Omaha daily bee., 1902-04-04
COMMERCIAL AND FINANCIAL
Good Wheat Weather Gives Bears a Chance
at Prices.
MAY OPTION WEAK, CLOSING LOWER
All Adyices Favor slump In Markets
and Weakness Affects All Lines
Except September Corn, which
shows Activity.

CHICAGO. April at was another bear
day on the Board OF. Trade today. Wheat
sentiment prevailed lied that yesterday's bulge
was more than conditions warranted and
the ate bearish crop news sent prices
lower. May corn %G%c down and May
oats unchanged. Provisions also had a set
back and closed 1Oc 70 27Ac lower.
nd only once showed any snap. Foreign
mssxets were slightly up, but disappointed
the bulls I'm their unresponsive character.
Much Of the early crop news was bearish
and showed It's effect on opening
very good cash demand by millers-some-
thing like 10000 bushels of No. 1 northern
being sold-and reports of probably re-
duced stocks at Duluth and Minneapolis.
There was a semi-of1cial report that the
shortage in Oklahoma and Kansas would
be $1,000 to $1,000 bushels. because. Of the
crop damage May started Nc to Mc lower
at INC to INC and worked up to 72hc on
the bull news, but there was no force to the
markets dragged badly and then came a
report OF a statistical concern that. allow
ing about three-quarters Of last, years pro
cipal wheat states would raise as much
wheat at last year. In an already weak weak
and May sid down to a weak close. &c
lower at TIC. Receipts. 40 cars, none of
contract grade; MINNEAPOLIS and Duluth
of 224 cars, against 255 last week and 1856
a year age. Primary receipts were only
ago. seaboard c~learances equaled 75s,OOO
bushels. The seaboard reported so loads
taken for export.
There were new tactics in the corn pit
today that set the crowd guessing again.
Prices started out at small declines, be-
cause of the indifference of the foreign
crowd that has been active In July options
began to sell of that delivery and bought
1900, 900 bushels of September. This pushed
the late future up and the crowd began TO
tail in. The nearer deliveries suffered in
and, unlike wheat, showed no
tendency 10 recover. When the offerings
@ Df sfpt tbat de REiE 8 e IN sf'e off again ihe and md
wheat exerted a weakening influence.
Wheat was reported favorable for the
crop. Aside from the incident in September
dency toward the selling side. May sold
between 6h@60%c and 59Ac and closed
weak, MONO lower at 59%q69bc. Receipts,
oats showed independent strength Tor a
today on buying OF May that led to
cereal was at hand. The market, how
ever, was very dull and aside. from the
May strength there was no feature. May
changed at 42%c. Receipts, 101 cars. Seed
ing and starting of plant growth was re-
ported progressing well:
Provisions were weak and the decline
looked very much like continued manipula-
ton at the hands of the packers. The hog
market was weaker and. the small decrease
in lard stocks induced selling of that
product. Pork. however. was the bone OF
took profits and threw stun over so quickly
that many shorts who had recently run to
cover did not have a chance to put out
May pork closed 27Isc lower at
ribs, 10c one $s.S7h.
receipts tomorrow: Wheat,
rs cars; corn, so; pats. rs; hogs. 10000 head.
The leading futures ranged as follows: