The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-07-26
WHEAT'S UPS AND DOWNS
AFFECTED ALL MARKETS.
NEW LOWEST PRICE IN LEAD
ING CEREAL RECORDED.
Closed Nearly Half Cent Higher
After Sharp Rally, While Corn,
Oats and Provisions Lost.
REPUBLIC SPECIAL.

REPUBLIC SPECIAL.
Chicago July - The grain markets were
very weak 10 begin WITH ana all except
wheat of the three principal commodities
lost permanontly more or less of their
previous days value. Oats lost &c and
corn i.c. but the others after an early
decline of sc, rose until half cent was
| added 10 the previous days closing figures
ana wound up with net gain of I.Hs.r.
Provisions were dull! and pork and ribs los,
each &c and lard 2I.c
Wheat.
Wheat was very went for an hour. durln.;
I which time new lowest price since the
early July bulge was recorded. Sept. what
started at lrif'c higher than it closed the
DAY before. but the feeling that induced
some fresh buying NJ the opening quickly
eVaporatet. and uHmtigated weakness took
its place.
The opening trades wero az from 75ssc u
i"irc, compared with 75i.c ~ yesterday
session came to an end. There WAS an i'm
mediate drop to 'sc, and for matter OF
ten minutes the price wabbiet IN an uucer-
tdin way between .5c and 1Jisc before taking
another header that brought II down 10
-. pniy little changed hand, below
5ii=c. but CROUCH Tor a quotation mark sod
a. the lower figures
The most bvarish features or the market
information at IN, Tim" were the weakness
Reported of foreign markets ana th,. closing
OF a number ~ Hour mills 1T Minneapolis uu
account uI poor demand Tor -four. Liverpool
WAS from =! To $.d lower for futures and
from 1Id down for Kansas wheat spot 10 III
4l"rr TOT NJ. 1 Norlh,rE. Futures 1T the
close IN Liverpool We're from 81 to 10 down.
iarls wheat futures were from isc To- - d,
bu lover. tud Antwerp quoted Il reduction
NA.NH. .
Idne. London. quoted wheat from 81 To- 81
Il quarter lower since Monday. and Hour
from 81 10 III a sack OF - lbs. down.
Ia answer 20 a query cabl-i 10 Liverpool.
the Following explanation for the absence
~ denlanj tor American wheat was re-
ceiV-d This morning by Il chicago firIn:
cheap Argentine wheat fine weather. poor
ucIhiAd Tor nOur, and expedition OF lee
shipments OF wheat rrOm Russia" Stop-lu,,
"iucTs came INTO play here on tie u-,lIuc
ana preciriiat-d the break rciegIcd 10
above.
Local receipts ~ wheat were isy cars. OF
which Ia weiu from this seasons crop.
Tie number received "A year st-o Was II
carioIds. Minneapolis and Du.uth got 25l
cars, against ~ last year. and tho total 1T
The chief Western centers amounted TO
AivJ bu., compared with 1ss.u,sr biI. the
like day Of the year before. 81. Louis got
Lice. bu., against l0l.trJ bU. last year.
Kansas City. lio,roJ bu, compaIed with
4!.Vr bU.. Toledo, loscvS OU to-day. 1850
Il year ago. ana Galveston, zA.i.0 bu-.
'-SNA-'-'N
German crop VAS. Wheat well above th,.
average: rye only little above" Clear
aHg.s ~ wheat and -four from Atlantic sea-
ports were equal 10 lvc.,c1 ru.
The taking Tor export y, about 0iOCgp bu.
wheat OF viriOus desc.ipIiOns-chieiiy Kan
sas hard-and good domestic milling de-
mnnd for No. TED winter at from &c to
liac a bu. over the price of regular sept
wheat started demand which raised Sept.
price to iJi.c after the early decline. and
caused the reEiacins OF some good-S'z''d
lines Of long wheat that had beJi; dumped
during the declines yesterday, and this
morning Sept. ;ose To .0Hsc and closed al
80 20 'S7se.
Corn gave further evidence OF the prepon-
deTating Influence of the magnificent crop
prospect 10 the extinction OF the previous
ruling factors small reserves from the pre-
Cediug crop, and good shipping demand.
liue growing weather ana the Ia ss.sL area
ever psantei had apparently commenced 10
dominate the speculative sentiment N corn.
The local receipts were ~ cars. against
20 estimated ami ttsi Received the cor
Responding day Of last year. Liverpool
started sd down for futures, and some "a!
10 I'd lower for corn ON the spot, and fu-
lures had a further loss. bringing the days
reduction to lisG The total receipts at do
nestle primary Western markets were CO.,
l'S bu, against Sl',GG2 bu. the year previous.
Seaboard clearances for the day were 49,
90 bu.
The shipping demand was good. but, owing
10 scarcity OF country offerings. holders
were firm. and that checked business, only
1000 bu. being reported sold here. New
Sept. corn opened at from 3oisc to 3Si.c.
dropped to atisr. Recovered TO 3I.s SC, and
closed at 3i5.c.
The oats market felt the effect OF the
heavincss In wheat and corn in the fore
noon. and at no time was there any such
general desire to sell bats az led 70 the
great weakness that at one time prevailed
IN the other grains. The lowest price
reached by sept on the decline was 222.c.
and. 22lsC having been Tuesdays closing
price. only &c loss WAS shown at lis worst.
The opening price was Use and the closing
figures &c
The local receipts were 6s6 cars. compared
with cl5 the corresponding day of the year
before. and the estimated number for to-
morrow was lOD carloads. SeabOard clear
arces were small, only lJ.CIJ bu. being re-
ported Sales Of l50.JuO bu. for shipment
were made here
Rye.
Rye was possessed Of independent strength
ard closed from i.c to isc I'm advance OF
the ending figures of the previous day.
There was some inquiry for cash. with li:tle
worked yesterday afternoon. Receipts wsr.
light cars. There were no exports out of
New York No > Z. q. b sold at J2i.c. and
NJ. brought lSisc July started at 5li,c.
and closed at 81 C Sept. opened where IL
closed Yesterday. and went as high 5}c.
and ended at 524c.