Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1905-11-01
CHICAGO GRAIN AND PROVISIONS
Features of the Trading and CIOsing
Prices on board OF Trade.

CHICAGO. oct. g.-Prospectlve peace in
Russia was today the chief influence IN
the wheat market here. AS a result OF
the pacific outlook prices in the wheat
market had a downward tendency. At the
close the May option was of &c and De.
Cember down Ac. Corn shows a gain OF
lie. '' " ' ~ '''1 - v '''''''7 ~
The wheat market was decidedly weak
at the start, Initial quotations on May
being off Sd&c to ld1itc at 9OAc to Else.
December was down ssc TO 1hc at S9hc TO
sac. Sentiment in the pit was extremely
bearish and a general selling movement was
In evidence. For a time demand was very
light, Advices regarding the situation in
Russia formed the principal cause OF the
initial weakness. Likelihood that the ueup
OF the Russia railroads resulting from po-
lltical disturbances would soon be broken
gave promise Of continued expectation OF
grain from that country. A decline OF 1d
lad in the price of wheat at Liverpool
gave added force 70 the bearish dispatches,
Wet weather in the winter wheat section OF
the United States dispelled fear OF damage
by drouth to the newly sown crop and
gave additional reason for selling.
After trading was we'll under way the
market was steadied temporarily by active
support from a leading bull. Toward the
noon hour however fresh selling caused
This selling was stimulated somewhat by
a large increase in the worlds visible sup
ply, Bradstreet's showing an increase OF
10000 bu. during the previous week. COM
pared with only 3,691OOO bu. increase in
the corresponding week year ago. For
May me lowest point OF TIE Day oS was
Much Of the loss was subsequently re-
gained on covering by shorts and on buy
steady with Nav at s5Idsie. Final Quota ts
tons on December were $3.50. Clearances
OF wheat and flour were equal TO 100000
bu. Primary receipts were 1,451, coo bu., as
against 1O41,oOO a year ago. Minneapolis,
Duluth and Chicago reported receipts of
1852 cars as against l,O7e last week and
Early In the session the corn market was
quite weak, in sympathy with the break
in wheat. Later the market became firm
on active general demand. A feature of
trading was liberal purchases of the May
delivery by prominent bull. Gables were
steady and cash and export demands were
reported of an urgent character. Numerous
reports continued to come In telling of
small returns from huskings The market
closed firm with prices at about the highest
point of~the day. December opened kdkc
lower at 45&945lkc to 45%c, sold between
| 45Ad45ssc and 46Ac and closed at 461sc
Local receipts were 2e5 cars, with 30 of
The oats market showed a tendency to
| follow the movements OF the corn market
| Sentiment was quite bearish at the start
| but later a irmer tone developed Lead.
| ing longs added materially to their holdings
and cash houses also bought freely. The
| &c lower at 30Itc, sold up to 3O3sc and
| closed at 3Oasc. Local receipts were 334 cars
Influenced by the break in wheat tn,
provisions market was a trifie easier. There
were some wild fluctuations in the price
| of October pork and ribs on final settle,
ments. shorts in ribs being compelled tC
| pay $3.50 advance at the close. October
| pork ranged between S15.05 and 1850, clos
| ing 40c barrel under yesterday There
| was little new investment buying OF the
| January product, pending the final outcome
| of the windup of the october delivery. A
! the close January pork was of 50p7ikc a.
| S12S7hM12,40 40. Lard and ribs were each
| down PIC at S6.S2ik and $780, respectively.
Estimated receipts for tomorrow: Wheat
| l4O cars; corn, III cars; oats, 2S7 cars; hogs
| $500 head.
The leading futures ranged as follows: