Omaha daily bee., 1902-07-15
COMMERCIAL AND FINANCIAL
July Com Tumbles and Other Cereals Drop
in Sympathy.
ALL GRAINS CLOSE At LOWER Level
Big Receipts Of Contract stun Knock
BuIIs' prop from Under July
- Corn anu Price Falls
Five Cents.

CHICAGO. July 1A-Heavy movement in
corn held the attention of grain specu-
iators today and brought slumps all around.
July corn continued its display OF ,pyroo-
technics Of last week. although today ~
looked like the falling stick instead OF tne
rocket flight. Everything on change wss
bearish, but in the general decline the
thudding drop of sac In July corn was moss
important and caused talk OF an enc &c
Tor July corn, %@5sc for September corn,
&c for September wheat and 1hql%c for
September oats. Provisions closed FAC
II was a big drop in July corn and
the bulls tried TO give seyeraI reas
for the decline. Probably the true cause
was that corn in generous supply Is NOV
ing toward Chicago at a rapid rate. EveI
since the talk Of a corner IN July bvsv
making contract grade corn with their ut
most energy. Today the bulls mao 70 da aD
tract grade. In addition to this private
elevators made and put out 2M cars ano
119,0OO bushels. a total of over 6OoVoO pusneis
last few days was just the sort to help In
grading and with the reported
of S5 cars for tomorrow, wnich Wou.u
by private houses, the crowd, led BY tine
elevate people, sold to a man. IhsIe
was also a disposh.l odto TO wouIIS stipulste
a marginal price for corn, SO that both
longs and shorts could he called eaVily
morrow It is thought it viii work against
the corner. Early trading was rather light
but of a bearlsh cast. When the estlI
literally. Every sale had TO be made at
good concessions to the buyers and from
sec the cornered option houndered an0 G
the general rush Of corn TO market and
opening a shade to hQ3sc lower thar
Saturday at SiSc cI to sac we aeSlp SSdj 's %S%Skke
lower at 6ic. July rallied a little from its
bottom price, but closed very weak, WIFI
Wheat ruled weak after a momentary
nrmness at the opening on prospects o.
rains. Cables were lower In Liverpool
heavy percentage Of new wheat. The Wis.
ible supply increased $3.50 90 bushels, against
q decrease of nearly 100000 last year
tendant upon the corn break. offset a few
showers in several western states; In
wheat, which opened a shade lower to Y
0Ac higher at 73mc to 73%c, declined
steadily as the session advanced. Primary
against 100000 bushels last year. Loca
receipts were 90 cars, 6 of contract grad'
and IS of new stun. Minneapolis and Du.
the three places of 67 cars, against los
cars last week and 81 a year ago. World'i
s'2ss.oo bushels last week and ~7,lsS.OCO bush
els q year ago. Breadstuffs on passag'
decreased 2,2SS,OOO bushels. Seaboard clear
ances In wheat and flour equaled 1890
bushels, The estimate of $50 cars for to
morrow was received bearishly.
oats had something OF a setback toda!
as a result OF free offerings by farmeri
of the new oats in order to take advantag,
of high prices. Offerings in Illinois wer'
particularly liberal. according to the re
ports. Favorable weather over Sunday ant
a general Improvement in crop prospect
precipitated selling. September sold Of
over 1, selling as high as 33kc at tn
opening, and closing weak and 1hQ1kl
down at 32hc. Receipts were 81 cars
Provisions were rather quiet, but held vi
well in the face of q weak hog market
Lard was strong and aided other product
on the list. The outside bought early
but both pork and ribs lost most of thei
advances. September pork closed 2k
lower at $18.61h. September lard nc VI
at N1. IN after touching $11.45 and Sep
tember ribs a shade higher at $10.S5@l0.S1t
Estimated receipts for tomorrow; Wheat
s50 cars: corn. 845 cars; oats, IT'S cars; hogs
10000 head.
The leading futures ranges as follows;