The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1902-08-01
Chicago Grain and Provisions

CHICAGO. July 3l.-July corners were
citement, save that influenced by the in
junction against a corner In July standard
spectacular figure by slumping almost cents.
The celebrated July corn corner fitted by into
yhe high price exacted when the Gates
clique was in control July oats. although
crowd closed uneventfuily. doubtless held
down by fear of dread possibilities at hands of
the court when the Injunction case comes 10
be settled. With manipulation largely out of
the way and the imitation in prices rapidly
seeping out, other options in grains felt the
very bearish effect of big shipments to market.
lower cables. fine weather and heavy sales and
consistently declined all around AT the close
July wheat was SIS lower. September wheat
corn y lower, July oats Ic up and September
oats A@zc lower. Provisions closed PIC up
to l2hc down.
Interest centered in oats because Of the In
junction proceedings against James A. Pat
ten. BARLEY Frazier Co. anu Darlington,
Patten Co. Trade hung fire for a time at
the start because the case was in court A
little covering was done earlys which started
prices up somewhat When the court inter-
preted the Injunction for the parties inter-
ested and stated that only one house was in
and that with the exception of deals with
this house. all business could go on as usual
on change, prices saggcd. Patten sold freely
&c over yesterday. About 100. 900 bushels
were covered early. Then rather heavy lqui-
detion set in all around. The general feeling
among spectators was that had there not been
an Injunction in effect protecting one firm
prices probably would have been boosted and
the July corner would have gone out with
boom. For the first time today it was learned
that the bull interest controlled 1862, 600
p is p0used 6s yeT 900 thus 9ns e qs
disposed of by the bulls in the open pit. Most
Of the trading was In new. round lots; chang
another of zoe, 600 Fair deliveries were made
as the price in oats declined. but then a large
number ~, Of contracts defaulted Details Of
after opening &c up at "a. sold at s., dipped
to ssh and closed lc up at g. September
maize lower at 3lE. Receipts, 243 cars A
break Of &c in July wheat was the feature
of the leading pit today. Trade was dull at
Covering and the effect Of big exports of yes
terday started prices higher Deliveries Of
selling in all deferred options brought break.
July opened bc down to &c up at 75a7ls.
panicky fashion to SEA. Few traders want
ed the July article, although there was
fair cash demand. September opened @@Ac
%1%c down at 6eh@6sM Excellent crop
news. big receipts and fnc weather Influenced
a marked increase in the September December
spread. December selling lc below September
The feeling In wheat as elsewhere was that
with manipulation out Of the. way imitation must
come out OF prices in all options. July closed
So down at 69%. Local receipts were SAG
cars seven of contract grade; Minneapolis and
Dululn reported loS cars, making u tOtdl Tor
the three points Of sol cars. against $50
last week and aga a year ago. Primary re-
eeipts were 4s. 600 bushels, compared to ee3.-
600 bushels last year. Seahoard ciearances in
wheat and -four equaled 236. 900 bushels. The
seaboard reported ~ loads taken for export.
Shere was heavy selling in corn, very little
support arrived and prices broke. From 9oc
the price OF Iniy corn on July when con-
trolled by the bull crowd. the price had de-
clined until today Il closed at Sc. There
fair strength to all options early on the small
receipts. only 81 cars. Selling in septem-
Der, however heavy induced by bearsh
reports OF excellent crops and good weather.
In spite of only 65 cars estimated for. tomor-
row, September sold from 56% down to SAN
and July from SO to Sc. There was little
rally in September early weak cables i'm
proved but the close weak, sc down at
55M.
Provisions were only fairly active and ruled
generally lower weakness in lard. Early
prices firm on a strong hog situation and
support. Ribs had the best support and Sep
TENDER options of this product closed 2hc
up at Sos 5. September nork closed I214c
down at Sl6.77h and September lard 5@7hc
lower at $40. S21z9 Io95.
The leading futures ranged as follows: