The St. Louis Republic., 1900-06-26
WHEAT AT CHICAGO
WAS WILDLY IRREGULAR.
CLOSED WITH A NET LOSS OF
TWO CENTS.
Corn Dropped a Cent and Provi-
siOns Ended Mt Consider
able Reduction.
REPUBLIC Special.

| Chicago. June 25-Ths wheat market to-
| day was wildly irregular going from strong
| to weak and again to strong with bewilder-
! Ing rapidity. and closing in one OF the bull
| iSh hts, but AZ &C below the price II left
| or Saturday. July was quoted worth SEC at
The sessions ending. The spring wheat crop
| or the Northwest had the worst weather
experience of its checkered career since
Saturday. and stili worse than before must
| be It's present condition
Corn left off at decline OF lc Provisions
quit at considerable reduction from Satur-
days closing figures. Flaxseed flew around
| snaSmodically, like the proverbaI decapi-
tated hen. II jumped up to 37is on its first
SKIP. and was in the end sizc above Satur-
day's figures for Sept. delivery.
Wheat.
with Liverpool showing from eisd to 2ssd
Improvement al the opening for wheat fu-
'tfes this morning started as if the recen.
rise had all been due to false impression
or that the ruined spring wheat crop which
'he northwestern farmers have been de-
stfihlhS IN such narrowing detail was n
| mere romance in the composition of which
tiiFE had been beguiling their leisure befor.
t!e heaNy work of harvest. July wheat
inc closing pIice of which Saturday was
Sc. WAS Tor sale in unlimited quantities
- "'"ii'IiS from oii2c down to S612c.
Ihe break in price and desire to sell thus
Indicated was not however dine To ,py
revelations tending to impeach the creduIi-
- OF the tale tod by the Northwestern
farmers. Ia, or TO any hiatus on their story.
IN! took II Up at the point they left off
It tHe ehd OF the week and made no modi-
iie"t'oh IN the tragic character of the pre-
eeeiHs chapters. mo rain anywhere In
we Sp'Ihs-wheat belt; yesterday very hot:
to-uaS promises TO be another scorcher, ex-
seHulhs the area OF total destruction''-ihat
ana many similar dispatches came to hand
NeIe from Minneapolis before tho opening
anu the ndrhet there eyinced by ifs
sIshsth the conviction OF their truth en-
~ -, iaiIe1 uy the senders of such messages
'itu OF thelr clients i'll the country who sup-
pAeu the buying orders. WniIe the Chicaso
OpeHihg was al from lc TO 112c decline. Mn
am, rU-Is sf' ;d Stated at 2lsc advance for July
ai!u &c advance for sept. delivery
s1ch news from the Northwest steadied
tite market. and during the time OF its
biz haa%v me ,,roe, lveal heayy Operators with
e.eir oonIidence shaken by the imminencs
obor,iv nsa'S receipts OF new wheat
on the market The one-idea buils luss wsa
looked Tor an advance constantly had to
iather the abandoned wheat of the more
i'si iinei ia.-thiHhins part of the crowd. and the
IDau Was beyond their capacity 10 carry.
Ihey were IN turn forced To drop H. The
result was that about Il o'clock wheat.
which had been fairly firm to that time he,
came weak to the verge of being panicSv
In TACT, II was In d state of panic for a
minute or so, when stop-ioss orders on July
al eSc brought such rush of Il that sales
between that price and SIC were impossible
anu II struck Sac before buyers appeared
asdlN IN sdihclent numbers 10 relieve the
situation.
The statistical news OF the day was gen.
eraliy about the bulls. The worlds ship
,iieHts We're essa.oW bu.. as against 1,31l. so
bu. the Ike week OF 1879. The visible sup
ply Increased l.J1o.tSV tu., making IL amount
70 iS.o-i.gvo Su-. - against 3S.si3,0cc bu. last
year lie DAY clearances OF wheat and
hour were oyJvJv Uu. The visible supply
increased llil.v0 bu., as compared with
ls2vco bu. decrease the year before. Liver
pool closed AT the same Tor July wheat as
Antwerp lssc pu up.
i he snaNe-out having spent itself and the
rum in the Northwest remaining before
IA aii its shastiy significance. the price once
more came unuer it's influence, and July al
the close LAS up again Soc.
Corn.
Corn suffered with wheat and was at
one lime 2tsc lower for july than 1t cIosed
Saturday. II recovered llsc of the loss leav-
ing on with net decline Of &c bu. July
opened at from Ala 10 i2c and from that
cropped irregulariy 20 4o@sc, finally recover
ing to and Closing at ilizc.
Local receipts were ol0 cars. and the
out-inspection Was $1,000 bu. New York re-
ported 10 bostiOacs sold for export. The
days clearances from Atlantic ports were
1900 bu. For tomorrow 1910 cars were
the estimated receipts. The visible supply
Increased s52, 90 bu., making the total H.
le.,0,o bu., against ls.icb.0uv bu. last
year.
Oats.
Oats cut loose from wheat and corn and
closed firm at an advance of from lac 10 jsc.
Another wild session was passed In the PIT.
The trace was euormous-said to be the
heaviest in years. Longs We're the best sell
ers; IN fact. almost all of the selling caIne
from this source. Sept ranged from z5I.c
to 2o5sc. closing at 25,sc. There WAS Il fair
demand for cash. and 10000 bu. were sold
here :or shipment. The visible supply de-
creased 81. go tu., while stocks here IN
creased b>.uuJ bu. Receipts were 2S4 cars
win 800 estimated for Tuesday. Withdraw