The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-07-27
WHEAT SHOWED STRENGTH
AFTER A SHARP DECLINE,
SEPTEMBER CLOSE BETTER
THAN DAY PREVIOUS.
Corn Suffered Slightly From Per
feet Weather Conditions
Provisions Heavy, Lower.

| EETrEi1" SPECIAL.
| Chicago. Isly Is. Kansas wheat was again
i7 excellent 3rrl,nd for export and 'hc sale
| - NV York ~ .0.uJ I.i!. ou cable accept
| auscs vl- tile best prr-ibi" proof that the
+. irlrur;iu- U.'iurs considered It the best
! vain. oSialssir. as against offerings from
/ Russia. Argentina 90: elsewhere. The evil
/ l"nrr thus afforded Of its intrinsic worth in
, Nh" woriFs markets caused q recovery from
! early weakness and tho price. after :ufrer-
/ iat; 60 IN" extent Of asc, recovered and
| closed With i-si,c Improvement.
I corn 0"H'd not InaiutJin Itself arainst The
, perfect Their conditions Tor illr next crop.
/ '.'It ia" I'-z ;n price fer tho d,y was insis-
/ n.h,trt. Provisions were heavy ami lower.
wheat.
! Wheat opened firm at C advance. because
| - yesterdays indicated willingness OF for
7 e!Sn millers 10 buy American wheat at pre-
| yaii;ag prices and of Esd Improvement in
| quotations FOR futures at Liverpool ut
/ the opening this morning. Nothing was
7 hear! from the Northwest differing mate
/ rally from what had been previously re-
! ported from the scene Of crop damage.
/ one highly respectable authority, writing
J from Jamestown. y. II. said that In a drive
| " fourteen miles from that place in au east
I s;iy direction, through fine farming COun-
! try. he d.I u"t see = single field that would
Weld uu" ru--ol "r wheat, oats 90 barley,
! Jhe only crop e;au,iing being fax
! rs aaa!rst that and many similar reports
! from thc same region Were = subsequent
I Sha'lilS 90 vi'suiUc quotations from Liver
pool and tho r.!;er5stluu ~ the f'ricr Cur
at nj its .-"v,.'.o bu. estimate Of ghc en-
/ lr- crop. To make Its meaning perfectly
'i'.lr and % impress upOn tho trade the fact
: "' ITS making cU" allowance Ter the Pacific
COASTS Siriukagy uf from i5.v,l'--t To- .ot.s'.-
'f. eft whi--! IL had up knowledge when II
mad" is orl-lnsl .-il.,.stvo bu. estimate, the
/ tr.g' current said:
Indications support fully 80 10000 bu,
WITH Pacific casts ShT'nAHSc-" The log cal
conclusion from the Price CUrreuts ~ y
-"Ita .r. lie S,-.'S''la crop. hrt an lhe SUD-
S'gJcEt crop failures nor all the POWERS Of
, '-ht or dHi kreSs could prevail with Il 10
'ii'-t Li'lh ny Il nan b;ta3th. 1He action
g.. iE' market suggested that - majority Il
~" traders ver. Impressed 10y the cout-
d"irt SHOWN by the Cincinnati authority III ,
go" correctness OF itS estimate. Inconsistent
.ts ~ was. FOR, soon aS the ti:St hatch of
buying orders had beet. filled there Vas stigi
/ - heavy remainder of selling to b. done. IN
the execution Of which the opening rise and
about as much more went by the board.
sept wheat opened ~ from 1|aiC To- sGc.
ana a; the eus OF the first half hour IL
WIS down to 1Si,C.
business in the pit was moderately active
during the first hour and a hail. and 10;
until the sept. price was down to 1iS.V did
the buylnE demand OVertake TIL. volume Of
ferCG for sale. and bring about any sub
stantial reaction. Local receipts were 80
ears. against - the year previous. Mime
Urn!Is an! Duluth received 20 carloads, COM
pHrcd with - Il year ago. The total at
Western primary markets was 6s7.@J bu,
compared with 5000 bu. the corresponding.
day q lS'9. Atlantic port eiearances, Of |
wheat ana -four We're equal 10 4i5.co0 bu. |
Paris quoted wheat futures from unchanged
L half a cent per bu. higher. and Antwerp !
made no change in yesterdays figures Liv-
higher.
