The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-07-20

CHICAGO, July 19-This was another
gay for squeezing shorts in the oat pits.
New July standard oats were excitedly
on record since 1874 Aside from the
large short line that is held by one of
the leading professionals, the principal
py oat prices today was that of ruined
harvests by reason of the recent heavy
rams rams Other grains We're bullishly af-
fected by the rains. but liquidation
caused reactions. At the close July oats
gained INC, September oats 1ac and July
corn corn IHc; September corn lost, A@ac,
PROVISIONS closed sc lower.
1t was wild day in oats. The cause
largely ARG seems to be that there is q nat
James Patten. of Evanston who cornered
May oats, is credited with a line of near
~ ~ z,Ooo 9oo bu of new July, and, inasmuch
grading much smaller, shorts are fearing
stu worse. conditions. Up to a few days
ago promises of good oats harvest came
b TO nand repeatedly. The cash demand.
however, kept up so well that in spite of
Preolcted bumpers crop prices continued
TO advance on the sample tables With
heavy rains in the adjacent fields and re-
ports of fallen and twisted yellow grain,
bought freely. The further Options s's ade
yanced sympathetically and were hardly
apPreclably affected by the break in wheat
ana corn The near months have become
very scarce. At all times they are hard
to buy, and the demand is always in
excess of the offerings. Trade in July
was not excessively heavy, the price be-
ing put up by moderate purchases. Prices,
however, fiuctuated lie or &c at jump.
and then jumped to CSC. The close was
very strong, INC up at 641sc. Septem-
BE- 6er opened enc n to re higher: at S8Ac to
higher at Sac. Receipts were very small
at 81 cars, % of contract grade.
Good Advance In Wheat
Wheat made very good advance early
on the weather reports and light local
contract grade receipts. July in partic-
ular was strong, and was bid up rapidly
by frightened shorts Cables were indif-
ferent Most of the wheat east of the
mississippi and near the great lakes had
and more showers were predicted. Trade
was only fair after the opening furry
ana when it was learned that the primary
receipts were 1,155, 900 bu, against 949 900
1bu last year, the Southwestern houses be-
gan selling freely and the Sentiment
turned rapidly bearish.
ed Ac. up at 77he, jumped to 7sc si; and
closed 1Hc up at 761ac. September open
ed Is @ac to 1k@5sc up at 70 to 75Bc.
'iso e,9 at Is YI5Ac, but slumped to 72Bc
Local receipts were $50 cars. 81 Of con-
tract grade. Minneapolis and Duluth re-
ported ~ cars. making total for the
three points of 457 cars,a against 341 last
week and 551 a year ago. Seaboard clear
ances in wheat and flour equaled $751;
bu
Corn and Provisions.
Corn was bid up well at the start in
sympathy with wheat and oats and on
the rain influences. The market, how
ever, was poorly supported, and there was
a. slump in prices until deferred futures
closed under yesterday There was little
feature to the market aside from covering,
and trade was light. Sentiment inclined
to the bear side, and all locals sold rather
freely after the initial bulge. July open
ed lie up at SIC and closed 1%c up at
61Ac. September opened Il C to &c up at
|561c to 619sc, and sold at 61Ac but dipped
lc from this price and closed weak. u 113sc
lower at 60B @61c. Receipts were 445
ears, 120 of contract grade. Total con-
tract stuff was 200, 900 bu
~ Provisions were subjected to free sell
ing by brokers for unloading packers, and
in consequence of a concerted effort to
break prices both on the board and at the
yards slumps resulted. Hogs were few.
but brought lower prices. September pork
closed loo lower at 18 .37h; September
lard 15c lower at $10.871b, and September
ribs 71ac down at So TO-
Estimated receipts for Monday: Wheat,
ITO cars; corn, $50 cars; oats, los cars;
hogs, $4,000 head; hogs for the week, 1885,
900 head.
The leading futures ranged as follows:
Omen IJioh / TOw / VJoeo