The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-08-12
GOVERNMENT CROP REPORT
WAS CONSTRUED BEARISHLY.
WHEAT DECLINED AT HOME
AND ABROAD.
Corn Was Weak and Closed at 3S
Cents-Oats Lost Half a Cent
Provisions Closed Tame.
REPUBLIC SPECIAL,

49, SpAA SfISlEb.
Chicago. Aug. 1.-THE Government crop
report was issued yesterday afternoon. ac-
cording to programme, and was the chief
matter Of comment during the session.
Judging from the action of the market, it
was construed bearishly. This is what 1t
said of the condition of spring wheat as
1t appeared August j:
The average condition of spring wheat
improved one-half point during July. but
on Aug l it was 272 points lower thai
at the corresponding date last year, 411
points lower than on Aug. l.. 1898, and
rs points below the mean of the Aug.
averages for the last ten years.
THE conditions in the principal States
are as follows: Minnesota. IS: North Da-
kota, %: South Dakota, 40; Nebraska, 81;
Iowa. 81.
of 10 points in Minnesota. . points in South
Dakota and l point in Iowa. On the other
hand, there was a decline Of 5 points in
North Dakota. and 2 points in Nebraska.
What there is bearish in that it would
puzzle the most lynx-eyed Philadelphia
lawyer to discover. when it Is borne In
mind that the miserably poor conditions
reported. except for Iowa. are definitely
stated to include only the wheat left stand
ms al tIC uutC VI "illc - -
well known several millions of acres that
were seeded have been turned down. Stats
texans, as a rule. still calculate the yield
on the acreage SOWn.'
Taking the spring wheat itself. a more
bulish statement never emanated from the
Government Agricultural Department. Some
people interested in unfolding the credit of
the three Northwestern States, or in help
ing the milling and elevator interests Of
Minneapolis as we'll as the speculative value
of the railroad stocks Of that country, have
published reports attempting to make the
Government statement of the probable yield
look ridiculous. How far that may recoil
upon their own heads remains to be seen,
but it is highly probable they will have to
eat dirt before the 1901 crop Is over.
The market was perhaps more influenced
by the extremely heavy movement of the
Southwestern winter wheat crop than by
anything pertaining to the spring wheat
situation, although a decline following imme-
diately upon the issue of a Government re.
port is generally credited to the influence of
the latter. Chicago received $50 cars and the
receipts at chief Western markets were
l.027 900 bu.. compared with $1,000 bu. the
luth received 21 cars as compared with 22s
the like day Of the year before: Clearances
for the day from the seaboard were 427, 900
bu. In wheat and -four, Liverpool. affected
by an Improvement in the weather in Eng
land, was lower by from Nd to SD a Genital.
and Paris declined the equivalent OF lc a
Du. 1Ilo VISIBLE Supply was ApSSlS0 "
show an increase Monday of about 1,2ao. 900
bu. against $50, 600 bu decrease the similar
week Of 1893. Sept. wheat opened at from
76c to 76l4c. and then gradually sunk to 7oisc
and closed at 76Ac.
Corn was weak under general liquidation
of long corn. the Government being quite
bearish, j in nd q Ing a yield Of 2.16l; $50 $1,000 4f 6u:
eos. 600 bu. for seven surplus States. com
pared With 1885 Co., 600 bu. in 1899. Liver;
pool was y, ~ ts &c. l0w T5s d ama hSnd @s1ka I'd
were weak. Bull news was the hot. dry
weather, large shipments for the week
s.7Os. ocO bu.. against receipts Of 1,0l5.0W bu.-
was 81. GOO bu., and exports 37s.o0 bu:
Primary receipts this week were 2.4oo, GOO
bu., last week 5.243.o Blu. and a year ago
The final figures showed 1ll4a1ssc loss.
Showers are predicted for parts OF the
corn belt. Danubian shipments are expect
sold. and shorts were the buyers. The
cash demand was moderate. and the sea-
board worked fourteen noa tloads. The
against s9.s per cent in 1888. CARROTS were
in small supply and good demand. The
err. Receipts were 1853 cars and $50 cars esti-
mated for Monday.
Sept. sold at 37S@3sAc, opened excited at
3s'sc to 39Ac and sold to ssisc. then to ss.c.
&.N S'SHN0 % SS oSaNNs SAS ""SS " ~
day..
Oats were weaker and kQAc lower, clos
ing at the inside. The break was in sym
pathy with corn. There was a fair trade,
good country, acceptanees and selling by
elevator people. The Government report
made a reduction of 5 points during July,
the condition on Aug. 1 being s.. and is
81 over the ten-year average. The prin-
cipal loss was IL points in Nebraska. Cash
sales were only 10000 bu. seaboard clear
ances were large. 26S, 1874 blu. Arrivals were
7S7 cars. with $50 cars estimated for Mon
day. Withdrawals were 1885 bu. Car lots
to go to store were quiet and hc lower.
Sept. was active, sold at AAc and at 22ssc,
opened at 22ssc sold to 2lAc and closed
there.
Rye.
The market was quiet and steady. There
was only a light demand and the offerings
also were light. Very little was doing.
Trading was almost wholly speculative,
both in cash and futures. There was some
, investment in buying. The receipts were 6
cars. There were no Withdrawals from store
here. Export clearances from the seacoast
were 2.113 bu. Sept. sold at SOC Oct. sold
at SIC and closed at SIC bid.
Range of Futures.
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