Omaha daily bee., 1902-07-02
COMMERCIAL AND FINANCIAL
Record Smashing Spurts Break Loose in
: July Deliveries.
WHEAT AND CORN MAKE EXCITING TOUR
Oats Active Though Closing Lower,
while Provisions Are Dull but Abb
sOrb Gains-wet Weather II
Bulls Prop.

CHICAGO, July 1.-The grain markets
after giving early indications OF quieuns,
broke rr loose again rhs JI 1G4S Se,i Snq S'J guly corn aaT
touched 7sc, howip certain indications
that the bull crowd means to carry me
closed lMqIAc higher, September wheat
A05bc up, July corn lhc higher ana sep
TENDER corn nc over: July oats shovel
was I've improved. Provisions were dull
and closed 1a7hc higher.
came a as at at the close yesterday. During
the next two hours shorts bid the mar
ket steadily up to 75%c. There was reason
ON July contracts nearly the whole 2.50),Coo
bushels went to Harris, Gates & Co.. which
firm is credited with having about l5,OVyVO
bushels OF corn deliverably this month. The
contract stocks are only 3,OOO,OO. I'm TINS
bulge the bulls let out some corn unoer
which July backed down to 1412c. Here
another frantic endeavor to cover at. this
concession sent the price within five min
more stun and at the close the market
was unsettled, with July lHc higher at i4c.
September options advanced on the weather
SIC, but was sold heavily by the July
manlpulators and others and closed 4sc
down at 62Ac. Receipts were 2T9 cars.
Wheat traders, like those in corn, seemed
TO take a more cheerful view OF the crop
situation early, but later in the day the
rain where anything but moisture is
wanted, reawakened the excitement of yos-
Nerday and prices promptly went On u
record-breaAin tour July from 7t5sa75c
advanced from 1850 TO l5%c. 1t was a. big
crowd OF shorts which did the bidding, lead
by st. Louis interests. which were cred
tied with buying close to 100000 bushels
of the July, and about 100000 September.
On the bulge, however. realizing sales were
made in heavy quantities and both July
and September receded, the former, how
ever, closing 1bq1Ac higher at $3.50 and
the latter %6hc up at H4sq74&c. Primary
receipts aggregated $1,000 bushels, against
10000 bushels the corresponding day a
year ago. Local receipts were 81 cars. 10
OF contract grade; Minneapolis and Duluth
reported 2s5 cars. making a total for the
2s4 last week and ga a year ago: Sea
board clearances were 276,000 bushels. The
worlds visible, according to Bradstreets re-
port, decreased 600 bushels.
In oats there was nothing like the trade
of yesterday, yet the market was an ac-
corn market. No one was particularly
prominent in the trade, but generally the
Eountry seemed to be doing the buying
while local operators sold. The corn In
5iuence and the Weather were the factors
In the advance which marked the fore
noon. With the selling In other pits oats
also receded. July sold between 47%c and
Soc and closed &c lower at 4SAc. Septem-
Der ranged between 34%c and 37hc, closing
NC improved at 3512c.
Provisions were dull, but steady, in sym.
pathy with corn and higher hog prices
September pork closed &c higher at 1855
September lard 7k610c up at $10.72k anC
September ribs unchanged at S1067h.
Estimated receipts tomorrow: Wheat. q
cars; corn, 100 cars; pats, 15 cars; hogs
1900 head.
The leading futures ranged as follows: