The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-07-01
MARKETS At CHICAGO
WERE GENERALLY LOWER
WHEAT PRICES TOOK THE
USUAL REACTION.
Corn and Oats Declined i'm SYM
NEUTRALITY-SUSPICIOUS. Were
Not Held Up.
REPTBLC SPECIAL.


Chicago. June 3.-Liverpool quoted whea:
futures from unchanged to I'D UP. which
did not represent much sympathy with yes
tsrday's &c advance on this side. Liverpool
flour quotations were also reduced Is Dbl.
and Paris dropped li.c bu. for June deliv-
cry. which was like dismissing the curreE,
month with kick Antwerp responded 10
the Chicago bullishness of the day before
by quoting 2i@c bu. advance. The last
named report was not known till the mar
ket here had got well under way, SO there
was nothing from abroad 10 mitigate the
bearishness of the Liverpool and Paris re-
ports.
Beerbohm. London. cabled. as reported
before the opening, an estimate of the
worlds wheat production. making II only
100000 bu. short OF last years. and. of
course. II that paltry difference were the
case. there would be 10 great economy re-
Quired. The Beerbohm estimate. as subse-
quently corrected. was found to be OF a
deficiency Of 16."J0.Go quarters. not bushels;
and as a quarter is equal to bu.. the dis
crepancy this year on that authority is
100000. The market opened while traders
We're under the impression created by small
er figures. and ruled weak for an hour or
rectness.
The weather was generally dry In the
Northwest. excepting Manitoba. where
there were some showers, and wet In the
Southwest. where harvesting is in progress.
Local receipts were 50 cars. Minneapolis
and Duluth got 32S cars. as against 52i last
year. At the two last named cities the re-
ceipts for the week We're e6J carloads less
than last week and 1Si3 carloads less than
they were a year ago. Tho Atlantic port
clearances for the day were equal to 10000
bu.
The final figures In wheat showed losses
of paql l-5c. July sold between .sTsc and
SlSsc and closed at soi. nS07sc. Aug. sold at
Sic to SIC and was size at the close.
Corn.
Losses FOR the day were i.f73sc. with sales
of July at 4l7sc to i2i.c, closing at the lat
ter. Aug. sold at salea42Sc TO SC Closing
al 4ss. gi27sc. The feeling was easier, in
sympathy with wheat, and operators Were
disposed TO keep close to shore. There was
no marked feature in this market. The big
Longs" showed a disposition to stand their
ground. while the small ones We're inclined
10 liquidate their July holdings. The local
professionals are bcarish. Country Offer
ings continue small on high bids sent out,
and the shipping and export demand was
good.
Local stocks viii be about a stand-ofr for
the week. Liverpool sd lower. Local re-
Kansas had rain yesterday-also at Dodge
City and Wichita. Receipts were az cars of
which Si5 cars were contract. and 50 cars
are promised for Monday. Cash sales Were
2poUto bu.. and charters were $4,000 bu at
&C to Buffalo. New York worked Is boat
loads for export Western receipts to-day
were $4,000 bu., as against Los. go bu. last
year. Shipments were aiJU.9 bu.. as against
1900 bu. In 1883. Local arrivals were 3d.
~ pu. and shipments 62..0o bu-
Oats.
Oats were active good part OF the ses-
sion. with liberal July liquidation and buy
ing of more deferred futures. Prices re-
ceded Ssu54c. and July closed tame at the
bottom. with net loss Of Sc. Sept. at the
c.ose was l-9%sc lower. There was weakness
in wheat to cause the decline in oats. but
no other news. Cash sales We're lot.vv bu.
Charters were taken for 5000 bu- Seaboard
clearanCcs were $4,000 bu. New York re-
ported lSJ.0'c bu. sold there. Arrivals We're
% ears. with 20 cars expected Monday
July oats closed at 25.sc alter selling at
-. sd3iisc.