Claims were nal. of n heavy business !
F. L
laf export bus ~ lar Is DU!u;u WIS con- |
tcrHei ro1fiTu zion wss go- Forthcoming
ihe difficulty Of Eattinr wheat from Chi !
CaS1 holders at yesterdays relation - !
Stlt price cur;d:l'd business from here. |
Yesterday Kansas lard sold G. |. +. Buffalo |
at = under Sept. whereas to-day !
" me bids Of l,4c under were refUs i. The |
si,iItiilG business ,rePorted = hay" ben |
ported heavy acccptances by late cables |
ana ana, .oi.p hH. as he quantity sold for sx-
export business. ard The closing WAS firm n, /
.''.r:."tc. or :s-'-ic over yesterdays final |
figures.
Corn.
Corn was affected at times by the excel |
'eht shiifiinc demand. and at other times |
Ly the e.rlv he3vin'ss of wheat and the mo |
prospects Tor tho next corn crop. Fluctua- |
u rs in the active trading month. were |
confined to a range OF -. and the bulk of |
ih" days business was done midway be- |
tween a.. two extremes. The recovery in |
:he u.lCo Gf wheat the latter part of the |
session had beHcheltl effect upon the bulls |
iniluencs Of perfect weather for the grow
iES grain.
Local ,lereipts were so cars. where only
- had been predicted. while 500 were es.i- |
mated For to-rlorrow. The total receipts At
western primary markets were $500 bu..
against 5000 Iu. last year. Atlantic part |
clea-arces were i65,>ii bu. Tive shiI,ments
from Chicago the last twcrty-four hours
'T"unt-d ?, f.!iGO 90 bJL. making tho chip
:n"UtS Tor the last four daY4 exceed the re-
c'fpts 10y no less thfn 3.Iu0.utJ bu. Liverpool!
~a~ from sd 70 "a higher.
Reports from Iowa regarding the crop |
prospect were OF the most favorable char
actor. claiming the probable outcome Of
rccora-'reakinE heavy yield.
sept. corn opened at from 31slc TO 3l5sC. |
sold Spariasly o. from 5''sc and from that
down 10 %'Ic; 1t recovered to 37ts,. again
dropped t. 31l4c. r.ac'iug once more to !
business reported done here was 3"l eJ b,I |
ana ~ New York Tor export 5Ql0o, bu.
Oats were easy. and even lacked the re-
Cooperative energy 10 take advantage OF the
Closing nrmn.~S In wheat. S-pt. oats |
opened at &c decline TO 22i2c. and closed
az 80. or &c lower than they dill
l.oca: receipts were las ears. compared
win 80 the like day OF the year before.
OF to-cay'S inspection. q carloads were
from this years crop. The shipments hence
were aoruri nG- and th., -~aboari clearances
te,"r h'. Estimate Of to-ra0rrow's receipts
was li5 cars.
Barley.
The barley market continued TO remain
Iicl.SS on account of Hight offerings. IL
was mot expected that much business would
ic done from now I'LL about the middle OF
August, when the arrival of new crop is
looked FOR.
There were only a few cars offered for
sale to-day. AIallrg-grade prices run from
about 30 to So. feed lots SIC TO soc and
screenings .f.r 70 81. Receipts were 3 cars
and shipments 10 90 bu. Exports out o:
New York were nothing.
Rye.
The market for rye declined 10 the extent
az &C.. This reduction WAS attributed to the !
light demand and the sympathy I'm the de- |
pressing tendency OF its neIghbor market
com.
Receipts were cars and shipments SO bu /
There were no exports out OF New York. !
July opened at Si.4c ana closed at that !
Sept. began at 81 e bid and SIC sellers and !
stopped with Gales at 52isc. one car Of |
choice No. ) to 40 10 store sold at 5lJSo.