Omaha daily bee., 1902-07-29
COMMERCIAL AND FINANCIAL
HSadlsng Plunge Of July Oats has BSarish
Effect on Cereals.
WHOLE LIST QUITS soRELY DEPRESSED
wheat Rules Fairly Firm, However,
but Corn f. Hammered TO
uess-PrOvisiOns Are
Forced Lower.
WHOLE LIST QUITS soRELY DEPRESSED

CHICAGO. July 2s-oats had another
sensational drop today, July standard Sell
uarticularIy eventful in the trading thus
affected. but the weakness naturally had
an lhhue fncentives of their own. principal
of the bearish influences was the puroen,
some quantity, Of new grain peIng rus GI IN
manipulated July options. The result was
an easier tone, yet. with shorts stlll wary.
July wheat closed lie down, september
wheat &c lower, July corn &c down.. Sep
fember corn 11kc down, July oats &c lower
and September oats Ac lower. Provisions
In point of Spectacular display the oats
Dit sill held the attention Of traders, al
and actual news of little moment The
Ciolent action of the July market saturday
wss s of the belief that the July deal" was
Off. This view of the situation gained az
the more credence when the nrst saIe eeda
6uly standard" was made at a loss OF &c
from Saturdays close at Gle. For an hour
practically nothing was done In this OPP
Hon. Then on the selling of a Few 'nyes
the price tumbled headlong in dips Of 1e
and Be until soc was reached. Inc general
condition Of other options did not warrans
Being rushed here to market and the grad
Ing was much improved; There was a fair
and this put a check on the decline. The
speculative talk today was that a New
York ell. GIiau 6ert ana e more D1g i t6an SgSSmes Pati
Ten is said to hold of July were letting the
market alone so that the extremely heayy
Feceipts would not have to be taken on by
Them at fancy prices. September was very
narrow, selling down from SSc to S2sc and
Saiiied a little on covering of several small
short accounts and closed SC down at 5Sc.
The fluctuations in July were ann4rmaIs
Taking for granted that they would be very
wide in such a narrow market. Receipts
were heavy at 34 cars. were
stnl heavier for tomorrow at SO cars.
Wheat figures indicated weakness, but
hside from a break IN July the maT = g reii1
pouring into all markets from the country.
The cash demand was poor, cables were
much lower and good conditions were re-
ported abroad. Receipts were larger and
Estimates for tomorrow much increased:
The sentiment generally was beartsh and
was augmented by the amount of contract
stuff turned out for July contracts today
by private elevators. r Worlds . hip }nalins
IN wheat was that the quantity of wheat
coming to this center was becoming very
Duluth worked twenty carloads of stuff
direct for export. The weather map was
still showery and aithougn p9t very un-
bnces from the seaport were an improve.
ment, wheat and -four %totaling S21,OoG
bushels. After there had been a dip all
around some. small buying by influential
houses turned September back and helped
was good buying here by the northwest,
st FH5sa7ic, dipped to 7o5sc and closed easy
"A 0OMH at NVtBIlNACs ANDkaA AOANABN9 NLLN
I E6 cars, p of contract grade; Minneapolis
and Duluth reported 405 cars, making q
total for the three points of GAL cars, against
400 last week and 57 a year ago.. Primary
receipts were 1855, 900 bushels, against 1,506,
boo bushels last year. The visible supply de-
creased 1,176.000 bushels. Worlds ship
ments were 6,9l0,000 bushels, compared tC
k,663, 900 bushels last week and 9,S3O,OOO last
year.
hammered into a weak condition. Receipts
were fairly liberal, but estimates for to-
morrow were very heavy at $40 cars. Sell
Ing was general and a good many stop
loss orders came out. Proit-taking. was
the principal influence that steadied the
market after the early Gables
were weak, crop reports were good and 9
bearish sentiment prevailed. The demand
WAS light all day and the only support
came from the party that was bulling JUL
and had gone short OF September as 6
ledge. Buying on the weak spots of Sep
kember by this house helped prices. july
BOLD between Sc and Sic and closed veal
&c lower at that figure. September solo
down at 5S5Ac. Receipts were 1T cars.
Provisions were inactive and declined
bomewhat on free outside liquidation ant
IN sympathy with the corn dip. Good buy
ing of lard early sustained prices for
time. but the close was weak. Hog pricei
were steady to firm; September pork close'
N1kc down at $17.02lk, September lard 3
Lower at $40 TN and September ribs .
Estimated receipts for tomorrow: Wheat
As cars; corn, $40 cars; oats, go cars; hogs
The leading futures ranged as follows: