The St. Louis Republic., 1900-08-02
WHEAT FIRM AND HIGHER
CORN AND OATS WEAK.
SEPTEMBER WHEAT CLOSED
AT 1913 CENTS.
Corn Lost One-Half and Oats One
Fourth of a Cent-ProvisiOns
Opened and Closed Strong.
REPURLIC Special.

| REPUBLIC SPECIAL.
| Chicago. ILL.,, Aug. 1.-Wheat was firm to-
day, corn and oats weak Business was not
apparently suffering for want Of the regular
issue Of continuous quotations. Enough in
formation for all legitimate purposes was
furnished their country customers by COM
| mission houses
| Wheat.
| Notwithstanding the delivery on Aug. con-
| tracts before the session commenced of
about 100000 bu. wheat the price for that
and Sept. delivery started slightly higher
than 1t closed Tuesday. The firmness of the
| Liverpool wheat market without any en-
| couragement from this side the day before
was unexpected. suggesting, as it did, rea-
sons Tor strength abroad Independent Of the
| crop failure in this country. AS the general
| opinion here was that sufficient reason for
| higher prices existed on this side. the rise
at Liverpool was all the more stimulating
| to the bulls. who held the above opinion Of
| what was due to local crop damage.
Sept. wheat, the closing price Of which
yesterday was H7sc, started at from 75c to
| 7olsc, and after relapse to yesterdays 3
nnai hgures rose gradually to 75asc. taking
about an hour and a half to reach the
| last named quotation. Chicago received 23S
cars of wheat, against 1lS the same day of
last year. and Minneapolis and Duluth got
| 236 cars, compared with 239 the year before.
The local receipts at Western points were
sIs,Uo bu.. against 72s0Co bu. a year ago;
Clearances from the seaboard were equal
In wheat and -four to 175,000 bu.
The demand for Kansas and Missouri
wheat from the domestic milling trade. as
| reported from Kansas City and st. Louis,
was such that the market here became very
firm and gradually improved until Sept.
touched 151sc about five minutes from the
reported 100000 bu sold for export, and 75,-
600 bu: No. Northern spring were worked
from here. Although some messages from
New York reiterated yesterdays statement
that there was no general export demand.
i'll the end they telegraphed sales for ex-
port of 90 boatloads.
The premium of about 1ac bu. hitherto
paid for Aug: corn over Sept. suddenly dis
appeared to-day with the delivery on Aug.
contracts before the session commenced of
feet upon prices. Notwithstanding the wip
ing out of the premium on the current
months nontn h,d delivery. shipping orders were
heavness in the market. The weather. too,
was the most favorable for corn that could
be desired over the greater part Of the re-
Ing encouraging to bulls except the later
receipts.
Chicago received 239 cars. against a26 a.
year ago, and the total at Western primary
markets was $4,000 bu.. against $4,000 bu.
year afgo; sfS co, The he exports from the seaboard
tomorrow were 800 cars. New York re-
ported 49 boatloads sold for export Liver
pool quoted lsd rise In futures. Sept. from
3s}ac and SSssc. at the immediate opening
dropped gradually to Csc, recovering to 3Skc.
from that declined to 374sc and closed at
Ssg3S1sc. decline for the day Of 1yatsc
Oats.
Oats opened weak and at one time showed
loss of asG12c from the close of Tuesday
There was very general selling, much of IL
apparently against country purchases and
1nferential1y rejecting the increasing move
ment: When wheat rallied, oats recovered
slightly. There was a good deal Of Aug.
pressure early. Deliveries on contract were
small.
Local receipts were 2s2 cars with 315 esti-
mated for tomorrow: The opening price
for Sept. oats was 21asc, with some at NAc
at the same time. 1t declined gradually to
2lc, reacted to 21asc and closed at 23Hc or
1sqAc lower than It did yesterday. The ex-
ports of the day from Atlantic ports were
10000 bu.
Rye.
The rye market closed steady, with un-
changed prices. Offerings were rather
heavy. but the demand was good There
were 25.OO0 bu. Of cash rye worked here for
export. No. 2. to go to store sold at 5Oc:
No. f. o. b. 50laQ5l1sc. Aug. was sold in
exchange for Sept. at reduction Of 1k91Hc
under Sept. Receipts We're IA cars. with no
exports out of New York Sept. opened at
5Sc and closed at that