Omaha daily bee., 1902-03-22
COMMERCIAL AND FINANCIAL
Market F~luCtuatss Frequently, Keeping
Spectators Guessing,
LEADING THREE GRAINS CLOSE LOWER
Provisions Again Act Contrary TO
Grains and Continue Ascension
Cash Export Business and
Rains Cause wsvering.

CHICAGO. March 21-Gralns were ner-
vous and erratic again today and hept
sPS SsSs vs sTssssi eefdiedl yns Sea IalhS in m their saS
iufuence over wheat, while a continued
heavy port business ia cash wheat tended
were frequent and other grains acted sym;
pathetically. At the close May wheat nad
lost sc, May corn espstc and May oats &c.
and closed bG10c higher.
Wheat opened weak and lower on good
Eains in many OF the wheat states and de-
eiined still further on rather heavy. sell;
ing. These rains were much needed ana
were supposed TO be beneficial to the STOW
increased movement and stiil better pros
poets. Cables were slightly higher, but had
a i5ss Was the advice rom New York that
yesterday was SIN Tor sale. May wheat,
7iitG7STsc. sold on to 7sNc. Then came a
revival OF yesterdays export business
a local house sold ls loads Of cash whsat
shorts TO cover I'm q hurry. Buying for
this account sent prices up and hold the
market firm for a time at Hhd14ho for
May. The northwestern reports, however.
had the most influence in the market. st.
Louis was weak and was selling literally.
Kansas City May prices, which a month
ago we're &c above Chicago, were quoted at
discount.
late In the day, bears sold short and prices
tumbled. Trade in general Increased and
the outside Spectator was not in the mar
1uences. May went off and closed weak,
&c lower at 7S4s@7atc.. Local receipts were
Il cars, l OF contract grade; Minneapolis
the three points Of "a cars, against 25
last week and 49, q year ago. Primary re-
7ii.e00 bushels last year. seaboard clear
snces I'm wheat and flour equelled, $500
bushels. Argentine shipments were $500
bushels, against 42S,OO0 bushels last week
and Ls12,0O0 bushels a year ago. The sea
board reported 80 loads taken for export;
Corn followed wheat most of the day;
cash business and light receipts helped to
a speedy reaction. The southwestern rains
pected to curtaii the Interior movement,
There was no outside trade to speak of,
possibly a little selling, from the south.
iu watching the wheat pit. The situation
In Argentine was reported much improved
harvesting had already pHgun H Sa1 that that
sold az low as e01kd60%c the first hour, but
later reacted to &c, with the wheat firm
corn tumbled will II, short selling was
liberal and several long lines were said e
have been liauied6sted. "a 4 sharp decline v to1E
1s@&c lower for May AT sOAc. Receipts
were 50 cars.
oats were only modera tely active, with
prices Yielding somewhat with wheat. and
corn. The market was largely a scalping
affair and no important trades were made,
business, which tended TO support the pit
against any marked decline. Country Offer
ings were about the same as they have
been Of late. There was still some ner-
vousness in May options. but the huctua-
tons were narrow. May closed easy, Nc
Provisions showed strong again today
against the depression in grains There
for the slump in cereals hog products
would nave had a marke advance. The
local run of hogs was small and prices
advanced all products after a higher open
ing. lard offerings were free, but were
we'll taken. May pork. closed loo up q
S.l7H and May ribs 5G7Mc higher at ss.@d
S.57H. .
Estimated receipts for tomorrow: Wheat
20 cars: corn. 40 cars; oats, les cars; hoSr
e5,00 head.
The leading futures ranged az follows: