Omaha daily bee., 1902-03-20
COMMERCIAL AND FINANCIAL
Grain Market Takes a Decline and May
Stock Closes Lower.
PROVISIONS GO QUITE THE CONTRARY
Warm weather Report and steady
Cables, with only Few Wheat
Damage Reports, Give Market
a Bearish Movement.

CHICAGO. March 1e.-weather condi-
lions and predictions favored pears IN me
crop damage reports. wheat led in a GEN gem
sral break A ! the close OF t doen s SS%c
May Wheat had lost p Se, MeS went con-
trary to grain and closed DC hlsner ai
around a
little lower on the warm weather IePor.s
and steady cables, the local crowd to1k 70
the buying side in the wheat pit. Okish1OinS
Of serious damage 20 the winter Mheat
crop. One report said that the fevemt
showers gate honly temporary reneI anu
that the wheat crop was not In good shape,
Fairly bullish decreases OF stocks IN Ime
northwest were reported: MAJ wheaI VEN ny
of bQhc lower at 74sg74ne; ovtl
fair Commission trade to !bhc- The out,
siders, however, did not buy. In lsrse
especially in view OF the bearish feeling
prevailing in the southwest. ram prs
dictions for some of the suffering county
crowd changed front. Wheat broke. the
crowd sold, coarse grains began 10 snp
downward and prominent ion nns IN a good
deal of their holdings. Early there mao
been much difference in the minds of trad
market, but as the market turned weak
there was a general hammer1ng at prices
and May DROPPED to 7SMe; Ih sdSav was hut Z
exporters report the situation at the sea-
board generally as discouraging. Casn
SemaHd. ~ This sOV However, failed to help
the market TO any extent and May closed
weak, &c lower, at 741sc.
tract grade; Minneapolis and Duluth re-
ceived 2a cars, or 20 for the three points'
against Sl last week ezra sn9 ags SS SoO a Su.a com
pared to SIS. 900 last year. SeaooaId clear.
ances in wheat and -four were large az
Corn was Searis6 to start with on the
growing bearish sentiment sonJhWee tbo anS
for tomorrow are smaller, the crowd was
Weather could not but start early grazing
and thereby induce a freer movement "
a short time. st; Louis reported Feo .bs
grain trade was light and the general bear
ish conditions induced considerable selling;
1t was said that a long time May. was SOLD
freely through brokers'. Most of the day
corn and wheat reacted upon each other
Toward the close as wheat became some
May opened slightly lower and dropped 10
6Okc. There was a weak recovery late, but
May closed %Q%c lower at 6lSq6lAc. Re
Oats were fairly steady in the face OF
weakness OF other grains until the sharr
Situation had Changed little and there was
still an inclination to stay. our or oats by
traders who expect sSmethnS napp onnons
May was subjected to some selling, ana
although the opening was. unchanged the
prices did not huctuate for a long time
there was an e~ventful drop to 4S%c. May
closed weak, nc lower, at $3.50. Receipts
were as cars.
For a few moments early In the day pro.
visions were inclined to be easy. The hof
quotation run tailed exactly. with the estl
mate, but hogs we're still firm and as 9
good cash demand for provisions spranl
up, pit prices advanced. Scalpers sold al
produces. but the offerings were all taken
Trade was not large nor was there any
Important feature unless 1t was the marked
firmness shown in the face of the baC
break in grains. All May options closed o.
higher. May pork at S15.42h, May lard a
$40 and May ribs at &.45.
Estimated receipts for tomorrow: Wheat
The leading futures ranged as follows: