Omaha daily bee., 1903-04-28
COMMERCIAL AND FINANCIAL
Lever Prices Prevail on All Board Of Trade
Products During Day,
WHEAT IS ERRATIc, MAY CLOSING HIGHER
Corn, oats and Provisions All Drop
Slightly After Heavy sales and
Generally Active Bust
ness In Pits.

CHICAGO, April 27.--Lower prices pre-
vailed on the Board OF Trade today. but
wheat rallied late in the day and closed
KGIc. May and July corn were down
Sc, May oats were of &c and July hqSc
lower. Provisions were weak, the July
Tower.
Trading in wheat was fairly active and
prices were rather erratic. High Liverpool
cables caused strong opening, May Delng
Ad3sc higher at 09sq71hc, with July hg
Ac to 4sc higher, at IN to 12Hd12Ac. Plt
traders who had sold short over Sunday
were good buyers at the start and with
limited offerings the market quickly ad-
vanced. May selling up to 7I%c ana July
eeipts were more liberal and with improved
conditions this was general commission
house selling on the advance. which soon soon
caused a reaction. Large worlds ship,
ments were also against the market and
at times the selling pressure was quite pro-
nounced, prices breaking sharply under this
to 72c. moderate visible supply probably
broke the supposed leading caused rally
later in the day, the market becoming hrm;
Closing prices showed a gain for May OF
Nc at INC, and July was up bdhc at
721sc. The amount on passage increased
712'oOO bu., while the Visible supply showed
wheat and -four were equal to 10000 bu.
Primary receipts were 469, 200 bu., against
Duluth reported receipts of 2S6 cars, which,
with local receipts of 40 cars, none Of con-
tract grade, made total receipts for the
three points of 326 cars against 22S cars last
week and 25S cars year ago.
Trading in corn was active, but the
greater part of the business was for local
account. The market was strong at the
opening on higher Liverpool cables, with
provisions interests disposed TO support
prices. May was especially strong and ad-
vanced to 45%c. after opening at 45h045fsc.
Later the rumor was circulated that big
long was unloading and this started
4, selling movement among smaller holders,
which was helped along by the improved
weather, resulting in a severe break May
selling off 442c and July to 45c. The mar
ket was steady late in the day and May
closed &c lower at Az. with July &c lower,
at 45hc. Local receipts were IS cars, two
of contract grade.
Heavy liquidation Of May oats by longs
resulted In a sharp break in May and July
and stop-loss orders coming out on the
decline added to the weakness. The bet
ter weather, increased receipts and small
cash demand were responsible for the sell
ing movement. Closing prices were near
the bottom, May being &c lower at S37sc.
May selling between 33G3Shc and S3kc. July
closed AGsc lower at 31A@3lhc, after
ranging between 31hd31hc and Slss6S1%c.
Local receipts were 143 cars.
Provisions were weak at the opening, due
to liberal receipts OF hogs and lower prices
at the yards, which caused free offerings
at the start. Packers bought moderately
support with closing prices steady. July
pork being l219c lower, at $1I35; July lard
12zGl5c lower, at $3.50. and ribs down 100
l2kc, at 1855.
Estimated receipts for tomorrow: Wheat
IS cars; corn, 2S0 cars; oats, 29O cars; hogs.
900 head.
The leading futures ranged as follows: