Omaha daily bee., 1902-07-25
COMMERCIAL AND FINANCIAL
July Oats Makes a Spectacular jump to a
Record Price.
REACH SEVENTY MARK AND HOLD IT
July Corn Touches same Figure, but
other Cereals Drop on I'm an
Apathetic Market-PrOvisiOns
stride Upward.

. CHICAGO, July H.-There were fancy
prices again I'm July oats and July corn
TO relieve the monotony OF a grain session
otherwise dull. The former jumped 60 10
a new record price, zoe. The latter sold at
zoe, but did not hold It's strength. The STU
alton In grains was very unsatisfactory 10
the trade at large, owing to the congestion
in ali July options. Fluctuations were mar
row in deferred futures and aside from the
fair weather, the beariss influence ,i ina!
September-Decembe wheat spreads; sep
tember wheat closed haSc down, ,septem-
Der corn 1sQHc lower and September pats
&c lower. July oats gained &c. Provisions
closed 2Od22hc higher.
The cause OF the upturn In oats was the
binding of shorts for several tens ana
the reluctance Of traders to sell what they
did not have. Receipts were light at lS
cars. Fair weather and good crop reports
Influenced an early easy. feeling, but the
Jump to zoe for July aided prices Of de-
ferred futures for q time. Traders were
very much dissatisfied with the SITUATION
of the pit. on all hands went up the wall
OF too much manipulation. Trade has failcn
of greatly in the last few weeks. Specula-
tors are either fearful Of the big fellows
or are apathetic. In oats business was very
light. Traders pointed to other pits, espec-
Tally to corn, and remarked that the small
crowd OF traders Indicated the feelng since
the corner by the Gates crowd. They said
the spectacle of oats and corn prices on a
level killed trade. The public was out OF
the market. The mar who seems TO oomm t,d
at zoe but the price closed strong, &c up,
at that figure. September worried uneasily
between 34tsc and Sis4c and closed easy
Cor inued good weather, heavy receipts
and scattering liquidation depressed wheat.
TrAde was only In fair proportions and IN
mis- pit as in others complaints were made
of manipulation. There still continued q
very light run of contract stun In the ar
rivals, which tended TO restrict short sell
ing. The crowd bought freely for a time
of September. but large interests unstrad.
died from a September-December spread
and cold Gaptaunhpr freely To all who
wanted II. Cables were indifferent, and In
the lack of any, sharp business prices
to %ahc lower at 79hc to 72K@7s%c, dipped
weak, hGsxc lower at 72Sa72Ec. Local re-
grade; Minneapolis and Duluth reported
l1e1. cars. making a total for the three
points of ss cars, against 81 last week and
100000 bu.. against 10000 bu. last year.
iSeaboard clearances in wheat and -four
.equaled 3G 900 bu. The seaboard reported
10 loads taken for export.
Corn was dull and inanimate most OF the
day. The fact that July was bid up TO zoe
by a few shorts had almost no effect on
other futures. There was no disposition to
sell, yet, buying was not good. The pit
seems almost deserted since the bottom
July seemed to indicate that the Gates
deal was not yet dead. Gables were higher.
prices showed a slight decline in most OPP
items. July was unchanged at &c at the
close. September sold between eoNc and
l61kc and closed easy M@Ac down at 61hc.
Provisions had good support. were some
what active and made very good advances.
prices at the yards. Shorts covered to
Some extent. but the principal cause for
the advance lay in the purchases by pack
lers to hold UP the pit. Liquidation by
lorgs had little effect on the advance.
September pork closed zoe up at n7.bS, Sep
TENDER lard 22hc higher at 5000 and Sep.
TENDER ribs 22tc up at S1055.
Estimated receipts for tomorrow: Wheat,
25 cars; corn, 1876 cars; oats, 140 cars; hogs
1900 head,
The leading futures ranged as follows;