Omaha daily bee., 1907-05-01
CarIOt Receipts.
CHICAGO GRAIN AND PROVISIONS
Features of the Trading and Closing
Prices on board of Trade.

CHICAGO, April 3O.-wheat declined
uofe than lc bushel today because OF
eral rains in Kansas and other parts Of
the winter wheat belt. Part of the loss
Awas regained on, covering by shorts, the
C0fn was on aWsaS oats were up isGpac.
Prcsiei9ns were a shaoa TO PIC lower.
.htavy seliins pressure during the greater
IIrt OF the day. sentiment in the pit being
Z, tremoly bearish unUl late in the day,
There was quite general unloading OF long
wheat both by local ana outside holders,
while commission houses and pit traders
also sold freely. The selling was the re-
suit chiefly Of the complete breakup Of the
prolonged drouth in the southwest. Other
factors which helped to depress prices were
lower cables, absence OF any fresh reports
Of damage by green bugs and an increase Of
10000 bushels in the worlds visible sup
ply, compared with a decrease Of 4,015.00
bushels the same time a year ago The
Kansas IAport, which at first was generally
construed as quite bullish, was later taken
W bv the bears as another means OF
forclnB prices 20 lower level. This re-
port gave "a as the condition OF winter
Wneae, against 80 as estimated by the
gov ernment experts The seemingly great
etapdrtty In figures was accounted for on
60 theory that the state report was based
@ Stati-tics secured much later than those
compiled by the government and after the
crop mad been subjected to the blighting
effects Of the drouth, which was now at
an end. The selling was less urgent during
the last half hour Of trading and prices
made a talr recovery The close was fairly
steady. July opened unchanged 70 nc
lower at S2gS2Ac, sold on to SIC and closed
at Sl1sq6lSsc. Clearances Of wheat and
flour were equal to 500 bushels. Primary
receipts were 594 900 bushels, against 459 900
bushels for the same time a year ago
Minneapolis Duluth and Chicago reported
receipts Of $40 cars, against - cars last
week and 20 cars year ago.
The corn market was weak on active SELL
ing by longs and commission houses. The
break In wheat prices was the chief de-
pressing influence The market closed easy
July opened unchanged 10 sc higher at
ls!sq6ss, sold on to 49lS049ltc and closed at
4s7sg4ylEc. Local receipts were 20 cars,
with 81 OF contract grade.
For the greater part OF the day the oats
tember delivery. OF which there was brisk
selling by northwestern interests. These
wcee based on more favorable weather for
seeding operations. Active covering by
shorts caused a moderate rally late in the
day, the market closing quite firm; July
opened unchanged TO &c higher at 4lMd42c
sold on 10 4lbkc and then advanced to 42lk
q42Ac, closing at 42q42ise Local receipts
were 81 cara
Trading in provisions was characterized
by free liquidation on the part OF holders
all possibility OF having to accept the cash
product on deliveries tomorrow. This had
weakening influence on the market In
general At the close July pork was on
PIC at $3.50. Lard was down gIhc az
S12h. Ribs were a shade lower at IS 67lk
Estimated receipts for tomorrow: Wheat
~ cars; corn, l0l cars; oats, 123 cars; hogs
Sl,O0o head.
rhe leading futures ranged as follows: