Omaha daily bee., 1905-10-27
CHICAGO GRAIN AND PROVISIONS
Features of the Trading and Closing
nrLccn m nnn-h ~ nrnh.-

Prices on Board of Trade.
CHICAGO. oct. e.-Threatened total
paralysis OF railroad trafic in Russia
caused a sensational advance here today
In the price OF wheat At the highest point
OF the session the price Of the May option
showed gain Of 2%c compared with yester-
days final quotation. December was up
INC. The market closed at practically the
top figures of the day. Coarse grain shared
in the bullish enthusiasm December corn
finishing sc up and oats nc. Provisions
are up a shade to &C.
With the markets OF Europe all agitated
over the critical situation In Russia the
wheat market bsre opened amid marked
excitement Clzmorous covering by shorts
was simultaneous with a big investment
demand. The result was an unusual
buying demonstration. An advance of
1dlhc in the price of wheat at Liverpool
formed the immediate cause of the opening
furore Offerings at first were exceedingly
meager and consequently initial quotations
showed radical gains. the May option being
up sc to 1h61hc at S9lhc to 90d901bc. De-
cember was up Nc to NC at sshc to ss1tc.
For a time trading was at almost white
heat. Under cover OF the excitement there
was heavy selling of the December option
by leading long. There was also liberal
selling by commission houses. This ar
rested temporarily the bullish trend Of the
market and caused some reaction in prices
December declining to Sc. The price Of
the May delivery. however, did not recede
opening. Cable advices from Europe re-
garding the situation in Russia. were ex-
tremely pessimistic. dispatch from
Odessa stated that loading OF grain at that
port had become exceedingly difficult owing
TO labor disturbances and that the market
was greatly excited. This information
started fresh buying. many of the early
sellers being anxious to reinstate lines.
Much of the later demand was for the May
| delivery. As result the premium tor
May over December advanced to over &c
| as against 1hc yesterday. In addition to
the foreign situation the domestic news
was also quite favorable to the bulls. Min
| neapolls reported that receipts of wheat
from the country we're very light. The
! price of cash wheat at all leading grain
| centers showed a decided advance. De-
| rnRnd for flour In the northwest was excel
| lent Excitement in the pit continued un-
| abated througout the session. Increased
| demand within the last half hour of trad
/ ing caused a fresh upward squirt in prices.
May advanced to s1stc and December to
| s91so. The close was strong with Anal quo
! tations on May at 91hd91Nc. December
closed at Sshc. Clearances Of wheat and
! -four were equal to $4,000 bu. Primary
| receipts were 1,245000 bu., compared with
! $4,000 Blu. a year ago, Minneapolis, Du,
/ luth and Chicago reported receipts OF '1s4
! cars against 1888 cars last week and 576 cars
a year ago.
The corn market was active and strong
| Reason for the sharp upturn in wheat was
| equally good for more moderate advance
in the price OF the yellow cereal. Early In
| the session there was an active demand
| On the bulge there was considerable profit
taking, which resulted in some reaction
| Later the market gained fresh strength
from isolated reports of poor returns from
huskings The close was strong with prices
at the highest point OF the day. December
opened nc to &c higher at 4sc to 4ehc
sold between 45%c and 46asc and closed al
the top. Local receipts were 100 cars Will
| &c cars OF contract grade.
| Sentiment in the oats market was bulltst
and the volume OF trading was large. The
main incentive to the active demand was
| the strike situation in Russia. Export
demand was reported brisk. The market
closed at almost the highest point OF the
day. December opened ho higher at soc
sold up to 3O%c and closed at Bose. boca
receipts were 304 cars.
Provisions were a trihe easier durinl
the early part Of the session, but steadlel
tone developed later In the day: A de
cline of &c to 10c In the price of live hogi
had a depressing effect early Strength
OF grain. however, offset this influence
At the close January pork was up 21Rq5'
at S12. 40o112.421h. Lard showed a gain o.
2lf05c at $3.50. Ribs were shade highe
at $3.50
Estimated receipts for tomorrow: Wheat
10 cars; corn. 127 cars; oats, 224 cars hogs
% 900 head.
The leading futures ranged as follows: