Omaha daily bee., 1907-05-12
CHICAGO GRAIN AND PROVISIONS
Features of the Trading. and CIOsin'
Prices on Board of Trade.

Prices on Board of Trade.
CHICAGO. May 1.-THE wheat market to-
day was highly excited and exceedin a,,,s
options, making a total advance OF ABOUT
CO since the close of Thursday. The busl.
ness on the exchange was IN Tin, Ine a neSV tSs
wires OF brokers were SO busy throushout
the day carrying orders that they had little
time for the transmission of news. AT the
close July was up 31taShc. Corn was llso
higher. Oats were up A4Ac. PROVISIONS
were 10c to 3215c higher.
From all appearances the country at large
was OF the opinion that the crop OF winter
wheat will be this year far short OF that
of 1906. Before the opening OF the market
orders to buy were stacked up In the brok-
ers' ofiices and from the first sound OF the
gong until the close of the session there
was q constant rush Of buying orders
Local traders were inclined to sell, but the
country outside of Chicago. encouraged with
the rise of the last week, bought wheat
constantly. At times there were slight re-
cessions in the upward movement of prices
on heavy realizing sales. At one time the
market was forced back &c, but the et-
forts Of the shorts and local traders We're
OF no avail against the flood OF buying or
ders that came from all parts OF the coun-
try. The market started up again and
closed strong and near the hlgh Market
with the buying demand apparently still
unsatished. The specific causes OF the
strength shown in todays market were a
strong market at Liverpool, the continued
cold weather in the west ana northwest
OF this country, which, It is believed, will
seriously damage the winter wheat crop,
and sensational advices from Canada.
10 per cent of the estimated total amount
OF seeding has been done in Manitoba.
Cash wheat at st. Louis and Kansas City
advanced Ease and the prices Of grain at
various continental markets were also re-
ported as on the rise. Just before the
close free predictions were made by en-
thusastio bulls that the price of July wheat
win pass 81. July wheat opened shade to
AdMc higher at S84s4S9c, sold between
$40 and e1Ac and closed strong and
active at 9lssQ91%c Primary receipts were
tG6.O00 bu., against $4,000 by. for the same
day last year. Minneapolis, Duluth and
Chicago reported receipts OF 695 cars
against so cars last week and 1862 cars a
year ago.
The corn market was strong and active
oil day Local receipts were small. but the
chief bullish factor was the strength OF
wheat, which carried all other grain with
II, Efforts were made at times by bears
setbaeks were only slight and lasted bui
brief time. The market closed strong and
with an excellent demand. July corr
opened 1s0ikc higher at 50skc TO 50Ac, sold
between 50Sc and $3.50 and closed 1hC
higher at Disc, the high point for the day
Local receipts were 2a cars, with 40 carr
The oats market was strong and activ,
and followed the lead of wheat The gov
eminent crop report issued yesterday wa,
taken by many traders to indicate thai
the crop by June ! will show a deterioration
from the condition on May / and much a
The buying was based upon misbelief Tired
northwest was also strengthening factor
July oats opened Mal4c to %d1Ec higher a
t3Hc TO t4c, sold between 43%c and AS,
and closed &0Jte higher at 4fssc Iocs
receipts were 223 cars
The boom in the grain markets was re
nccted I'm provisions and prices advances
throughout the day, with pork very strong
The market for live hogs was SC highe
and there was excellent buying by outsider
for Investment. July pork closed S2is
higher at Sl7Ogik. Ribs were up iOc q
$50. Lard was 12ikGl5c higher at So S7ik
Estimated receipts for Monday: Wheat
~ cars; corn, 261 cars oats 243 cars: hogs
81. 900 head
The leading futures ranged as follows,