The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-07-07
SLIGHT UNDERTONE OF
STRENGTH WITNESSED
WHEAT RULED 4 LITTLE BIT
FIRMER-NO GAINS.
Corn. on the Other Hand, Showed
Quite Fair Amount of Strength
Closing at an Advance.
Office Republic.
Friday. July {, islH.

ElLaA. July v. is'''-
The speculative grain situation most "l
tho time to-day was III a very satisfactory
condition and developed few real features
Of interest to the trade. outside Of conn.,
which exhibited considerable strength. the
different markets were neither bull!sh nor
beariSh. through. if anything. they Leaned
rather more to the latter side than the
former. Suu neither side Of tho account
had any great advantage. ana during :he
day there was no significant impression
made upon values. There was TO stir t.
speculation. and the greater part Of the
-inle the pit was quiet. the disposition of
traders hciaS apparently To hold of ana
await further Developments. and, IS re-
sIIt. there were times when the markets
were nearly At a stauGstill. both as regards
the movement of prices and speculation.
Wheat managed once during the course
cf the day 10 get a little move on. and
Prices were put I'D some. This advance.
however. IVES of short duration and Of no
particular Significance. and the final iis-
urcs were about where they closed ycster-
day. There was little in the earlier advices
10 encourage traders 10 take the long side.
In the first place. there was too much ac-
tual wheat arriving. and the prospects were
rivals here this morning were 6-.90 hu.. as
compared with $500 hu. last year. while At
spring-w heat points they fe! largely below
those of q year ago. Again the weather
conditions could not have been improved
upon. Rains were again reported In the
Northwest and the crop was said to be i'm
proving steadily. Iiverpool's first cables
noted decline there of led. but later that
market was said TO have advanced li4d on
good outside buying. london was off sd,
H. g. .aF
lional nature. the condition beirS reported
at only p per cent and the Yield estimated
rt l2.ess'e go bu. according 10 Beerbohm,
the Argentine shipments were 1854 eco bu-.
while Broomhall MADE them still larger IL
.. les go bu. With the exception OF Mime
apoiis and St Louis. domestic markets
orened better. Our market was unchanged.
opening right where II closed yesterday.
with Sept at 7S5&c. and from which there
was n quick drop TO ,11sc. July had .1sac
bid. and shortly after sold at 7Iisc. re-
action 10 1SSsC for Sept. followed and caused
considerable wheat To come on the market !
most of which was from receiving houses. I
As there was no d rnand to speak Of. prices |
broke freely, the above month going OF 10 !
T.i2ussc and July. which had sold at IIc be- |
ing offered at 1876. The closing Liverpool |
cable, showing a decline for the daE or ltsG. |
was factor IN bearing prices. Paris MAS
i.Gi2c lower, hut Berlin was &c higher ana /
Buda-Pesth i5qssc better. The DAYS clear j
ances in -four and wheat were $500 bu.
There was a sharp upturn to prices about |
this time, and the strength developed held /
TO the close. This was brought about by |
actual cash demand. which was the best
had for many day Chicago reported large !
sales and New York was strong on large /
xDort buying. and Il WAS also stated that /
y vessels had been chartered at Galveston.
There were safes of -four for export here
md 2 good demand for cash wheat. All ,
his had a beneficial effect. and there was
a good advance. Sept. selling at iSlsc and
losing isc better for the day at 7S5sc. July
lad 7s1sc and Aug. 7Si4c bid. and both closed |
II 7Sc, which was the same as they closed