Omaha daily bee., 1902-08-13
COMMERCIAL AND FINANCIAL
Bullish Sentiment in Dull Market Boosts
Prices - Coed Gains.
TRADERS IGNORE GtAslsH INFLUENCES
Sellers scarce ana Brisk Demand to
secure Proats sends EverythiBg
Up-Provisions Irregular, but
Prices Held Up.


CHICAGO, Aug. 12.-Today was a dull
one In both grain and provisions and every
thing went up. The. government crop re-
port which was q dlsappointment % tne
were frightened and covered freely In
everything. Sellers were scarce IA wheat
brisk demand to secure prohts,. especially
In corn, sent wheat up &c and corn adj
vanced 2hc. A the close September wheat
was lEdfkc up. September corn INC higher
and September oats lqlhc advanced. Pro-
visions closed unchanged TO &c higher.
fear on the part of the bears that put
through a heavy business in the wheat PIT.
The general impression prevailed that the
end Of the bear campaign had come yes
terday, and. strangely enough, the low
no aovernmsnt renorf tisuaiiv a Govern
ment report Is followed by depression. The
case was different today; Whereas the
Of about 75O.OO0,O00 bushels had gained Gre
dence the government suggested only &c.
report a bullish Inspection and sent higher
quotations, and the northwest had lighter
vwsessstRserr was god IgSdip ordi nsry neeennditioonnss
were as bearish as before the receipt OF the
report; Coarse grains, however, also had
buying for the support Of September was
80 vigorous that shorts bid prices up hur-
riedly. New York and st. Louis we're In
the market heavily on the buying side and
there was . good commission house de-
m msHo sh S we're Iiebt seabo SS9Ye ele 5ns cull
although sixty boatloads were taken for
export at seaboard points and 5oo,0oO sold
slightly bearish incentive and resulted in a
much stronger .upturn. There were several
but the close was hear TOP figures. Grad,
ing shows but little Improvement, and the
local contract stocks are fast disappearing,
Sic 10 s7Ec, sold to 6sisc and closed very
strong, 1&9fAc higher at CSC. Local re-
Minneapolis and Duluth reported iS2 cars
making a total for the three points of 622
S esos' P PElalnSs Is shss w were f aas SS' s a SeiSr
compared with $4,000 bushels last year.
seaboaro clsaranees in wheat and flour
Corn showed much strength, partly be-
cause the government report showed 1 per
c. nj reduction since July 1, but principally
who secured handsome profits. Most OF the
1qslns nsus wss ~ rs September es .r The sI market
ceiIt is and the strength IN wheat. Cables
were lower, due to liberal American, orer-
ENelsRer with good crop newS' 10 cause Slight
breaks in the advance. Commission houses
corn traders Ignored hgures, cables and the
generally good weather and bulled the
cereal on ssnt.ment The trade was fuli %
from those pressed on. the short side. Con-
ssryative traders said conditions for the
as low as 5Ofc and jumped to 62xc. CLOSING
strong lasc up at b2hc. Receipts were only
There was no influential buying in oats.
but prices responded quickly to the bullish
eentsment I'm the other pits. Provision
houses bought fairly and prominent bulls
were taking May. The. strength In corn
fsmber sold from a. ii Sa,ac "a >ss
firm. INC up at oO9Sokc. Receipts were
$40 cars.
Provisions were irregular. Heavy cover
ing ~. the distant months and an absence
OF selling pressure worked against lower
prices for hogs. The demand was not
heavy. but buying orders came In in sum-
Gent quantities to put good strength into
the market. Several reactions occurred,
but the grain strength held prices up. SEN
tember pork closed SOC up at 1880, Septem-
ribs al 22Hc up at $3.50.
Estimated receipts for tomorrow. What
22,0N Head ~
The leading futures ranged az follows: