Omaha daily bee., 1902-02-16
COMMERCIAL AND FINANCIAL
week Closes with Dragging Market with
One Cent Net Advanoa
sPEcUlATOHs Ds1RUs1 BULL NEWS
Corn Quiet, but Feeling Somewhat
neutrality-suspicious. Keep Out and
Leave Trade to Actual Buy
ers and Sellers.

CHICAGO, Feb. 15.-Bulls in the grain
market here had slightly the better of the
argument today, at the end Of another dull
terday's small losses were made up and a
better tone prevailed, but the dragging
nature of the markets is shown by the fact
that the weeks gains were under 1c.
May wheat registered a gain today Of So
sc; May, corn nc and May oats &c. Pro-
visions closed TkQ10c higher.
Higher cables and predictions of smaller
worlds shipments occasioned a slightly
better opening in wheat, but the character
that has been manifested for the last two
weeks. Most Of the business was slow and
confined to the local crowd. Outsiders kept
out OF the market to a marked degree. A
bullish Interpretation put on the French
government crop report was shown in the
Paris cables and engendered still better
sentiment here. There was even an at
tempt to bull the market on this news.
Many views Of conditions, however, worked
on the tone of the market. Northwestern
and primary receipts were liberal, st. Louis
was weak and the weather was favorable.
would be taken only at declines. The trade
was taking crop damage with a modlcum
of salt. The scarcity of winter wheat,
which is said to be the cause of small re-
ceipts, they are also somewhat distrustful
about. Manitoba wheat or cheaper grades
Ing. the week for export and this gave but
little assurance to the bulls. On the other
hand constant reports of heavy feeding of
wheat to stock came to hand and bulls
have given some heed to the mutterings
from Oklahoma and Kansas that the plant
y liable to damage, especially In view of
the other two years of bountiful yield. May
opened bc higher at 7SSc, sagged hc and
then gradually worked upward to 7s&c.
the advance. May closed frm, %@hc
higher at 78%@7S%c. Local receipts were IA
G SIi1t ! OF rs contract grade de minneapolis M~naIInP and
for the three points of AL cars, against S0l
last week and 459 a year ago. Primary re-
bushels last year. Seaboard c~learances in
wheat and flour equalled S11,Ooo bushels.
Corn wa quiet. but. showed a much bet
in the face of our decline yesterday. and
working against the opening bearish senti-
%s@t f io@eT at M az to e s sh%o. f F6r q s to :
time short selling eased the market and
May sold at. 6l%Q61Ac. But some of the
The southwestern markets seemed still In
control and were the influencing factor. st
Louis; which had been turning bearish,
which recently declined to S1kc under May
was reported back to the level of that OPP
was offered more freely and at reduced
prices. Generally speaking Spectators
stayed out of the market, allowing the
situation to be worked out between those
who have the corn and those who want it
Late In the day there was talk of an i'm
fnE set in. May advanced to 62Hc an6
closed firm, nc up at 62S@621kc. Receipts
were IS cars.
OdtS were pTOIOuuuly Qull, lnOuBn dppdF-
entity stronger at all times than the other
pits. The only feature to the days bust.
ness was some buying for cash. Tht
steadiness of corn was a help. Spectators
are watching the pit carefully and appear
to be looking for something big to happier
at any time. May opened unchanged and
sold UP well, closing firm, sc higher al
43%c. Receipts were 70 cars.
Provisions had a small trade. though
with a better tone. The market lately has
hinged on the size of hog receipts and
today on a light run showed strength
There was some fair buying of lard by
yesterdays sellers. but otherwise little wai
done. May pork closed 10c higher a.
SIS. 971k, May lard 121c up at $9.52h and
May RIBS nc higher at $S.554S.571
Estimated receipts for Monday: Wheat
Is cars; corn. 80 cars; oats, IS cars; hogs
Is, 200 head.
The leading futures ranged as follows: