Omaha daily bee., 1902-10-02
COMMERCIAL AND FINANCIAL
Bulls Have an All Day Boom in Chicago
Bsard Of Trade Deals.
PROVISIONS SHOW SENSATIONAL ADVANCE
Pork Goes Up Ninety Cents and Lard
Follows with Thirty on Failure
Of Hogs to Come to
Market.

CHICAGO, Oct. Higher prices ruled
IN the Board of Trade today, with proVi-
eions especially strong; Oeto2eG oo po aKe ma ihe
opening figure, and the close was f5c higher
than yesterdays close. January pork closed
Csc higher. October lard closed 9c higher,
January lard 22hc higher and January ribs
1Oc higher. December wheat closed lac
higher. corn was 1hc higher and oats bdssc
Wheat was strong. and higher with good
trading. Gables and good commission house
buying was responsible for anotheI upIuIn;
Another rallying feature was that many
traders had anticipated a drop in prices
when the September deal was closed up,
and had sold short accordingly. The drop
failed to materialize, however, and in
stead Of a weak market there was a strong
feeling prevalent and buying was of better
character than for some time. Shorts COW
cred freely. Smaller receipts, with poor
grading, was also a factor. December
opened a shade to h@Ac higneT al SSgH 80
the day. The high point was 695sc and the
close was near the top, with a gain OF lhc
at 69%a69Ac. Clearances OF wheat and
dour were equal to 200 900 bu. Primary
receipts were 1,152,0O0 bu., compared with
I,3ll, 900 last year. Minneapolis and Duluth
local receipts of l79 cars, 20 of contract
grade, made total receipts for the three
points OF 94 cars. against oSS last week
Corn was firm throughout the day. with
buying quite general. Outsiders were good
buyers, as were also commission houses
the bulls, with higher cables, small re-
ceipts and rather unfavorable weather: The
Iowa state report was a bull factor. claim
ing 40 to so per cent of the crop would be
unmarketable on account of dampness.
December opened a shade lower TO hnkc
higher at 45Ad 46c. Active buying carried
the price to 47hc and the close was 15sc
higher at 47Mn47&c. Local receipts were
50 cars. with 10 of contract grade.
Oats were dull and fluctuations confined
within a narrow range. The market was
strong, In sympathy with other grains. and
on poor grading. December opened a shade
higher at 30%c and sold at 30Ssd30Ac and
21kc, closing k@%c higher at 31kc. Local
receipts were 1871 cars.
Provisions were strong, with an active
demand for October pork and lard, which
advanced the price of those commodities
sharply. There was some shown
shortly after the opening, due to selling on
lower prices for hogs, but locals took hold
of the deal, advancing prices. Absence OF
hogs was the main reason for the sudden
upturn. October pork opened sc lower at
advanced to ST. The close was 7c higher
at $3.50. January pork opened nc lower
at S15.R1k ana sold between Sl5.O2h and
SIS. 35, closing at the highest point, with a
gain of &c. October lard opened unchanged
at 1910, selling between 500 and Sl0.1Ih,
closing 30c higher at 5000. January lard
closed 221c higher at S.774. Ribs were lOc
higher at SS.15.
Estimated receipts for tomorrow: Wheat,
10 cars: corn, 125 cars; oats, los cars; hogs,
10000 head
The leading futures ranged as follows: