The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1902-07-08
MYSTERIES IN CORN PIT ON
SOMEWHAT SMALL EXCUSE.
JULY OPTION GOES To SI34c
FOR LIMITED AMOUNTS.
Control of Big Bulls Is Absolute
Wheat Has Rally After an
Easy Opening.

Chicago. july Following early ecsiness
tie -Tliu markets rallied to-day on reports
Of additional rains in the West Sept, wheat
closing l-gzsc and sept. corn sc Up. while
Sept. oats closed unchanged. July corn
shorts bid the tied-up option To Size. Tut
got little corn for their pains Provisions
closed IUc 10 Zizc higher.
Wheat.
A the opening wheat was sold freely on
the good weather If the days wheu JIe
board WIS CLOSED The stun seemed 10
come from al sources. st. Louis interests
being prominent luCer this pressure the
price of sept went nom I3-s. DA=. tae
high point Al tine opening. To- ~ Here
the pressure from sellers ease! Ep and the
market held steady fo- a time. Later r--
ports Of general rains IN the West stirred
-F excitement ard shorts IAN th- market
zap 10 sfg- TIE clos was uEM- = rsc over
Thursday close ~ H'Sc- Local receipts -
uay-i wee :, cars. s. Of contract Bra'.e.
Miuu.aruIf~ auH Duluth reported - y,rs
o. GtySN. making e total Tor the . pg.Et-
OF 1876 CIrS. Worlds shipments We're $50
'gf ru S.abaari C~lrarJUces IN wheat uut
flour wvie s'isaa 10 t7'.''' hG igy the if>J
: days. Primary receipts 3 days. were
I.@-.v" bu-. against r~r..l-'-J Tor tie CORE
spending period Il year ago.
Corn.
There was heavy selling OF Sept. corn
early on the Improvement In the weather
Hap. While tins option Wis weak. how
ever. May and Dec. were firm. Later sept.
SteIIiyi on thr rain reports and reacted
under fairly active buying chiefly for the
short account. This option sold between
Gle and tZleC. and closed sc up at 6-4c.
July CpEu. which - controlled absolutely uy
a CuteTie Of spectators. had a III Of h.S-
terlcs for = very slight cause There was
little trade in the delivery and such as there
W-S was IN the smallest possible lots. The
market opened unchanged To -i@c Up At &C
10 1Slec and rsTa.ued neglected around the
top Of This range most Of ihs forenoon. The
advice Of raiIS. however. frightened q Few
shorts with SELL lines To cover and they
ran the price up To Ni14c before their wants
were satisfied July closed &C VI At Sc
The Incident Is OF importance as furnishing
further evidence of what thu controlling
party con Do II IL wishes with those who
are short II July. So far as can be learned
the t- shorts have not covered This may
have been done in individual cases. hogy-
ever. without the public learning Of the
facts. Meanwhile this delivery Is liable 10
execute wii1 fluctuations every time some
belaJed short tries to cover a . y 1000
tn lot. a. was the cas- TO-DAY. Local rG-
ceipts for : days We're 50 cars
Oats.
Oats were sick" carly. getting z.T1tsc
under Thursday. but the Tar months recvy-
eyed late in the day on the com strength
and predicted showers. July closed Ic lower,
In sympathy with a drop In cash pElCsS-
Opening trades were over a wide range.
and. while the furry lasted. selling was
carried on with a rush. This was due
chiefly u the improved weather Of Thurs
day. Friday and Saturday. The rains to
day and yesterday. with predictions of
more. caused buying later. and a little re-
CUveTy. shorts coming IN freely. The tdSi-
ness OF III. cash market. however. worked
AGAINST such advance as were SCurei an
wheat and corn sept sold between 3fisc
and &-c and Ctosel UNCHANGED at Sf,c.
Fsta-sfFrG u. r. TAt cars for hire. T4v=