Omaha daily bee., 1905-08-11
Features Of the Trading and Closing
Prlcea on nnn I'd Of Trade.

CHICAGO, Aug. l0-Ofheiai confirmation
that damage to spring sowu wheat is COM
parativeiy slight weakened prices IN the
wheat pit here today At the close wheat
for September delivery was down 1d1ihc
Corn and oats are almost unchanged. Pro-
visions are unchanged to TIC lower.
Weakness in the wheat market followed
the Issuance Of the monthly report by the
Preceding the publication Of the official
statistics, the market was quite steady.
The opening for the September option was
on moderate demand from commission
houses, the price advanced to sac The
relative frmness was due partly to de-
creased movement Of wheat in the SOUTH
Kansas ty were 23c0 bushels agalnS
424,Dv bushels year ago. Another lniu-
euce sustaining the market was hot. damp
weather In the northwest a condition con-
ducive 70 the development OF black rust.
When the condition OF spring sOwu wheat
was ANNOUNCED, the figures were found
to be several points higher than had been
S9.2 as against 81 on July 1. Using sixteen
bushels as the yield and figuring the
acreage at l76l7OO6, the total yield OF spring
wheat would be In the neighborhood OF
$1,000 900 bushels. Regarding winter wheat,
, the government statistics indicated a yield
OF $4,000 bushels, making a total whole
els The bearish tone Of the report started
active selling by pit traders and commis-
sion houses As n result prices broke Sc
verely September declining to sl%aS1Ac.
subsequently the market regained por-
uOn OF the loss on covering Dy snOTlS, out
the close was weak. with September at
SIC. Clearances OF wheat and -four were
equal TO 5000 bushels. Primary recetpts
were $4,000 bushels compared with $4,000
bushels a year ago. Minneapolis, Duluth
and Chicago reported receipts of 400 cars
against 1862 cars last week and 24S cars
Notwithstanding the break in wheat
prices the corn market held steady the
entire session. The reason for the COM
parativey firm undertone was an active
demand from commission houses. Fresh
reports from Illinois of damage owing to
lack of rain formed the Incentive for buy
ing The government report had little ef-
tect. The condition OF corn as officially
reported was 50 as compared with s73 July
approximately 25l5O00,0O0 bushels. The
market closed steady at almost precisely
yesterdays final quotations. September
opened shade higher at 53Ssc, sold be-
tween 531ec and 5S% G535sc and closed at
$3.50 Local receipts were 14l cars, with 81
of contract grade.
The oats market was firm early on -7~ly
demand from commission houses. Later
sentiment became somewhat bearish us
result Of the government report placing
mating the total yield at SS0,0OO 900 bushels.
The market closed easy with prices at the
lowest point September opened unchanged
TO bc higher at 26% 6261sC ranged between
26SN121e and closed at 26ssc. Local receipts
Provisions lacked support from packers
and in consequence the market was a trite
easier. Small holders were moderate sell
ers. At the close September pork was off
TIC at Sl4.121f. Lard was unchanged at
$40. Ribs were off 2lko at $SS7lh.
Estimated receipts for tomorrow: Wheat,
2SO cars; corn, l6S cars; oats, 44s cars; hogs,
1000 head.
The leading futures ranged as follows: