Omaha daily bee., 1902-07-31
COMMERCIAL AND FINANCIAL
lricss Rally Altar Early Depression, but
Market Has Dull Tone.
HARP CLASH BETWEEN BULLS AND BEARS
n the End, However, Cereal Values
Quit with Substantial Advances
HOG Products Rally from
Recent slump.

CHICAGO, July 3O-Unsettied by the
losing operations in July corners, all the
E RAJ markets market fooaH . Mere ,be s gact that
! marginal price OF &c was put on July
sew oats yesterday, the bulls In this deal
~. Indicative the probability that the July
bats corner will have to be settled in the
ppen pit tomorrow. In other options OF
his and sSr,S St 6ns s grsins P STirs. h down. Sne cO weip
ng for short accounts, a developing specu-
alive and export demand and estimated
Heavy checked declines in the new crop
deliveries put fresh gimp in the July deals.
At the close July wheat was 1hc higher,
s sfFRsern sept Sness corn coz RRc DOW down. eP septem-
Der oats &c up and July oats &c higher.
Provisions closed loo to 22hc up.
There was bad blood between the bulls
Ind bears on the oats situation. Much
comment over the marginal price OF 45c
Riqued the shorts. but they In turn were
men who were exacting tho uttermost
tarthing from the shorts In July contracts
IL a time when such action is not regarded
we're wroth over the great amount of trade
hat has been kept from the Chicago mar
get lately by too much manipulation. All
lay legal proceedings were threatened 20
protect the shorts. Plenteous receipts
Weakened deferred futures early, but in
kuly the pTo6a3 9hs ha Inet ~ no the bsn suu" w CLAUS ne
Influenced sharp advances and a nervous
lone. The congesteG option sold from Coo
% g strong close at SIC, &c higher than yesoo
parly, depressed by the early weakness IN
corn. when other grains rallied, however,
rallied to a firm close. &c up. at S2hc. Re
eeipts were 1854 cars, 128 of contract grade.
Wheat had a very weak appearances
early, but ultimately recovered its position
and advanced. Early bearish incentives
we're heavy receipts, both primary and
local, lower cables and fine weather. Sep
quantities came out on stop-loss-orders as
the price broke under zoe. The local crowd
soon started an upturn. however. braced to
northwest and of a big export business at
the lower prices. A leading elevator con-
germ took on stun literally and augmented
has been a great deal of delivering. was
wanted and on covering this option TOOK
on considerable strength. III good short
interest in September helped in the upturn'
The volume OF the wheat movement seems
to be undiminished, but for the time beine
this influence seems to have had Its ful
TO 72%c, rallied to 75hc and closed strong
iMc up. at 75sc. II is thought there is 9
pTettS Iait - s, ssttIs Su 1n ,h sno o1en market 20.
morrow. September opened MGkc dow al
7OA@70hc, declined to 69%c, sold up to 70%C
and closed hr M &c up at IO1hc; Local cSn re,
grade, and Minneapolis and Duluth re
ported 1888 cars, making a total for the three
points OF o0i cars. dEdlnbL fl a ytdT d6O
Primary receipts were 1,359.Vo0 bu., against
i,121, 900 last year. Seaboard c~learances In
wheat and flour equaled $4,000 bu. TIT
Beaboard reported IA loads taken for export
In two days.
Corr snfferad~ extreme depression early
today, caused by a renewal OF liberal Sep
TENDER selling on the influence Of lower
cables and fine weather, and an Amos
total absence of support. The selling wai
of the same kind that depressed the marke'
for the last week. Prospects of a very
large crop, made loudly probable by per
feet corn growing weather. was one OF thu
principal bearish Incentives. Septembel
broke from 55%c to 5f%c before any of TT
old friends came to the support. Then oil
the estimate of only 70 cars of corn Z
arrive tomorrow there was some fair bid
ding and September advanced to SEC. clos
ing only a trihe easy, NC down, at b51c
posed the bull crowd had abandoned tn
opened &c of at BIC for September. !
little July stun was wanted, but no on
would sell Il at the low price and Jul.
skipped to COO, closing strong. &c up, a
bs1kc. Receipts were III cars. 10 of contrac
Provisions were only fairly active. bu
ruled very firm, against the depressini
lower and prices dipped in all products
Packers supported well. however, and tn
close was strong, especially in lard. Ser
TENDER pork closed, 10c higher at 1858
September lard 22hc up at 5000 and SEP
TENDER ribs 17ISc higher at $10.32k.
Estimated receipts for tomorrow: Wheai
sl5 cars; corn. 70 cars; oats, z5 cars; hogi
The leading futures ranged as follows: