The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-07-07
WHEAT CLOSED STRONG
AND SOME HIGHER.
FOLLOWED THE LEADERSHIP
OF CORN.
OATS Followed Corn and Wheat
Provisions Acted Independents
~ and Declined.
RETTELic SPECIAL.

! iti-li i'l-i' SPECIAL.
chicago. July s-Whcat was weak for an
hour. and then under the leadership Of
rom became strong and closed at sc i'm
iroN"mcnt upon yesterdays final figures.
| tom gained L. bu.. developing from Il
! S'''' - uncertainty into pronouncedly
! huiiiSh condition. Prominence WAS given To-
! reports "f dry weather injurlne corn in
| S'hi" sections Of Kansas and Nebraska to
ihr exclusion Of the generally favorable
E. climatic conditions prevailing throughout the
| corn helt- The crop expert Is In the field
with microscope. and it will undoubtedly
i"rc badly with the crop. Oats followed
corn. while provisions took an independent
course and declined.
| Wheat.
Wheat WAS easier at the opening and
became positively weak the next few min
| nies Aug. wheat started at from 7sizc down
L" '''Sc. and S.pt. al sol., down to soi.c.
IN" former tumhlei quickly 10 isi4c before
| buyers appeared in sufficient number to
hold 1t. Sept. in tile same time. sold down
to 'H,c. \ reaction set I'm AT that point.
hut the volume of business necessary to II
revival Of hullish enthusiasm WAS want
ing. AMI there was nothing of the vim Of
Nv" weeks ago in the manner of :Ee mar
me foreign markets weIe heavy, and the
weather In the sprins-wheat country favor
able Tor as much NJ the wheat as still had
roots capable Of absorbing nutriment. Re
ports from the regions referred TO were
siiil Of the dismal order. with reference To-
'he irreparJhle damage dcne hut the Min
reapoiis market was 80 weak that suspicion
was aroused concerning the extent Of the
damaged area.
me Liverpool market quotations we're
rom unchanged to i4i down at the time Of
opening here. but closed al decline in fu-
lures "I from %4d TO Iisd. Spot wheat there.
showed declines Of from tc.i To % per Genital
lnr heaviest loss being Tor California wheat |
Idrls quoted declines of from I.c TO $40 A
'u-' ana antwerp repeated yesterdays fig |
ur's~ lSoi'ti"n Reduced prices Of -four from !
hi [" Is, Argentine shipments for the week
were 2,lsSO,n bu as against 2a5s 40 b,,
inc Week previous. The liberality Of TIE /
movement from Argentine was one OF the |
bearish Influences at the opening Duluth |
expects II reduction In stocks OF wheat IF /
'S''pp bn. and Minneapolis looks for 2goOjo |.
10 "'fNp bu. Chicago received 153 cars Of 4
wheat. compared with Il cars the year be- |
fore minneapolis and Duluth got only l02 |
cars. as against Il; last year.
Corn.
Corn was strong enough TO help wheat at
Il Time when the latter appeared badly TO I
need assistance, and under the influence of |
a boC;niHS corn market the price IF wheat |
gradually rose To the level OF th, previous !
DAY closing figures and then shot swiftly
ing al Si9Si'sc, closed 1T sUisc
Corn. after a ittle hesitation to begin
Win became nrm and later III the session
cetiIedly strong. Country acctptances We're
Almost nothing. the receivers said. and t.a
crop expert was IN the corn fields. Wheu
crop damage is wanted ii can always be |
found. II the di.igeII searcher Wi! go to the
right spot In the immense area OF its
Growth. Kansas is "A vulnerable roint in |
as 10 ft..lF &c ,
in that month. and extreme
neat ana iasseiing OF the corn crop coin
The Ohio report on corn WAS that il had
Il CONDITION OF ~. on an area OF 3oJl.ls5
acres Tha; and heavy local receipts were
TIE intiuerces that prevented corn from ad-
'aHclIS early In the session. The receipts
were LOOT cars, but for tomorrow only - |
cars are estimated The primary Western
ou last year. Exports from lie seaboari
We're -y.u1 bu. Liverpool quoted futures
Ter the week we're 10000 bu. New York adj
'iSed sales for export Of G3 boatloads The
,aiSs for shipment here were reported at |
,s-"~ b. Sept. corn opened at from 4ji.4
i5"-c 10 1854 i3a.c. and closed at Hire The
'anEe was from is@sc 10 iia.c.
the total receipts at Western primary
corresponding day Of 1888. Export clear {
lnccS rom Atlantic ports were equal in |
report reduced the condition points since
Tune l. making it now -. compared with !
=. and that was estimated to indicate a |
'r"p Of 10000 bu. Last year Ohio raised ,
H.trc.f-0 hu. That was known at the OPEN |
nS and did rot prevent the bearishness at |
hat time from running its course The
SiHteT wheat movement gives Indications !
u Improving. Galveston got Is2p0 bu :
Kansas city ll200y bu. and ST. Louis 1900
,u. I
Oats.
oa(S were chiefly guided by the influence |
Il corn, and closed at sc Improvement un- | 5
Ter ats influence. Sept. oats opened at 235sc |
md closed at 2fi4c. The range WAS from |
3ssH2ji.c tn 2i.c. The days receipts were .
IS cars but only i65 carloads We're esti,na.
ii for tomorrow. Seaboard clearances ! :
we're A@E bu. The Ohio crop report made |
he condition Of oats So | ,
Range of Futures
Articles Omen High tou ,- |