Omaha daily bee., 1905-11-18

Features of the Trading und ClOsing
Prices on BOARD II Trade.

CHICAGO. Nov. 17.-Heavy liquidation
BY prominent holders today caused a break
in me wheat s market here OF over ie Per
lowest point Of the day, with the May OPP
ton showing a net loss OF 1s9Ac. Corn
was down sc. Oats were unchanged. Pro-
visions were 25kd1Oc lower.
Weakness In the wheat market developed
toward the end Of the first hour. Early in
the session the sentiment was bullish and
moderate gains were recorded; AT the
opening the May option was unchanged TO
&c higher at SS14QosAc. On active demand
from commission houses and local snorts
the price quickly rose to S9tc. The buy
Ing was largely the result Of the strength
shown In the price bf wheat at European
. gram centers. all the foreign markets be-
ing somewhat over the prices Of yester-
the continuance of disturbed conditions in
Russia apparently formed the basis OF the
strength abroad. Small receipts In the
market. On the other hand there was
less urgent demand for cash wheat at
Of its premium over the December option
Near the end OF the first hour the market
showed signs OF weakness. Prices broke
bulls. Rumors credited one house with
sales of over Loo, 600 bushels Of May wheat.
Almost Immediately there was a general
The decline brought out numerous stop
| loss orders in the commission houses, ex-
/ the decline. For May the lowest point OF
\ the day was reached at 875S4S7Ac The
/ market exhibited but slight recuperatiVe
power during the last hour Of trading, the
continent combining decidedly bearish.
The close was weak, with prices near the
lowest point of the day. Clearances of
4 wheat and -four were equal to i94 500 bush
els Exports of the week as shown by
Bradstreets were equal to 4.IS0,200 bushels.
| Primary receipts were 10000 bushels,
against 1,049000 bushels a year ago. Minnie
apolis, Duluth and Chicago reported re-
ceipts of S14 cars. against 1,O31 cars last
week and $50 cars year ago
The slump In wheat caused profit taking
In corn, resulting in a considerable decline
in values. Early in the day the market
was Arm on renewed buying Of the De
cember option by shorts. Clear weather
and prospects of increased local receipts
were additional bearish influences. The
market closed weak; May opened a shade
70 h4Lc higher at B%d45Ikc, sold up e
45ssq45%c and then dropped TO Akc Final
quotations were at 445sc. Local receipts
were 494 cars, with 10 OF contract grade
Notwithstanding the break In wheat and
corn the oats market closed steady. Ar
improved demand from shippers was ths
reason for the comparative firmness. There
cline In wheat, but offerings were readily
absorbed by commission houses and casl
interests; May opened unchanged to
shade higher at 321sc to 321aQ329sc, sold be
tween 32Ac and 32&c and closed at 321kc
Local receipts were 1888 cars.
PROVISIONS were firm early In the session
The cause for this was the fair demani
created by the orders of a local packer
Weakness of grain caused some liquidation
ana IN consequence an easier tone devel
oped. May pork closed 1Oc lower at $12. 721.
} Lard was OF 21kc at 800. Ribs were dow
21sc at 1915.
Estimated receipts for tomorrow: Wheat
10 carsi corn. 1854 cars; oats, 1872 cars
hogs, 1900 head.
The leading futures ranged as follows: