Omaha daily bee., 1902-04-24
COMMERCIAL AND FINANCIAL
Prices Scramble Up in All Pits and Day
Remarkably Bullish.
NO LET UP COMES TO OPENING BOOM
Bulls Hold Tight Rein ana values Go
Soaring Up to Dizzy Heights, Hold
Ing Big Gains when
Race Ends.

CHICAGO, April 23.-Bull enthusiasm was
paramount In all speculative pits on the
Board Of Trade today; The influence was
were the sufferers. Trade was excited in
general and stun was held so tightly that
S %Rsn saf m WitE Sis t s2S 1n'0 w STiaf P msds
gains OF from CSC to 2Ssq2%c, corn 29sc 70
z%c and oats l5sc to lac. May, wheat
closed 2hc up. May corn 2isc higher ana
May oats 1Ac advanced. Provisions closed
15417iac TO SOC higher
Wheat went booming from the very start.
There were numerous bullish incentives
and the crowd turned bulls to a man. Ca
bles started out strong and advanced. rms
was unexpected and started the upturn.
Then came the crop damage scare that set
every one buying. The rains in the winter
belt yesterday, though enough to allay the
save crops. Added to this came the weather
report that freezing temperatures would
the southwest tonight. Receipts also were
exceedingly light and argued rapidly, de-
especially in the southwest, where II was
argued the spectators had Information
nearer at hand. augmented the upturn.
sisted in the advice that the crops were
being badly damaged. The Millers as
ISOLATION OF Kansas reported the crop Of
Indiana was said to be suffering and ad-
vices stated that from 20 to % per cent OF
the sown fields would be plowed up. There
was a lot of liquidation for protits on the
early advance, but commission house buy
lnE started renewed SpuIlS. Inc NhtdN
traders we're seriously aroused over the
critical condition of the crop and bought
with the conviction that there was money
in It. Trade was possibly as
large as on the big bull campaign last De-
cember. There was practically no time
when the market was not advancing and at
and scared to nc, closing strong and eX-
cited ID, 28s up; at ssS eStsr July S clos dd 2asG Gc e9
at 7skc. Local receipts were rs cars, and
minneapolis and Duluth reported 1903 cars,
cars. against IA last week and 2S6 a year
ago. Primary receipts were 203,O 300 bu.,
compared to $4,000 last year. seaboard
clearances in wheat and flour equaled
$4,000 bu. Cash business was good and the
seaboard trade improved.
Corn had the influence of the wheat boom
20 start II advancing, but the bull lncen-
tive in this pit was the renewed heavy
buying by the big commission houses
were trying to corner July options. Wall
street is said to be behind this crowd and
followed and bought feverishly. The local
crowd bought mainly on the theory that
a bull manipuiative Sampalgh was on t0ou:
for profits and to those moments the mar
ket eased a trifle. Upward spurts immedi-
Rtely followed, however, and as offerings
were never excessive, additional gains were
made. The market was strongest at the
close. The southwestern markets were even
more bullish than Chicago and Influenced
prices here. May opened B@12c htghhE at
62sq62%c and advanced to 64%c, closing
ClIOHbt GtBC up at AidN hkhAtt 1uAg eOlh
10 SEC and closed 2%q21sc higher at 65sc.
Receipts were only 60 cars
Oats were strong throughout the session
on the influence of the strength in the other
grains and the fear that there might be
serious damage to the new crop from lack
of moisture. There was also a good cash
business, which added to the strength of
the futures. Trade. while not large, was
of good character, receiving and commits
zion houses buying. Scalpers sold to some
extent. Crop damage reports from Iowa
and elsewhere were bullish incentives. May
sold from 43lzc to a strong close, 1%c adj
vanced, at 44%c; old July gained 1%c, clos
Ing at 37hq37Mc. Receipts were only rs
cars.
Hog products had a strong and advanc-
ing market, Influenced by a steady hog
market and the grain bulge. Trade, how
ever, was not very active, considering the
rapid advance made. Buying was good,
particularly by the local crowd in the way
OF covering. Packers sold moderately on
the upturn, but supported early. The
country was on the buying side. Heavy
shipments OF products was a bullish incen-
tive. Lard was particularly in good de-
mand. May pork closed 30c higher at SIS rs,
May lard 17hc up at 1886 and May ribs
i6di71kc higher at $9.2
Estimated receipts for tomorrow: Wheat,
20 cars; corn, IS cars; oats, 10 cars; hogs,
q. 900 head.
The leading futures ranged as follows: