Omaha daily bee., 1902-02-18
COMMERCIAL AND FINANCIAL
erainI Fail 10 ksalis, Th,ir Btry Morning
Premises
ALL Options WEAKEN AND 1UGIlE
May wheat, Corn and oats Close a
Fraction Down and some Pro-
visions Ten Cents
Lower.

CHICAGO, Feb. 17~.-Grains~on the Board
Of Trade today experienced a quick change
IN prices. All options had good early, adj
closed %Q1hc lower, May corn %qhc down
and May oats M9hc higher. Provisions
There was a little wave Of bull feeling at
the opening in wheat. Cables were nrm
and world statistics we're bullish. There
houses early and the builish sentiment
carried over from Saturday, with advances
Nav opened MGHc higher to a shade lower
at 781G7SAc, and speedily advanced to TIC.
Almost every bit of available news, was
bearish. There was a French cable claim
ing probable injury to the wheat crop
from the hard winter, although regular
S sSis Ts6 dld not w s1GT a sSinment py h resS fallen on
or nearly 2,0O0,0O bushels from weekly re-
quirements, a total for the week OF 6,4ll,COO
bushels. against $4,000 bushels last week:
The amount of breadstuffs on passage had
increased only $4,000 bushels, and the
visible supply fell of l.160,OO bushels. Dull
ness in trading, however. and the fact that
the outsider was not In the market worked
against prices. When 7sc was reached for
May, commission houses sold ana as other
grains lost their early gains wheat turned
bearish. The bears. who .had been snort
The advance took courage and sold short
sid of TO 7Sh@7Shc and closed weak. SO
NC down at 7Shc. Local receipts were only
% cars, 8 Of contract grade. Northwestern
receipts were liberal. Minneapolis and
Duluth reported DO cars, making a tOldl lOI
the three points of $50 cars, against 3S2 last
week and 54S a year ago. Seaboard clear.
ances in wheat and -four equaled $4,000
bushels. Primary receipts were $4,000
bushels, against G61 900 bushels a year ago.
The seaboard reported 43 loads taken for
export too late to help the sagging market.
Corn had a good upturn early after q
lower opening on unresponsive cables. the
squirt in oats and wheat had a bullish ef-
feet. but when selling was attempted on the
bulge prices could not hold their gain. Abb
sence of orders. the later easier tone In
wheat and prospects of increased country
offerings caused liberal selling. The senti-
ment toward the close changed from a
No effort was made to support prices and
May, which had sold at 62%c, dropped to
61%n61%c. The close was weak, May $50
&c lower at 61%c. Receipts were 1a cars.
advanced early on commission house buy
ing. Offerings were light and reports OF
cash purchases for the east contributed TO
the strength. Elevators also were bidding.
There seems to be a tense feeling over the
concentrated May situation. Shorts were
very uneasy and covered. When wheat and
corn turned bearish this pit lost much OF
its early gain. Notwithstanding this oats
showed good strength throughout the ses-
sion. May opened unchanged to lac up al
H3Xc to 4S5kc, sold to 44Mc and eased again,
chasing Arm, M@Ac higher at 43Hd44c. Re-
ceipts were 81 cars.
Provisions were dull and easier. Re
ceipts at the yards were $1,000 head, In ex'
ing. Packers sold some, but the market
showed remarkable strength in considering
the run of hogs. May closed 10c lower al
S15.s7h. May lard 5@71kc lower at $3.50
Estimated receipts for tomorrow: Wheat
40 cars; corn, 40 cars; oats. 1875 cars; hogs
The leading futures ranged as follows: