Omaha daily bee., 1902-09-12
COMMERCIAL AND FINANCIAL
Wheat Leads All Grains in Upward Move
in the Cereal Market.
GOVERNMENT REPORTS THE CAUSE
CommIHsion People Generally Have
Good buying Orders-COrn Also
Has strenEth-News OF
the Day.

C1IrrAco Sent led all grains
IN a strong advance To-Day: BusImess ~.
oughiy aroused by the government esu-
mate OF grain yields much. below expeeta-
some measure bullish. especially the threat
ened damage TO unripe corn by Iostsi ~
a result Of these factors Ihe ,Mc higher,
December wheat 1d1hc up, September cOIh
"a up, December corn &c advanced ana
pDg eGfmons Closed 3zGi60c to i2bal5o higher;
The government figures on the sPrans
and winter wheat harvests o~vershadoWsu
everv other matter for consideration in the
wheat pit today In a genera WdS ~ ~
trade was surprised at the Gondih bpres Ui
traders were included in the buying crowd.
liberal selling was done only by outside
longs, who wanted to take profits. soon,
however this same CROWD Pecan igo {he
strength of the cereal. There was some
selling by a leading elevator, but little at
tention was paid to this movement.
Commission people generally had good
buying orders. Almost everything helped
in the upturn. Gables were higher cash
markets were strong. receipts were small
and clearances were large. Dulutn re-
ported an excellent sbtrn export dirs dsm Iast night TRfh
and this morning. The only check to the
bullish enthusiasm was the somewhat inn
some dull spots in the session, but taken
as a whole II was the largest days busi-
mess n as some m sc tune M at ss Beee To sec. s %pft to
69Ibc and closed strong, id11sc up at 6gHq
691Sc. September sold from 721hc to 7SAe
receipts were 1888 cars, none or contract
grade. Minneapolis and Duluth reported
S2 cars, making a total for the three points
Of $50 cars, against 5Ii last week and s4 a
year ago. Primary receipts were 1,O66,O0O
bushels: as compared 20 iSSS,VVy DGrJbnseais
and flour equaled 10000 bushels. New
York reported nineteen loads taken for ex-
Corn experienced a good share of the
strength with which the markets opened.
Most Of the bulge WAS ybn e Sttrio n69 Vet to b the
vested. Light frosts were reported in sew
eral sections and very heavy frosts north
seemed to Indicate possible heavy damage
to corn before morning. This was some
thing. Of an early incentive to the bulls.
especially when considered with a decrease
Of 81, 100000 bushels In the prospective yield
as compared with August estimates. The
night, the cash demand was fair, cables
were firm and there was practically moth
Traders were principally engrossed, how
ever, In the consideration of that part OF
Ihe soVernment report wnieh STATED tna'
age year was estimated, yet this yield was
contingent wholly upon good weather, sc
With predictions for frosts over all the
west and northwest tonight the fairly lib
turn was soon onset and the close was
strong. september SOLD from 55Ac 10 a
close INC up at 59%c. December sold from
43hc to 4SAc and closed &c higher at 1850
45&c. Receipts were improving somewhat
at primary points. Locally today they
Oats sympathized with other grains and
ruled stronger. The influence was con.
tinued small receipts, a moderately bull,
lish government report when compared
with that Of August and weather condi.
lions. Offerings were light, grading was
poor and there. was gooss support on abe
buying side. The sentiment generally was
bullish. The fact that the estimated croI
is far In advance of the average years.
yield curtailed buying to some extent, yet
other conditions prevent a selling pressure
Trade was not large. December sold from
H%c to 31hq3l%c and closed firm, hdKt
up at 3lTc. Receipts were $50 cars.
Provisions were dull in comparison [,
the good trade In wheat and corn. Ther,
was a fair early demand on a firm hoI
market and prices advanced. Grains alst
helped In a slight upturn. but the inac
tivity of trade did not permit of grea
strength. January pork closed 2L015 uI
at $l5.OO0lb02h. January lard 10c higher n
FIJI and January ribs 7hG10c higher a
Estimated receipts for tomorrow: Wheat
20 cars; corn. ITO cars; oats, 2O5 cars; hogs
The leading futures ranged as follows;
ARff,V.a 1 49, 4 Nra-N