Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1905-07-26
CHICAGO GRAIN AND PROVISIONS
Features of the Trading and Closing
Prices on Rnnrh Of Trade.

NNAtNh On hOmru OF IEnues
CHICAGO. July 25-Connicfihg reports
as to the amount Of damage by black rust
caused a see-saw market in wheat here
today, The close was weak, with septem-
oats show a loss OF %aAc. Provisions
are unchanged TO nc higher.
nervousness pervaded the wheat pit
throughout the entire session. At the start,
the market was decidedly weak, initial
quotations on September being down lhc to
&c, at S69sqo63sc. Conditions In the north
west constitute the chief source of weak
ness The weather throughout the
Dakotas and Minnesota was still OF a
KIND TO minimize the danger Of the spread
OF black rust, clear skies prevailing gen
erally over that section. Another reason
opening was found in liberal arrivals of
new wheat at Chicago. Out Of 467 cars
received here today, 456 were from this
year crop. Toward the end of the first
hour sentiment changed, the tone of the
market becoming decidedly bullish. The
cause was information contained in num-
erous advices from Minneapolis regarding
damage by rust. on active covering by
shorts the price OF September was forced
up to SS9sc. While the buying enthusiasm
was at its height, fresh factor of bearlsh
portend became available. This was the
weekly report Of the weather bureau com
mentlnB on the condition Of spring sown
wheat. The report claimed that although
black rust had been discovered in scat
tered localities in Minnesota and the
Dakotas no material damage has thus far
resulted Renewed weakness followed this
announcement, many of the earlier buyers
closed weak, with prices near the lowest
point reported. Final quotations on Sep
TENDER were at S65q87c. Clearances of
wheat and flour were equal to 1880 bu.
The worlds visible supply as shown by
Bradstreets, decreased 100000 bu Pri-
mary receipts were ,OO5,OO0 bu., compared
with $4,000 bu a year ago. Minneapolis,
Duluth and Chicago reported receipts Of
669 cars, against 1856 cars last week and
400 cars year ago,
Early in the session sentiment in the
corn pit was somewhat bullish as result
Of smaller receipts than estimated. Cash
houses were fairly active buyers. Later
the market became rather weak on sell
ing brought out by a bearish report made
by the weather bureau. The close was
easy, with prices practically at the lowest
point. September opened unchanged TO
&c higher, at 5lAQ54%c, sold between
542sc and 54Ac and closed a, 543sa541RC.
Local receipts were 472 cars with 81 cars of
contract grade.
Heavy liquidation caused weakness in
liberal sellers probably against country
purchasers. Crop reports were bearish.
The market closed weak September
opened &c lower, at 299sc, sold between
2s7sd29c and 2917q293sc and closed at the
lowest point Local receipts were N6
cars.
Provisions were easy in the session owing
to apprehension concerning yellow fever
in the south. Later the market become
firmer on buying of pork by a local packer.
An advance Of 1Oc in the price of live
hogs aided the upturn in provisions. At
the close September pork was up TIC, at
1910 Lard was 219q5c higher, at S.2h.
Ribs were unchanged, at $IS5a7S71R.
Estimate receipts for tomorrow: Wheat,
20S cars; corn, 24O cars; oats, 1OS cars; hogs,
1900 head.
The leading futures ranged as follows: