Omaha daily bee., 1902-06-20
COMMERCIAL AND FINANCIAL
Corn Drops Into the Background and Wheat
Regains the Lead.
HOG PRODUCTS SHOW MARKED STRENGTH
Provisions Active and Close Fifteen
cents Advanced, hi Corn Falls
on, but wheat and oats
skit Up.

CHICAGO, June 19.-Corn. although fairly
active for an ordinary day, dropped BACK
into second place today and mapped whIe
reason not entirely. clear france needs
American wheat. Chicago sold direct TO
With the wet weather damage talk. July
wheat made a net gain of 1sdlc. July corn
Proyisions were Independently strong and
Wheat ruled uniformly strong through
out the session. At the start Paris cables
showed rapid advances, spot being as much
as GAG higher, while deferred futures
some IDEAL" on in Paris, but It must have
been Of great proportions, for II influenced
weather abroad was talked of and some
traders were OF the opinion thai Frenen
takes 100000 bushels weekly to supply
that country. This influence was abetted
by frmpess IL tSiysrRooii ro cables rS Mes
was rain In many parts of the winter
wheat country. Kansas. where. cutting Is
in the Yield, and that a considerable guam
tity Of the harvested wheat would not
fSis talk alarmed the shorts, who began
TO cover and started an. upturn, ana stop
orders were net On the S SdYsnce, 1 JHly
moanted to 7S4e. .Thie advance checked
srs asking premiums. Part Of the strength
ening influence was the report that rains
were eXpeCLe0 IN muCn OF the Wltdl CpuA-
try. Toward the close some Of the long
wheat came out for profits ana July dipped
q trile h cioss however, was s. strong;
contract; Minneapolis and Daluth reported
247 cars, a total for the three points of ga,
Prmary receipts were $4,000 bushels, com
pared to I6s,6O0 bushels last year, Sea-
The seaboard reported % loads taken for
export, Chicago sold 4 loads direct to
After some fair early strength shown in
belated. shorts to cover, this pit assumed
ing was still tense and at times there were
little excited hurries. Prices at such times
day wore on, however. it became apparent
that the bull leaders. were letting the mar
broke prices a little, and in the end the
market was some weaker, though as COM
pared with yesterday the trade was very
slow. July was naturally the active option.
September 1uctuated only NC. There was
some selling by commission houses, but in
mand also was light. July sold between CSC
and 65c, covered differences of sc several
hi i%s 3 and Isl s7os cars easy & e 20 t qSG a pr SSSSi
elevators made 100000 bushels of contract
oats were dull and worked over a range
of only NC. Crop reports were anything
but encouraging, receipts still showed a
cash situation was still strong. July opened
unchanged AZ. S9c and closed hQhc up al
pressure. Receipts. 112 cars.
Provisions showed good strength and fair
activity. Hogs were under the estimate
and commanded higher prices. The cash
demand was good, and although packers
were known to be manipulating prices II
was said they bought most of the stun Of
fered, because they sold literally of cash
stuff. Stocks in Chicago are estimated al
1900 tierces increase In lard and 10000 0
pounds increase in ribs. July pork sold al
S17.S0 and closed loo up at $17.75; July lard
closed l21z@15c up at $l035, and July rib
15c higher at $l0.62h.
ESTIMATED receipts tomorrow: Wheat, 81
cars; corn, 255 cars; oats, 16O cars; hogs
1900 head.