The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1902-07-25
CORN AND OATS TOGETHER
AT 70 CENTS A BUSHEL.
FANCY PRICES RELIEVE MO-
NOTONY OF DULL DAY.
General Situation on Grain Mar
ket Unsatisfactory TO the
Commission Men.

| Chicago. July a.-There were fancy
prices again in July oats and July corn to
relieve the mOnotony OF a grain session
otherwise dull. The former jumped &c TO a
new record price-1Oc. The latter sold az
~. but did no; hold its strength. The gen
erai situation in grains vas very unsatis-
factory to the trade at large owing to the
congestion in all July options. Fluctua-
tons were narrow in deferred futures. ana.
aside from the fair weather. the bearish
influence that p~redominated was that OF
''unstraddlinE' sept-Dec. wheat spreads
SEPT. wheat closed isGssc down. SnpC corn
IsaIsc lower. and Sept. oats sc lower. July
oats gained s.. Provisions closed &c TO
2iEc higher.
The cause OF the upturn in oats was the
bidding OF shorts for several "tens' ana
the reluctance OF traders to sell what they
did not have. Receipts were light at -
cars. Fair weather and good crop reports
Influenced an early easy feeling. but the
lump TO I0c for July aided prices OF de-
ferred futures for a time. Traders were
very much dissatisfied with the situation OF
the pit. On all hands went UP the wall OF
too much manipulation. Trade has fallen
uiatOrs are either fearful OF the biS fellows
or are apathetic- In oats business was very
light. Traders pointed TO other pits. es-
peCially 10 corn. and remarked that the
small crowd OF traders indicated the feel
Ing since the corner b. the Gates crowd.
They said the spectacle OF oats and corn
prices on a level killed trade. The public
was out OF the market. The man who
seems to control July new stun let the
crowd have a little at 7ec. but the price
closed strong. Sc up at that figure. Sept.
worried UnCaSily between 5iisc and 3i.c.
and closed easy. Nc down, at 3ilxc.
Wheat.
Continued good weather. heavy receipts
and scattered liquidation depressed wheat.
Trade was only in fair proportions. ana
made OF manipulation. There still contin-
urd a very light run OF contract stuff In
selling. The crowd bought freely for a
time OF Sept. but large interests un-
straddled from a Sept.-Dec. spread. and
sold Sept. freely TO all who wanted II.
Cables were indifferent. and IN the lack of
any sharp business prices worked down
ward. sept opened lac 10 4sGlzc lower, at
ing IeSIlc, and closed weak. LaSc lower.
at I2iSri4c- Local receipts were l5 cars,
only one Of contract grade. Minneapolis
and Duluth reported lsl cars. making a to-
ST last week and As a yea- ago. Primary
receipts were l.lS7.e0 bur, against s90.O0 bu.
and -four equaled 3CI.Oo9 bu. The seaboard
reported 10 loads taken for export.
Corn.
Corn was dIll and iuanimate most Of the
day. The fact that July was bid up to 7Oc
by a few shorts had almost no effect on
sell. get buying was not good. The pit
seems almost deserted since the bottom
dropped out Of July. The action to-day In
July seemed TO indicate that the Gates deal
was not dead Cables were higher. re-
ceipts were small at l57. but closing prices
showed n slight decline in most options
Sept. sold between e05sG6llzc, and closed
easy, lsTl4c down. ut 6liSc.