The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-05-24
MARKETS AT CHICAGO
CLOSED WITH GAINS.
POOR CROP PROSPECTS SENT
WHEAT UP.
tOrn's Advance Was Due to Small
Recclpts-Oats and Pro
visions Higher.
I.TTUBLIc SPECIAL.

NAs
chicago. May 2&-Poo prospects for the
coming crop Of winter wheat everywhere
hut III Kansas and Oklahoma and a critical
e'Hii'i"u 81 spring wheat In the North
west "rro the k yuctcs Of the tune played
10y the local musicians in the pit. France,
Russia an! HE United Kingdom were ike
wise hafping on tn" same string. and their
o".eili strains drove the bears To covering
their short wheat. At the close July wheat
was ">H'2c up AS compared with ycster-
Gay. Small receipts and iar-e shipments OF
corn caused IL to advance -. oats gained
&c. Provisions advance Ky alphabetically.
Wheat.
The much-n'"ded rain for spring wheat
fell in the Observation-Disclosures territory In the
Northwest. and according TO the pro-
grtnlmr made ami provided in such event
wheat declined. hut not much. Thu nCccs-
sity Tor such qualification of the expected
q cline is another illustration q; the fact,
Wei known 10 experienced traders, that II
Is rarely possible 20 tell beforehand the ef-
feet upon the market of any given piece Of
news. Tire decline At The start was only
"a Sc, and from thar the market quickly
recovered. Not only WAS the recovery
made in fac" of what hLd been expected
to hup'lcSSly dcmcrtlize 1t, In respect Of
what has been already referred TO. but ca
hios even reported u cargoes arrived of
coasts and a; ports Of the United Kingdom.
1t WAS in spite of both the bedrish cir
cUmstauCoS mentioned that July wheat.
which opened AT from 65isc 10 tei.c. rose in
ii snort time to 50 -, cr - above the previ-
Gus days closing figures. There We're some
reasons for the markets firmne-s In some
other Items or the carly news. az can be
discovered in the following: Liverpool.
which opened slightly lower. recovered its
loss, an! Paris quoted liac 4 hu. advance.
The H'ssiau ;y host was making steady
progress with is destructive work over the
greater part of the winter wheat AREA, and.
while Kansas and Oklahoma gave prOniiSh
" I'm" crops Of wheat. Indiana, ii!iuois.
Missouri. Michigan. ONO. kentucky and
I~rn"SS". could not have anything but a
lamcntibly heavy deficiency.
Receipts were small. The shipping de-
maI.d Was heavy ia comparison herewith.
ana complaints were rtncwc1 OF unfayor-
able outlook for tae French and English
crops, with further confirmation of frost
damage in Southwestern Russia. In addi-
t'G To- all that the rain IN thc Northwest
MAS discovered to have been 100 light to
sufficiently benefit IKE suffering spring
wheat. and the weather predictions Were
Ter fair weather :o-morTow.
Chicago had q cars of wheat inspected
into store; as against 81 the like day of
the year before. Minneapolis and Duluth
had ~. as compared with IA last wear.
Eh- total receipts at the chief primary
markets We're @20,oJn bu.. whereas J4@. 80 bI.
w'r" received at the same places the cor
T'Sp"Atlhs r~y d last year IN" total OF At
!AAtlC port c~lsaTaGyes was equal in wheat |
ara hour - t-~t!Fb TIA. The inquiry tOr ship
Uert at Chicago resulted IN the sale of a
cargo of No. ! Northern Early in the session. |
Minneapolis Reported the demand for cash
wheat excellent ~ &c over July price for
No. ! Northern.
Hrosscau q Co. near the close of the
session. received "a cahlegram from Paris |
- very poor crop prospects, and that was
the signal for renewed strength here. July |
wheat rose To 67l4c and closed at 511su67I.c. |
Corn WI etro-or -. tho r.rf, I'D 80. 7
tlnuet 70 improve until il was lc above /
The price II closed 1t Tuesday. The receipts |
were only 10y cars. and the estimate for
tomorrow was 10. There was practical 1
undniiniiy II reports from the country of
the prospective continuance of small re-
ceiprs until the next crop was assured, |
thicago were again almost as heavy as
they We're Yesterday. or, say, about 100000
to New England. New York and Canadian
POINTS was said TO have never been better.
he weather was generally favorable, al
though some reports from Iowa and I'LL
n'lS said II YVES too cool for corn. Atlantic
port ciesrauces were 9l..r go bu. Western
primary market raceipts were only -, on
day OF the year previous. Liverpool quoted
Sd rise for July corn and I'D for Sept.
on local account.
July corn opened at from $3.50 to SC and
krr: advancing until 1t reached So, u31-sc,
which was the general trading price five
minutes from the close. The final ul1T9-
ttnn was 31a.c. New York reported IS boat
loads sold Tor export.
Oats.
Oats were dull and heavy. advancing only
"a. while corn was IN &c. There Was talk
Of Il good cash demand, hut ONLY 7otn hu.
were reported sold. There was p range of !
= IN Aar. with ouly two trades made.
ScaNorn bought $500 bu. and the price wsut
up ~ Then McIseyEolds offered awo hi.
iai the price dropped i,C. closing with SELL
at Pc. CIearauccs from the scab0aTd
To ESQ" hu. Receipt. were lf9
rars. with % estimated for tomorrow.
" ithdrawals from store amounted TO H.
~ bI.