Omaha daily bee., 1905-11-15
CHICAGO GRAIN AND PROVISIONS
Features Of the Trading and Closing
PrIcca on Rnn I'd of Trade.

CHICAGO Nov. 1.-THE wheat market
TODAY showed a complete reversal OF teel-
ing from yesterday. II was bullsh through-
out the entire session today and twenty
four hours ago the sentiment was IN favor
Of a decline. Cold, wet weather IN A sI,t,i
ing TO the strong market today. AZ the
close prices were practically AT inc hlsnSst
point Of the day with May option up N4
Nc Corn and oats were each up sc. Pro-
visions were 5dlOc lower.
Initial quotations in the wheat market
showed fair gains, the May option being
up AdAc to &C at sSl.c to SshnSssc. The
market at the opening was Influenced
pool, the weakness OF yesterday at chicago
having apparently little effect on the Eng
lish market According 70 foreign statis-
tician the advance at Liverpool was the
result OF reports from Argentina to the
effect that much damage had been wrought
to the wheat crops In the northern districts
| by rains followed by frost There was
| seemingly less uneasiness here over the
/ money situation in New York. This lack
of anxiety was generally attributed to the
| fact that the majority OF the weak holders
| had disposed Of their lines In the general
| liquidation OF the last few days As the
| session advanced reports Of improved buy-
| Ing OF foreign demand gave impetus to the
| upward tendency Of prices. AT New YORK
| twenty boat loads were reported taken for
/ export while a similar amount was said TO
| have been shipped from Duluth to Great
| Britain. Strength of cash wheat at Mime
| apolis resulting from an urgent demand
| from millers was a further incentive to the
purchase of options. Another bullish iniu-
| ence was the comparatively small increase
| in the worlds visible supply. AS shown
by Bradstreets, available stocks increase
only about 100000 bushels for the week,
compared with an increase Of 100000
| year. The liberal primary movements In
the United states was apparently ignored.
| Throughout the day shorts and commission
houses were active bidders offerings at
times were light. At SsStaSS}ac May reached
the highest point of the day. Final quota.
lions were at SS1sc. Clearances of wheat
and -four were equal to Ssl 900 bushels. Pri-
mary receipts were 10000 bushels, com
pared with 9O4. 900 bushels year ago
Minneapolis. Duluth and Chicago reported
receipts OF l,5S cars. against 752 cars last
year.
the day. A feature of trading was the per
sistent buying by a prominent commission
one of the leading sellers. Shorts also were
active buyers. bulllsh factor was a mes
sage from Kansas declaring that feeders
were advancing their bids for corn almos
daily. Export demand showed more ANNA
ton and this increased the bullish senti
ment. The market closed strong, ma
quotations being almost at the highest pon
of the day. May opened isphc higher a
45ka 45esc, sold up to 451Ra45Ssc and CLOSED
at 45hc. Local receipts were 399 cars will
five cars OF contract grade
The volume OF trading in oats was small
but the market held firm in sympathy will
the strength OF wheat and corn. Small loca
| receipts, estimated for tomorrow, had
bullish influence. Fair export demand wa
also a factor IN May opened UNCHANGED t
, and closed at 329sc. Local receipts wer
| 272 cars.
| Provisions were weak as a result of con
I tinued selling of lard by local packers
? Shorts were the chief buyers. A decline o
lOc in the price of live hogs had a depress
3 ing effect on the price of all other products
, At the close May pork was down lOc a
Sl26Ih; lard was of sc at S6.971h; ribs wer
, TIC lower at S6.72lk
Estimated receipts for tomorrow: Wheat
las cars; corn, 30 cars; oats, los cars; hogs
1900 head.
The leading futures ranged as follows: