The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-07-31
BAD BLOOD IS SHOWN
BULLS AND BEARS IN OATS WASTE
NO LOVE ON EACH OTHER
All the Grain Markets Ragged and Dull
July Oats Corner VIII Probably Have to
Be Settled in the Open Pit Today-AIl
Grains But September Corn Higher.

CHICAGO, July 30.--Unsettled by the
closing operations in July corners all the
grain markets today were ragged yet
Withall rather dull. Despite. the fact
on July new oats yesterday the bulls in
this deal were very stubborn and sold
almost nothing, indicating the probability
that the July oats yesterday the bulls in
this deal were very stubborn and sold al
most nothing, indicating the probability
that the July oats corner will have to
other options of this and other grains
bears had the whip hand early and press
ed prices down.
Covering for short accounts, develop
ing speculative and export demand and
estimated curtailed shipments to this
center, however. checked declines in the
the July deals At the close July wheat
was 1Bc higher, September wheat 1sc up
July corn 215c higher, September corn 1Sc
down, September oats 1sc up and July
oats &c higher. Provisions closed 10c to
221sc up.
Bad Blood.
There was bad blood between the bulls
and bears on the oats situation. Much
comment over the marginal price of 45c
p 1,IeJ Ine , shorts PVT they IN turn were
nent men whG are exacting the uttermost
farthing from the shorts in July con
tracts at a time when such action is not
considered good commercial policy,
Traders generally were wroth over the
great amount of trade that has been kept
from the Chicago market lately by too
ceedings were threatened to protect the
shorts.
Plenteous receipts weakened deferred
futures early, but in July the probability
that no relief was to be expected at the
hands of the bull clique influenced sharp
advances and nervous tone. The con-
strong close at CSC, 8 cents higher than
yesterdays close. September dipped to
S1Ac early, depressed by the early
weakness in corn. When other grains
rallied, however, and July showed itself
strong, September rallied to a firm close,
nc up at 321sc. Receipts were 1854 cars,
128 contract grade.
Wheat Wabbes.
Wheat had very weak appearance
early, but ultimately recovered its posi-
ton and advanced Early bearish incen-
tiyes We're heavy receipts, both primary
and local, lower cables and fine weather
Se l Was sold very freely early and
-ders as the price broke under zoe. The
local crowd soon started an upturn, how
eyer eve braeed d, to some extent by talk of
export business at the lower prices. A
leading elevator concern took on stuff
literally and augmented the rally. July
IN which recently there has been good
deal of delivering was wanted and on
covering this option on a considerable
strength The good short interest in Sep
of wheat movement seems to be undimin-
lshed, but for the time being this infiu-
enee seems to have had it's full effect.
to TN rallied to 75Ac and closed strong,
,1Bc UP at 75Be. 1t is thought there Is
g pretty fair sized July short interest that
tomorrow: September opened 1ac to Nc
down to 7OBc. declined to 69Ae, sold up
e. , 7o@c and closed firm Ac up at 7okc.
tract grade. MinnAa nOlic DnI 70
ported l3S cars, making a total for the
three points of 357 cars, against 491 a year
ago; Primary receipts, We're 1859 900 blu.
ciearanees in wheat and flour equalled
965,000 blu. The seaboard reported 144
loads taken for export in two days,
Corn Depressed.
Corn suffered extreme depression again
early today caused by a renewal of lib
bles and fine weather and almost total alb
sence of support. The selling was of
the same kind that depressed the mar
very large crop, made doubly probable by
perfect corn growing weather, was one
OF the principal bearish incentives. Sep
any of it's old friends came to the sup
port. Then, on the estimates of only
70 cars OF corn to arrive tomorrow, there
advanced to SEC, closing only trif1e easy,
1sc down at 55Bc, July was very nerv-
Gus. Early it was supposed the bull
crowd had abandoned the option for good
and all and the price opened &c off at
55c On the upturn in September little
July, stuff was wanted; no one could sell
It at the low price and July skipped to
zoe, closing strong, &c up at 591sc. Re-
ce1pts were III cars, Is of contract grade.
Provisions were only fairly active but
ruled very firm against the depress1 ~>ef-
feet of early cheap corn. Hogs also were
lower and prices dipped in all products.
Packers supported well, however, and the
TENDER pork closely 1Oc higher at SIG 90;
September lard 2215c up at $40 60 and
September ribs 171ac higher at $1O32k.
ESTIMATED receipts for tomorrow: Wheat,
345 cars; corn, IS cars; oats, 235 cars;
hogs, 81, 900 head.
The reading futures ranged as follows: