The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-07-25

CHICAGO, July 24.-There were fancy
prices again in July oats and July corn
sion otherwise dull. The former jumped
8 cents to new record price-70 cents.
The latter sold at 70 cents. but did not
hold it's strength. The general situa-
ton In grains was very unsatisfactory to
the trade at large, owing to the con-
gestion in all July options. Fluctuations
We're narrow in deferred futures and
aside from the fair weather, the bearish
influence that predominated was that of
unStraddling'' September December
wheatS preadS,
September wheat closed 15@%c down,
September corn h@Ac lower and Sep
TENDER oats, 18c lower. July oats gained
&c. PROVISIONS closed 20@z21Ac higher.
Why Oats Rose.
:, The cause of the upturn in oats was
Inc bidding OF shorts for several tens"
and the reluctance of traders to sell what
they did not have. Receipts were light
at rs cars Fair weather and good crop
but the jump to 70 cents for July aided
prices of deferred futures for time
traders We're very much dissatisfied
hands went up the wall of too much
manipulation. Trade has fauen off great
ly in the last few weeks. Spectators
are either fearful of the big fellow or
are apathetic.
In oats business was very light
traders pointed to other pits, especially
to corn, and remarked that the small
Ihey said the spectacle of oats and corn
prices on level killed trade The pub
nc was out Of the market The man
who seems to control july new stuff let
the crowd have a little at 70 cents, but
the price closed strong, 8 cents M at
fnaI ngur aa september worried uneasily
1sc down at 341ac
Wheat Depressed.
Continued good weather. heavy receipts
ana scattered Iin1Iid afi u
wheat. Trade was only in fair propor-
tons, and in this pit, as in others. com
plants We're made of manipulation. There
still continued very light run of con-
tract stuff in the arrivals, which tended
to restrict short selling The crowd
bought freely for a time of September,
september spread, selling SEN
TEMPER freely to all who wanted it, Ca
/ pies were indifferent, and in the lack of
ward.
September opened Nc to 5000 lower
at 72Hc to 72A@72Ac, dipped to 72c
weak. 1z@5sc lower at 72k @72Hc. Local
receipts were 125 cars, only / of con-
tract grade. Minneapolis and Duluth re-
ported porte Isl cars, o., making total for the
three points OF 316 cars, against BIT last
week and BAG year ago. Primary re-
ceipts Were 1,Os7 200 bu,- against $50, 900
9 ,.hd iasa year: seaboard cIearances in
seaboard reported 10 loads taken for ex-
port.
Dizziness In Corn.
Corn was dull and inanimate most Of
the day. The fact that July was bid up
TO zoe by few shorts had almost no eff
feet on other futures. There was no dis
position 10 sell, yet buying was not good
Inc pit seems almost deserted since the
bottom dropped out of July. The action
today In July seemed to indicate that the
Gates deal was not dead. Cables were
higher, receipts were small at 157. but
closing prices showed a slight decline
N most options. July was unchanged at
69c at the close; September sold between
S0%e and Size and closed easy, A@Hc
Provisions had good support, were
somewhat active and made very good ad-
vances. Hogs Were scarce and brought
higher prices at the yards. Shorts COW
cred to some extent, but the principal
cause of the advance lay in the purchase
by packers to hold up the pit Liquida-
ton by longs had little effect on the ad-
vance ss1 September pork closed zoe up at
ST 55; September lard 221hc higher at
$40. go and September ribs 221kc up at
10. 55.
Estimated receipts for tomorrow:
Wheat, 235 cars: corn. 1876 cars; oats, 140
cars; hogs, $4,000 head.
The leading futures ranged as follows: