Omaha daily bee., 1902-08-24
COMMERCIAL AND FINANCIAL
Com and Wheat Are Animated and Former
is Bull Leader.
PROVISIONS RECEIVE PACKERS SUPPORT
Oats Alone Are Lansuid, hne other
Cerea Are Firm or StrOnE, and
Land Advances Before
Close.

CHICAGO. Aug. 2s.-Corn was the bull
leader In an active grain market again to-
lay. Fears Of frosts in the corn fields
held in a natural advance. but there was
something of a manipulative aspect TO
trade that aroused a nervous dread in
spectators who went short yesterday. In
the other pits much the same conditions
as prevailed of late were factors-poor
grading, fair cash demand and weather
fears. Wheat was aided materially by re-
duced receipts and immense export clear
ances. AT the close September corn was
1%c higher, September wheat &c up. Sep
visions closel 7hc to 15c higher.
Corn ruled strong. At the outset there
was a little offered and prices dipped mo-
mentarfly. But at once a good demand
set In and bulls let go of nothing save at
good profits. Influential houses took on big
Der, while sellers who wanted to let go
We're only scattered. The GOODNESS of the
weather gave rise to some apprehension Of
frosts and fear of that was augmented by
dispatches from the interior which stated
that frost had already done some damage.
This steadied December, and September,
which needed only continued manipulation
to boost It, jumped upward rapidly. Yes
terday's shorts covered and September sold
from 56zc to 577sc and closed 1%c up at
5S9sc. Receipts were IL cars, only five Of
contract grade.
Leading elevator interests were under
wheat. September had a good buying sup
port after the somewhat dull opening, and
although trade lapsed dull at times, bust
ness in general was good and the tone
nfm. AT the start cables were lower.
September opened &c to hc down at Tic to
nhc. Corn strength started a reaction
and a fair cash demand and export clear
ances in wheat and flour equaling 1857, 900
bushels put September to 72hc. The local
crowd was inclined to the bear side, but
changed front to some extent on fears Of
manipulation In the September option. Re-
ceipts northwest we're light and primary
points were not reporting as large arrivals.
There was fair selling at the strong point
and September slipped back to a barely
firm close, Nc higher, at n%c. Local re-
ceipts were 800 cars. none of contract
grade, and Minneapolis and Duluth re-
ported l66 cars, making a total for the
three points OF 4S6 cars. against 511 last
week and 72 a year ago. Primary re-
ceipts were $4,000 bushels, compared to
] ,09I, 900 a year ago.
There was little interest in oats. The
early lower prices in other grains started
a decline and there was little rallying
power to the market. September sold be-
tween 3Sc and SShc and closed Nc lower at
33hc.
Provisions had good strength on packers
The outside sold the distant futures or a
somewhat easy hog market and the slow
ness of the pit. September pork closed
15c higher at SIC. 80, September lard 71hc up
at $1O.S5 and September ribs TIC higher at
1910.
Estimated receipts for Monday: Wheat.
245 cars; corn, So cars; oats, 255 cars; hogs,
1000 head.
The leading futures ranged as follows;
Arttcles Oman High Low Close Yea'v