The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-07-25
OATS MAKE
NEW RECORD
Made a Jump Yesterday to
Seventy Cents,
TRADE UNSATISFACTORY
Provisions Make a Gain of 20
to q IL Cents.
TRADE UNSATISFACTORY

Chicago, July 24-There were fancy
prices again in oats and July corn 10
relieve the monotony of a grain session
otherwise dull. The former jumped &c
to a new record price-70c. The latter
sold at 70c, but did not hold its strength.
The general situation in grains was very
unsatisfactory to the trade at large, ow-
ing TO the congestion in all July options
Fluctuations were narrow in deferred
future, and aside from the fair weather.
the bearish influence that predominated
was that OF '.unstraddnng' September
December wheat spreads. September
wheat closed at "G1sc down. September
corn 1sql4c lower and September oats
sc lower. July oats gained &c. Provi-
sions closed 2Oq22sc higher. The cause
Of the upturn in oats was the bidding
of shorts for several tens" and the re-
Iuctance of traders TO sell what they did
not have. Receipts were light. at l29
cars. Fair weather and good crop reports
influenced an early easy feeling, but the
jump to roc for July aided prices Of de-
ferred futures for a time. Traders were
very much dissatisfied with the situation
OF the pit. On all hands went up the
wall of too much manipulation. Trade
has fallen off greatly in the last few
weeks. Spectators are either fearful Of
the big fellows or are apathetic. Receipts
in oats were very light. Trade pointed
10 other pits, especially to corn, and the
ing since the corner by the Gates crowd.
They said the speculation on oats and
corn prices on a level killed trade The
public was out Of the market. The man
who seems 10 dontrol July new stuff let
the crowd have little at zoe. but the
price closed strong SC up at that figure.
September worried uaeasily between 345s
and 34s4c and closed sc down, at S4'c.
Continued good weather. heavy receipts
and scattered liquidation depressed wheat
Trade was only in fair proportions and
in this pit, as in others, complaints were
made OF manipulation. There still con-
tinued very light run of contract stuff
in the arrivals, which tended 10 restrict
short selling. The crowd bought freely
for a time of September but large inter
ests ''unstraddled" from a September
December spread and sold September free
ly to all who wanted it. Cables were
Indifferent on the lack OF any sharp bus
mess, prices worked downward Septem-
Der opened AG&.d12c lower, at 7251aLd%.
dipped to nc, after touching 72ad&c, and
closed weak, 1zQssc lower. at 72ls9Lc.
Local receipts were 125 cars. only one of
contract grade. Minneapolis and Duluth
reported 191 cars. making a total for
the three points of S16 cars, against 81
lase week, and 34s a year ago Primary
receipts were 10000 bushels, against
990, 900 last year. Seaboard clearances in
wheat and -four equalled $4,000 bushels.
The seaboard reported ten loads taken
for export.
Corn was dull and inanimated most Of
the day. The fact that July was bid ur
TO 70c by a few shorts had almost no
effect on other futures. There was no
disposition to sell. yet buying was good
The pit seemed almost deserted since
the bottom dropped out OF July. The
action today seemed TO indicate that the
Gates deal was not dead. Cables were
heavy, receipts small at Isl cars. but
closing prices showed a slight decline
in most options. July was unchanged
at &c at the close. September sold be-
tween 6o7sc and 6l19c, and closed easy,
sake down, at e1isc
Provisions had good support. were
somewhat active and made very good adj
vances. Hogs were scarce and brought
higher prices at the yards Shorts COW
cred TO some extent. but the principa.
cause Of the advance lay in the pur
chases by packers 10 hold ;hs pit Liq-
by longs had little effect on
the advance. September pork closed 2oc
up, at S7.75; September lard. Pic higher.
at $3.50. and September ribs, 22lsc I'D.
at sl055.
Estimated receipts tomorrow: Wheat.
- cars; corn. 1s5 cars; oats. I4o cars:
hogs, 1900 head