Omaha daily bee., 1902-09-10
COMMERCIAL AND FINANCIAL
Movement Of Wheat Fails to M~atsrihliss
and Price Advances.
CORN RULES FIRM DURING THE DAY
Trade in Oats Light and Price Adj
vanees-ProvIsIons strong aud the
close ~ Above that of
Day Before.

CHICAGO. Sept. e.-Cereals acted builish
today. The often predicted big movement
OF wheat northwest failed to appear, the
weather worked against the maturing OF
corn and stocks OF grains generally were
decreasing to a bullish degree. with these
conditions and more outside business de-
v~eloping the bull view OF the market spread
and after early dips prices closed nrm,
September wheat &c up. December wheat
December corn %d1zc UP, September oats
%9hc higher and December oats ,1hqSc
higher. January provisions closed INC
lower TO &c higher.
Wheat paused a moment early In trading
before making an end OF the oearlsh mar
The cause was probably the dip In corn.
Soon, however. several very good bull aTgu-
nsents were considered, and although at no
time was the bull movement strong, yet the
season ended with good advances. CableS
were Unexpectedly hrmer and the big re,
ceipts heralded for the northwest dwindied
down to insignincance. when the hgures
were put on paper: A leading elevator
house started a good buying movement and
gradually most Of the crowd followed after.
Statistics were somewhat bullish. The
northwestern wheat stocks have decreased
3,S24,WO bushels. Receipts are still running
much under last years hgures. although
locally there was an Improvement today.
The worlds visible supply increased $780,
600 bushels, but the poverty OF quality in
the receipts did much to counteract any
rearlsh Influence from that quarter. There
was some disposition to sell May stun, but
in spite Of the dull spots in the market the
general sentiment favored buying and was
augmented late in the day by, an excel
lent export demand: The weather In the
spring country, which Is yet much OF a fac
tor, was favorable. September wheat
started BdAc lower at uG7O7sc, reacted 10
mac and closed firm. &c up, at 1%c. De-
Cember sold from Csc to 67hc, reacted to
6sssc and closed firm, ha7sc up, at &l44
of contract grade; Minneapolis and Duluth
reported only ~ cars. making a total for
the three points Of 1,2l5 cars, against l,305
last week and l.Oll a year ago. Primary
receipts were 1,325,00 bushels, compared to
] $4,000 last year. Seaboard clearances in
wheat and flour equalled 0 1000 bushels.
The seaboard reported 10 loads taken for
export. .
no great change in prices. AT the outset
prices fell of because the light frosts In
Nebraska and Iowa were not of the dam
eging kind. Further, there was a strong
early drive by prominent bears TO break
pri~ces-something that has occurred regu-
larly for several days past. The weakness,
however, was only momentary. Inherent
strength IN the corn situation started good
buying and there was rapid absorption OF
offerings. The principal bullish incentives
cables and reduced stocks. All the news
was not bullish, for the southwest was ex-
warmer weather was predicted. Leaders
Helt, however, that the cool wather and
rains, without frost, were against the hard
'ening of corn. Iowa especially has had too
much rain. December sold of early to 42Ac
ON short driving, but closed firm, %9hc up,
at 43q43bc. September sold between 56Ac
and 5fhc and closed sc up at 57%c. Re
Iceipts were liberar at Es cars, IS Of con-
tract grade.
Trade In oats was light. but prices ad-
lvanced with other grains. Early offerings
brought slight dips. Standard oats In store
Increased $1,000 bushels, but all old. There
were only 10000 bushels OF this grade here.
Iowa crops were reported hurt to some ex.
ltent by the heavy rains. September sold
IRON SS<c to a firm close, %@Mc higher. al
tS4%q341sc. December sold early at 3o%c,
ISdvanced to 31ISc and closed firm, hd%c
-, at 31Ac. Receipts were liberal at Az
1hrs. but only 6 were OF contract grade.
Provisions ruled dull and slightly frmel
with hogs. Fluctuations were very narrow
January pork closed &c up at S4.95, Jan.
luary lard DC higher at $40 and January
ribs 2hc higher at $7.S5.
receipts for tomorrow: Wheat
ilsS cars; corn, 50 cars; oats, 100 cars; hogs
The leading futures ranged as follows: