The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-07-20
CORN MUCH STRONGER
IN CHICAGO MARKET.
PRICES ADVANCED OVER
ONE CENT.
Good Trading in Wheat, With
Higher Quotations-Oats Bull
ish and Excited.

REPUBLIC SPECIAL.
chicago. ILL.,. July ie.--There was a good
trade IN wheat. with prices higher.
corn was much stronger; trade active
Prices were 1Kc to lac higher at the
close
Oats were higher and trade excited.
PROVISIONS We're stronger and slightly
higher, in sympathy with advance in
grains.
Wheat.
With practically no relief. present or
prospective. from the drought and heat, all
gram markets started strong and higher
wheat IN the Northwest being still in
stage OF Its growth which renders it sus-
ceptible to unfayorable weather. and the
weather Bureau remarking in its predic-
ton for the next thirty-siX hours that the
temperature had risen quite rapidly in the
northwest, gave rise to apprehension of
pnSht 10 rlpening wheat, extending north
OF spring-wheat region, which has so far
suffered from excessive heat. Sept. wheat
opened at from 6Sl4c up to 6Sssc. or from
3sc to 1ac above the close yesterday. After
reaction TO 6ISc. due to the receipts of
3lo,U9o bu of wheat at St. Louis. the mar
ket resumed the condition of bullishness
With which trading commenced. and 6Siac
was soon thereafter the ruling price for
awhile.
Liverpool sent strong cables and quoted
I'D advance: Paris was equal to &c blu.
Tor more distant term. but Antwerp was
down the equivalent of FAC bu, or half
the previous days advance. Receipts at
ST. Louis year ago were 245,000 bu. or
$1,000 blu. less than was received to-day.
While Kansas City got 10000 blu. to-day,
or 2eog bu. more than it got last year.
The aggregate in the West was 1,215,OC0 bu.,
or 4S9,e0o bu. more than the previous years
total.
Chicago received 2oS cars. Minneapolis and
Duluth got 255 cars. compared with 225 a
year ago. Argentine shipments for the
week were 100000 bu., compared with 1,736,
eoO bu. for the same week last year, and
since January this year the total to date
is 100 bu., against 57,17S,O00 bu., the
similar period one year ago The seaboard
clearances Of wheat and flour were equal
TO 3SS2.0O hu. Minneapolis reported a prob
aole decrease in stocks of wheat for the
week of about 100000
Farmer said: winter inter- wheat. a estima sa
will be materially enlarged spring wheat
go cars. Withdrawals here were $500 bu
FINAL figures showed about. sc gain.
Corn.
Corn was active. excited and made fur
Their advances to-day, Sept. selling to 5ic.
Dec. sold to 54ssc and May 557sc. The close
showed gains of 1h@1sc. The weather
map indicated an absence of rain, except In
Southeastern Kansas, with temperatures
high. and the weather forecast indicated no
rain relief, with continued warm conditions.
ish. 1t stating in part that in Kansas. Ar
kansas. Missouri and Iowa. which contain
one-fourth Of the corn area, the situation
is growing worse. equaling the drought Of
1884 and that rain now can do little good
except for grass, fodder and the late plant
ed corn. There was renewed buying by the
country. and local realizing at the start.
but later on the reinstating of long lines
sold out early caused q further advance.
The trading. was Of very large volume
and the market was nervous and irregular
higher. with receipts the past three days
2s6 900 bu.; futures I'D higher. London
gained 5sd to 1ssd.
Argentine shipped $4,000 bu., making 49,
for the same time wear ago. The visible
was l,5l2.00o bu.: last week 10000 bu.. and
12.000 bu. one year ago.
Arrivals from the interior were large and
export inquiry good Receipts here were
1SG cars for the week, 2,0ls cars and 1854
cars last year; Clearings were $4,000. last
crate, the advance of futures checking OPP
erations. Western receipts were 10000 bu.,
against $4,000 blu. last year Country nc-
morrow are 225 cars.
Oats.
Oats were active, excited and higher to-
| day, selling at the highest prices so far. A
feature of the market was the increased
demand for cash lots from the Southwest,
5000 bu: being sold to that section, inciud-
ing 10000 bus to New Mexico. Total cash
that quantity sold. Hot. dry weather and
| unfavorable crop prospects and the adj
vance in wheat and corn helped oats adj
der to the same price as the Sept. option.
| Sept. advanced 1850 and May lie. all closing
at about the top Cornmission-houses trad
ed heavily, and provision interests which
| ances were small. Withdrawals were AZ.
| 100 bu. Receipts were IS cars, with 10 esti-
mated for tomorrow.
| Provisions.
Only. a moderate trade was reported ir
| provisions Offerings were fair, and there
was no particular demand from any source
At the Opening the market was. stronger II
hogs. and prices ruled slightly higher
| After a few orders were provided for ar
| easier feeling. was manifested In the neal
deliveries and prices receded slightly. II
| the last part OF the session the feeling wa:
| stronger in sympathy with grain. and the
market closed steady around ,nn 1utsid!
| prices ruled higher.
Receipts at the leading Western packing
points !;In ~ were yer estimated at $50. compared
we're firm, Domestic markets rather quiet
Shipping demand fair and offerings no
large. Pork demand only moderate ant
|
$3.50. 80
Lard trade was only moderate. offerings
rot large and Inquiry only fair. Sept
opened around SSH, sold to $s.65. ant
at ;s.szhs. sold to ss;s2.s. and closed stead!
at 1857 sellers. Ribs trade was fair blu
offerings not very large and the deman'
moderate. Prices were slightly highe
early, but receded 212Q5c. Later prices raj
lied 21adoc. and the market closed steady.
| Flnxseed..
of a few bag lots. New flax is expected t
be moving soon, and this Is causing value
to go lower. the cash seed having of lat
been very much above the futures of earl
new crop deliveries Speculation was al
most at standstill. very few orders beinn
uncertain. and reports are conflicting. an
1t Is difficult for operators to make u
their minds just what to do. Sept. 81 &c
Oct, $3.50 bid. Minneapolis and Duluth re
| ceived IA cars of flax.
Timothy and Glover Seeds.
The developments in the speculative mar
ket was not important, and in cash see
nothing was done, for none was Offered
Cash seed could not be called changed fror
late prices. Contract old s.; country lot.
As: common rough asoat 50: Sept Sept. ST.
asked, $40 bid; Oct. s.s7is. Clover wa
nominally unchanged. The seed part Of tn
crop Is now growing. and the future Is un
certain. No speculative orders are comm
t. the market far t. Oct o o pSSr to nheS
Range OF Futures.
Articles. Opening, High, Lowest, clOsln
SCI. ss ,sss: s.. $ $; = =
CorE-July $3.50. 5lE 52ss 51;s 62