Omaha daily bee., 1902-04-05
COMMERCIAL AND FINANCIAL
Fair Skies Send Prices Lower on the Chi
oago Board Of Trade,
BEAR TIPS SUPPORTED BY CONDITIONS
wheat Opens Lower and closes Lower,
while Corn H. Dull and Pro-
visions rake n Down
ward Turn.

CHICAGO. April 4.-Bearish crop advices
prevailed in grain speculation today. and
worked against other STRENGTHENING lnnu-
,ences to depress prices. Trade was drag
cling at times, but prices huctuated nerv-
olsiy. May wheat closed &c lower, May
corn MGAc depressed and May oats &c up.
Provisions closed unchanged to 5g11sc
lower.
Wheat had only a momentary respite
lower on the fair weather. lower cables
and good crop advices. Belated shorts had
stun for sale and bears grew more con-
interests hTeTei 81 bought hS heavily yo ON Nay and July
very close to 100000 bu.-and the market
began to advance. The shipping demand
was improved and shorts covered, sending
May UP to 1&c, after opening hghc lower
at 707sd71c. At this point, however, the
crowd turned sellers again. The Ohio state
iof "A, against g. on March l. This was
taken as partial confirmation Of yesterdays
Corn was slow and exerted little inhu-
ence on wheat, but the wheat bears sold
Rggressively on all the hard spots and sue
ceeded in getting May down to 70Ac. Some
of the later selling was supposed to be for
the elevators that bought early. May
closed only easy; nc lower, at 7gbc. Local
grade; Minneapolis and Duluth reported 26
cars. making a total for the three points
of 237 cars. There we're nc comparisons,
this day last week and a year ago having
been holidays. Primary receipts were small
at 5000 bu. Seaboard clearances in wheat
NIu NAOuI huhAtN NtNHNNV bAa ~
shipments for the week were 1,136,O0O bu.,
with 1,2i4,OOO blu. last week and
y, 696, 900 bu. a year ago. The seaboard re-
ported Is loads taken for export.
Corn was dull and dragging most of the
lBession. Fair weather and advices to the
EFFECT that farm work was progressing sat
brought selling orders from the
houses, especially for the out
side account. There was some support of
September, and the small receipts helped
retard the decline. Cables were lower and
the cash demand inactive. These, together
with the late wheat decline, continued to
weaken corn, and May sold down from
b95sc to 5S7sc and closed weak, %gAc lower,
at 59hc. Receipts we're only GO cars.
Oats were dull and fluctuated very mar
Towly. The only feature to the trade was
She fact that oats held their own fairly
demand was good and receipts were light.
There was fair early buying on the opin-
aon that May is to be advanced. May sold
l3hc and closed steady, &c up, at 42%c.
were rs cars.
Provisions showed some activity, but II
was mostly of the downward sort. Hogs
were weaker and started fair selling. The
outside liquidated literally and stop-loss
orders were met. The cash situation was
The only fair show of strength was
that of lard, which was supported some
what by packers. May pork closed 5@71kc
lower at $l6.37hQ16.4 40, having sold as low
1850; May lard closed 2hc down at
9.57A, and May ribs unchanged at 81. S71h.
Estimated receipts for tomorrow: Wheat,
cars; corn, IS cars; oats, 20 cars; hogs,
$4,000 head.
The leading futures ranged as follows: