The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-07-20
WHEAT, CORN AND OATS
OPENED VERY WEAK.
MODERATE RALLY TOWARD
THE CLOSE.
Wheat Added a Cent to It's Price
Corn Higher and Oats Tn
changod-Proyisions Quiet.
IL TTBIIC ErrCTAr.

4st Blu 81 EfIAla
chicago. July I9.-Wheat. corn and oats
started unusually weak and closed m"der-
a,aly strong. The bears In wh.a; played
The large crop estimates Of some statisii-
clans ami the absence Of any bu; the small
so sort Of shipping demand. while IL" balls
Kept up their end 10y rscitinE the lUsgbri"us
si"t!"3 they were stil receiving Of crop
i"ii,.ro from Tho Northwest, and the great
domestic milling demand from home manu-
;tc,ur"rs Or flour. for the only wheat Of
which there - "a surplus to spare for ship
meut beyond the borders Of the region
where it waa produc-d-the winter wheat Of
tho Southwest Wheat after Z" decline
closed Ic higher than it did yesterday.
Wheat.
Wheat opened very weak under n cnmbin-
alton .: lower foreign markets and reit,ra-
ton 10y the Price current ~ its former
optimistic estimate of the seasons whea;
production. Liverpool reported futures from
l'id To- Ii4d lower to start with and Paris
cabled reductions OF from lac TO e a bu..
while the Price current said the outlook
from tn" seasons yield was for surplus
exceeding any yearly exports. There were
Immediate Indications from he character "t
the trading at the start Of considerable
wheat having Locn IN the hands of local
professionals. Who Wer. determined that
they would never put themselves IN opT1s!-
ton L" a popular selling craze. There
were sellers Of Sept wheat at anywhere
from ."HIc down 70 sjc and ROT many buyers
az over I"l@r. around which later figures
The market gradually settled for about half
an hour. \. the end of that time. under
IN" Influence ~ very bad reports concerning
The Northwestern crop a firmer feeling COM
m'nc.i :" spread. with the result that :he
early break was more than meuteI. sept.
To" 10 '7-sc "u rally. hu, did not hold the
whole OF lis recovered price.
Local receipts 81 wheat we;c ii5 cars.
while MINNEAPOLIS and iuiuth G"t -3iUJS
hu.. rs against .wi carloads IN" year pre-
vl"us- The total receipts at Wss.vrn phi
mary markets amounted t. :, lo,J uU.,
whereas the like day il 1879 they anounJe.:
70 $4,000 eu. fHe SCa.ast . Cicag;tn OF
wheat and Hour together were equal "a
-"'n' hu- The bottom price al tn" day WAS
hHu" al the opening. when one .. two lots
cEahSt- hands a. low as 40 Tor sept. .no
recovery continued To the cioSe. rne high
'Nt tclnS current at the close, Wnen sept
" as wanted ~ 1lisc and Aug. AT 1oi.c.
Corn.
Corn had fits a. the opening. but was I'M
mr.!iately surrounded 10y host Of iT.cDis
ana SET upon lis Ieet again he Damaged
portions Of kanSas and .>ebr8slI& were once
hi'E' maGe 10 show their wounds. and Tot
oL.y IA hsnsas, bat N"brdSk.i, IGey were
bleeding. The Price current sad az ne
corn crop. Il whole. tnay IL promised II
iu!l average. or better. the tTads. was nerc-
Curire the session some % their lost Guar
a-c- The country arceptances Mere cry
small. or 50 Reported at least by receivers,
ana the shipping G"maad was very good.
Win hni'.'TS showing their confidence IN tho
cash situation 10y demanding premium
over the Sept prIce Of l. a bu. more TN
store. Liverpool quoted sYot and futu-es
both ID lower. TIE primary Western re-
tc!pis wore a2n."r hu, compared with 49,,
d" hu. a year ago. Exports from the sea
beard were heavy. amounting 10 l.oS,'-o
tA estimated receipts tor tomorrow at
Chicago were a. ca loads. New York Ie-
ported 20 boatlpaGs for export as to-day
business. and abolt 5cr.uc0 Du. were reported
sold for shipment here The improyern mt !
that followed thu early slump lasted to the
SS.sfi%'r. or u" a pu. above the bottom
price made at the start. and sc gain on the
previous day ; rasi isures.
Oats.
The oats mark Z. like wheat and corn.
Was Senipan!chy TO start with and strong I
81 the vino up. The receipts we.e quite |
moderate and the shipping demand good. !
l."ci. receipts w'-o liy ears sales Of I15.- !
80 hU. were reported made for shipment !
from here. and New York reported Il SINH !
lar qua misty sold fo- export. Estimated re-
cars. Al the opening sept. oats were for I
sale at rom 2ii.c down TO 22s.c. With few |
AZ under &c. The subsequent recovery |
brcugh; them back 10 1850. and that was |
the closing quotation and was the firal fig |
ure also Wednesday
Barley.
harley continued unchanged. with only a |
small amount OF business transacted. Offer
irgs Were light: about cars. one car !
OF screenings sold for i2c and another II !
feeding bariey OF good quality brought 42c. I
Prices ranged from +2c TO 4fc. Receipts /
We're cars and shipments le9i7 bu. |
There were no exports out Of New York
Rye.
The rye market closed irregular. from |
&c higher for July. Trading was limited !
and offerings fa,r. Receipts were seven !
cars and shipments !, 4fN lu No . ON Track
sold at 5i'2Ij;.c. No. at 5si.c.
Fat