Omaha daily bee., 1902-04-09
AND, FINANCIAL
Bears Rule Market for a Time, but Finally
Lose Control,
WHEAT AND CORN cLosEAT HIGHER MARK
Oats rally Toward End. hut Too Late
60 make GaIn-Provisions Quiet
but BuIIish Hog situation
Squeeze Prices Up.

CHICAGO, April s.-After having had
things comparatively their own way ioI
some time, the bears in grain speculatIon
wavered from their positions today, anu;
becoming less confident OF a big crop OF
winter wheat, allowed prices 70 be pusneo
up. At the close May wheat. was &c
&C lower. Provisions closed ZEc 10 'a'
higher. h sav
was dull and dragging. Al the Nnsrs
cables were barely steady ana ioIeIs -
were indifferent. There was s'n nceup,ed
with their farm work. september w.
sold early in liberal amounts ana yesevt
THE first bit Of decisive news was the re
port Of $3.50 blu. seaboard clearances' ns
gave a decided snap to the msrke' rjcas
time and resulted in an upturn IN pItoe.
The early short talent covered anu tSop
was some fair buying on the antlcipaIpIon
Of a hull turn before delivery nay -
CENTS continue very light and CROP, reports
in some instances have been rathet w
satisfactory. The tenor OF the marHet
side OF the dullness was much 1mProNeu,
although the gain in price was shldIL way
wheat opened hdhc to a shade lower az
NE 70 nAc easel gbo 70 Close Sc was firm. &c
higher, at n%dn%c. Receipts were ~ car,
one Of contract grade, and MinneapVLs eve
Duluth received 1855 cars. a total I0t Lne
three points Of 235 cars. against ~ iast
wear. Primary receipts were SS9vVO pu''
compared to SSUVo a yyesds taken for ex-
port. A ur,+hout
Corn, which has seemed 10 De Wltnous
friends for some time past, started IN asAIn
today on the down-hil road. CapIes were
lower. trade was dull and there was modeI.
ate liquidation. Sellers have been somew hnsr
dif1dent for a day or two ana the peal
Side has been aided mostly by tine uIyp
longs and a few very cautious shOrt sen
ers' The bear trend the market mas IahSh'
however, left a large short interest; ITaue,
therefore. needed only the upturn in wheat
and a short estimate of only thirty cars
TO be received at this point tomorroW 70
set shorts to covering heavily. The DUH
ness, which lasted till almost midday, gave
way to active buying and May corn au 90
vanced somewhat ~buoyantly. May sot as
low as 571hc early. but closed strong at lts
top figure, AqAc higher, at 5S%tc; ttecelpts
were SO cars. Two loads were taken at 'ne
There was free selling Of May. oats
caused by an increase of l23,0O bu. In con-
tract stocks. Corn weakness kept prices
down for a time and the rally only brought
a partial recovery. Trade was not hedNy
nor was the fuctuation wide: septemDer
and July had small trading. May SOLO down
to 4lJsc and closed steady, hc down, at
42sc. Receipts were III cars.
Provisions were only fairly active. IheIe
was free selling early on the part OF PACK
ers and prices declined. Some support WIS
offered late and on the bullish hog sltua,
ton and a fair cash market the list rallled
and advaRced to a steady close May pork
sold as low as $16.271z and closed 21sc up az
S1G.45. May lard closed PIC higher at $s'VO
and Nav ribs 71Rc up at $.S212.
Estimated receipts for tomorrow: wheat
70 cars; corn, 80 cars; oats, 90 cars; hoss'
5000 head.
The leading futures ranged as follows;