The Minneapolis journal., 1902-07-29
RANGE OF sEPTENIBERa wHEAr
OTHER GRAIN MARKETS
All Grains Subjected to a Strong
- Bearish Pressure To-day. sz
CHICAGO GRAIN


4 Chicago: July All grains were subjected
to-day. Fine weather, heavy grain movement
and ana q great improvement In. grading, due to
ings. Little stuff, was wanted by any one
except shorts, and they were. waiting for fur
-ther- drops IN a Very weak market before
gradual depression Influenced by; general
selling Of small lots and indications OF a. very
large primary movement. II. opened A9Ae
to %qsc 7oc down. Sogs weak
floor was that the depression was the natural
to Ac down, at 7sg7sAc, and held near the Ras
% Of contract grade. (of these receipts, 525
cars were new crop) Minneapolis and Du-
luth reported 256 cars, making total for the
three points Of 1888 cars, against 712 last week
weakness in whea. was augmented by the
report Of 1,41e000 bu primary receipts, against
1,123,0 600 bu last year and July went down to
-7a%c, and September. to 7oc.- Export sales
of Al loads at. the seaboard helped in a re-
down, at 7O3sc, and July only easy. Nc of, at
73Ac. .t @ u &.FS '7,sss
Close: Wheat, July, 7sAc; September, 7ossc;
December, 6sAc; May. 721sc; cash wheat, No.
2 red. 7slAe; No. 3 red; red; 67@seAc: Ne 2 hard
northern spring 75c.- nominal; No. north
ern spring, 73c; No. & spring GSg7lc.Ia az
July corn was offered freely at the start Of
trade without any takers::s :Atfthe opening
the price broke 1@2c, at 60c to 59c, and declined
to 5Sc.. September opened hgIe, lower, at at
5sc to 57Ac. in sympathy with the July break
and on heavy receipts and excellent. weather,
With manipulation out of the way, apparently,
the crowd was inclined to allow imitation
prices to seek a level which they considered
more natural when compared to the big crop
expected. September turned very weak and
plunged to 561kc in twenty minutes. Re-
ceipts were 334 cars, 81 Of contract grade. i.
Corn continued under the pressure Of heavy
offerings until September fell to 65Ac- The
estimate Of only 125 cars to arrive to-morrow
checked the declines and brought a slight
rally. The close, however, was very wea k,
July 4c down, at SIC. and apparently: aban-
doned by the bull mapipulators. September
closed 2hc lower, at 56c.st.
!. Close: Corn-July, Bic; September. 56c;
December 431sc; May, 411sc: 81 s .
Cash Corn-No. 2, b715969c; Mo- 8, 81 9oS5sc.
oats shorts had the comforting news; that
300 900 bu Of contract deliverable stuff was on
hand at the opening to-day: the promised
big movement to this market began. and 6Ss
cars (172 OF contract grade; and s616 of the new
CROP arrived. This broke July newp rices
Sc on the first sale, which was at 65c. Bust
ness in July was almost nothing early. Sep
ternber, however. felt the influence of fine
weather, big receipts and improved grading.
That option opened Nc lower, at 321sc. and
dipped to s21ac.
After slumping to 55c, July oats we're want
ed and the price was hoisted to a strong
close. &c UP, at 60c.4 September continued
weak falling to s1ssc, and CLOSING &c down
Close: oats-July, 4oc; new, 60c; August.
now, 34ci september, 2S1sc; new. BIC; De-
eenlOeS ass; asw s1s a4Sysc MY; Cash
5tphe following was. the range ot prices:
Wheat July. Sept, Dec.