Omaha daily bee., 1902-07-18
COMMERCIAL AND FINANCIAL
After Erratic Antics July Corn Closes Weak
and Lower.
SEPTEMBER CEREALS ADVANCE IN LINE
wheat ana Oats Rule strong ON
scarcity of offerings I'm Face Of
BuIiish News-PrOvisions
Drop on.

CHICAGO, July 17.-Corn held the center
of the speculative stage throughout TO-DAY
dealings and t the Su lead 4pdd dean conditions
were remarkably bearish In the c9arse.
grain, but support by the pull CROWD tnat
iSSnsS that the bull interest had
abandoned July gave the market gooe
against them and made good advances Ior
this reason, aided to some extent py tne
corn impp3vemssa nntember corn i1c up, Sep
fember wheat sc higher and september
oats Nc higher. Provisions closed iHqlz1hc
The trade in the corn pit was all at seat
al the opening Of business because OF the
made by the bulls openly at 671fo and as a
result the shorts began TO gossip over INC
possibility that the tale OF the broken cor pOa-
soueeze was IN store for them. At once a
demand arose in both July and September
an opening %@Isc higher at e6Ge71sc scared
to 6ec. About this time the crowd came TO
She c 1p tSs prie sei in order to get rid Of the
large quantity Pf expensive corn tnat ne
July fell back with a thump to q weak
close, &c lower than yesterday, at 95hc
SSg5aSe,s p peine nS q c~onservatiVe estimate Of
the amount unloaded in July. July seemed
e Hn tsg at all Vas ame ofte ST Ins sp nafn iyO partly
because of firm cables Despite the fact
that the bull party IN July mas a uemen-
the story goes that its heavy short line in
September may yet bring the corner Clique
today was attributed to covering by this
crowd. Receipts in corn continued very
lrsct r today ana az 1 Ser cara asr and essa, doS 81 Bushels SSl-
were turned out BY unlicensed elevators
making. a total Of over 10000 bushels Of
stood these offerings in the cash market
well and opening hg4c down to M@Ac up
S Ser Ss7 stTo5s Nc SO up at si guns -"
In the face Of . good array OF pesrien
news . T ! 5 r1lsd vs sSye eT IN the enc nor TSSInEsr
is approaching the milky. state, threatened
ifanr e Tpr than expected, cables We're lower
and statistical Journals issued bearish re-
RE 9Srts; w oas q Rsods demand hGmsSsr frO MeT th. ' ScrtS.
west, where some damage had been done
by the cyclones. Tn corr strength slim;
September, which opened 2 shade higher
to a shade lower at ThQnHc, at once ad-
mission house and estimates q 40 cars fol-
tomorrow. put the price back again tenn:
p fsEen fo;r p snpo Mee an 3 she cs sesb %srs t lseG buy.
ember closed arm. SO up at 72Q721sc. Loca
grade; Minneapolis ana Duluth reported
227 cars, making a total for the three points
year St 81 S Seos' f Psrimsry ~ re scsS Mee we r1o 7 s 90
bushels, compared to $4,000 bushels las
year. seeboard c~Iearances In wheat anC
Oats ruled strong on scarcity Of Offering
and the very light movement to this mar
tket. Cash business was good at higi
prices and July options gained at ono tim
d%c, selling at b2c There seemed to be {
general fear that the market was oversolt
and that there would not be enough new
lstuff to deliver of contracts. This booste'
l6eptember from I%o to a nrm close. "
Mp at S2Nc. Receipts were only &c cars,
Df new stun and 3yof contract grade.
' Provisions were rather neglected an,
lened on outside l~iquidation-- Hog prices a
the yards We're hrm, but September Porl
Il2l1c. lower at y1f.oz1h and September rib
WAC lower at SO. TN.
Estimated receipts for tomorrow Wheat
The, leading futures ranged a. follows;