The St. Louis Republic., 1901-07-28
SHOWERS IN CORN BELT
CAUSE PRICES TO DECLINE.
CLOSING QUOTATIONS. WERE
IA TO 3-S OF A CENT LOWER.
Wheat Trade Moderate and Prices
Down-Oats Unsettled-PrO-
visions Active and Lower.

Chicago, ILL.,, July 27.-Wheat trade was
moderate to-day and prices were lower.
Corn was active and easier, closing AG$c
lower.
Oats were unsettled and some lower.
Provisions were active; only small busi-
ness reported, with prices lower.
Wheat.
The weather map to-day showed a greater
amount of rainfall than at any time in the
last three weeks. with somewhat lower
temperature. This caused weakness in wheat
at the opening. Liverpool quotations of
wheat futures were materially reduced, be-
ing from 1sd to 1asd lower than close yes
terday. The Northwestern spring wheat
country received more rain and the tenn
perature was moderate.
1t was under these conditions that Sept.
wheat, which closed yesterday at 70esc,
opened with sellers at from 69%c down to
6s1ac. Corn at the same time and for rea-
sons partially similar helped also to de-
press wheat.
Liverpoors reasons for its great weakness
was the assurance it believed it had through
Shows estimate of being able to make its
own price on the handsome surplus there
must necessarily be from crop in the
United States Of 10000. 900 bu. Paris quoted
1c bu. rise in price of August wheat, but
the equivalent Of &c a bu. decline for Sept.
and Dec. Australian shipments of wheat
were $4,000 bu.
Chicago received 253 cars. Of which 245
were from the new winter wheat crop. Ex-
cellence of the quality was still more no
ticeable feature of the inspection returns.
Estimated receipts for Monday are 275 cars.
Receipts at Duluth and Minneapolis were
2c3 cars. against 1es cars yesterday and III
cars last year. The receipts at Western
8Oi blu. last year, and shipments were 69S,-
S27 bu.. against 1851 bu. last year.
There was only moderate speculative
in the day. Fluctuations covered 111&c
range: Sept; showed a loss at the close
of 3sG1c. Shipments Of wheat in flour were
equal to 270.S27 bu.
Corn was active and excited early in the
day, but later became less irregular. The
trade was heavy. particularly at the open
ing, which was h@1,sc lower. An advance
clines of AGAc to sc. The weather map
showed more and better rains over the corn
belt than at any time in weeks, and there
was wild rush to sell on the part Of local
outside longs.
While the rainfall covered a greater sur
face than at any time for several weeks 1t
merely a more wideIy-scattered distribu-
tion Of local thunderstorms. and it was
thought. in any case. to be doubtful wheth-
ran as so much Of
stroyed.
Moines. Ia, where. it is supposed, rain
would be Of great benefit to the crop. took
the trouble to count the ears formed on 100
fourteen. whereas, had the termination been
OF the usual character. there should have
been anywhere from 800 to 500 ears on the
The still partial character of the relief af-
forded by yesterdays showers caused spec
uiative sentiment to resume some Of its
this week were 2.4s1,0oo bu, against 3.l6s. 900
bu. one year ago. Clearings were 10000
bu. and five boat loads were taken on the
and futures steady to I'd lower, while Lon
don was Nd lower to Nd higher. Local
600 bu. '''
Local receipts were 1853 cars and 10 are
promised next Monday. Prominent profess
sionals were the best buyers after the weak
buyer.
Oats were weaker and lower. making the
greater part Of the days range at opening,
first sales being " to &c lower. There
close was at net loss Of Na%c. The
weak cash market offset reiterated re-
ports OF crop damage in the Southwest
and a good demand from that section for
to go there.
Local professionals are bearish for the
present and are awaiting corn development
while the country Is long and seems salts
fed to remain 50. At New York yesterday
No. oats sold at 3sc. and at about the
same time in st. Louis sold at 4Oc, showing
that the oats price is largely a matter Of
feed. There was good commission house
and professional buying and some scattered
realizing by outside longs. Local receipts
were 81 cars. with 80 cars estimated for
Monday.
Barley.
Barley was dull, only a couple Of cars
| OF new barley being offered and no sales
reported, the bids made not accepted, Cash
market hardly established yet, not enough
coming In to make market. Common
screenings 45c, good to choice perhaps a
shade above; mailing. common to fair, 500
65c; good 57G5sc; Sept No. 61kc asked, 60c
| bid: Oct. 61c.
Rye.
Rye was weaker to-day, with less doing,
Prices were about Nc lower. There were
moderate offerings and not SO much de-
mand. The weather In other grains helped
| to produce the decline. There were no
Withdrawals from store here and no export
clearances from the seaboard. The receipts
| in store 55hc; t. o. b. 561kG57c; No. 3 to go
| to store 551sc and I. o. b. Sc; no grade 4lc.
Elaxseed.
Flax was entirely lifeless and nothing at
| all developed in the market. A few cars of
| No. cash sold at $1.s3 being 1c advance
| over yesterdays quotation. Rejected was
nominally sa7c discount from No. 1, depend
| of which cars were inspected. and 5 Of
| them graded contract. Minneapolis and
! Duluth got s cars. There were no future