Omaha daily bee., 1903-05-03
Omaha Branch 11O-I1I board of Trade
Building.

CHICAGO. May 2-wHEAT-The hrs.
setback TO the 1873 crop has been recoriy q
this week, caused by a freezing spet eN
tending as far south as Missouri, and some
reports say even through Ok ahOma me
plant In most sections Is not lar enoush
cold lasted only part Of one nignt We In
cline TO the opinion that the damage mas
not been material II ls important nov
Spectator may look for in the way OF
scares before the crop is harvested.
that one can ask, but harvest Is a l9ng Tim.
of and IT is well TO be on the lookout or
just such contingencies as this cold sna
Daily clearances have averaged large an
there has been a normal domestic COZ
sumption in spite OF the threats Of me
northwestern millers to close down.
hand 70 mouth" method OF filling imme-
diate requirements Is fore ng them 10 come
to the American counter for wheat In con-
Toward the close Of the week there has
been an increased movement from the
northwest, with the evident view of having
IL here In case OF a repetition of last Sep
TENDERS operations by the party In cop. Tol
OF the May option. There Is no other in
ducement to move II to this market while
the mills there are using wheat on such a
The price Of September wheat looks hi h
In view of the almost perfect outlook Of h
new crop. and we think II a safe sale above
CoRN-The east has come to the front
AAAA9 WE&h aAAa 1pA6AA A1A61 -
corn. This is the first business of any pio
portions since the failure OF the crop OF
1900, and now that corn has started thToug
its old channels again there is some llk H.
hood of the drain on local stocks that has
been predicted so often.
with the Improvement in the cash situa.
ton and with a continuance Of the snip
ments out of store here, we expect to see :
thorough cleaning up Of local stocks, anc
then an inducement In the shape OF an i'm
/ proved price 70 invite the holders of the re-
serves to replenish the supply.
| OATS-lf the action OF the near future
Of this grain has been a severe dlsappoint
ment to the bulls they have not evincet
their disappointment by loosenlng up.
While the interest in May outs may no
be a large one at the same time IL Is IL
proportion TO the stocks, and with propel
handling may prove successful.
The cash situation shows 10 change. At
tentlon aside from the May ~operatiJn.
seems centered In the new crop outlook.
Our adVtces on this are to the effect tina
while operations are some later than usua
and the area possibly smaller that the out
oats are not high-prlced and nothi1i
short of a record-breaking crop would seen
to us to warrant any special bearishne s.
PROV1SlONS-Hogs increased in receipt
and the result was quite a loss In prices.
Provisions followed suit end the declin
was helped by the foreign spectators, VIII
The situation is unsettled, although afte
such a remarkable drop in lard and rib
prices ought to improve. still the feeling i
that prices will not be very high for som
on sharp advances is the safest way t
operate. Packing last week, t95 ,00) hea
hogs, against 1886, COO last year. Estimate
of stocks in store as compared with Il
week and week before: April SO-Pork, -,
500 bills; lard, 1880 %tierces: ribs, 1900 oil
lbs. April 23-Pork, 20,15O bbls. lard, 1900
t%ierces: ribs, 100000 lbs. March Sl-Pors
| lbs. WEARE GRAIN COMPANY.