Omaha daily bee., 1902-03-11
COMMERCIAL AND FINANCIAL
BulliSh Opening, but May Grains and Pro-
visions Close Lower.
SHOWER REPORTS KNOCK OUT WHEAT
Corn Rules Firm at stnrt, but Falls
with wheat, While oats Are
Duh ana snE with other
Grains.

CHICAGO, March 10-Meager reports of
showers and prospects Of good rains in the
southwestern wheat country took the Dull
today. After a decidedly bullish opening
in all grains, bullish Spectators were
forced to ensnss e. fT Towsr an Nav az corn 1ne H@Se
down and May oats nc on PROVISIONS
Al he start in the wheat Dit there was
a goodly array OF bullish arguments. ca,
bles were nrm, both at Liverpool and
Paris; continued dry weather was reported
in the winter wheat belt, receipts were light
and commission houses had good buying
orders. Coarse grains were improved ana
aided in the vpturn. Under the innnen n Is
05kc and advanced 10 7S%c. On the adj
vance numerous longs who had bought
early last week sold for profits. Prices
steadied for some time around 7sc, but
localities, Of Kansas and Nebraska the
came General and somewhat heavy and
prices dropped. There was some specula-
tiGn Of what the s9VS Ssn9s ro TeRO stat St
There were bearish preliminary M
that the amount would be from. lSO,OO0,OOO
May closed weak, sc lower. at Tic. Local
receipts were "a cars, one of contract grade
and Minneapolis and Duluth reported AS
cars, making a total for the three points of
ls cars, against 5O2 last week and 64 q
year ago. Worlds shipments were s,O11,0o0
bus compared to s7t iDcSs last $SDo STl
The Visible supply decreased $4,000 blu.
Primary receipts were 5000 bu., against
$1,000 a year ago. Seaboard c~learances In
wheat and nour equaled 10000 bu. The
seaboard reported fourteen loads taken for
Corn, which was influenced chiefly by
wheat, ruling firm at the outset and sag
ging off on the bearish news, though not
to such an extent as wheat After the
first hour trade was inclined to dullnes
Cables and light receipts, together with
the wheat strength, brought the opening
bulge. But the continued warm weather
seemed to weaken the holding sentiment
In the country. Cash offerings were still
light, but as wheat eased long corn was
sold and the decline followed. The local
crowd In the main waited for the govern.
as high as 62i&q62Nc, sold down to 61hg
61Mc and closed weak, h1mc lower, at
61%661%c. BUSINESS was confined largely
to pit traders, though the conspicuous sell.
ing was for st. Louis. Receipts were small
oats were dull, with prices inclined to
sag in sympathy with other grains. May
was offered freely at times, but wal fairly
we'll taken and suffered little loss in price.
The range of fiuctuations was very narrow,
the bearish sentiment being offset to a
slight extent by reports that large quanti-
ties were to be shipped out. May closed
easy, hc lower, at aye. Receipts were lS1
An excess Of 1900 hogs over the esti.
mated run broke the hog market and in
h~uenced liberal selling in the provision pit
show of strength on the absorption of of
ferings, and products closed easy. May
pork closed &c lower at $15.25, May lard
2ikd5c down at $9.S7h and May ribs 2hc
Estimated receipts for tomorrow: Wheat
30 cars; corn, ITO cars; oats, $50 cars; hogs
1000 head.
The leading futures ranged as follows;