The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-07-31
WHEAT TENDED DOWNWARD
BUT LOSSES WERE LIGHT.
CORN STARTED WEAK, BUT
CLOSED FOURTH CENT UP.
Oats Heavy and Considerably Low
er-PrOvisions Rallied Sharply
From Early Break.
REPUBLIC SPECIAL.

REPUBLIC SPECIAL.
Chicago. July 3G.-The speculative business
| in wheat was dull to-day with prices for the
most part tending downward. But almost
| the entire loss with which business COM
| menced was recovered from by the time OF
closing. Com also started weak, but recoV-
! cred and closed I'D higher for Sept. than II
| closed at the end of the previous week; that
much Of the Aug. premium was lost to the
| latter, which, instead of &c over Sept.
closed At 1.dasc per blu. premium. oats were
| heavy and had lost many of their recent
| friends. much selling out of long oats being
| feature of the days speculative trade.
| Provisions recovered from an early break.
ribs closing with gain Of &c, pork and lard
; without change.
Wheat.
| Wheat was heavy at the opening. with
| more for sale than was wanted for time
| at from sc to sc under the closing prices or
! Saturday. Liverpool was Id lower, and. in
! the absence of anything else to counteract
! its effect, the Liverpool decline governed the
sPrinters in the market.
| The quantity on ocean passage increased
| 10000 bu. making the total 29.si2,ODJ bu.,
against 3l1Si.0Jo hu. on the corresponding
I date of the year previous. The Moriis
! shipments 20 Europe We're $4,000 bu. com
| pared with $40 go bu. the like week of last
! year of last weeks total a.26'ceO bu. were
: from the ports Of this country and Canada
/ and 100000 bu. from Russian and Danubian
ports.
! Those statistical announcements had no
particular significance, but there were 9th
! ers that had. Kansas City, for instance,
/ had 50l 600 bu. receipts this morning. against
| 1"l.ND bu. year ago. anu althouSn Mlnne-
! apClis and Buiuth had only go cars. COM
4 rsl with sartn4IS a ago, the IN
! crease al Kansas City had the greater in
fluencr. the latter bringing in direct pressure
from the sales of a hedging character they
induced. where's nothing but the moral eff
| feet of the reduced Northwestern movement
was experienced. Local receipts were 2i3
cars, compared with l.O.0 last year.
Primary Western market receipts were L.
1890 bU.. or about 3cc,OOv bu. more than re-
ceived the similar day Of the previous year.
Atlantic port clearances OF wheat and flour
! were equal to i25.GJ bu. The visible supply
| was given as amounting to i5.3Ji.C)o bu., be-
! ing lo.SJr,oto hu more than II was a year
! ago and ..323Voe bu. more than ii was Mon
Sept. wheat opened at from 7i7sc down to
1iasc. then declined to .ihc and rose again
| during the forenoon TO I4'sc. Another midi
vidual, gifted with the mystical lore that
| interpreta the shadows cast by COMING
/ events. wired from New York that Mime
| more than 1a.oJ0,yeo bu. wheat this season;
and still another prophet. in the person II
! e. J. kershaw. once Of Chicago. nO~ OF ilu-
/ luth, who was ON the floor to-day. predict"
| S0-OGo0 bu as the crop tf the three States
| But estimates OF the Northwestern crop are
! as numerous as rumors from Pekin. an /.
apparently. are no more reliable. TIE Chi
! caEo spectators were apparently tired 81
| them. and paid little heed To to-ddy's acd!-
/ tens,
Corn was firm for both spot and futures
] and OF the two spot was the iriner. Aus
holding its previous &c premium over S-p,-
L.
mand was 10y no means brisk. but the coun-
| try WAS offering nothing. and chicago h".d-
er- Of the local stocks were reluctant To part
with at the present premiums he gam
| they SAW no likelihood OF their being able
| The weather was all that could be de-
sired for the next crop. but that is a remote
| consideration with people whose horizon Is
| bounded by sept Others. however. who
| had means of looking through the barrier
which limits trading to this side II oct,
We're getting Dee - under me : pt. pre-.
July, Tor few moments IN the forenoon,
| brought rs mach as Sc over aug. Chahslil|
| from July to Aug. and from Aug 10 SEPT
| was a feature OF the pit operations that eX-
| ceedcd the fresh transactions.
The local receipts were 81 cars. against
| Csl the same day of the year before; the
| total at the chief primary Western mar
kets was 6lloo hu against 9oi.0S bu. a
year ago. Clearances from the seahcard
| were $4,000 bu. The quantity on ocean
| and the domestic visible decreased ss;'o1
| bu Liverpool opened at declines Of from
l 5sI To I'D, nut recovered. 81 AIfL 1T tie
close the net loss was only sd. Estimated
| local receipts for tomorrow were so cars.
The lowest price of the day Tor Sept. corn
was made al the start. when little was
| sold at 3sc, but the bulk of opening trans
actions was IT ?si.c. From that a gradual
rise to SIS took RaSe F9ESs w Wy SSw c
| New York reported export business Oh for'y
boatloads.
Oats were very heavy. The weather was
| favorable for thrashing. and the general
! impression among traders WAS that the mar
| ket could not stand the material increase
| i'm receipts that appeared to be impending.
The days receipts were 2Zs cars. OF which
| 81 were new. and for Tuesday 40 was me
estimated number. A year ago s9i cars were
| received. The clearances from the seaooard
amounted to 26l.,s2 bu. Sales for shipment
hence were reported at 10000 bu.
Sept. cats oponed at from 22i.c down 10
| c2Isc; declised to mac. and closed at nc;
compared with 2slzc saturday: Inc visible
previous week to 5.G9.oo0 bu-. compared with
| 3,19iO0o bu. year ago
| barley.
| Barley ruled quiet under light offerings and
| lack of speculative demand. Good, sound
barley would have brought about 35c to
| 46c. Two cars OF good barley brought from
| Sc to iic, and one car of damaged grain .s5c.
| Receipts were light, cars. and shipments
| S.432 bu Exports out OF New York
aanged from no sc to &C. feed lots Sc to 4oc
| screenings Doc to SIC. The visible supply OF
| grain at principal points of accumulation
| amounted to 5iS,ooo bu-. an increase of A.
| co bu.
| Rye.
The rye market was weak and about &c
under Saturdays close, This weakness was
! ascribed to the sympathy with the declining
| tendency of wheat. July closed nominally
at J0c. Sept. began at DC and declined to
| 5lc. at which figures II closed Receipts
| were ears ana shipments 1902 bu. Elk
| PORTS out of New York amounted tn 12i39
| bu The visible supply of grain at principal
points of accumulation was $4,000 bu..
| decrease of 50 600 bu. The amount of grain
| in local elevators summed up to $4,000 bu..
| a decrease of 1So0J bu. since last week
Range of Futures.
| Articles. Open. High. Low. Close.
| Nteat-July...-. "a az .3ia ItsIH
| Aug...... ...sssIs, IA. sSi- 1894
| sept. --..--..@SSHts .f's s9tsWtt
| CCrn-July..-.... 3,3a .3s as5s St.
! Aug. .-..'slefirs sss So SSisI5S
| - Tt.... ....--..3s03s', .sts ~ ISIS
| o@tS-July .-.....2lSsf, ia zig ia
| Aug. 2ias 2!a. 2l1s ia