Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1905-11-24
CarIOt Receipts.
CHICAGO GRAIN AND PROVISIONS
Features of the Trading and Closing
Prices ON Board OF Trade.

CHICAGO, Nov. 23-Reports of damage
TO the wheat crop in Argentina caused a
sharp rally in the market here today. The
May option closed at a net gain OF Jec ana
other grains were higher in sympathy. Corn
was up Nc, oats gained &c and provisions
WEI" TSe wbe sS ma srke %as strong through
out the entire day. The change from the
weakness OF the last three days was partly
reaction from the recent bearish sentiment,
but at the same time the news OF the day
was considered by traders TO amply justify
the persistent demand that carried prices
gram from Argentina was the principal
cause OF the strength shown. The message
mentioned damage by frost to the wheat
of the country, but placed the loss at 10
per cent instead of 10 per cent, as de-
clared in previous cablegrams. During the
night rain had fallen over large portion
Of the wheat growing section of the United
States, making the movement of the crop
more dlflcult. In addition large sales OF
cash wheat was reported in active demand
at all grain centers. Shorts and commits
throughout the day and the volume OF
trading was large. The market closed
strong at STAG, close TO the highest point
Of the day: May opened a shade to haSe
higher at S6hqS6lfc and advanced to S7isd
SHc; Final quotations were at SIsc
10 $4,000 bu. Primary receipts were l.0Oi,-
no bu, against a holiday last year Min
neapolis, Duluth and Chicago reported re-
celpts OF sos cars, compared with 1855 cars
During the first half hour Of trading TIRE
corn market was easy on general SELL g
The principal influence was bearish news
from Roumania. An official report of the
total corn crop OF that country placed the
yield. for this year at 64,0O0O00 blu. COM
pared with ~. 200. 900 bu last year. The ac-
ton OF the Roumanian government in re-
scinding the law prohibiting the eXporta
ton OF corn was another feature. Liberal
country acceptances. as reported In a mes
sage from Kansas City, furnished addition
al reason for selling, Strength OF wheat
however, soon brought out Increased de
mand for corn and a firm tone developed
Buying OF December by shorts was n fea.
ture. Part OF the demand resulted from re,
ports Of wet weather in many sections OF
the close. which was at &c, or &c below
the highest point OF the day MAY opened
hftLc to nc lower at sic to ASIkd43ssc
sold up 10 Aitc and closed at &c. Local
receipts were 800 cars. with five OF CON
tract grade.
The feature Of trading in the oats mar,
ket was liberal liquidation I'm the Decem,
Der delivery. The selling was inspired by
Early in the day the market was weak. a,
a Tetult Of this selling. Later. shorts Gov
cred freely on the strength OF other grant
and the market assumed a steadier tone
sold off TO slAc and closed at sec Ioca
receipts were 166 cars. Provisions Wer,
firm on moderate buying by local bulls
covering by shorts gave conspicuoul
price OF live hogs aided bullish sentiment
a the close May pork was up l5dl7Ikc a
sl2e2tQl2s5. Lard and ribs were each M
.llc. at S.O6aT07lS and t6sOds.s21a respect
Estimated receipts for tomorrow: Wheat
1900 head.
The leading futures ranged as follows;