Omaha daily bee., 1905-10-31
CHICAGO GRAIN AND PROVISIONS
Features of the Trading and CIOsins
Prices on Board OF Trade.


CHICAGO, Oct. SO.-The Russian crisis
buoyed up prices today In the wheat mar
ket here, although a temporary sinking
spell on early profit-taking followed a sharp
break at Liverpool Closing prices for May
were up shade compared with final rs
ures Of saturday, The December option
shows a gain OF &c. Corn Is up &c. oats
and provisions are practically unchanged.
The wheat market opened weak on heavy
proht-taking and ON liberal short selllns
NC at 91a9l&c. December was down R4&c
at S9hqSgAc. At the start the market was
price OF wheat at Liverpool. Another
factor that had some effect was the wet
weather In the American southwest. where
rains were greatly needed to terminate the
fall sowD crop. Shorts took advantage Of
the opening weakness and covered freely,
forcing the price Of May up TO- gAo ,t and
resulted In another reaction, but prices held
above the lowest point touched on the open
ing transactions. II was soon evident that
market and picking up all offerings TINS
eventually started renewed proht-taking by
Of the earlier loss. cablegram from
Odessa stated that there was possibility
Of shipments from that port being stopped
tomorrow. AS a result the market during
the last half of the session continued
strong. For May the highest point OF the
vailced to eOlSc. The market closed strong
with May at @%d91Hc. Final quotations
on December were at 9O%c, Clearances OF
wheat and flour we're equal to 1900 BUSH
els. The amount on passage increased
1,704,000 bushels and the visible supply in
creased 1,1S000O bushels. worlds shipments
of last week were reported as l2l2s,COO
bushels compared with 10S56,0O0 bushels the
corresponding week year ago. The Rus
sian and Danubian share of this total was
| 5,776,000 bushels. Primary receipts were
| 900 bushels compared with LOS, 0OC
] bushels n year ago. Minneapolis Duluth
| and Chicago reported receipts Of 1,l41 cars
against LOS cars last week and l,20S cars
/ a year ago.
! The corn market was influenced largely
| by the situation in the wheat pit. Commits
sion houses were sellers early, but later
became active buyers Shorts covered
I freely late in the session, Local receipts
were considerably in excess of the amount
| estimated This had a bearish effect al
i the start. The market closed strong with
/ prices at the highest point of the day. De.
| cember opened 1sqAc lower at $40 1850
| Local receipts were 800 cars with "a cars OF
| contract grade.
Heavy liquidation caused weakness in the
| oats market early In the session. Lstei
the market responded to the strength oil
wheat steady to firm tone being mani
tested. There was no particular change
| in the grain situation, shipping and export
| demand still being urgent December
| opened hQ2sc to &c lower at 3lhc to 301BQ
/ 90Ac. advanced to SO1zc and closed at s0hc
Local receipts were 461 cars
Provisions were firm on an excellent ship
ping demand for lard. The rapidly decreas
ing stocks of lard formed the basis of the
demand for that product. AT the clos
January pork was unchanged at 81. As. LarC
and ribs were each up a shade at $6.S5 anC
| 1921, respectively.
Estimated receipts for tomorrow: Wheat
s47 cars; corn, 257 cars; oats, al cars; hogs
| 1900 head.
The leading futures ranged as follows:
/