Omaha daily bee., 1902-03-15
COMMERCIAL AND FINANCIAL
Corn Is PrsdOminating Grain and May
Closes Higher.
MAY WHEAT AND OATS CLOSE DOWN
Bulls Force Corn Up and wheat Feels
Corn strength at First, but Re-
Iapses with Favorable
Statistical Reports.

CHICAGO. March H.-Corn strength
dominated grains for the greater part OF
the session today. There w we're o easI1
eirciex retarded for some time the looked
o ofGse df Mag w sha i' Sas R SSko nr down, May
corn %a15c higher and May oats &c lower.
Provisions closed a shade lower to DC
local bulls took corn in hand shortly
after the opening and easily forced prices
Went home last night with short lines, ex-
pecting a further decline today on yes
remsYkabIy steady. There was fear Of a
general spread OF the cold wave In the
northwest and a leading bull started IN
Feeding demand west was good and the
west had nothing to sell. Kansas City. was
Sesterday. Receipts here were very light,
and shorts in order to get out, of their
tight place had to bid up for the scarce
improved, New England was buying and
the southwest was still bullish. The buy,
i pssoDI here TS waS se soHH; 11' for a time was
mixed, but eventually sided with the bulls.
The break in wheat had nothing but a
changed to No up at 61hG62bc, advanced
TO 62M962%c, eased momentarily but closed
firm, %gho higher, at e2hG62%c. Receipts
Wheat at one time during the session
felt enough Of the corn strength and the
/ OtAOW LEEO WGaAANA ga NAC w - "
lQuire n firm tone and sell above yesterdays
closing price. After the slump of. yester-
day the cables had a very steady tone.
Commission houses were executing fair
buying orders early; shorts became uneasy
and covered. The Illinois crop report, In
dicating a condition of rs, compared TO
90 in April a veal ago. was not considered
bullishly, as the authorities stated there
the roots seemed strong and the plant in
good color. The market was fairly active
and showed a fair amount of strength up
a. nAan Tha aHQnnnfh nf nnaFaa grains
aided materially in the situation, but later
when statistical journals announced the
heavy selling set in. st. Louis and the
crowd were very bearish and prices sur
fered a serious relapse. May, which
75Sc and sold up to 75tc, dropped quickly
TO a weak close, Nd%c lower at 74sc. Lo-
contract grade. Minneapolis and Duluth
reported 20 cars, making a total for the
three points OF 2S cars, against ZS iast
week and 4l6 a year ago. Primary receipts
bushels a year ago. seaboard c~learances
The seaboard reported thirty-fve loads
taken for export.
Oats were duh and ruled fairly steady.
The cash business was reported somewhat
improved and the corn strength aided
toward better prices. The late break in
decline. Gossip has it that the leading
bull professional, who has been credited
With holding almost, 100000 bushels OF
holdings to July. Traders were predicting
that the later option would go even higher
than May has been selling at. Today MAJ
was dealt in very sparingiy. opening lower,
selling to Acc, and closing &c down at
45%c. Receipts were seventy-two cars.
Provisions early were lower, In SYM
patty with a lower hog market. Similar
fair buying was done through brokers for
packers, but the late trade was dull. For
a time prices advanced well. but the close
was steady. May pork closed SC higher at
SIS as, May lard a shade lower at 5000
9.42 and May ribs unchanged at S.40dS. 1914.
Estimated receipts for tomorrow: Wheat,
30 cars; corn, IS cars; oats. e5 cars; hogs,
$4,000 head.
The leading futures ranged as follows: