The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-07-18
CORN STILL Declines
WHEAT RALLIES WEAKLY.
FORMER CLOSED OVER 4
CENT LOWER YESTERDAY.
one Eighth Cent More Paid for
Neutrality-suspicious. Lower,
but Oats Were Strong.
EEPCRIIG SPECIAL.

EErURTI" SrFCTAI.
! Chicago, July i7-Whsat recovered IN the
afternoon fion "A dcrnoraiized condition
Z with which It commenced and closed at
-" hiE:'.r than it dii yesterday. after be-
I !uG ~ on" time lie lower.
I corn also rallied some. hut in a spiritless
] My. aad the bulls We're still IN 4 heart
broken condition ~ the close. The latest
trading for Sept. was IT from @9isc to 3. -.
as against %Na,c earlier I'm the day. com
pared with 4p7,c az the close yesterday
/ Provisions were !cwcr. under pressure Of
( liquidation OF bun holdings.
Wheat.
The wheat market At the opening was mo-
meu'arily strong. bat the panicky feeling
among the bulls in corn communicated it
self To- their fellows In the wheat market.
ami for f"rty-hve minutes the holders, not
alone Of wheat and corn. but of the ether
commodities that are sreculativciy dealt IN.
were running from under their ioprling
structures.
Speculative scniimen: I'm wheat had I'M
dgrE"uc &" great change and was in Cond!-
ti"rI - affect the market 70 the di;advan-
iaGn Of prices. As t.. breaking strain f
an iron cahI, = measured by the strength
Of its weakest Ink. "a In times OF distrUst
J. IN" coatsINeucsS a: speculative market
measured 10y the power to resist pressure
Of III. weakest operator.
Revised estimates Of the sprinE-wheat
yield 90 the radical kind forthcoming In
the last f-w days were felt. by those whose
stakes in the market were heaviest 10 be
ri NculpuSly optimistic, but they prepared
themselves for the parting al the spccUld-
tive cable a. its weakest point, and. isHOr-
Ing their CWa better inf rmatiUa as 70 the
suf!rE-uheat condition. they sold wheat in
Anticipation OF what they supposed would
te III course ~ their weaker brethren The
one position j" the market most distaste!ui
L "a professional Sgeculaior Is holding the
bag
The Northwestern crop news was general
y TO tine effect that claims OF Il total yield
Of wheat Tor thy DIsO,as and Minnesota
OF LoN-J.crJ bu. ana ever Were gross eX-
ahse:atlcIs. The receipts al the CHIEF points
81 accumulation were much under those AZ
the siI: .lJT cat. last year. Chicago received
- cars. against only AZ Il year ago. bUJ
MHncaFo.i- and nu.uth received only 20
carr, compared with az the corresponding
uate of last year.
Comparing Duluth alou-. receipts to-day
wee - C"lIu4ls. against 20 the same day
a year ago. -. Louis and Kansas cay
received ubyTat sEpPiy CT new wheat, the
form. getting --l,Nyv ia. AID the latter l5>.-
20 In. rat Toledo received only J5.t-b Du.,
compared with oys.uJ Ju. last year. The
s'sta-.trI '.-arauCeS were .-:;."v lU in
wheat ana npa. together lAVerioD! qUpte,:
- decline ia futures and from i.g 10 li.i
4ls ~s.'t u meat l'aElS decline I q bG. ttE
iH.S month delivery and &c for later
months. and Antwerp noted sc =. tu. de-
cline for American wheat.
Tho Total oI The JSy = receipts at Western
primary markets was al .ui bu.. clynpar,ll
N.itH i.-p."D Lu- The I.cuiu Mark Lane
.-Ati,SS. referring 10 foreign crop PROSPECTS.
hlE.i last year and RoUmauia Would raise
ne largest crop III is his
The opening Of SPIT. wheat MAS from 77I-c
10 ''','' VIVA one safe a. hlsh aS Si$4c. From
inaj % Dropped To .5-,c ana from tn,. lat..r
i.'9Lrrei 90 ''.=e. "ith ..,+Hi.-sc, tie price
Ak the close.
. Corn made a show at the opening Of hav-
inE RECOVERED somewhat from jEc effect OF
ia. smashing II got yesterday, but It WIS
my hollow show. IL surrounded to ;he
INST assault. ana was soon In as tad sfaIe
a the i.~-r in yesterdays Madison square
''~ia'n hight Toe opening trades for Sept.
c'lttiy were al rom 4liac to Ale. hut not
in-rh could lie sold above Ih, lower OF
':.'@" and not "a great deal NJ that.
huStrS within Il cent OF the lower figures
h'!.l"a'-t We're Soo! scarce. and no sooner
iidA th,y bought, even ~ such speedy and
Lin'''ti '"ngeSS.ou: imam they wanted 10 go
liH Of IL again. Not until the decline was
Pee under the lower figures made at the
20; ci,i'- did the market show any rallyirs
y W'T. 50 thoroughly had the bull sentiment
long corn kept pouring :nio the market from
the starr un;.i about iorty-iive minutes,
hereafter when sept corn had declined to
1. al receipts Of corn Were l.c.7 cars. but !
only 30 WEI. est mated for tomorrow TIE /.
TOTAL received al Western primary markets {
Was t&.i-'i hu-. against i2I.ub bu. the similar q
DAY Of the year previous The exports from
th- sc3Ucard we're 5!i.~D bu. Shipping de- /
mtrd at Chicago WAS reported good al; rala- |
,N'iE 'stt-Ic better prices. compared with !
utuTcs that We're ohtaIuable Monday.
BrdaSJreet made the worlds visible III 90 /
hu. less than Il was week ago. Liverpool !
was weak at ID decline in futures and /
from III 10 Id loss in futures. New York |
reported j. boatloats ii for export and /
r-St.-TOOm was taken here for shipment |,
Of "i'.'" hu- ~ ," freight To Buffalo. Sept |
'1ri!. after touching SsAsc, recovered to 39a.c |
ana closed at 9ieG-,C.
The oats market rose superior to tho at |
one TINE. paniCky condition of its neigh |
Dor. ana, considering the latter. it may |
De- Sali to have shown considerable. i,-
cree Of inherent strength. The rains. which !
II was considered; weF. us - muSh benefit I
'n COIN were Il positive injury 10 oats in /
shock In the Southwest, and no improve
,n- Northwest. Tine trading was not heavy
although fluctuations had range Of sc a
Iu Local receipts were AZ cars. against 81
he corresponding day Of the previous year !
tud 20 estimated yesterday. The estimate
Tor tomorrow is lru ears. RrldStreets re-
port of the worlds visible supply mad, a
decrease in oats % 4SJ. so bu. Clearauces |
rom the Sr4buard were $500 bu. Sept. |
oats opened at from :ic To 2i'sc, declined TO
= a. and closed AZ -Ss4c. against &c the |
lay before.
harley.