Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1907-05-15

Features of the Trading and CLOSING
Prices ON Board OF Trade.


Prices ON Board OF Trade.
CHICAGO May 1A-IThe bull campaign in
wheat was temporarily checked today by
enormous realizing sales. which forced
prices down about &c from the high point
of the day. Nearly all OF this loss how
ever. was subsequently regained on re-
ing strong with the July delivery unchanged
compared With yesterdays final quotations.
The September and December options were
each %0S1c lower than yesterdays close.
July corn was on h0Ac Oats were down
,fhc and provisions fI14d2Oc lower.
\ The wheat market opened amid intense
excitement, and. for brief period, II looked
as II the market might develop into a run
Initial quotations on the leading options
ranged All the way from &c lower % I9sc
very shorf time. however. It became evident
that the climax Of the small advance had
been reached and that. temporarily at least
prices would tend to seek lower level
This was made plain by a decline OF lQ3o
within the hrst half hour OF trading. due
sooSed Hf tSs pit Ter nsht many Gre Commits s
sion houses had sent out messages to all
Of their eust,osners advising them 70 set
pfices slumped on during the first few min
utes clearly indicated that country speou-
ing LI6uidat~. was exceedingly heavy
all day. but. despite this liberal selling,
prices several times made fair rallies be-
those Spectators who still believe that
this oouutrys crop would be insufficient TO
for the probable requirements OF European
nations. Much OF today's selling was based
az LIverpooi. but the larger part came
from these who thought that the market
had been over ooushI Gold We.Ather
tory, but rain and snow In Nebraska and
Kansas gave inspiration TO sellers. An ad-
Minneapolis curb was partly responsible for
the higher price here at the opening. The
market made a sharp advance during the
~ dffaan minutes aunther o1Tbffrgt Nyr
the bulls. which was due TO some extent
20 report that heavy snowstorms were
strong with nearly all the loss regained.
July wheat opened 11qssc TO 194g1Fsc higher
Is and closed az SSas5%c- September
opened &c lower TO &c higher at s7isqesl4c.
sold of 70 sSF1sSs~o -i ad faaI again %
sssto. sold al 500 and then declined to siic s
sncss Of wheat ana hour we're equal to SO.
600 bu Primary receipts were $1,000 bu.,
e9mPsrsa Win S9sl 90 ne sIS cay
shown By Bradstreet's decreased 5000 bu
Minneapolis. Duluth and Chicago reported
receipts Of 6& cars, against 59i cars last
week and 20 cars a year ago.
The corn market was affected BY the
of the day sentiment IN the pit was bearish
The eKciteaeEt In the wheat pit drew away
many operators who usually deal IN corn
ard. on thEg account, the total volume OF
bsla9ns@s Was rather small Prices at the
atart ppere ,iJmeWhat higher IN sympathy
with HGeae cut realizing sales soon carried
rr8nss doWA about 1c from the high point
81 the az the close being easy. July
opened I shade TO AGAc higher at 52lz z
0l&G sdld on 20 sac and closed al 5ZEc
Local receipts were 2A cars. with a carr
OF contract grade.
Oats prices Ia the initial transactions Werl
higher along with wheat, but they weak
ened later on heavy selling for profits
Weather conditions were reported as bein1
more favorable for the growing crop ant
several optimistic reports were recfivet
from points IN Iowa and Illinois. The de
mand at the sample tables was slow and
the price Of cash grain was on nc. JULY
opened A0fsc higher at sc, sud on % 49,
and closed az 44sQtilae- Local receipt
we're $50 cars
Provisions we're weakened by active sell
ing OF lard and ribs By a leading Ioca
packer. Increased receipts Of 1--we hogs a
the principal packing eenters were givei
as the one reason for the selling pressure
The weaker tone Of grain acted also as
Dearieh factor. At the close July pork wa
down soc az ti66A Lard showed a net los,
q LAo at p.szA RIBS were on re a
Estimated receipts for tomorrow. wheat
y . cars; corn. - cars: oats. 81 cars; hogs
} Ths leading futures ranged as follows;