The Montgomery advertiser., 1902-07-31

CHICAGO. July 3o.-pnsettied by the closing
s,a IN rs sus ys vital amen du
Despite the fact that marginal price OF 40
cents was put on July new oats yesterday the
most nothing. indicating the probability that
the July oats corner will have to be settled
the Dd o t sr osseT the WINS
hand early and pressed prices down. Cow
erIng for short accounts. de- clipping specu-
lative and export demand and estimated cur
taiment of shipments to this center, however,
checked declines in the new crop deliveries
and put fresh gimp In the July deals At the
Der wheat y up, July corn IA higher. Sep
TENDER corn v down, September oats y up
and July oats &c higher Provisions closed
There was bad blood between the bulls and
bears on the oats situation Much comment
shorts. but they in turn were incensed over
the attitude of the prominent men who are
shorts in July contracts at a time when such
action Is not considered good commercial
policy. Traders generally were wroth over the
from the Chicago market lately by too much
manipulation. All day legal proceedings were
receipts weakened deferred futures curly. but
in July the probability that no relief was to
be expected at the hands Of the bull clique
The congested option sold from 90 cents up
to a strong close &c higher than yesterdays
close at csc. September dipped to 3lA early.
depressed by early weakness in corn. When
other grains rallied. however, and July
showed itself strong September rallied to a
cars, 20 contract.
Wheat had a weak appearance early. but ul-
timateIy recovered its position and advanced
Early bearish incentives were heavy receipts.
both primary and local. lower cables and fne
weather. September was sold very freely early
and large quantities came out on stop loss
orders as the price broke under zoe. The To-
cal crowd soon started an upturn, however.
braeed TO some extent by talk Of too hot
weather Northwest and Of big export bust
ness at the lower prices A leading elevator
concern took on stun literally and augmented
the rally. July. in which recently there has
been a good deal Of delivering. was wanted
and on covering this option took on consid-
cradle strength. The short interest in Sep
TENDER helped in the upturn. The volume Of
the wheat movement seems to be undiminished.
but for the time being this influence seems
down at IS dipped to TN. rallied to 75k
and closed strong TX IN. at 75h. II Is
interest that will have to settle in the open
down at 7o&97ox. declined to SOW. soid up
ceipts were 2Is cars, 9 contract; MINNEAPOLIS
and Duluth reported 1913 cars; total for the
sgo Primary S reSeipts We're !. $50 600 bushels
against I.i2I 900 bushels last year. Seamoard
clearances equalled 365, 900 bushels. The sea
board reported IA loads taken for export In
Corn suffered extreme depression again early
today, caused by renewal Of liberal Septem-
and fine weather and an almost total absence
of support The selling was Of the same kind
that depressed the market for the last week
Prospects of a very large crop made douhly
probable by perfect corn growing weather was
one OF the principal bearish incentives. Sep
tember broke from 55% to 54% before any of
its old friends came to its support Then on
the estimate of only rs cars Of corn to ar;
rive tomorrow there was Some fair bidding ana
September advanced to SOC. closing only
trife easy, &c down at 65R. July was very
nervous Early 1t was supposed the bull crowd
had abandoned the option for good and all
and the prce opened &c on at So. On the up
ed. no one would sell It at the low price and
July skipped to so. closing strong. 2he up
Provisions were only fairly active, but
ruled very firm against the depressing effect
prices dipped in all products Packers sup
ported we'll. however. and the close was strong,
especially in lard. September pork closed l0c
higher at sic 90; September lard 22hc up
at Sios 90. and September ribs l7lfc up at
The leading futures ranged as follows: