Omaha daily bee., 1902-06-21
COMMERCIAL AND FINANCIAL
Wheat Is Sampson Of Cereals and Leads
All Lines Up.
BEST PRICES OF YEAR IN PROVISIONS
Markets Clearly BuIlish on Excessive
Wet weather Reports at Home
and AbrOad-HoE Products
Make Record Prices.

CHICAGO, June 2O.-wet weather .nfu-
enced breadth and bullish activity IN wheat
today. Continuous rains In the standins
wheat and much excitement In foreign
markets over similar conditions In France
and England pushed prices up and lhe
bhllish sentiment engendered by the news
held prices very near the top hgures.
The bulls in the corn pit protested but
the wheat influence was enough TO put
prices both In corn and oats on a stronger
basis. At the close July wheat was sc
higher, July corr hc up and July ho 2@.s
marked Independent strength and closed
loo to 121kc higher.
From the outset wheat was bullish. Lty-
erpool made good advances and Paris, IN
addition TO yesterdays strength, showed IN
creases of 14nlAc. Foreign markets were
extremely nervous over the prospects OF
short crops In consequence Of wet weather;
Cargoes off coast were in great demand
and prices were advancing for spot cereals
ously and more were predicted generally.
Advicts from Nebraska stated that the
wheat was ripe and awaited cutting put
that the ground was in such a soaked con
dition that farmers could not attempt the
work. Further than this, the grain that
had been cut in other states was uaH.P
and would not grade contract. What with
this bullish and a general Improvement IN
outside business on the Board OF Irade,
shorts considered II time TO cover. Sentl-
ment was bullish and grew more strongly
SO every moment with Advancing prices
There was a fair cash demand ana thS
future market showed no Aoft spots, II
was supposed that there was a large lous
interest in July wheat, but II such were
the case, not enough OF the holdlhBs, were
unloaded to make any perceptible chahse
In the sentiment. Business. was more NGtlve
in wheat than for a long time. JuIy wngat
opened lka%c higher, at I3isG14c, grauu-
ally attained 74l4a749sc. and on a ntlIe
realizing eased. but ended with a strong
close. &c up, at 74Ac. Trading was very
good in deferred futures. Local. receipts
were % cars, 2 OF contract grade. MIN
neapolls and Duluth reported 2y3 cars max
ing a total for the three points OF 8lS cars
against 245 last week and 293 a year ago
Primary receipts were $4,000 bushels, com
pared 10 447,6OO bushels last year. sea,
board ciearances in wheat and flour equaled
171.OO bushels. Argentine shipments We're
100000 bushels, compared to $4,000 pusneis
last week. The seaboard reported 10 lod"9
taken for export. A..
Corn was strong and higher most OF the
session, but ruled Comparatively quiet
awaiting another opportunity TO carry ouI
their manipulations. Trade was small ana
was done mostly by commission houses
There was a fair demand In the most dis
tant futures and nothing neW oeNes1pet
in the July deal" strength oil %hG ia
centives, There was almost no selling
pressure. While receipts were increased at
Boo cars. only % cars graded contract. jury
sold between 65Ac and CSC and closed firm
water in the oat fields was a threaten
lms JARED some of the more deficient
shorts to covering. Cash eCuf was In good
demand and some some &c OF .sc the Tb UeSse IVES oniy
= little scattered selling, and although
trade was not large On the buying side the
new again sold at 42c. The close was very
frm, &d&c up. at 395sc. Receipts were
ISL cars, only 10 of contract grade.
Provisions showed marked and independ.
ent strength all day. The hog markCt
started out strong, but gradually eased or.
All the product list Responded TO me cary
strength at the yards and made sharp al,
yances. Cash stuff was in good, demand
at higher prices and all the smaller 2ner1
brokers. A slight dip followed the steady
close Of the hog market. but the end OF
the session showed prices almost at me
today. July pork sold at s17. 92lk and closed
12I5c up, at $1LS7h; September pork soiu
at 80 1913; July lard closed 1c up, at $lO'4oi
IJuly ribs, l2hc higher. at $1O.75.
Estimated receipts for tomorrow; Wheat'
30 cars; corn, POS cars; oats, ls5 cars; Iogs'
5000 head.
The leading futures ranged as follows:
--.L Gl-LA NAE-..