Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-07-17
CORN HELD STRONG
Despite Keavy Receipts and
Clear Weather Gates Crowd
Kept Price Up.
Wheat Made Slight Advance and
Small Receipts Held Oats
Steady.
Cattle Were Steady, Hogs Strong
err, Sheep Higher and Pro.
visions Dull.

| Chicago. July l7.-Corn was the
strongest cereal on the floor at the
openin stoday. Receipts continued very
heavy. 1872 cars. a which 225 We're OF
contract grade. Private elevators turn
| ed out l05 cars and 22.00O bushels. max
ing total of over 100000 bushels OF
contract today. The weather continued
| excellent for drying and growth as. we'll
the statistical journals issued very
| bearish reports. These conditions. hon.
ever had no weight with the shorts
| when the Harrs-Gates crowd began
bidding UP July options Trade was all
at sea as to what fairly good buying
meant. July opened ss@l7s higher at
66061la. and at once advanced to 6S1g.
September opened sax lower TO Is a
a higher at 593s q $685.. ane. sold TO 60i2.
After the advance of the first half hour
buying July eaSed and that option hung
fire. While September Slid back 10 COZ.
llr DIV ly up dwaup upaup dwalupp
The trade considered the early action
of the corn bulls simply a ruse to get
the price up TO 4 figure where the bulls
could unload some more of their high
priced cash receipts. Consequently the
shorts stopped taking stuff and after
July reached 50 it turned tail and drop
ped to a weak close. Is under yesterday.
at 6514. September however, held
firm, largely because of the July premi-
um and doubt as to whether or not the
squeeze in this pit was really over. The
option went to a strong close layf5s
up at 611s
Wheat started Que steady in spite of
a good array of bearish news. sustained
principally by corn. Cables We're low
Ell, receipts larger than estimated and
weather almose perfect. Trade papers
stated that east of the Rockies every
thing looked very favorable. Trade
was rather light early blu there was a
fair demand from the crowd that sold
ened q shade lower to a shade higher
at 713s to 71l2 and advanced to 717s.
Local receipts We're $50 cars. Only one
of contract grade; Minneapolis and
Duluth reported 227 cars. making a to-
tai tor three points of 81, against go
last week and 444 year ago.
Wheat sold for a time. but the crowd
was afraid that The pit was oversod
and September closed firm. Is up, at 20
M72A
Oats showed good and legitimate
NJ the opening. Receipts We're
only tifty-fiv cars. of which only six
We're new and three of contract grade. |
Cash business was good and consumers
We're taking stuff nj q big premium over
July. The current option seemed
over-sold and in the first hour July adj
vanced q to 80. September opened
to \ up at 31s#M317s and
soon topped at S2i4. Crop reports We're |
rather favorable. hut near futures
their show of strength on
he fear that new arrivals would be in I
sufficient to meet the demand. Provis- I
ons We're dull ard steady.
Hogs We're firm. and there was but
little outside liquidation. September
pork opened 212 down at 1S.62ls, and I
sold to 1865: September lard was 2ia /
over to unchanged at 11.12laM1'.15. 1
md September ribs We're unchanged at
l0.S5 and eased 81 cents.