The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-07-12
MARKETS AT CHICAGO
ALL CLOSED HIGHER.
CROP DAMAGE CONFIRMED
BY BUREAU REPORT.
Wheat Picked Up Two Cents and a
Quarter-Others Made Good
Gains.
REPUBLIC SPECIAL.

REPUBLIC SPECIAL
Chicago. July denomination By The
Government Agricultural Bureau OF tue
extremely disastrous effects of nniasor'ipie
conditions OF the winter and spring wheat
crops was the motive power IN the gram
markets to-day under which wheat sa'neo
pie Corn rose rsc. and oats CSC In SYM
pathy. Provisions closed Ieisc higher for
pork. nc higher for lard and loc for ribs.
wheat.
Tho Government crop report issued yes
terdav afternoon was the factor IN the
wheat Pit. and rs soon as tranihS c"'h-
mcnccd il was seen how huliishiy II hdh
affected the traders. Sept. wheat. the clos
ing price Of which yesterday was M.sc'
found buyers Immediately this morning at
from Size TO Sec. and even s2isc Tor 1T
tie. There we're plenty OF sellers also at
such figures and very soon there were
found more of the latter than OF buyers
While that lasted-for about an hour-the
price showed a tendency TO drop some of .
first advance. and Sept. wheat reactea 10
S1i4GNsi7sc before buying was renewed on
n sufficiently heavy scale TO turn the toe
once more In favor OF the bulls.
Tho foreign markets were only mildly re-
sponsive TO the bulish purport OF the Gov
eminent report Liverpool quoted only
sd rise IN price of wheat futures Antwerp
made no change i'm the previous days iiS-
ures. Paris corn declined from &c 10 lStc u
bu. That show of apathy abroad old not
discourage the bulls in the local market.
and at the decline above mentioned they
took hold again with an energy that soon
raised the price far above its starting fig
ures.
Local receipts were IS carloads. as against
so the corresponding day of last year. Min
ne2polis and Duluth got only l6o carloads. as
compared with 4l3 the like day of the year
before. The total received at Western pri-
mary markets also showed great de-
iiciency as compared with the previous year.
To-day's receipts were 10000 bu., last years
Ui.ooo bu. The clearances of wheat and
flour from the seaboard were equal to TO-
Coz bu.
The shipping demand for Chicago wheat
was reported TO show more energy on the
part of Eastern buyers than was observable
yesterday for both No. Northern and Kan
sas hard Flour brokers also reported a
material improvement In prices bid from
the other side one -four exporter said that.
besides accepting all the flour be offered by
cable yesterday, his foreign customers bid
Is Sd a sack more than they were willing to
pay the day before.
Sept. wheat, after rising somewhat excit-
edly to SIC; reacted again TO sstsc, but closed
at s2ssc, which is 254c higher than yesterday.
Corn.
The corn market got considerable help
from the bullishness of wheat. although the
Government report on corn was suggestive
of a possible crop OF 2.2grc.0UO Blu. In view
of llac decline in price of corn yesterday.
there were doubtless some shorts that had
been encouraged to sell on the apparent
heayiness of that days market who were
easily stampeded. and they were the victims
of the early advance.
The local receipts were i39. as against 3S5
cars estimated yesterday. Chicago receipts
were estimated at AS carloads. The total
for to-day at Western primary markets was
61S.00o bu.. as compared with 1.426,0tV bu. tho
previous year. Seaboard clesrances were
6t6.0Io bu-. and New York reported the
days exports at TS boatloads.
Liverpool quoted futures from sd to asd
down and spot corn fad lower. There were
showers in several places in the corn coun-
try where rain was needed. but the general
purport of tO-Gay'S country adviceS was
that much more general rains Were needed.
Vessel room for shipment of 1,vy),UO Blu.
corn was engaged here.
Sept opened at from 43asc to 4S.sc. sold
dowa to 45l2c and up To 4f@4c, closing at
4i3sc sellers.
Oats We're firm and higher. largely in
sympathy with the rise In wheat and corn
prices. but also in view of their relative
There is no reason for such a difference as
2Dc between corn and oats. as there il no
such discrepancy in the feeding value OF the
latter. according to expert opinion. The
Government report was not far from what
was generally expected
The market closed sc higher for Sept.
Local receipts were Us cars. or AZ under
were estimated tomorrow. Clearapces were
9iS I'm