Omaha daily bee., 1902-08-27
COMMERCIAL and FINANCIAL
Bull Influence sucoumbs 10 Bearsh Bls-
ments and General Trend IL Lower.
CORN RETREATS AFTER EARLY UPTURN
wheat Trade Dull and weakness Fol-
lows Initial Firmness I'm Oats
HOG Products Are Fairly
Active.

CHICAGO, Aug. 26.-All markets had a
downward trend today. Fine weather IN
the northwest, where the spring wheat
world prices, and the possibility of in
creased movement, worked the edge on OF
EEnest; Sorn se ems ~ 70 snsroity for near
contracts. Good crop reports did the rest
and sympathy Influenced down-turns IN
was &dhc lower, September corn NC. on
and September oats &c down. Provisions
closed nc up to &c down:
Trade In wheat was a dull, tagging anair
for some time. There we're occasional
spurts Of activity, but in general the trad
ers simply allowed prices to slip away
western markets. There had been falr
weather In the spring country for twenty
tinuation of the favorable conditions. Ca
bles were Indifferent, weather being nne
both in England and France and the spot
demand was disappointing. Cool weather
In the northwest, together with poor grad
ing here and lighter receipts OF wheat
probably was the reason why. there was
no heavy selling pressure In wheat. Cash
stun northwest was as much as 1hc lower
and the demand was slow. Minneapolis and
Duluth were not getting much wheat. put
there were prospects of an increased move
ment. September here started a shade TO
M6Mc lower at 72%d72hc and slowly fell
Sf to n acsl G IeseIsts W %eFe Ege ser lOw one 81
contract grade, and Minneapolis and Duluth
reported 22 cars, making a total for the
three DOlulH Oh fDJ CARS dE1lilb va AooA
week and I,o3s a year ago. Primary re-
ceipts were 1,193, 900 bu., compared to 1.23l,OO0
q year ago. Seaboard ~clearances In wheat
and -four equalled 10000 bu. The worlds
visible supply decreased 1,9O6, 900 bu.
There was a limited demand early for
September corn, on the influence Of higher
cables and poor local grading. Stocks were
falling of. Rains also retarded the matur,
ing corn. These factors started a little bull
movement early and September corn once
more sold at Soc. The pit. however, soon
took on a heavy aspect. In the enthusiasm
during the last bull turn II seemed that
too much stun had been taken on. Holders
weakened from their bullish position and
on the wheat break let go Of stun. The
high price deferred shorts from covering
freely and prices broke. September was
erratic. Fluctuations were rather wide
September eventually sold down TO 51NC
ceipt were 80 cars, six Of contract grade.
Oats showed a little frmness at the start
with corn, but at once on fan
offerings. Cash business of late has beer
slow because of the inferiority Of arrivals
Receipts were big, at 63 cars. although
only eighteen cars were contract. There
were rains In some of the oat fields, blu
conditions northwest were very favorable
Commission houses had selling orders and
professionals scalped on the bear side
Provisions were only fairly active and
were somewhat irregular, Hogs were com
manding much highe prices and there wa
some support. Lard was in good demand
Pork and ribs, however, were sold freelI
on the bulge and slumped. September porl
closed &c down at N6.S7h. September lar
nc up at 1905 and September ribs DO OF
at S1015.
Fstlmated REGENTS for tomorrow. Wheat
200 cars: corn, 20 cars; oats, $50 cars; hogs
1900 head.
The leading futures ranged as follows;