The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-07-03
MARKETS At CHICAGO
CLOSED WITH LOSSES.
WHEAT DECLINED NEARLY
FOUR CENTS.
Corn and Oats Followed Down
Provisions Dropped Pre-
vious Gains.

REPUBLIC SPECIAL
Chicago. july Heavy deliveries OF
wheat GA August contracts We're mace De-
fore the session opened and again ai'er IL
closed to-day-about 100000 bu. IN All. Inc
early deliveries and rain in the spring
wheat country gave the market weak
start. and the manipulative tactics o! t'e
elevato! company that sent the wheat
around were given as the cause OF the
break near the end of the session. but Ii@
the price Of futures 3a1c lower than they
closed Saturday.
Corn declined &C. oats lisc. Provisions
lost something of the previous advance
The whip appeared to have fallen into the
hands OF bears.
wheat.
Wheat was weakened al the start b. the
reported general rains in the Northwest
10y materially lower quotations from i-Nef-
pool and heavy deliveries on August con-
tracts before the session opcned- III was
hoped the rains would materially help ldst
sown wheat. There appeared TO be an I'M
preston that they had done SD already.
Many Of the late successful men on the
buil side did not have any further interest
In the condition Of the crop. They had sold
their long wheat at a profit. and, Ike he
man who had q note falling due. they -fsTe
not Worrying over what chiefly conc=-.sed
the other fellow. In the ease ot th@ i''ic-
out bulls the other individual was the man
upon whom they had unloaded. Liveif""i
opeLed at from sd 10 I'D decline and had
increased the loss to from Esd TO l'sd be-
fore the close.
The deliveries OF wheat on August con-
tracts were over s.Ooe.Geo bu.. but it was
understood that the elevator company thit
sent out the bulk of 1t took IL back again
through another set of brokers. The worid =
shipments CT wheat wer" 6,S9ivp bu.. as
against SiSSe1 bu. the similar day OF inc
previous year. The quantity on ocean pas
sage Increased ISL 900 bu-. leaving 81 ,l6S.oo
hu.. as compared with S,lGS.o0o bu the cor
responding time a year ago. Local lnspec-
ton into store was 90 cars. Minneapolis
and Duluth &C; 80 ears. as against IA cars
the Monday previous. The visible supply
Increases 9Is.1a bu.. Including about bs"o
bu. private elevators wheat at Milwauke-
that were this week added to regular ON
cal figures. The total Is now isiiZ.VvV p1''
as against 80 aS..uce bu. 4 year ago The
Atlantic port clearances Of wheat and -four
amounted to the equivalent of $4,000 tI
The English visible supply was increased
$4,000 bu. Last year i; increased l.Sis."o
tu.
The market was very irregular and ruled
firm for some time after its early oreak.
but selling pressure was renewed near lhg
close, and lowest prices OF the day ruled
at the end of the session. Aug. Whedt
opened at from sgasc down 10 e,sc, re ,SN,
back 10 s0,sc, and then rolled on to ''eac'
where it rested.
Corn was again remarkably strong when
the decline in wheat is taken into consider
alton The receivers reported no accept
anccs of the bids they made TO me COUNTY,
SATURDAY and c. T. hrokepa Tan 'i Of
abatement. on the other hand, there was
no blemiSh TO the prospects OF the growing
crop and meantime rb rsGsip!s i a,e into
store was 900 carloads. with $50 estimated
for Tuesday. The seaboar'i clrarances were
90 ona bu The visible supply decreased
l.l4s 600 bu: 1, now amounts 10 ll.oiseo bu,
as against l3.s7o.o"0 bu. the similar Time al
last year. ,
to IA lower tn begin with. and closed
at net declines of from sd TO Ssd for futures
and I'D lower for SPOT. The slump ~
market to weaken and close near the bot
tom price. Aug. which opened AZ from i2'sc
TO 4I5.c closed NJ i2lsc. after selling mean
time as high as i2,ss.
Oats were active but weak. The rain
in TIE Northwest caused many in That sec
tion Of the country who had been accuIhu-
lating lines of oats IN Chicago against pos
sible loss of the crop IA their territory IN
ch Inge their minds with reference TO the
prospect for next crop and they sold freely
az their long Chicago oats. The opening Of
the market quickly showed where the longs
stood.
Aug oats. which closed Saturday. at
2p,c opeUed with sellers at 93'sc and took
an immediate drop To &c. Covering of
shorts was Induced by that sudden material
decline and some e1ction was caused by
buyin., of tina, character The closing fig
ures for Aug. were G'sc. Sept opened
at 2S5sfs24c sold sparingly at 2ilsc, declined
to 23i.c and closed AT Z3isc.
The days inspection into store was 3ii
cars or "A over Saturdays estimate The
number for Tuesday was estimated at 40
cars The visible supply Increased LEGS, go
bu.; the total is now 6.s16."vbu., as against
5.s5i. 900 blu. the like day of 1888; Exports
from the seaboard were l@vv bu.