The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-07-04
MARKETS AGAIN REACT
AND CLOSE SOME HIGHER.
WHEAT SHOWED 4 FAIR IN
DERTONE OF STRENGTH.
Corn Exhibited Most Strength and
Was Better Maintained, Clos
ing Over One Cent Better.
ONCE Republic

Tuesday, July s. 1890.
There was @ right-abous face In me spec
uiative grain situation to-day, and Qui'e d
radical one, too. the change for tho peter
being SO well defined ct times that IL looked
very much as though the greater part II
not all, OF yesterdays severe break wcuic
be recovered before the day was over NO
such result. however, occurred. the markets
dcveIcpInv an undertone Of weakness and
prices slipping back some. though closing at
an advance for the day all round The
strength displayed. which was especially
noticeable in corn. aroused speculation from
its apathy, and at times during the cay tAs
pit on change bore some semolance OF
animation, and the dealings IN the assre-
gate were on a larger and broader scale.
S.; Louis, at its very best. was not so strong
as other speculative grain oenters: sun. the
actions of the different markets greatly en-
couraged the friends OF the tive chlei specu-
lstive cereals, and much more livery ana
satisfactory markets were had during the
day, particularly as tomorrow Is the Fourth
of July and will be observed all over the
country as = holiday.
The inward tendency Of wheat prices this
morning received its first impetus from Eng
lish cables, which reported Liverpool of
very marked contrast to the declines on
this side yesterday. So unexpected was this
extremely moderate response that IL mace
a great impression upon traders and the
friends of wheat, who commenced 10 ptS
freely right at the opening. As II TO back
u; these cables and make them more effect
i've, there was the usual run OF damage
news from the Northwest and an unusu-
ally small amount of wheat received at
spring wheat points. Opposed 70 the ABOVE
the weather was ideal Tor harvesting In wiz
ter wheat regions: more rains were inaicat-
ed up North and some better crop news
came from South Dakota and receipts at
winter wheat points were slightly improved
in amount.
The market here, while Il did not respond
IS freely to the improved tone. never
tneless started OK encOuragingly at sc ad-
vance for Sept. and &c for July. the first
named at 7sasc and the latter AT 1slsc, and
then. in sympathy with weak spots else
where. declined TO 1915 and d1ec respective
ly. Tine closing cables did not turn out very
encouraging. Liverpool only rallied sd,
anu closed lsd on for the Gay, Pans was
..Q%.c lower. Antwerp sc aAt Berlin I'M
changed, Buda-Pesth alone being &c better.
Lhe DAYS clearances OF 4es,vv pu- IN hour
ana wheat were good and corn came to The
front as a strong bull factor, the boom IN
that grain being sufficient TO advance wheat.
and by Tue noon hour Sept. sold at 1ySsc
and july at ls5.c. This so frightened tra'l-
er: Who Were short that they at once
fuSneU 10 cover, IuO III lilSI Eager ehOi .
to get in advanced prices sharply, Sept.
nna.iy selling at 7s3sc and july at 'sasc,
but on realizing sales, owing TO io-morrow
being a holiday, there was q decline and the
close tor the frst-named was %ac hjgnor for
Ine day 1S3.c sellers and for the latter
at lzc better at .S7sc sellers Aug. was neg
icCteu all day, the close being nominally sc
up at 1Sc.
There was unmistakable strength dis
play ed by corn this morning; and SO much
HUT pendent strength and euIiishness cld
.hat gram snow at intervals that 1t had
considerable influence upon wheat There
was not much news Of any kind. but such
as came TO hand mad a very buiiish flavor.
Receipts were heavy, those al Western
markets amounting 10 $4,000 bu.. of which
DrJ bu. and exports 73s,0vJ bu. The first
ca BILE from Liverpool noted an advance Of
sc. The closing was I'D up for the day.
Chicago also reported cable acceptances, but
local exporters none. The opening mere
was strong and nc higher for Sept at $3.50
aud 4z$sa4.c shortly afterwards ND.
This advance did not hold long. the mar
ket falling back to 42Ac for Sept, but again
commenced to move up on reports OF hot
weather in the southwest Then came al
vices Of hot winds out in Kansas and Ne
braska. which started buying craze and
was followed by bulge TO 45l4c for the
Sept. option. July in the meanwhile selling
at il3su1sc up to il5sc. The market con-
tinueu to advance until Sept. sold at 1876,
but it eased off later and finally closed
l3s4sI.c higher for the day at 432sc asked.
July closed &c better at 2isc bid. Export
SAFES Of 40 loads were reported at the sea-
board.
Oats. as usual, attracted but slight atten-
tion compared with other cereals, but
showed strength in sympathy with corn and
Western markets were 4I2.OO9 bu. Of which
y 30 bu. arrived here, The shipments Were
$500 bu- and the exports 1860 bu; Sept;
opened at DC bid. but Immediately declined
TO and sold at Use and 22Ac- Rallied with
corn to 227sc. and at the close had sellers 1c
higher for the day at 22a4c. July sold and
closed isc better at &c asked.
Trade Gossip.
wat s the f IN eh 81 az Ts oS.nns #
Liverpool the following Monday was az Gs I'D
icr wheat on the recent ADVANCE. At close Q;
yesterday Aug wheat in chicago was 51.c a
Tor sept. was a, ss Sd. decline .aoiyaIent 70
s6o az NJ, per p es shSws ansi Will &
cage-in fact, dfasgins very "a. beh; l,
that of the American market
No markets will appear in to,morrow's Re,
Two Paris Correspondents, Of D: r Francis
Bro write n ,hsa tat
the wheat CROP has taken place Their prospects
iieipated some time ago, ana. as stocks are
heavy, they may not have TO import III they do
season.
Receipts at Liverpool for past three day.
American and i72,ooo bu. corn
a St Louis exporter stated that his bid from
rains wheat sowing is impossibi. and the next
hign. but there is no stock on rand
w. ID. Judd, who has been in the Northwest
and Kansas ror time. has returned to 81.
Louis and will reopen his grain elevator here.
TO FinIy Barrel q Co; o.. 0dess s, cable says;
be below middl!ng Crop viii be Later than usual
coming to market
Our local expert wires from WATERFOWL. 9.
ocs rains between ls srs 2, snd ths
and some good wheat here. but some very poor:
probably half a crop.
The speculatocs Of the grain pits. after kill
ing the sJsing wheat OF the Northwest, are now
engaged IN killing the corn crop Of the South
west.
ing toward the elevator interests. who
charged with the raid In yesterdays market.
They lost their cash wheat to shipping and
houses on deliveries. and sold the market
furiuusly in hopes OF disiodging some OF it
wheat receipts to-day at the primary mar
kets were $500 bu.
Cash Grain, Flour, Etc.
wfIEAT-Cash market-Received 1914 SKIS. and
IS local and IL cars through The buying
by city millers Light and few OF that class Of
buyefs in market The elevators W., were buying
Ic over switched FOR No. 2 red In Advance anu
Central Il elevator new No red sold At TS5sc.
f5isc. this the wheat in from the lower river.
On trk- No. RED sold at 7eqsoc for new. mainly
at Ike; No. red at .l4lsS.c new and ssQ.3c
able AT 1ia7sc and No do. at I1Q.3c; No.
white spring sold at zoe.
cORN-cash nsrket-Receivet SIG SKIS. and -
cars local and a cars through Higher, but the
demand small On trk- No sold at exc and
No. 2 Qnotable then at &c. but worth more later.
No DO al <sJsc SKID mixed On Levee ofrered
Lut &C the best lid and refused.
oATs-Cash msrket-Received, 10 cars local