Omaha daily bee., 1902-08-19
COMMERCIAL AND FINANCIAL
Market Opens with Coed Vitality and
Strength, Cereal Prices Advancing.
HOLDERS TURN SELLERS At HIGH MARK
Gains Are shoved on and Close Leave,
wheat Below, While Corn and
oats Are Slightly Adj
' vanced.

= CHICAGO. Aug. 1s.-Grains had an eiu-
1sive bull turn today. All pits experienced
good early action, with strong upturns
ing rains In the Iowa corn fields and gen.
eral poor grading. Prices were bid up
soon lost when holders turned TO sell In
the somewhat narrow markets. At the
close September wheat was &c lower, Sep
tember corn &c higher and September oats
a shade up. September provisions closed
I2kc to &c higher.
Wheat started firm. Conditions in the
northwest were considered as unfavorable
for the maturing wheat. There was too
much moisture and even frosts were
sent over comparatively firm cables. There
Bfso was a decrease of 100000 bushels in
the visible supply, and a marked falling of
In worlds shipments. Tn fair early al
! vance was something OF a surprise, mas
much as the accumulations from heavy
receipts over Sunday were expected to
bear the market. Outside markets how
ever, started up, and September, somewhat
sympathetically. opened a shade to h6hc
higher at zoe to 70hc, and sold to 7O1kc. a
selling movement, augmented by unloading
by manipulators of the September-Decem-
Der spread, brought a sharp slump. The
fact that the seaboard cleared LOIS, 900
bushels in wheat and foar did not stay Inc
down slide. Estimates for tomorrow re-
eeipts at 80 cars, and a generally heavy
movement. especially in the southwest,
. were factors In the weakness. Possibly as
much as anything. however, in the down
turn was the natural bearish influence OF
d.NANf AAA1h oOOAAtA VI
must. press on the market. In general, 1t
was bearish sentiment against bullish sta
closed weak, NC lower, at 6eas9hc. Lo-
cal receipts were 355 cars, only 3 Of con-
tract grade. Minneapolis and Duluth re-
three points OF SIS cars, against 5Ss last
week, and SS a year ago. Breadstuffs on
passage increased 1,6iS,OOO bushels. The
against 11,344,OO0 bushels a year ago. PrI-
mary receipts were l,4SSOOO bushels. against
L42t,O0O bushels last year. The seaboard re-
ported twelve loads taken for export.
Corn held to its strength better than
the other grains. After the early squirt
trade lapsed into a slow, narrow market.
The course Of the partly Influenced bv The
cold, rainy weather and by the action In
wheat. Iowa had floods of rain. Local
buying September briskly for the first
hour. Offerings were light early, receipts
were small at 4S cars, cables were hrm
These factors started September unchsnged
70 &c up, at 5lhc to Size, but soon took
Il to 2hc Then came liberal selling by
tne early supporters and predictions OF
better weather. The cash demand was
small, although contract stun was scarce
TENDER fell back to 511xc. A SIISbt rSsIIIpv
brought a barely firm close, September NC
Oats started strong on the bad weather
IN Iowa, and on general buying. Thers |
was no unusual feature, however, and AL |
though the cash demand continued good
ssn back 9Th ne -gsaLacjns c prices
and corn. The close showed fractional sd- |
Tances. September sold from S2MG32Ec
S9Mh 70 a steady close, a shade up at 3iL |
csc. Receipts were liberal at PSI cars y
OF contract grade.
Provisions were rather dull. but showed
LAT strength. The hog market was steady. |
and together with support by packers
WORKED against a slight pressure from
sne outside; There was a good rally after
an easy start, but profit taking late IN
the day took on most of the gain Ssnn
Temper pork closed 2hc up, at 1895; SEN
em lard &c higher. at $lO.S5, and Sep
receipts for tomorrow: Wheat
1900 head. s' hoss'
The leading futures ranged a. follows,