Omaha daily bee., 1903-01-08
COMMERCIAL AND FINANCIAL
Only Moderate Business Mark Proceedings
on Board Of Trade,
PRICES GO SLIGHTLY UP ON ALL LINES
oats Alone Are Active. Though Light
Receipts of Hogs Aid Provisions,
and January Corn sells
Freely Early in Day.

CHICAGO, Jan. There was only a
moderate volume Of business on the Board
Of Trade today. but prices were well main
tained, May wheat ciosing &c higher May
were up hc. May provisions closed from
21hd5c to lOc higher.
Wheat ruled rather quiet and an easier
feeling was manifested shortly after the
opening. Influenced by favorable weather
and reports OF good harvesting weather ia
Argentine. The buying OF about 10000
bushels by a prominent long brought about
a rally and was the cause OF considerable
covering by shorts. Toward the close a
strong feeling developed on reports of 3O.-
900 bushels OF cash wheat being loaded for
shipment. with 10000 bushels more ordered
out of elevators, and the market held well
the remainder of the session. A small eX-
port business and a light cash defnand
were depressing factors. May opened un-
changed to a shade lower at 75Ac to 75Nsd
75hc and ranged between 7Oibc and 75Ac,
closing Nc higher at 751z9I5Ac.. Clear
ances of wheat and flour were small, being
only 1876 600 bushels. Primary receipts were
10000 bushels, against 5000 bushels a
year ago. Minneapolis and Duluth re-
ported receipts OF $50 cars, which, with
local receipts of 46 cars-with only one OF
contract ~grade-made total receipts ror the
three points of 46 cars, against 97 cars
last week and 40 cars a year ago.
Corn was easier aside from the action OF
the January option, which was liquidated
quite freely early in the day, but other
wise there was little of interest in the
trading. January was up N44sc at the
opening, initial sales being made at Asa
4fNc, but on heavy liquidation by the prin-
opal holder, who was afraid the high price
would turn too much corn to this market,
there was a break to 46%c. Covering by
shorts, however, caused a rally and the
close was unchanged at 47c. NAY closed
a shade higher at 1850, after Belling he
tween 4Ssd43hc and 43%c. A good cash
demand both here and abroad was a
strengthening influence. Poor grading was
also a bull factor, 500 cars being received
here, with none of contract grade.
Oats we're fairly active and the feeling
ma anVanuFhnH ArWnar The 1aaAHn1 love-
vas credited with taking on a credit line.
The weather was rather unfavorsble for
the movement and was e sustaining fea-
ture. The close was firm with May iC
higher at 43Bc, after ranging between 335s
qS4c and 341kc. Local receipts were 15C
cars.
Provisions were strong at the start on
lighter receipts of hogs and high prices al
the yards, and with the exception Of a
little decline early in the day, due to liqui-
dalton. the market ruled strong. A good
demand for May pork and ribs with light
offerings was the main bull factor, although
packers were inclined to support the mar.
ket, being fair buyers of all products. The
close was firm, with May pork 10c higher
at S6l2h; May lard was Up 21a65c al
s945q947h. while ribs were nc higher al
1915.
Estimated receipts for tomorrow: Wheat;
s. cars; corn, S5 cars; oats, 165 cars; hogs
1900 head.
The leading futures ranged as follows: