Omaha daily bee., 1902-08-15
COMMERCIAL AND FINANCIAL
Grains ses-saw and Markets Are Olawsd to
Raggednsu By Manipulation
OAIs SHOW sLsT VM o. ALL PITs
close Firm at q shade Higher, while
wheat and Corn Drop on and
Provisions split
Up.

CHICAGO, Aug. 14.-Ragged grain. mar
kets. the result OF renewed ~nipplau
with the end Of the July deals and with ex-
cellent harvests IN sight trade would. get
back on 4 natural basis But the middle OF
one firm is supposed TO have all the No. 2
red wheat in sight and consequently the
houses are moving in the December corn
and some OF the same people have out long
have done nothing TO relieve the danger Of
manipulation. Adverse weather has worked
Rgalnst the grading to such an extent that
fions had turns at the markets today and
the result was a see-saw Of wide and in
figures had some weight with spectators
n september wheat closed HWhc lower,
EE e lower ~nsas se mf nTbwp' oSt ue Hg%c up,
Provisions closed n1hc higher to zoe lower.
Wheat opened, weak because the bad
northwestern harvests did not maferialize.
Cables also were indifferent. though later
they dipped. With unbroken fair weather
and the continued heavy movement Of win
ter wheat the bears could see nothing. but
ower prices; This started teri e heavy s Ell ! nS
bushels of September was thrown over.
board. The crowd thought the leading bull
preliminary breaks influential buying. evi-
IDENTIFY for manipulators. started q, good
srTrnaSinr Oc was po osoeA The "s BE I buii. WITH HtS
nearly 100000 bushels Of September, was
feared. Talk was TO the effect that an eff
fort was TO be made to- control the cash
market hold to the line and eventually
take ali the September long stun. Other
this bio line was being reduced on the
pulges. The oversold crowd bought
~ libs sslI yss snS s ~gsb prizes ice T SD fiSslTaly: O DaE
iTsTsgulaTs n@a4e e AA@1c down az ono
rallied again to the high fiSures and closed
weak, h4Hc down Ct esMc pecemeer SOLD
to Ss' bull n eve and Closed close; %o d ieSS "1 at sssS
eSAc. Local receipts were. 27s cars 8 Of
contract grade; MIn1ssPolIs and Duluth
three points OF 40 cars. against sbs a year
ago and 51s two years. ago. Primary. re-
last year. Seaboard ciearances in wheat
and hour equaled $4,000 bushels. Export
ere ere, h S;,b al bSsem 1TSm ~ The an market I : arguing UHsE
September purchases were irrational.
Corn broke early with wheat and on good
that the total harvests in the. principal
grains would total i.iOOgOoo.0Oo bushels over
ing condition and as cables were easy
prices sagged. September started &c down
s "a &c coS osRRso ana sD piia &c a Whe snen re rslIis1 on on
b2%c; Other options held somewhat steady
on talk Of manipulation IN pecember.
the market ard fluctuations were irregular.
Receipts were small at 81 cars and news re-
bare Of corn. Late weakness IN other. pits
NC down at 51kc.
Oats again showed better strength than
anything on the floor. Heavy buying, sup
posedly Tor the old time bulls. sent septem-
worked against the builish influences 81
good cash demand and poor grading. The
late corn weakness also caused some sell
ing. Trade was not large. september sold
from 30#c 20 Szh032kc and closed Arm, Va
sc up at aMc Receipts were 3s cars.
Provisions were Irregular under the In
iuence of outside liquidation and a weaker
hog market. Lard was offered most freely,
but was absorbed fairly we'll, Very rood
Der pork closed &c of at .$15.95, September
lard 2oc down az s10o0 and September ribs
12Mc up at 1921.
Estimated receipts tomorrow: wheat, $40
900 head.
The leading future. range as sollcwss