The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-07-06
WHEAT PRICES STEADY
IN CHICAGO MARKET.
CORN STRONG, WITH GOOD
TRADEON BAD CONDITIONS.
Oats Ruled Strong Under Good
Buying Provisions Opened
Weak, but Strengthened.

REPUBLIC SPECIAL.
| Chicago. Ill. July 5.-Wheat opened lower
on cables Trade not heavy. but prices
rather steady.
Corn strong. with good trade, on unfa-
! Vorab.e crop conditions.
oats StrcnS. Will: good buying.
provisions weak early, but strengthened
| up later OH fairly good buying.
Wheat.
The weak foreign markets and heavy re-
ceipts were the reasons for the easy feeling
| IN wheat at the opening. The strength that
developed In corn later in the forenoon gave
the wheat market much support, and held
prices from giving way entirely TO the con-
oitiohs or weakness that surrounded the
wheat situation. Liverpool quoted futures
'4d to I'D lower. and Paris showed decline
OF lSsc blu. lower for Aug, and 2lac lower
LOT Sept. and Dec. The Cincinnati Price
Current estimated. from present prospects.
an exportable surplus of S50,0oooOo bu. or
more during the season now commenced.
Rain in Concordia and Wichita. Kas.. was
shown on the weather map and the North
west claims damage has been done by too
much rain. causing rust to form. In Eng
land and France the weather was fine. Chi
SeSo ie'eiNeu IL cars OIL wheat. Inc local
estimate for tomorrow is 14O cars Mime
apolis and Duluth received 452 cars. COM
pared with asa last year. The aggregate of
the days receipts at Wester primary mar
kets was S35,CD0 bu.. AGAINST 5000 hu.
shipments were Gil $40 bu., as against 800 :
on bi.
Argentine shipments for the week were
only AVsWo bu.. as against 2,16S.0o0 bu. last
year. and the total shipments from there
since Jan n 1l4 C00 hi
against 5i,oO6,0O0 bu. in the similar period
OF the year before. On the coast IS boat
loads We're reported taken: The local cash
demand was moderate. and sales of l75.U0I
bu. were reported Spring wheat was In fair
demand. with n firm feeling. Winter wheat
was In fair demand. and the car lots of
fresh arrivals were taken UP readily by
SPECTATORS. - +at
1here was an active and excited corn mar
ket to-day. and a large volume of business
was transacted. At the start the feeling
was mixed, hut the situation gradually be-
came stronger with all of the advance
maintained. July closed 1asc higher, Sept.
itac higher and Dec. 17sc higher than
Wednesdays close.
operators were somewhat uncertain what
10 consider the weather man. az showers
were reported in Iowa. Illinois and Eunsas.
Local traders sold Later on adviccs fr.m
,ne southwest were of sensational rider.
which, with the jump of 2Jzc In July corn at
St Louis. started locals to covering, the
market acting oyersold Outside markets
were strong. The Price Current stated chat
a ane corr n. crop was progressing favorably
except IN the Southwest, where It needs
rom. london cables said the estimates on
the Argentine corp crop were being re-
a gu shipments ,1 pr from Argentine amount
ed to 600 bu. Local receipts were ll5
cars, and $50 are estimated for tomorrow
liverpool quoted spot corn steady to I'D
higher and futures unchanged to I'D higher
Wednesdays close. Clearances for the day
were $4,000 bu Western primary receipts
We're $4,000 hu;; against $4,000 last year:
year. Car lots were in :. little large sup
ply and fair demand selling by sample
Corn by sample was firmer and the demand
was good
The oats market was excited. with very
large volume of trade. An advance of Ilkc
was scored. and bad Views held at the
close Unfavorable crop reports and the
caused heavy covering by shorts and invest
ment buying by lfSal and Western holders.
offerings were s'.'ttered and readil:, alb.
sorhed. Sales on trk. were made OF No. .
at 29MS0c. Despite the advance cash sales
were large. 275.O9o bu. The seaboard clear
ances g amounted to 5000 bu. Local cars
were 12S. with 1s5 estimated for tomorrow.
ProvlsiOns.
There was little pressure to sell in a
general way. owing to the easy feeling in
the hog markets and in the increase in
considerably lower on all leading articles
early. Later, however, there was less pres
sure to sell, while the demand improved
somewhat and stronger feeling developed
concessions were made near the close. and
In general way: the market closed steady.
Inquiry on shipping account was moderate
and offerings fair. Pork was somewhat un-
settled; offerings werai quite free early. and
with prices 10c to 15c lower. Later good
miscellaneous demand prevailed, with mod
of zoe to 22lac. Toward the close prices
settled back Sc to TIC and the market
closed steady. La:d was unsettled early,
ruled 2iac to &C lower. hut at the decline
the demand improved on purchases for local
account and the price recedee 1CaG15c. To-
strong, and prices closed steady after 4 re-
cession to 213c. Foreign advices were rather
unfavorabIe TO holders. Ribs offerings were
lower A good demand prevailed later. how
ever. and prices rallied PHO TO &c, anC closed
rather steady.
Flaxsced.
Flax ruled quiet. Futures enjoyed sub
stantial advance. while cash flax remained
salable and firm at the late quotations. Lo-
cal receipts were small. cars Minneap-
fax No. ] Northwestern sl.ss: rejected nom-
inally sES2@1.S4: Sept. s1.50; Oct. $l.45.
Timothy Seed.
The inquiry for timothy was very good
There was also some increase in the offer
inss. Under this increase there developed a
weaker feeling and a reaction so that the
final closing left the market without much
change. Sept. sales were made at g. 1904. A.
and at the extreme close "a Az: Oct. $437a
bid: country lots. poor to choice $344.25: fair
to good ss.9oaA1O; common rough seed 1856
G3.S5.
There was the same dull. uninteresting
market in clover Poor to choice seed $50
9 for poor to choice; fair to good $500
$50: contract nominally $780,
Barley.
There was no peculiar feature to barley
to-day except the speculative demand for
new No. 2. Sellers were very scarce. The
cash market was neglected and there was
no regular demand noticed. Some Of the
usual buyers might have been induced to
make purchase II offered barley at some
concessions. The movement was small, re-
ceipts here being but car. Screenings sold
at 33G3sc; poor barley at the river 3Sc: low
grade to common spot nominally 40045c;
fair to good 47d50c: very choice possibly
shade over.
Range of Futures.
whsas@ialy .....ssssA sasSa ~ $500
Dec .ssass So S9s ''' ss
Sept. 49,. ...... .4ssais IS AZ ~
Dec. ........... .45qD45iS 1875 q 49,