Omaha daily bee., 1908-07-09

CHICAGO GRAIN AND PROVISIONS
Features of the Trading aud Closing
prIceA on R2nrd of Trade

CHICAGO, July s.-Wheat prices on the
local exchange advanced sharply today, Ow-
ing to the bullish showing of the govern.
1lent report, At the close September de-
livery showed at net gain of MONO. Corn
gas a shade higher. oats were Nc lower
Provisions were Gkn6c lower to 2mc higher.
The government report, which was Issued
fifteen minutes before the close Of the ses-
sion, estimated the condition of the winter
month ago, and that of spring wheat SO,
against 50 last month. The amount Of
wheat still in farmers hands was esti
mated to be 33. 79I $50 bu., which Is 0,000,OO
bu. less than was in reserve the corre-
%sponpding time a year ago. The report was
more bullish than mad been generally anticl-
pated and prices on the local exchange ad-
Nanced rapidly after publication OF the
Official figures, until they were nearly 2
cents atOve the low point OF the day. The
l'arset opened weak, owing to general sell
4 Le.lerl- weather in this country for the
lew crop. This was followed toward mid
e.. = MID rally caused by reports Of
Cdua-e TO the crop in North Dakota. The
Lido, closed B,rong. September opened
U7oc owe. at S7haSi%c, sold off to S7Ac
aad then advanced 90 SJ1sc. The close was
a. SlsaSS4c. CIearances of wheat and
1.uUr were equal to 400 bu Primary re-
7teip ,s"w were 35g, 30 bu., compared with 49,
apoI!s, Duluth and Chicago reported re-
Ceip.s OF It's cars, against 1871 cars last
week and 20 cars one year ago.
The corn market was acuve and nervous.
i.e4e was liberal prufit-taklEg early in
tIe uny, owing to lower cables and more
tayul d. .c crop reports. Later the market
lali.u Oh active demand by Leading bulls,
lrtvs Advancing more than lc from the
DW pOln, OF the day. After the publication
o. tuG zuv"rnment report the market eased
OH lac It..Jrt was construed as bearish,
inasmIe. e.. II showed an Increased acre
aAe o.. 4,(tu,tO0 bu. and a gain Of &c per
Cent il Jytu4IlOn, compared with last years
crop Il. .as corresponding time. The mar
ket t,yseI Irregular, July being firm, Sep
temtt. -.,a-y and the new crop months
YEA .t,t lber opened hdAc to lzg& So
lower 4 .-,i2AC, advarced to 73hc and
ClCs,u - ,--l, Local receipts were 70 cars,
N4.. o. .OLtract grade,
Ua,, ,.. affected by the fluctuations OF
wu,a. 90 corn, although sentiment was
inl..-u 30 Je oearish. Improved prospects
lor g., a.w crop, due to recent rains, Were
lCs.,-.a.,.c for much Of the selling pressure
49,. .yvC.nment report showed a deteriora-
D. tiCa oil 80 per cent in the coLdition Of the
C.Og curing June. The market closed weak
S%eplentoer opened Aqsc lower at 40&q4lc
sold between l0h and 4lhc and closed al
ssisC, Local receipts were 50 cars.
Provisions were inclined to be weak be
cause Ok liberal realizing sales brought GU
hoEs. The market rallied late in the SEES
sion ul buying by shorts and closed steady
with september pork 2IAc higher at So, 721a
Lard was a shade lower at 50. 45q9.4Th
Ribs were 2I2a5c lower at IS. 75aS.77h.
EStimate ed receipts for tomorrow: Wheat
3 cars; corn. 10 cars; oats, SO cars; hogs
27.O0 head.
The leading futures ranged as follows: