Omaha daily bee., 1902-05-29
COMMERCIAL AND FINANCIAL
Prices Sent Heller Shelter by Bears and
All Pits Suffer.
FARMERS LOOSEN AND CORN TUMBLEs
Wheat Quickly PIuDEes in It's wake
\ and oats, TOO, Respond 60 Bear
Ash sentiment-Provisions
sHgshuy Depressed.

p CHICAGoAMay 2s.-Bears had their turn
at the grain markets today. General con-
iditions were moderately buliishi, but II
was the conn pit that turned the tables
and the whole list was forced to a weak
ness greater than yesterdays was strong;
The whole situation hinged, on the liberal
,acceptances of Chicago bids by country
holders Of corn, These were SO much
greater thar had peen antclpated ina MAJ
Iother grains suffered sympathetically.
July wheat closed lAql%c lower, July, corn
provisions closed unchanged to a shade
lower.
Ding. The sharp advance here yesterday
Influenced cash houses to advance their
hbids in the country and the farmers jumped
hdvices Indicated 100000 bushels sold to
Chicago. In the pit the cash, houses that
bought this stun at once s4,1 ags q low
price before8 yesterdays bulge. Other ad-
vices were bearish and were influences in
sive. crop reports were good and good
weather was reported I'm the corn belt.
As prices pInhsea G0%n"bbr ni q ala wtt
serve to steady the market much. Wheat
weakness, which started on the corn re-
action, was an additional bearish incentlve'
The weakness showed no signs OF abate-
ment and July, which was yesterday worth
lol&c, and which opened today at 64c to
62HM63c. Receipts were small at los cars,
but because of the free acceptances the
1nONtT1tHN II tABttlto W AhNANo9Ns
Wheat showed some early weakness on
the foreign weakness, which was based on
the faY TSs 1e,d s S%erf was b %ea56er on Ie tTop
prospects and sold freely. There was a
heavy selling trade. although a few COM
sgood everywhere for crops. AS corn
turned very weak. wheat was depressed
still further. and the weakness It developed
seemed to be so thoroughly saddled upon
the market that even late reports of sixty
five loads sold at the seaboard for ex-
failed more than to steady the slump q
trihe over the bottom figures. July opened
Sa%sp st to re up Hpo at c, TSsSG TO ~e axe; an s5umReS &c
down at 72%@72Ac. Local RECEIPTS were
16 cars, 6 of contract grade; Minneapolis
total for the three points of 146 cars,
against los last week, and 2lS a year ago
pared to 10000 bushels a year ago. Sea-
board clearances in wheat and flour equaled
BSO 600 bushels,
weakness of the other grains and excep-
tionally good crop reports Induced selling
end brought reGessI Snarton News The Iea! "Msy;
DEAL which has been the bugaboo OF this
pit, and which has restricted trade In IT
Saturday. after which the traders expect
more interest T. the pit. Traders gen
orally eoncede that Shere wih tb De S SGns'q bnIi
leader without deliveries. July closed nc
down, rather weak at 37hQSEGc. Receipts
were smaller at 1876 cars.
Provisions were dull after showing fair
strength early in the day. The hog situa-
siSn wal firm and early 6Tying was Ts asd
packers did not support the market late
at $lS.O714, July lard a shade lower at
SO: 1bQl0.11h and July ribs unchanged at
Estimated recetpts for tomorrow: Wheat,
20 cars; corn, $50 cars; oats, 26 cars; hogs,
B5,oOO head.