Omaha daily bee., 1902-08-28
COMMERCIAL AND FINANCIAL
September Options Suffer RsCesSiOns in
Weak Ruling Grain Markets
SUPPORT POOR AND WEATHER BEARISH
Fair buying in May Corn, but sep
tember Moves ErraticaiIy-Pro-
visions Irregular and Close
Above and Below.

CHICAGO. Aug. 27.-An grain markets
ruled weak today. improvement IN uno
vreather was the most potent factor. SUP
mort was poor and stop-loss orders were
feit, particularly in the near deliveries OF
wheat and corn AT the close sepvehpSer ~
IN and September oats &c lower; Septeni-
Der provisions closed 121kc lower TO 221sc
higher. ,,e,.noa
Of lower cables and favorable weather Tor
cutting and threshing the spring wheat.
Early trade was duiI ano Oh = ~ corn
turned weak and, Affecting wheat, broueht
out stop-loss orders and september broke
Ereat and ali day there was a heavy tone
TO the market. There were conditions, now
ever, that at times made an impression on
The crowd and prevented possibly heavy
pressure from sellers. Receipts were fall
Ing on and grading was sun very poor;
Export ~clearances were fair, Wneet anu
-four edualliug 300, 900 bu. More important
as a sale retarding influence was the fact
that Duluth did not receive a single car
of wheat, whereas last year there were Io
erted an influence. Cash business was
small. September started h9Ac lower at
ukqI1c, slumped to 7oAc, rallied to nc M
ceiptg were 49, cars, none OF contract grade;
minneapolis received 2b1 cars. making q
cars, against 45 last week and US a year
ago. Primary receipts were 1,O51,OO bu.,
compared to J,254,OOo bu. a year ago.
corn EIATNh0 WGAk OH the AUluCnCG VI
drier weather and more liberal ac~ceptances
OF Chicago bids In the country. All day
September was offered freely and weakness
prevailed. In other months there was bet
Ter buying, particularly In May, In which
there 10 said 20 be a fair ghort interest.
Extremely small local receipts[7 cars, and
only 3 OF contract grade-had little effect
against the wheat and weather influences.
and prices fell. There was still nervous
ness In the pit, however, over the fears Of
the congestion In the near future. Cables
were lower. September started EG%c
breaking to 5estc and rallying TO- 6stc.
Late in the day the better demand that
had developed fell OF again and September
closed Nc on ana weak at B7hc. Reports
from the country were aattering.
Fair weather broke oats, but all the loss
did not hold. This pit held somewhat bet
ter in tone than the others, although the
breaks In wheat and corn were an influence.
There was some good buying by commits
sion houses and this helped in q late rally.
The movement Of oats continues liberal.
but there was talk Of a marked improve
ment in the next fortnight. September
started at 33c, fell on TO 325kc and closed
easy NC lower at 82Bc.
Provisions had spots of activity and ruled
gomewhat irregular. The grain weakness
market did much more toward breaking
prices. Liquidation from the outside was
rree early, but good aupport developed and
on manipulation Of pQPk and ribs sharp ad-
vances followed. Lard was offered freely
and held weak. September pork closed 22hc
$lo.S21k and September ribs &C higher at
S1O.20
Estimated receipts for tomorrow: Wheat.
200 cars; corn, 20 cars; oats. go cars; hogs,
z9,WO mead.
The leading futures ranged az follows: