The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-05-29
SPECULATION IMPROVED
IN THE CHICAGO PIT.
NO MARKED CHANGE IN
PRICES WAS MADE.
Wheat and Oats Lost a Trife-
Corn Gained-PrOvisiOns
the Same.
EEPJ BIIC SPECIAL.

REPUBLIC SPECIAL.
Chicago. May 2S.-Speculative business,
without being good to-day, was Il decided
Improvement on the stacnation during sew
cral days of the previous week. The better
trade did NOT result in any marked change
IN prices. Wheat and oats at the close
showed &c loss: corn, lsc gain: provisions.
no change worth mentioning. Wheat was
governed by the varying reports of crop
IroSl cts: corn. by the changing mood Of
the local Operators; provisions. by the man
ipu!aiIoaS IF a leading packing concern.
Wheat.
\ low barometer In the Northwest and the
fact Of "a few light showers having already
fallen in and around the drouchty spring
wheat region caused the market 10 open
weak and a triie lower FOR wheat. Liver
pool reduced quotations ;or futures iah. 4
Aa.saS Gisid,ci, giving the opinion Of d
state Grain Inspector regarding the crop OF
that state conveyed the impression that.
Notwithstanding all the drawbacks Il has
been encoUuterius % late In the way OF
damGEe from lIessian hy and excessive rain.
4 yield Of S5ooOFp bu. was almost assured.
That statement had a depressing effect up-
on holders "f wheat futures. and comprised.
with the other matters mentioned. the prin-
ripai Items "f the early market formati
concerning wheat. with the exception. OF
cour,". 81 the regular Monday morning gEist
OF weekly statistics.
The wu:.d's shipments Of wheat and -four
were S.lciVs3 hE. about 100000 bu. more than
I the estimated weekly requirements OF i'm
porting nations. The quantity on ocean
passage showed 6Gi.~o i'm. reduction. leaving
I the present total az %. SJG.tt' bu. Liverpool
! stocks we've Increased .IpLuV bu. last week.
1 t'IlisS .arrpTfp1 HI ,arCrsS af wheat ~
rived aud waiting orders off coast and at
| United Kingdom ports.
The officials Of the French crop stated
that only - departments called Il good.
whereas AT this time last year - made
that satisfactory declaration. An article in
the Springfield News rrclted a most depler-
able condition Of affairs regarding the pres
"nt condition OF Illinois wheat. IL made
IN" startling assertion that according To its
iui0: nation from its own correspondents
! N.lHH "a radius OF - miles around Spring
ted got "a blade Of wheat was left. as all
mad died iron. attacks q. Ii.sSiar fly. This.
II was stated. occurred within the last two
weeks. previous to which All excellent crop
aGl":tr-d - be- assured.
IN" visible supply showed l.5S.oe, bu- de-
Crrasc. but the total il still 4i.7..sy bI..
as compared with a. bu. "a wear ago.
The English visible Increased i.Goi.p1 bu.,
- COMPARED. with S-S,o00 bu. the yeJr be
fore. Atlantic Fort c.earaDccs fo- the DAY
M:fe "Hcii IN wheat and -four 10 5000 hu-
III. organ Cf tho millfrs Of France es-
'.I'iat'd the shortage of this YER crop. as
Compared with last, at lNS.nl.tGt hu. Ju1s-
fog it from present indications.
Export inquiry was said TO be poor at
the s.atodrd. and the demand for shipment
here Was not good. The market was dull
for The most part, and bulls and bears both
Inclined TO await more definite information
vest July wheat opened at oo.sc and sold
spar.ng as nigh as 6146itec. From that II
dropped 10 6G'ec, rose again to t57sc. ana
closed al that.
Corn opened weak. and sellers were In
the majority tho greater pJr; o: the day
half of the session, and prices recovered
al the early dSC4ine. July corn opened at
9Ga. 1855. ANA from that sold DOWN to
aj.,c. recovered again and rested at 3c
Local receipts we're 30 cars in excess Of
Saturdays estimate. The number II Inspected
inward Was Gl0. The estimate for tomorrow
planted corn. ana farmers were freer sellers
ia consequence. Country acceptances We're
showing q tendency In line with the In
creased receipts from farmers Liverpool
quoted sd decline In futures.
The days ciearances from Atlantic ports
fresh export business a. IS boatioads. The
visible decreased 2,I+o.Go. Last year ii
showed a decrease for the corresponding
week Of 3,2is.U bI. The totals now and d
year ago are not far a~part-12.6s., 10 bu.
now, as against 100000 bu- a year ago.
Oats.
Oats were dull and easy. closing sc low
or. Trade was quite brisk during the first
hoC~ To-Day. but taken as ii Who'll. IL WAS
a very quiet session. There was Il good de-
Mand f,r cash. and 2.9.tt. hu. were taken |
here for shipment. The visible supply in |
creased iriGD bu.. while stocks hero de
creased 2aU0 bu. Cle3rRnCes from the sea- |
board for the week were .o5 90 hu, as
compared to l,l91. 0fp bu. last year. To-day |
43uV bu. were cleared. Receipts were heavy !
so GAYS, which Is liJ more than estimates
called Tor. For tomorrow $50 cars are ex- |
pected. |