The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-07-16
RANGE OF SEPTEMBER WHEAT
OTHER GRAIN MARKETS
CHICAGO GRAIN.
Corn Nervous With the Receipts
Still Large.

Corn Nervous With the Receipts
Still Large.
Chicago, July 16.-Corn opened to-day with
a POOR show of interest. The admitted finale
of the powerfully influential corner in July
option left the trade with little to ak abou,
save how it all happened. Yesterdays severe
break in all grains and the announcement
by. the Gates clique that their interest in
July was at an end, had an effect abroad and
with the unfavorable weather there was a
rally in Germ Traders in July were at sea
as was Indicated by the manner in which that
option opened, &c lower to Ac higher, at, S3Ac
AS 'of contract grade. Private elevators
turned out enough TO make total contract
stuff on the market to-day .Aboar 400, 600 blu.
There was alfair growing demand in septe,n-
rain was predicted and prices strengthened a
bit. Wheat also showed: some signs of rally
ing AMI helped corn :riae. September
to $3.50 and later sold at 5ssle. July hung
rather steady around 66c. ii =
There was still a fair. show of strength in
corn at the close; considering the expected
renewal Of yesterdays slump and the weak
ness OF the cash situation. The Gates crowd
refused to offer cash stuff in competition with
shippers in least, indicating, some experts
said, possibility of higher prices before the
close of the month. July closed, steady. hc
up, at 65ssc.. September touched 61Ac, and
closed unchanged at 59h@59Mc.
$780, 9sc es Msy 4s%e Cash Ss
No. 2, 65@651hc; No. g. 61@63c. r. u ~
September wheat opened h@3sc higher, at
T11aD721sc on a fair demand by shorts. Ca
bles were lower but did not respond fully
to the slump here yesterday. With the July
corn congestion almost dissipated there was
freer and more buoyant tone in the pits
The weather was rather favorable early, but
llocal showers put the crowd in something
of bullish temper and after dipping to 71Ac
September rallied to its higher price and hell
steady. Local receipts we're rs cars, Of
contract grade and practically all new,~stuff
Minneapolis and Duluth reported 215 cars
making "a total for the three points Of 34(
cars, against 2o9 last week and 800 a year ago
/ The hot weather northwest was ono of thu
early bullish incentives. Added to this wa!
heavy buying of September during the early
hours. September was advanced to 72Ac bu
on free selling by the early buyers and the
passing of the weather scare, September sli6
oft to liz @71%c, and closed weak, A@ht
down, at. 71A@711ac.,t ..st t.srs =
Close: Wheat, July, 731ac;; September, II y
@711ac; December. 71$ic; May, @747sc; casf
wheat, No. 2 red, 741Rc; Nos red, S72973c
No 2 hard winter, 721s@74c; No. hard win
ter, TIC; No. / northern spring, 75i1c; No. ].
| northern spring, 741@c; No 3 spring, 70@73c
Oats showed very good early strength OF
reports of a few showers September opened
1A@Acs to as@1zcs up, at 32@@S1Bc, and east
small at IS cars. .5s
Close: Oats-July, 421Ac; new, 49Ac; Sep
| tenber,s 29Ac; new, 31Ac: December, 2SXc
| new: 311kc; May 32A @32Ac.
Cash: 0ats-No. 2, 4s@149c; No. 1, 47c.
| The following was the range IF nricea