Omaha daily bee., 1902-03-01
COMMERCIAL AND FINANCIAL
Grain Speculation is swayed by Weather
Conditions.
CORN Is AGAIN ACTIVE AND STRONG
wheat Has a Nervous Day, md Oats
Are Active and Somewhat Uneasy
-ProvisIOns React and Hold
a strong Tone.

CHICAGO. Feb. 2s.-Grain speculation
was swayed by the weather today General
wheat. but Z worked he opposite way with
corn and wheat traders who sold short
early were forced to, cover. The close was;
Nc higher; May, 1c advanced. Provisions
closed 5d7hc to 121Ac up.
Corn was again active and strong and
led in the advance that marked all trad
ing. Gables, small western acceptances
over night and some early buying started
the influence of the heavy rains in the
west, which would, 1t was argued, further
imPoverish the country movement 51 sna
by corn offerings-the receipts at both
Kansas City and st. Louis being smaller
local speculators took to the bull side OF
the argument and the pit traders VINO SOLO
early quickly s6Gd rec91yyereed on Som gaIrsS d,v t |
out Of line. There was heavy selling Of
people who bought a few days between
b9c and Coo, but the market suffered none
sSyuc n; az sissc S and tRea 81 steadily alsnyr mounted sa'ttS t.
e2hc, closing strong, AqBc higher at $3.50
exc. Receipts were 100 cars.
day. but soon began. to feel the strength
in corn and oats, n ruled very hrm. Ca
bles were Disappointing and early offerings
rains and liberal northwestern receipts
were additional bearish factors: Bears be
san [AAth eAhC at NlO
eral business was not large. but st. Louis
began turning strong and the crop killer,
again talked Of damage in Kansas and
Oklahoma. Statistical papers made favora-
BILE reports Of the crop condition., but trad.
ers who had sold short became frightened
when they saw the spurts in oats and corn
and covered. The southwest did some buy
Eng here, as did ST. Louis. New York was
reported selling. There was some fear that
the wheat movement might be retarded
with corn because of the storms. All told,
opened &c lower to unchanged at 7sNca
sc sSc'o up at Ss%@Tc. Local receipts were
nineteen cars, five of contract grade: Min
neapolis and Duluth reported Ss7 cars,
making a total for the three points of 4Ot
cars, against $40 last week and 342 a year
ago. Primary receipts were 1000 bushels
compared WITH $1,000 bushels a year ago
equaled $4,000 bushels. Argentine ship
ments were $4,000 bushels, compared with
$4,000 bushels the corresponding week last
year. There was no export business re-
ports.
Oats were active and shorts manifested
csrtsiled mo Sven nfe RR%TeScseRipffssS we're VI eur onfy
eighty-nine cars. There was a good com
mission house demand early and some pro
had a strengthening effect. Cash people
bought freely. There was liberal selling a.
top prices, but the general tone helc
strong. May advanced from 1870 to H5sC
and closed 1c higher at aye.
Provisions made up some more OF theil
recent losses and held to a strong tone
Lighter receipts and better prices at the
yards Influenced a higher opening and 6
fair commission house demand and thu
grain strength advanced prices well
closed 12kc up at $15.47h; May lard. TX,
higher, at $9.s13f. and May ribs bQ7hc ad
ESTIMATED receipts for tomorrow: Wheat
S5 cars; corn. 100 cars; oats, 50 cars; hogs
The leading futures ranged as follows,