The St. Louis Republic., 1900-05-22
GRAINS AT CHICAGO
AGAIN CLOSED LOWER.
UNFOTNDED RUMORS OF RE
LIEF FROM DROUGHT.
Wheat Started Up but Was Pulled
Back-Corn Was Weak Pro
visions Declined.


Chicago. May 2i.--Drought in the north. m
! section OF the spripg-wheat territory caused
igc advance in futures at the opening A
cloud no bigger than a mans hand. re-
! ported seen over the droughty region broke,
! the market Ic Il bu.. although late reports
from the afflicted country were to the effect
| tha; no relief from the drought could he.
seen through 2i-inch lens and nothing
, could l." heard but the twitter of the grass
+ hopper. The market broke. however, as
! %tHt"d. because some unknown Individual!
/ wired that rain was indicated in the North
. W'sr, while extreme weakness in corn had
/ already caused the longs To keep their
, iGiEs Eir,lcd In case sudden run should he
! foErd necessary. The market, after "A lie
/ rise, closed at &c decline. Corn lost li.c a
bu.. ard pork 3Oc bbl. Oats wer. weak in
] sympathy with corn.
! Wheat.
| Corn Is weak but wheat is bully" said
| a broker in the wheat pit shortly after the
/ opening, who seemed 20 be feeling like his
! own description Of the wheat market The
! armness of wheat IN the presence Of very
| heavy corn market was 4 subject Of remark
| by many besides the bully broker and
! its holding up We'll under the circum-
! stances surprised good many. Offerings
| were light. in the absence OF long wheat
! coming upon the market, and scalpers ap-
p2rently have no stock of the commodity
/ 10 market. and no desire TO sell ii short.
| Liverpool quoted futures 3,l higher and
/ Paris an advance equal TO sc {. bu
That had very little to do with the
! s'renSth Of this market, however, for its
| governing Influence was the drought In the
Northwest. The worst fears Of the we'll
wishe:s OF the sprins-wheat crop were be-
ing realized. for high temperature being
added to the lack of moisture. of course
ctlrtaiis the days of grain inside of which
rain would be beneficial. Without the latter
before th,, end OF the week there will re-
main bat small hope of i crop in the
| drought region this season. Reports Of the
Kansas prospects wero of the brightest
The rains last week that had been the
cause "f much apprehension had ceased
The weather since Friday was said to be
Perfect, and. instead of q detriment many
sections said that they had been distinctly
benefited.
Nvssian Fly has invaded Kansas. and
some little Of the early strength was per-
I;aps dur, To reports of that kind but now
heavily il had been due to the dry weather
in the spring wheat region was shown In
the latter half OF the session. when Il few
Minneapolis dispatches received. saying
Looks like rain" caused the entire crowd
To turn and rend to pieces the market they
mad been up 10 that time praising for its
nna bIliiSh appearance
Local receipts were Il cars. against 81
the previous year Minneapolis and Duluth
Eut $50 ears. as comp.r red with 4sl last year.
bU} the agSTc gate at the chief Western pTi-
mary markets was i!S01 bu., az compared
with 5i9"" the previous year The Atlantic
port Cloar:nceS We're equal 10 .33,Ul0 hu.
The qiantlv Of wheat or ocean passage in
creased $4,000 bu.. and is now i0oac.oH0 bu.
Last year il was 4l,32sODo bu. at the cor
responding date. The domestic visible was
reported at l,5@'s9D bu. decrease. leaving
Slice" bu., as compared with 25.4Gs.cOo bu.
last year. The European visible was re-
a.
july wheat opened at from CI3sc 10 67i:c.
The latter proved the highest II sold during
the day. Il declined lc from the highest.
and the close was 6SSsc, as compared with
s.n6'isc.
Corn opened weak and WAS consistent
throughout IL did not cuun!ngly deceive
the bull as did wheat. Iine weather, in
creased country offerings and lansuid ship
ping demand were the chief reasons for the
weakness although the pit view of the si;-
Gatiun was that the decline was on account
"f Patten and Bartlett, Frazier &! Co sell
ing. Toledo reports country acceptanCes of
bids from there much enlarged more rS
pecia!ly from Ohio and Indiana. Chicago
receivers saying the same uf iowa accent
aHces, and Kansas 'ity had d similar story
10 tell of the country tributary TO that mar
l1at.
Local receipts were III care. Tie CORE
Soonding day of last year they We're 264. |
Shipments hence We're $500 bII. The u,i;Ii-
itv on ocean passage increased 1,o96.c)0 hu. |
bat the domestic visible decreased S2s".0 bu |
Liverpool reported i2d decline IN spot corn |
and sd reduction in futures. Export |
clearan"es from the seaboard We're 223.0y9 bu. |
New York reported fresh export business |
FOR the day at 81 bcatloads. Shipping nusi- |
ness here was placed at about 3.5.Jgo bu.
July corn opened at from .sc TO 3iA4 q 31TsC. |
dropped 20 3GSlc. and closed al 36Esc which |
is 1850 lower than Saturday. |
Oats.
Oats were weak and lower. In sympathy |
with corn. Trading was quite brisk In the |
first part Of tht. session. but taken as a |
whole the trading for the day light. |
There was n fair demand for cash. and %
oun bu. We're taken here for shipment. Trad |
ing in the May delivery was very meager.
and this month closed at tsr under July,
while Saturday 1t WAS at i,u14c premium |
July closed 3s1isc and May a4c lower.
The visible supply decreased SSO.C1o blI. |
Chicago contributed iSlGc1 tu. TO it. Clear |
anceS from the seaboard for the week were
only 5lluUJ Du.. as against $4,000 bi. last |
year, To-day only S.eyj were cleared. Re
ceipts were 2li cars. with ~. estimated tor |
tomorrow. Withdrawals from store |
amounted TO los,re bu.
Rye.
Rye was Unexpectedly strong. The mar |
ket was i4ii4c higher, while wheat and corn |
were lower. July opened at 62Isc and rose |
to 52A.c. For May biizc was bid and 55;sc |
asked. There was some demand for cash, |
but bids did not follow the advance in fu- |
ana! No at belsc. The visible supply in |
creased 5000 bu.. and stocks here became |
..5.tHp bu larger. Ciearances from the saea-
board TOR the week amounted TO l2l.p0o. as /
compared with ?.01o bu. last week Re- |
ceipis were . cars. of which graded.
Range Of Futures.
Articles. open High. Low. Close.
jaiy. Tff; Nay L. ....s7ssSs:tss 81: s., s., 's, ss3
IN NAY -, - % So-s se'S