Omaha daily bee., 1903-01-17
COMMERCIAL AND FINANCIAL
Trading Again Active and Strong on
: Board Of Trade.
CORN AND OATS, HOWEVER, co LOWER
wheat is Up and Provisions Easier,
May Pork and Lard and RIBS
Failing Few Cents on
Day.

CHICAGO. Jan. 16.-Trading was active
again in the grain pits today and wheat
ruled strong, May closing sc higher May
corn wac kc lower and oats were &c lower,
Provisions we're easier, May pork closing
l5c lower, while May lard was on 5uilac
and ribs down SC. .
the market at times exhibited considerable
excitement. In spite Of heavy liquidation
by locals and outsiders prices maintained
a higher level, although there was a slight
decline early on general selling, brought
On by the rumor that the leading long was
unloading his enormous holdings. Instead
Of disposing Of any long stun, however, the
leader of the bulls added still further to his
long line. which fact was mainly respon-
able for the strength in the situation. May
opened bghc to B4hc higher at 1SqlS1c,
but sold of to TAc easily, only to rally
ragain to 7Sd7S1sc. Renewed selling caused
another decline to 7l5ac, but a good export
demand resulted in a late bulge, and the
close was near the top, witt May sc higher
lat 78hM7SAc. The early strength was on
higher cables and reports Of unfavorable
weather in Argentine. Exports of wheat
and -four for the week, according 10 Bf raS
900 bushels last year. Clearances of wheat
land flour were equal to 332,OO bushels. Pri-
mary receipts were 10000 bushels, against
'4s9. 800 a year ago. Minneapolis and Duluth
reported receipts of 1888 cars, which with
local receipts of "a cars, made total re,
celpts for the three points Az cars, against
314 cars last week and 4S9 cars a year ago.
There was heavy realizing in corn
'thr0ushout the day ana the market gem gem
AAaAAN a Inn 49, 80
ton especially weak, although covering by
Efforts and a fair export demand brought
out a rally late in the day and part of the
early loss was regained. January, opened
unchanged to NC higher at 4Sas@4Shc, but
heavy selling caused a decided increase in
the cash offerings from the country, result
lng i'm a break to 46Ac, but a hrmer tone
developed later. the close being llsc lower
at 47hc. May ranged between 44c and 44rsc
and closed &c lower at 44hd4%c. Gables
were easier and Argentine advices very
bullish, a large crop being predicted. Local
receipts were small, PSI cars, with only
of contract grade.
Following a strong opening the oats mar
ket developed considerable weakness under
enormous realizing sales by commission
houses and local longs. Cash houses were
also large sellers, the increased offerings
from the country being an incentive. On
the close there was a hrmness, with part
of the loss regained. May-was &c lower
at 36kc, after selling between 35Ac and
36Ac. Local receipts were 1872 cars.
Provisions were duh and the market was
weaker, due to protit-taking botn on local
and outside account. The. opening was
firm on a strong hog market, and the
strength IN grains. May pork closed loo
lower ct SIC. 42h, May lard was off 507hc
at $9.5OQ9.521k, while ribs were &c lower at
S9.O5. =.
Estimated receipts tomorrow: Wheat, 4C
ears; corn, 305 cars; oats, 25 cars; hogs'
1000 head.
80 UA-a- 18th 1 T - 4 VI 4 AGH ~