Omaha daily bee., 1902-06-04
COMMERCIAL AND FINANCIAL
Bears Take a Turn at the Bat on the
Chicago Board Of Trade
CROP PROSPECTS SHADE THE PRICES
Excellent Growing Weather and Good
eports from the Farms Cause
slump in Figures All
NTls Along the Line.

CHICAGO. June 3.-Bulls in the, grain
pits lost today all the gain they maue yes
terday. Under a sPenn m{s ofS esrly har-
Vests in the southwest and forelgn Weak
ness, bears took control again. AFTER ar
on wheat and corn and july, wheat Glossy
Ed7sc lower, July corn lgl1Sc down and
July oats unchanged. ProVlslohs close"
Unchanged to &c higher.
At one time wheat gave promise OF a
good bulge. Liverpool cables were weaK,
Of the wheat fields and the weather was
ali that could be expected. This caused
Rn oP of bay TgsNgg july started an upturn.
'Tailers" came in on the buying side, as
did commlssion houses, and July, "n adl
vanced to 72hc. Part of this strength was
given through the decrease of b,4ll,gD Dust
els in the worlds visible supply. ms
price. however, could not withstand the
Constant selling pressure that was brought
to bear from the southwest and the north5
west. Early crop talk Influenced the crowd
TO change sentiment and soon everything
was on the down turn. july igMHIPseCc
down. at uA471Ssc. Local receipts were
81 cars, 3 of contract grade. Mlnneapolls
total for the three points of l5S cars,
against 126 last week and 4g1 a year ago:
6s5shelsy' compared Gg9piR1sd With 4si, 200 bushels last
year. Seaboard ~clearances In wheat and
-four equaled $4,000 bushels
Corn ruled weak all day. Cables were
rather firm, but the foreign markets were
dull and affected by the early drop in
wheat and heavy receipts Of 54 cars. July
corn opened .%Qhc, to 1sdhc lower at 62g
62hc. The big bull interests were buying
for a time, but succeeded only In steady
Ing the decline. Offerings were not ex-
cesstve, but there was a constant pres
sure on the bulls. Primary receipts were
very liberal, at 1,O4S,O0O bushels. Crop re-
ports were excellent and although the
country movement was not markedly in
creased the recent acceptances and heavy
receipts caused cash houses to reduce their
bids, which, together with a poor cash
and export demand and reports of excel
lent fodder growth, induced slumps. July
Slid down to 6lhc, after having sold az
62&c, and closed weak, 1Q1lsc lower, at
6lsse. Estimates of only 200 cars for to-
morrow did not steady the market.
Oats were stronger than the other grains
today, but were dull and featureless, as
far as trading was concerned. Receipts
were not so large as of late, but there were
fewer cars of contract in the 21 received
today. This steadled the early weak feel
ing Induced by the depression in wheat
, and corn. The late weakness In the other
' grains took off a small advance that was
caused by some small buying and July
closed unchanged at 36Ac.
Provisions showed strength after a weak
opening. Hogs were Arm at the yards, In
Rpite of the teamsters' strike, and heavy
reductions In ribs stocks induced good buy
ing. Lard and pork stocks were increased
somewhat and caused free offerings at the
opening, but support, continued good for
some time. July pork sold to $3.50, and
unchanged at S10.25, and July ribs SC up al
$9s7k.
Estimated receipts for tomorrow: Wheat
10 cars; corn, 200 cars; oats, 80 cars; hogs
"a. 900 head.
The leading futures ranged as follows: