un-
able to help itself, and as no support came
TO it's aid, and the close was weak July
fairly active and selling heavy. Local
receipts "a cars, 5 contract grade; Mime
Ing a total for the three points of SsS cars.
against 1926 last week and $50 a year ago
Primay receipts were $4,000 bushels COM
cciearances in wheat and flour equalled
1893. 900 bu Worlds shipments were 9.446;-
900 bushels, compared to .7u2,OOO bushels
ago. The seaboard reported 8 loads. taken
for export. Seven loads were sold here
Tor direct shipment.
Corn opened off sharply on favorable
weather for cultivation and on freer ,coun,
try offerings. Southwestern markets showed
weakness and commission houses generaliy
had selling orders, There was. however,
that is supposed to be In control OF that
option, so that before noon that future
had more than recovered its decline. Re
ceipts were free at 43 cars, and Worlds
showed $3.50, 900 bu., compared to
1851, 900 last week. There is little tax OF
cash business, but from day TO day stun Is
moving out and stocks have been decreased
in rpite of better receipts. The weakness.
however, prevailed in spite of the fear
OF the deal in July options, and July.
though Il recovered to 63Ac after selilnB as
low as 62lsc, closed weak, hgssc down. at
Oats broke with the other grains and
ruled weak. The weather talk was the
principal bearish argument, although recent
1iauidation for profits has had a depressing
effect. The disparity between the cash price
and that of July stun helped In a small
rally, but late trade was dull and July
after selling from 3sTsc to 3S1sc, closed weak,
%d%c down, at Ssbc. Receipts were 121
Provisions did not feel the grain influence
and were pushed up to higher prices. HOGS
were higher, there was a demand by shorts
and little stuff was offered by the packers
soid between $3.50 and s17b71k and closed
TIC up at $3.50, July lard closed 5q7zc up
at si0.s2li and July ribs 2Oc higher at
Estimated receipts for tomorrow: Wheat.
40 cars; corn, 500 cars; oats. go cars; hogs.
2l,OO0 head.
The leading futures ranged as follows:
o. A.