New-York tribune., 1902-07-24
TRADE IN CHICAGO.

Chicago July 3 (SpeciaD.-oats peopIe are won
dering whether the rains are to keep up forever
There was more to-day. Showers are predicted for
Thursday The July oats sold at 64Iac ana at &C
and closed at sc. The deferred months were up a
fraction, weak early. but closing strong with
shorts desiring TO cover when the rain started
New September closed at S45sc: old July. SIC; old
September. SIC. The gossip was that oats were 10
come here from California. and San Francisco
wired that oats could be shipped at profit TO
Chicago The tine, however, is too short now
They could not be brought from California by
freight IN less than week. and that would only
bring the oats here the last day Of the month
TOO short margin to stand the risk. The oatmeal
trust however, has brought about 800 600 bushels OF
cats here from its different mills. and will make
the Indiana elevator which II owns, regular.
der 70 make delivery. There were only Il cars Of
oats in this morning. only Ii and only
140 cars estimated for tomorrow. Patten. just
back from Denver, says not over per cent of the
oats have been cut on the Burlington road Choice
hay is bringing 81 50, and is said to be already two
weeks late. Shorts were uneasy on the September
to-day
There was a rather fat day in corn July. how
ever, closing at sc The other futures closed un-
changed TO sc under Tuesday; September. size
bid; December f614c: May. 43lsc. sellers The rush
of the corn from the country is over: 127 cars re-
ceived to-day; 10 estimated for tomorrow. From
all sources to-day there about 24O 900 bushels
contract The cash situation has become strong:
sales 10 New-England about 10000 bushels and
with the No. and No. 3 yellow corn only 1c to &c
under July II is stiH popular TO talk OF the July
corn deal as only sleeping There seems TO be no
warrant for this The Harris-Gates people declare
they are out The mystery however. is helping
Them 10 market their cash at a good figure
Wheat closed where it did Tuesday: the range
was only sc. The mood vacillated with the
weather. rather bearish early on the prospects
OF clear weather. and firm again toward the close
on the renewals Of rain The grade of the wheat
continues poor. less than 10 per cent contract The
receipts are fair not quite equal TO last years
to-day The foreign news is bearish. Everything
is as conflicting il could be. Shorts are trnid Of
the September and inclined cover There is
a popular idea Armour is long September. but if
the truth were known it would probably develop
Armour is as uncertain of the situation as any,
BODY else Everything is depending on the weather
With sunshine prices would probably sell off and
with further rains viii pretty certainly sell up
The provision market steadied a little after the
severe break Of yesterday There was apparently
some support from packers who did not want the
cash market TO go TO pieces. There some fur
ther outside selling, but such scale as yes
terday. Pork and ribs closed 2 trife better than
Tuesday Lard was some lower for October and
January, steady for the July and September. The
whole provision list has had a very severe de-
cline within week, and is now considerably un-
Ger the basis of hogs.