Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-05-12
CHICAGO GRAIN AND PROVISIONS
Features of the Trading and Closing
Prices on Honr I'd of Trade.

CHICAGO. May r1.-Reports of damage to
the fall-sown crop by dry weather caused
strength today In the local wheat market.
At the close prices were at the. highest
point of the day, the July option being up
lssd1hc. a feature Of trading in corn was
ton. due 10 covering By shorts. That de-
livery closed at net gain Of 1ssc. July
corn vas up nc. oats showed a sain of
Sac. Provisions were 25zc TO TIC higher.
The wheat market was strong for the
greater part of the day but the strength
was much pronounced durlns the last halt
Of the session. Trading was more active
than for some time past, many outside
interests buying freely, At the opening pit
traders were bearishly inclined because
OF favorable weather conditions but the
market was held steady by small receipts
ia the northwest AS the session advanced
many reports were received Of damage to
the winter crop. The majority of these
reports came from St. Louis md Kansas
City and were accompanied by orders to
buy wheat Several OF the leading COM
mission houses were good buyers and this
started an active general demand, which
carried prices up over cent. Selling was
chiefly by longs. The market closed strong.
July opened n shade lower TO a shade higher
at 80mS0isc, sold at 79AdS0c and advanced
10 11s4SlAc. The close was at slisc. Clear
arces of wheat and flour were equal to
10000 bu. Primary receipts were $4,000
la against l0l eco bu. for the corresponding
day one year ago Minneapolis. Duluth and
Chicago reported receipts Of 13 cars,
against zS3 cars last week and 70 cars one
year ago
M dANdltt Oh -fAt III tie price VI may
corn was the feature of trading in that
@ntiOn. The sharp upturn was caused by
) 15rts. who were stirred to action by the
asll amount of corn available for delivery
on Mny contracts, Stocks of corn In this
market are unusually small and II IL said
practically all of the grain Is owned by
shippers who have either disposed OF the
grain IN the east or expect to do 30. now
that the lake strike Is ended. The movement
from the country IL very small, local arriV-
ais today being only 50 cars. OF which num-
her 10 cars were Of contract grade. Not
until the price Of May had been advanced
pOiut OF the day. was the demand OF the
most urgent bidders satisfied. On prOht-
taking the price dropped back to SC, where
&c closed nrm, final quotations showing a
net gain Of 19Sc Future deliveries were
strengthened by the advance In May and
closed strong. July opened unchanged 20
q shade lower ut 455sn46c 10 &c, sold be-
tween l57sc and i6lkc and closed at i6lkc
The strength of wheat and corn caused
much firmness I'm oats. There was a good
demand By shorts for May oats, but offer
fnlr buyers OF July. That option opened
unchanged at SAC, sold up to Sac and
closed at the top. Local receipts were 3
cars.
TRADING In the provisions pit was very
quiet, but the market had a firm under
tone because of a 5f17lkc advance In the
price OF live hogs. Al the close July pork
VAS up TIC az S1SS. Lard was up 2itc AZ
$3.50 Ribs were 2i4d5c higher at S6ps. 70
Estimated receipts for tomorrow: Wheat
Al cars; corn, Is cars; oats, 81 cars; hogs
The leading futures ranged as follows: