The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-07-06
SPECULATIVE GRAIN
MARKETS OPENED STRONG.
BULLISHNESS ELABORATED
NEAR THE CLOSE
Liverpool Strength Caused the Ad
vance-PrOvisions and Corn
Ruled Strong.
REPUBLIC SPECIAI.

! REPUBLIC sPECIAI.
! Chicago, July Speculative gram ana
! provision markets were all strong to begin
: with. but their builishness had about
. eviporated before the end of the session.
The heat OF the weather at Chicago had in
famed not only the blood. but the imasina-
4 tion, of the traders. who had dreams Of hot
Z Winds blshtins the tssseling corn and
shriVclins up the already mummliied
| spring wheat But there were other condi-
tons prevailing In both tho corn States
ana the spring wheat region. where rain
and moderate temperature encouraged the
, hopes OF the growers. Those latter consld-
erations caused the subsistence OF the open
ing bulge.
Tho Liverpool quotations furnished the
! motif f"r the opening chorus In the wheat
pit, In which the clashing of cymbals and
I hrazen hellcwinss from trombones Of the
bulls completely drowned for few min
utes the snoring of the big bass0ons OF the
hears TIE latter however. quickly began
selling the volume Of their sound. but not
unui' by their strenuous blowing. the bulls
mad temporarily exhausted themselves.
Liverpool at the immediate opening here
was Ia per GENITAL higher than It closed
Tuesday. and the next quotation. which
came I'm a minute or two las--, added an
"'her III tn the first advance nat st.fTened
the market that one Of tie prominent
he'Lvy players WAS finely assisted I'm unload
lHS a considerable line Of long wheat On
the opening bulge " While the weather In
IN" Northwest and extending up north into
-I"hitoha was emiEcntly favorable 70 what
was left of the spring wheat I'm those ter
tl'"rlea; The general tenor of the news
from There was that very little was Jeff
Few reports Of less dismal character
shone In the darkness like a lance Of sun
SHINE INTO 4 darkened room through a chirk
III the WINDOW shutter. but were lost In ,h.,
general 81 ON Rain had fallen plentifully
IN many sections OF the Grouehtv regio,
since Tuesday. and the temperature was
Such as 10 allow the moisture to have thu
best possible effect.
Inc advance at Liverpool heavy "a 4.
was, only brought Il within SC or &c OF the
ttuFaIeht VdiIe being paid by SPECTATORS
mere. mat would not have counted for
hAuth' perhaps. mad IL not been ths, the
traders TOT q rise were Inclined to go slow
unth the effect Of the southwestern move
HieHi OF the heavy crop raised In that seq
ZION saaIi have been observed. There are
many who think the domestic milling de-
nand VIII be So great that only a small
portion ut The Kansas winter wheat Will
ma It's way 10 the western centers of ac-
c'!nGidt!on. but that is mere theory so far
NiI!th t'te iact may or may not confirm.
u was marked In support OF II thai sine.
TUESDAY .. U-i bu haI been received AT 81
!.'Eis. coIL-la.cd Win iISvSu pa Tor the
corresponding Two days last year. The Wes
weather, however. during harvest NAV
H1He E1Ji Ce,t. 10 40 with the Hardness
o. iit nov .Iit III Chicago T,geirsi 10 cara
% wheat, minneapolis and bI.l.:E suT -,
a 1s~-'ls' % 4 Week ago tn seaboari
tI-'tFiinSeS 81 wheat and EOuT since previ-
oGSiy reported were equal ~ SS. u,o bti.
Besides ihe selling %. long wheat for local
account the Northwest was reported 10
nave sent selling orders. and d .oad deal
Was sod b. commission hgu.as taat have
connections with Kansas city.
Aug. was so!i over a range OF from s1i.,
To Stso az ine "prninY. ana gradually
i iHe ciSSe II SOD al 'sr,c. or about where It
let Oh Iues1ay. After 4 decline to 79l.l; |
'''.e 1t finally rested to use
The dry weather that had been reported |
from. some sections Of Kansas, Was not a |.
factor to-day IN the Speculative trade. The i
genera. since Tuesday The builishnsss |
OF wheat - the start, and an advance OF l
from Ssd To I'D at Liverpool for futures |
save this market a strong send-ofr. which |
was taken advantage Of by some of tho ,
most vOCiferous OF the bull crowd 70 an
load tn.ir long corn. The best prices we're
IS ElSh a. He. but from that down to |
i.'sc ~ the sane time, Il subsequently |
Grglped back 20 +3isr. which was its value |
hair an hour from the close
Local receipts We're 81 cars. and az |
stated In bu. receipts re 90 bu At 4
chicago, and shipments 5vS.cD. The sea-
board clearances were $500 bu The ship |
ping demand VAS reported To have been |
Isent enough 10 absorb some where about !
l.ctl,Fo bU., AT Chicago and New York "a
ported export sales OF >. bpatl"ads. Liver
pool only advanced IA foy spot corn, as 4
s=aiAst 81 "a --u Tor futures. Sept corn
afT-f touching 53.sr. reacted To and closed /
al 6'sr, Or i-icc lover than IT die! Tuesday !
Oats.
Oats opened strong. IL sympathy with tho |
advance in corn ana wheat az The same |
tir1r. good speculative business was
done. and lLe ton. OF the market Was on /
tho whole firm. S-pt. ranged from "a. 70 |
- &c at the operiI.g. ana these figures !
marked the eXtrrBes Of tho days huctua-
lions. The close was Csc. against 23-... 1
. - Tuesday. The lOca! receipts wer. - |
cars. and estimates for Tomorrow for 40 4
ears; seahoaId ciearan.es were as. CIV bu.