Omaha daily bee., 1902-08-02
COMMERCIAL AND FINANCIAL
Prices in All Grains Strengthen, Despite
Fair Weather and BsariSh Gables.
BEST BUSINESS EXPERIENCED IN CORN
wheat Displays Firm Tone, but Oats
Lapse Into DuIlness Though Close
f. Advanced-ProvisiOn
values Descend

CHICAGO, Aug. LIN spite Of the bear
fsh influence OF lower cables, line weather
and generally good receipts except IN corn,
was small and interest after the marked
strain during July was waning. But a
healthy reaction from the recent steady
decline set in and prices in general rallied
well. September wheat closed BQhc ~,
September corn 1kc higher and September
oats 1kc advanced; provisions closed 50fzc
business was best in corn. There were
something OF a falling on In receipts, quite
in contrast with the other pits, and as a
result there was a good premium for cash
stun over the near futures. There was a
little covering by shorts, but offerings were
light ali day and restricted trading. There
was nothing conspicuous to business and
in the main the crowd seemed to be resting
after the troublous times of last month.
Good weather and promises OF a bumper
crop, with corn selling In Kentucky at 2oc,
had no eject on prices. September opened
on commission house buying to 66hc and
closed strong, INC up, at S6hc. Receipts
Wheat was inclined toward weakness only
momentarily at the opening on weak cables,
large receipts and good weather. Fair COW
ering and local buying, Influenced largely
by the strength Of coarse grains, started 9
good upturn from the long-contnued
elumps and prices made good net gains.
At large, for offerings were not free at any
time. Crop advtces. were generally favor
able. The export demand was slow and
2nAA WIZ viz AAAL Ohk VA ANAgN - W
loads were reported worked at the sea-
board. September started hdhc lower to
= shade up at 6e%Q6s%c, advanced to 7O%c
and closed firm, MONO up, at zoe. Local
receipts were 25 carr, Z OF contract grade.
Minneapolis and Duluth reported 26 cars,
making a total for the three points of
Gil, against 47 last week and AL a, year
ago. Primary receipts were 1.076,00 bu.,
compared to $4,000 last year. Seaboard
clearances In wheat and flour equlled t66,OO0
blu. Argentine Shipments were 1900 bu.
against 126,OO0 last year.
Oats lapsed into dullness after the ex-
element of yesterdays finale. The cash
demand for oats improved very much and
OF the b250,O00 bu. left yesterday in the bull
leaders hands over 5000 bu. were con-
tracted for shipment today. This gave
strength to the futures, shorts covered on
the early low prices, and these influences,
working against fine weather, pushed up
prices in spite OF dullness. September ad-
Nanced from b11hc to a firm close, Nc up at
32kc. Receipts were 100 cars.
Provisions were unsettled. There was
weakness early on a weak hog situation,
and later liquidation further depressed the
market. Some support by packers turned
early sellers to buyers and part of the loss
was regained. September pork closed weak,
TIC down, at 1851 70; September lard 5QT1kc
lower at sl0;7714 and September ribs TIC
lower at &10.27h.
Estimated receipts for tomorrow: Wheat.
26O cars; corn, IS cars; bats, ITO cars; hogs,
5000 head.
The leading futures ranged as follows.