The mutual influence of the process of electric charge generation in nitrate organic precursors and a constant external magnetic field on the magnetic properties formation was considered for lanthanum strontium manganite La0.7 Sr0.3 MnO3±y powders obtained via combustion reactions. The investigated properties of the obtained samples include hysteresis, magnetocaloric and magnetoresistive effects. The correlation between formation process of extended ensembles of nanoparticles and the functional properties of complex oxide materials was also discussed. The manifestation of a strong magneto-gas-selective effect has been ob-served during the combustion of precursors in a constant magnetic field, which affects the charge generation process.