Omaha daily bee., 1902-02-28
COMMERCIAL AND FINANCIAL
Corn Strength Dominates Grain Speculation
Throughout the Day.
HOLDS FIRM AND sTtAOIEs Other GRAINS
wheat Had only Corn Bulge 60 Sup
mort IL Against Besrish Tendon
~zcies-oats slightly Higher
Provisions Active.

CHICAGO, Feb. 27.-Corn strength was
the dominating strength in grain specula-
non today, and working against depress-
and oats, and itself held Arm. May wheat
closed hdhc down, May corn &c hlBner
and May oats a shade higher. ProVislons
closed 5d7lkc to 10c higher.
Corn trade started out somewhat better
thar at yesterdays close, Influenced oy
nrm liable cables .,os Inc ssr,S er snS an ne easier FEELING
was manifest for a time. The local selling
was Offset by a fair commission house DE-
mand. the southwest buying Literally. sna
professionals later came In the market
with bull intentions. As prices advanced
shorts were forced to cover ana q sS %a
again took a lead In futures over THIS
market. There were claims that cash bust
n these T msrk ketss di On much to help bull senti-
ment here. Predictions of storms In the
southwest also was a bull factor: May
e eRsadio to pSSS"s ana then jumped 70 sstsc.
Late In the day pro1t-tahng caused a loss
Of much of the strength thougR MAY
were much lighter than estimated, at lib
cars.
Il in a struggle against numerous bearish
tendencies. Gables started slightly higher,
but at no time reflected yesterdays local
strength. Northwestern and primary re-
ceipts were increased and the crowd took
the selling side. There were reassuring
reports q crop c Sa that h ef eem neS5
AAAG AAAoA ~ ~ 49,
for the grain in store. Under the influence
May opened h@hc to iAq3sc lower at 7essc
20 76Nc and eased to 76hc. Then the corn
Influence began to help, the outsiders
bought and manifested a desire TO play
the market. The predictions of the cold
weather also induced some buying. May
sold up to TIC, but the late liquidation in
corn started the local crowd, who had been
the best sellers, to hammering the market
again and prices slid of. May closed weak,
kdkc lower, at 1870. Receipts were ~
cars, two of contract grade, and Mime
apolis and Duluth reported 5S3 cars, a total
for the three points OF $40 cars, against
292 last week and 32 a year go. Primary
receipts were $4,000 bu., compared to $1,000
and hour equaled 1890 bu The seaboard
reported 10 loads taken for export.
Commission houses took hold of oats
early and bid the price of May to. Hc.. There
was fair buying on the strength OF corn,
which exerted some influence, but near the
close May was offered more freely and the
strength was lost. Western offerings were
rather light. Local receipts were small.
Provision people were the best sellers. May
Receipts were 80 cars.
Provisions were fairly active and main
tanned a good strength all during the ses-
sion. The start was slightly lower, In
huenced by heavy receipts at the yards
and consequent lower prices for hogs
Covering on the grain advance and some
small buying advanced all provisions and
10c higher at $3.50 and May ribs 5q71sc up
at $S.35dS.37k.
Estimated receipts for tomorrow: Wheat,
20 cars; corn, 100 cars; oats, 80 cars; hogs
5000 head.
The leading futures ranged as follows;