Omaha daily bee., 1902-07-08
COMMERCIAL AND FINANCIAL
July Corn Bid Up Over Seven Gents BY
frightened Shorts.
PROVISIONS DISPLAY STRENGTH
Close with Good Advance, While Sep
tembeF wheat and Corn Quit
higher, but July oats ne
cede One Cen

CHICAGO, July 7.-Followlng early easi-
ness the grain markets rallied today on
reports of additional rains in the west,
September wheat closing hnhc ana sep
TENDER corn sc UP, while September oats
closed unchanged. July corn shorts DID
the tled-up option to SAC, but got little
corn for their pains. Provisions closed at
XII the opening wheat was sold freely on
the so09 we cl : OF The .ne stu9 seemed 90
come from all sources, ST. Louis interests
being prominent. Under this pressure the
price of September went from fosa.S1fc'
the high price az the opening, TO I2zc.
Here the pressure from sellers easeo up
and the market held steady for a Time:
Later reports of general rains In the west
stirred up excitement laler and shorts ran
the market up to 74c. The close was nrm'
hdMc over Thursdays close, at 13zsc.
Local receipts (three days. were SO cars, 2
of contract grade; Minneapolis and Duluth
reported 9S cars (three~ daysg making a
total for the three places of Loss cars.
Worlds were 6,560,00O bu. Sea-
board clearances in wheat and flour were
Primary receipts three days. we're i,sSs,0O
bu., against Il, 1905, 900 blu. for the correspond
ing period a year ago.
corn early on the improvement In the
weather map. While this option was
weak, however. May and December were
active buying, chiefly for the short ac-
count. This option sold between Gle and
62hc and closed NC up at 62kc. July corn.
which is controlled absolutely by a coterie
of spectators, had a fit OF Mysteries for a
very slight cause. There was little trade,
and such as there was was In the smallest
possible lots. The market opened un,
changed to 215c up at UG1sl5c ana remained
n mast ~ The sf forenoo nne The hop ad Hr esio Of RAMS rams
however, frightened a few shorts with
small lines to cover and they ran the price
up TO S4Ac before their wants were salts
Ned. July closed &c up at SAC. The incl
dent is Of Importance only as furnishing
evidence Of what the controlling party can
OF July. So far as can be learned the big
shorts have never covered. This may never
have been covered In individual cases, how
ever, without the public learning of the
facts. Meanwhile this delivery is liable to
execute wild fluctuations every time some
belated short attempted to cover a 5000 OF
10000 blu. lot, as was the case today. Re-
ceipts for three days were 35 cars.
Oats were sick early losing re: but tbs
corn strength and predicted showers. July
closed 1c lower in sympathy with a droI
a wide range, and while the furry LASTED
selling was carried on with a rush.. This
was due chiefly to the improved weather. Of
Thursday, Friday and Saturday. The rains
more caused buying later, and a little re,
Sessr 81 ter cash Sh0m market, h however, H %o g :
against such advances as were scored II
wheat and corn. September sold between
34hc and 331sc and closed unchanged a
34xc. Receipts were $50 cars for thre'
days.
PROVISIONS opened strong ana In tue mali
ruled that way throughout the day. A
sharp advance at the yards together with
the high price of corn and wheat were thu
influences. The advance disclosed a con
siderable short interest, which did most o.
the bidding. September pork and Septem
Der ribs closed 10c higher, while septembei
lard; the strongest on the list, showed
closing gain OF 22hc.
Estimated receipts tomorrow; Wheat, 2
cars; corn, 200 cars; oats, $50 cars; hogs
$1,000 head.
Tn leading futures ranged as follows: