Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-07-19
WEATHER RULES GRAIN
Heavy Rains in the Grain Pro.
ducine Sections Caused Bull.
ish Feeling.
Wheat Receipts We're Smaller
and Shorts Scrambled for
Cover-corn Strong.
July Oats Reaches Highest Price
Of the Year = Cattle and
Hogs Steady.

cited session of the board today oat.
sold at 60 cents. he highest price
since 1874. The cause of this rookie
| flight, which was q gain III three day.
of Is cents and of ia cents today wa.
the fear of shorts in July options thai
they might not be able to secure oats
which would fulfill contracts and or
account of the heavy rains prevail
.ng. July lew opened at 90, a gain,
icf % cents over night. ranged be-
tween 60 and 90 and closed at 64ls
Chicago. July 19.-Weatier intluen-
ces ruled grain and the markets We're
bullish at the opening. Rain had fallen
heavily in most of the country east of
the Mississippi and in the lake region.
and showers We're scattered in the more
western states. This caused another
scramble by covering shorts. such as
marked the opening of trade yesterday.
In wheat it was largely a July market.
Receipts We're much smaller, altho the
grading improved a little. Contract
receipts for the whole week, however,
only equaled 6 per cent. against so per
cent of last year. The foremost fear in
the minds of shorts was that. With con-
tinued disastrous rains, grading would
keep SO low that contracts could not be
filled by deliveries. AS result July
wheat opened excited y higher at 7112,
and at once jumped TO 20. September
opened SAL TO Lass up at 13M.31s.
and touched 1sMA. Trade soon fell off
bit at these prices and on liquidation
July dipped to it's opening figure and
September to 72A.
Sentiment in wheat turned from
strongly bullish to fairly bearsh when
1t was learned that primary receipts
we're 1,15o,000 bushels. compared to
$4,000 bushels last year. Selling was
to 72l4 and closed only u of cent up
at 72l4 G72ss. July closed y of cent
Trade in corn was only fair, altho
prices advanced somewhat In the
which worked against grad
ing and the movement of contrac. on
the market today amounted to only
100000 bushels. The drop in prices for
July has caused an appreciable falling
off in the making of contract grade of
corn by private elevators, these houses
turning out only ffty-eig cars to-
day. Shorts We're all uneasy at the
opening and in consequence July corn
Was put to 60 cents. atho as trade died
down it fell off to 66ia. September OPP
ened u TO Is up at 6112 to 6lss, sold at
61A, but eased to 61i4.
J,,J,- corr, ,,.1c cti11 ,rn,,ta5 l,,, cbortS
and at the close made a net gain of Ia
cents, closing NJ 6Ia4. September, how
ever. was liquidated and closed weak
u as of a cent lower at 60Ts@61.
Receipts were 445 cars. Only eighty
one cars arrived today and twenty
eight of these being contract started
covering in oats. A tight rein
was held on the new July stuff. but the
trade was large and prices jumped err
ratically. Rainy weather. as in ether
grains. caused the bullish sentiment.
July opened %. higher at 60. the high
est price for oats in years. but cased
20 59ls.
September opened 4 to IS up "a. 33a.
% 34is and sold at 34l4
The highest price on record for oats
vas Teacneu by July Sboruy beIcfe the
md of trade. The shorts wanted the
,ew standard contracts covered badly
and bid the price up in ! and 2-cent
Jumps until the price gained tx cents
over last night at 90. The closing was
strong and excited ~ cents up at 64la. |
September ruled firm in sympathy with
July. but some liquida ton took off part
Vt the gain and that option closed only |
< of q cent up at "a, after having
cuched 34ss.
Provisions had fair support at the
opening but hogs We're lower and adj
'ances except in pork lost.