The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-07-15
WHEAT SlUMPED AGENT
ON LATEST ESTIMATES.
BIG SPECTATORS At CHI
CAGO OFT OF MARKET.
Corn Was Active and Closed High
er-Oats Were StFong-PrO-
visions Light.

Chicago. July ----EN heat opened weak an;
dropped ! below yesterdays closing Iig-
Eres IN the course u the first zen minutes
trading. Favorable weather for re
remnant az the Northwestern spring wheat
and enlarged estimates Of tze total Yield
we're responsible .1r the break. The
speculative crowd has already dL,gorEed al
that VS. sensational II the cr-p damage
reports. and appeared ready for another
dose u sensations q quite AZ opposite
character Those vc-- being furnished %
meet the popular den and. 4 Minneapolis
newspaper sich some reputation for crop
estimates MIS- reported % have printed; This
morning I forecast os the probable harvest
r-sGl; % spring wheat ~ Minneapolis ard
The Iak1tas. making Il ~ least - $500
b.. and possibly -5J -e.Jo bU.. 50 that It
-ow only needs some other enierpris.as -
porter to 90 the Minneapolis Journal ore
better 20 Make the crop OF the three States
as large -L-s year as last.
The Southwestern crop IS OF ths move;
The foreigners ara sileDticai O: cro7-5anage
claims from this country. and ire Big lo,a!
SPECTATORS who enlarged thsi- ''wacs'' 81
che recent advance are 49, o. he market
AID are resting I'll af'e- the sensation shall
smear the facts with another layer o.
about The market.
Wheat.
Local receipts II wheat zs-a s. cars.
compared with - last yes-. while M;rne-
a7oIis AID Duluth had - cars against 81
TIE number y cars received az the TWO
Nor;aw-s-ern centers This week vas = In
excess Of that 4 the week previous 0u-
-.9 fewer c-al received the correspond
i2s week II The year before. =. Louis
recs!ve; -. 400 bU-. ts.t The Duluth re
-sirVs were only 500 rtl compared with
bU- Liverpool reported futures II lower
and s. decline IN American f-u-. Paris
sent no G-.Cta-iors = being a holiday there D
and Antwerp repca-7l! yesterday : figures. 4
cargo st Nc. : Northern wheat en- route
from Chicago 10 the seaboari vas Offered /
abroad lasy night and accepted -a.s morn /
iI-
Sept opened at 7slsc. bu; very lt,;Is could
be sold a. that. Il had 4 RAPID. fall 20
7SisC. and. after recovering 20 IL siEmpsi ]
eff - 7--ac. from which another - rally /
was effected. The market continued heavy /
. the end. spt. sold as low as 77-.e ar9 |
10 ard closed a. 80. 1r 1r.c lower than |
IL G:t or yes,erray.
Corn
Corn was active and quite rr-v1:ss and |
Irregular. the range. however. being only |
IA a. The market opened: with p rush |
at! initial trades we've az .-G7Sc advance.
but prices soon weakened 5aqS.-. rallied |
= G2sc. changed some and closed -sqi-c |
higher The weather n Kansas and other I
parts OF The West vas the main topic ami I
chief factor The map showed a-y. hot .
conditions - Kansas, and reports from .
there were scnsatonaily 'buiiisk-~ The .
signal Service predicted r5a- The weather I
would continue far, with nigh temporal
lures II the middle ard Rocky Mountain (
districts. warm with brisk sCU-reriv wirGs .
f1r Kansas. and tair AID warm for I'LL
rols. Indiana ard Missouri. and showers n !
Iowa AID MtGntSaz- TIE Kansas city Jour
Tai reported tIe outlook 70 be gloomy - /.
paris OF Kansas and Nebraska
receipts wer. S. cars. and 80 cars were
over On futures. with spot unchanged. r. .
reir-s there being rs - bG- during -he past
three GAYS. London was '-Eizc lower. The
.-clire = wheat rather checked re a--
ra-cl-E tendency. Country offerings were .
.:Sh- and TIRE cash demand was Just falr.
z Exports were $500 b. Primary receipts
~ hu. AMI a yea. ago -ss Is, au Weekly
receipts here were . So -. hu- ard shi--
Hlen:s 3.'es'.] ou. B-er5ohu2 predicted an .
increase Of ocean passage. The Indiana
crop = estimated a. -59SlaNsj bu. Sepi
corn sold - sc and -. I7sc. opening ~
$40 20 49, and closing az +.-sc asked.
Oats.
The oats market vas more IN sympathy
7tt1 TIC strength @: the corn market than
wiz: the Weakness Of the whaa- and closed
wirh a gal f0r the day u -: sept oats
.|~lfS a. 80 q -a--St ----c the day before .
ITa!4 Nls # moderate dimensions with 4
confident zone 10 the buying. Local -ecei1--
We 10, cars. against 80 year ago and
u 1n14ys receipts were estimated az -
az loads Export clearances from the sea-
lg2-1 We're 44"J bu- New York reported
$50" bG- sold :1r export. The sh5ruir:
business done here vas reported az 159p0J
Fia1seed.
Flax7eed futures were from unchanged 10
- higher. with very Few trades e4Ta-r..I [