The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1902-07-29
TRADERS AGAIN STARTLED BY
INNOCENT DROP IN OATS.
BELIEF GROWS THAT THE
JULY DEAL Is OFF.
Other Grains Also Close Lower and
Receipts of Cash Stuff Are
Enormous.

Chicago. July gS.-Olts had another sensa-
! tiona! drop to-day. July standard selling or
12c al one time. There Was nothing par
t~iculariy cventful in the J-aliaS thus al
f.Ct,G. huJ the weakness naturally aad an
influence on the other pits. which had bear
.sh incentives Of their own. Principal OF
the urari<h Influences was the bU-d,aSum-
quantity az new grain being rushed u mar
kyj 10 be delivered On contracts in mIuiuu-
lated july options. The result Was ai
easier tone. Vet with shorts sui wary. July
wheat closed l. Gown. S'pL. wheat -
lower. July corn = down, sept. corn Is
down. july oats - lower aUl S-pt. oats -
lower. Provisions closed 80 10 -.t=c IoTvT-
Oats.
In point Of spectacular display the oats
pit sun nelI the attention Or the traders.
although the business IN TINS PIT Wis Sm-l!
anu ar'laI news 81 htt!s momsES Inc N!'-
lent action OF the July market SATURDAY
MaS SuIl III mlau ana many Spectators
were ~ the belief that The JUS deal
Was on IhIS view OF Jhc situation gained
an the more grcdcnCs when the first sale
OF JuIy '-sJandaru'' Was made at a loss OF
6C tom Saturday 5 close. al ole tuT an
hour. Practically nothing was cone IN t"is
Then on the sale Of a few ives the
pTiC, Jumsled heauiCuS N dips OF &c anu
-. until y5c Was reached. The general con-
dItiUn Of other options did not warrant any
great Many cars OF oats TtTS
uclug rushed here TO market, ana thv grad
AA- NsAE AAa4HA t4AAIANHNNz AAANAt va - sue
demand. however. in Jke farther months,
and this put ii check On the decline. The
speculative talk to-day was mat a New
York Clique ana a b-S lpel commission
man. VINO controlled n.ure than James Pat
ten Is said 10 hold Of July. were letting the
market alone 50 that the extremely heavy
receipts would not nave 10 De taken ON -
them at fancy priSes- Sept. Was very mar
-uw. selling down from Sc TO G=sc, and
cI9Slng "n!y easy. Lc down. at go July
rallied q little on covering Of several small
short accounts. and closed e. down a. 5SC.
The fluctuations In July were abnormal.
b-J caused little excitement. SPECTATORS
taking .or granted that they would Ee very
wtGe in such a NARROW market. Receipts
were heavy at %i cars We're
s'il heavier Tor to-m'Trow at 80 ears.
Wheat.
Wheat figures indicated weakness. but
aside from a break in July the market held
up fairly sell undcc the load of grain p0UE-
Ing into all mIrS--s !T.m the country.
Inc cash demand was poor. cables were
much lower and good conditions were Te-
ported abroad. Receipts were larger and
for tomorrow much Increased.
The sentiment generally was byarish ami
was augmented BY the amount OF contract
stun turned out tOT JAY contracts to-day
~ private elevatp,S- NU-lc's shipments
AIS" Wee increased The general feeling
IN wheat was that the quantity OF wheat
coming 10 this center WIS becoming very
b~Ur-eusoaC. Still shorts We're cautions.
Duluth worked ~ carloads ~ stuT direct
Tor export III. weather map was still
snowery and although not very unfavor-
abe. was stu tar from ideal ClearanC-S
from the seaport weEe imprOv-d-wheat and
Hour rutallnE 62l.tI bE. After there hId
been q dip all around. some SINAI! buyinS
by influential houses turned Sept. back and
helped July a triilv- Possibly the best in
fuynce was good buying here by the North
wrSL sept opened a shade 10 t>zIf.c down
at Ike 70 lc. Dipped to 1ySC and closed
easy &c down. at Ty5sT5ic. Lge4! receipts
wee - ears. l. Il contract grade. Mimi
.aIuli~ and Duluth reported 50 ears. max
ing a total for the thT-. points 81 81 cars.
AGAINST 80 last week and 81 q year ago
Primary receipts were lJ.S.U-i bU. against
LIb"" hu. Inc visible supply decreased
l.llbtet bu. Worlds shipments Were s.gfH.-
and $500 bu. last year.
Corn.