The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-07-04
wheat AT CHICAGO
TURNED AND WENT UP.
GAIN OF ONE AND ONE-HALF
CENTS REGISTERED.
Corn Strong Owing to Heat in
kansastPr0visiOns Showed
Improvement.
REPUBILC Special.

REPUBILC SPECIAL.
Chicago. July a.-Wheat reacted to-day
and closed liac higher than 1t did yesfer-
day for Sept. delivery. Corn was strong on
reported hot winds in Kansas. Provisions
improved on reduced marketing OF hogs.
Wheat.
The extreme heaviness that characterized
the dealings In wheat near the close OF Mon
days market had given place TO consid-
cradle degree Of hopefulness by the time OF
opening this morning Sept. wheat, the final
price or which Monday was Is'sc, was In
demand ut Sole. when business started. and
that although the weather map showed
general rains in the Northwest yesterday
with indications of more to follow. The
first expression of returning confidence as
indicated by such a material overnight
Improvement was considered more emphatic
than warranted by the circumstances. and
for half an hour thereafter there was a
gradual Modification of the first impuls:ve
advance.
Liverpool started from I'D to sd down.
but gradually improved until at 3 y. m.
Liverpool time, the decline was only i.d
for futures. but spot wheat showed loss
OF from 2.d 10 Id n GENITAL Paris and An
twerp both sent lower quotations. Paris
declines being the equivaien; % &c and asc
bu.. and Antwerp Of sc a b.. After the
reaction that followed the opening bulge
mere cablegram was received from re-
liable source in Odessa stating that IL was
now certain the total wheat crop OF that
country would be below middling, and some
ouSinS thereby induced caused another adj
vance, which did not stop until II over
stepped The limit Of the opening bulge.
Inc adVices from the spring wheat terri
tory gave no indication of rains having
done any good to wheat. which was gem
orally described as beyond the aid Of rain.
however. copious or long continued
Local receipts were li5 cars. Minneapolis
ana duluth got only 50. compared with
ES ihe corresponding day of the previous
Week Atlantic port clearances of wheat
ana hour were equal TO $4,000 bu. Vessel
room was taken for shipment of 20J00J bu.
OF wheat received on contracts yesterday
me farmers In the Northwest reported 10
De paying high prices for wheat for next
seasons seeding
The opening prices for Sept. wheat were
over range of Soi.c to S0s,c. and after
reactlng 10 1si-c, 1t rose irreGularly 10 slI,c
II closed.
Corn.
corn was strong. paying no attention
as Tar as Influence upon the price was con-
cernru-to local receipts, WI .ch exceeded the
previous days estimate by Isl carloads The
number Inspected into store was / l6l cars
Receivers said that present receipts wrr.- OF
corn bought three weeks ago. and that thi,
week would sec the last OF deliveries from
tne country on OLD contracts, after which
the receipts at Chicago would be very light
The shipping demand was reported as Civ
ing no sign Of abatement. but II was not
urgent Acceptances by cable were re-
celved here at q boatioads.
Estimated receipts for tomorrow were go
cars. Exports from the seaboard were 13S.-
600 bu- Liverpool quoted spot corn down Id
and futures from 1zd TO Id up.
The hot winds in Kansas appeared to be-
come hotter in the afternoon. TO judge
from the way scaipers In the pit here bid
for corn.
Sept. opened at from 42a.c to &c declined
to f2sc and from that rose TO 4i2sc. Ii
closed worth 4SssG43S.c.
Oats.
The oats market was again suffering from
Northwestern liquidation. the rains in that
country changed entirely speculative senti-
ment regarding the cereal I'm question. Dag
get, 1rw.n-Green. Harris, Candy and other
commission houses had numerous selling
orders. the decline Iesulting from which
being accelerated by stop-loss orders. when
from 2Slzc at the start, Sept. oats reached
&c. From the last price to 22ssc the decline
was rapid, but then came buying which
gave the price a start In the opposite direc-
ton and made the previous reasons for
bearishness look small. The great bullish-
ness OF corn was the chief cause of the
rapid change of front.
Local receipts were 49, cars with go ex-
pected for Tomorrow. Exports were only
ooO00 bu.
Sept. sold as high as 235s02s.c. and at
the close was bringing 23asU2311c, an ad-
vance for the DAY of iAc.