Omaha daily bee., 1902-07-22
COMMERCIAL AND FINANCIAL
Bsau Aided BY Fair Weather Have Win
ming Day in Cereal Pits.
ALL LINES QUIT At LOWER LEVELS
July Oats After Menacing 60 stam-
pede shorts Closes weak while
wheat Varies and Corn H.
Dull and LIstIess.

CHICAGO, July z.-Bearish sentiment,
engendered by fair weather and a better
day on the board OF trade. For a short
time July oats threatened to stampede the
crowd OF shorts by touching a new record
at SIC. In the end. however, selling was
free in everything, and wheat closed %g1c
lower. July wheat NC lower septem6er
lower. Provisions closed 7hc to 974c lower.
long time that Shorts were in despair the
fine weather of today, with plenty more
Both in the northwest, where the spring
wheat harvest began today, and In the
southwest, where wheat is In shock the
cables were. Indifferent to the dip here Sat
urday, owing probably to threatening
weather In England and France. But this
influence did not work against a lower
opening. The wheat crowd was. bearish
on general principles; Immediately how
influenced by marked decreases in the
worlds shipments OF last week, and in the
on passage. Receipts were very liberal.
but contract stun remained very light. Ex-
port business was almost nothing. bids
being NC to NC out of the way, and at
Baltimore buyers were reported asking to
have contracts cancelled. When estimates
for tomorrow's receipts were posted at 435
cars and the Visible supply increased co.,
900 bushels, the early bearish sentiment was
f fS ! Iar &nf i0 Taad seil wSs a fai ThSe la arPeeS SIt
was much mixed during the day. Sep
Sember opened .h@%c. to Nqhc lower at
5lhG71%c, and closed weak sGHc down at
l1bc. July sold at TIC on shorts covering,
ceipts. 2iS cars, FIVE contract; Of these EOS
were new wheat. but of the, new only one
car was contract. Minneapolis and Duluth
TSRi0ttse Of 49, 1ss. agar against az 52' last 'T Week i9e and shr ssi
q year ago. World shipments were 5,e65,-
900 bushels, against 100, 900 bushels last
week and 7,76l.O 600 last year. Primary re-
ceipts were 100000 bushels, against 1.257,-
600 bushels last year. seaboard clearances
Corn was dull and listless most Of the
day, buoyed up only momentarily by a
the temporary wheat strength. Receipts
were not large at 2T6 cars, 70 contract. But
private elevators turned out 2S cars, a
375.OOO bushels. After the early rally sup
port was wanting, offerings were made
was wanted. There was not much DISPOSE
ton TO, sell short. but the fine weather,
SsndiP The eei large 'es immSStteedmernesc e anu fbrraoImlgnhg;I
weakness. September sold from 6O%c up to
s1%c, broke to 6Ohc,. and closed weak "a
but closed weak &c down at s5ac. VIC
Oats were weakest of the grains, al
of strength early in the session. a break
that the shorts had Settled in this option.
But at once the price was put up to &C
On good support and a sharp trade resulted
for a short time. Receipts still we're small
there were IS cars of new oats. Iowa sent
reports that one-third of the crop of that
state had been damaged. In the end the
fine weather prevailed against the bulls,
and all prices weakened on liquidation,
selling. said to be for the interests thai
control the short lines now out helped
break prices. September sold from 33Nc
down to 33hc, and closed weak %@%c
lower at ssgAaas%c. July closed weak 1hC
Provisions were heavy and were for sale
wanted at the asking prices. Hogs were
abundant and had to sell at discounts OF
i0c to loo. The selling was so concerted
that II appeared to. be for the purpose OF
breaking. the market. September pork
elosed 3T1c lower at SlS.0 90; September lard
lower at $40. 671.
Estimated receipts tomorrow: Wheat
head. WV"
The leading futures ranged as follows: