The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-07-27
CONSIDERABLE TRADING
IN STOCK MARKETS
STEEL SECURITIES STRONG
SHARES CHANGE HANDS,
Illinois Central Led in Railroad
Stocks-Government Crop
Report Is Awaited.

StASiSo, ILL.,, july G.-N neat WIS lduly
active with heavy undertone. fair trade,
market closing lower.
Corn was heavy; rather a narrow market
and lower on improved weather conditions.
Dut rallied and closed near yesterdays
figures.
Oats We're unsettled: narrow market and
closed lower.
Provisions dull; trade comparatively light.
Wheat.
The weather in the Northwest was cooler
ana scattered rains had fallen In many dis
trlcts OF the Northern sprlng-Wheat belt.
put the corn country was still suffering
over a great extent of its area. and the Liv.
efpool wheat quotations were only small
traction lower. which indicated some reason
abroad for less weakness than was dis
played yesterday In markets. on this side.
me unresponsivenesS OF Liverpool! mar
relieved corn situation were apparently the
features of the early news that wheat spec
ulators inclined to follow at the opening.
Ihere were buyers OF Sept; wheat at the
start at from 71ssc up to llssc. but it was
found there were more sellers than buyers
just then. and it dropped back to 7lssc be.
the developments on the bulletin boards in
the meantime rather favored the bear par.
~. For instance. st. Louis received 222VOo
blu. wheat compared with $4,000 blu. last
year. Paris quoted wheat futures from lh4c
to lac blu. lower. and private cablegram
from Odessa to Chicago house read: IT
| is now certain that the Russian wheat crop
VIII be an average one Harvesting IS
progressing favorably." Under this bearish
announcement. accompanied by liberal do,
nestle receipts and the absence of demand
for wheat for shipments, the market turned
quite heavy and about an hour ana mar
from the opening Sept wheat sold as low
as I0lgc. or 1lsc below the highest point Tor
the day. Chicago received lSS carloads OK
wheat and lis of them were contract. Last
year the local receipts were 1877 cars. Min.
neapolis and Duluth got 1859 cars. as against
2S3 the year before. and the total received
at the chief Western markets amounted to
1 1 bu compared with .s5 - 6u n,e tne
ances of wheat and flour for the day were
equal to 745,0O0 bu.
Argentine shipments of wheat FOR the
10000 blu. last week and 100000 blu. for the
same time one year ago. Minneapolis
stocks were estimated to show 10000 bu;;
for 175.GoO bui decrease. Liverpool closed
sd lower than it did yesterday for futures
and lsd lower for Kansas winter and North
gentine and California spot wheat. Unset.
tied weather was reported in France and
showers in England.
Corn.
Corn was rather firm, owing to the hot
weather. there being no permanent rain re,
lief within the last. twenty-four hours ana
none indicated outside Of showers for Iowa,
more moderate volume. and huctauations
| were confined within narrow limits. &c TO
1c.. Final figures. however. showed gains OF
report was bullish, 1t stating that extent of
the drought area exceeds all previous rec
ords, and is now too great to be materially
ton is decidedly worse.
Later In the day rain was reported in
portions of Kansas and Missouri; Liver
came unchanged.
Receipts were 1856 cars. and 1870 are esti-
bS mane
as against i. $4,000 bu for the same period
last year clearlngs We're moderate-s29 eco eco
bu.. az against $4,000 blu. last year. and
shipments were 10000 bu.: compared with
LOT, 900 blu. in 1900. Shipping demand was
moderate from the East but a sale of $1,000
bu. was made here to go TO Kansas City.
Oats.
Oats were unsettled with a moderate busi-
ness and a small range. compared with re.
trade. a feature being the covering of sales
J made in the recent bulge. Prices at the
proved to be the top for the day.
| A decline of Mg1c came in sympathy
| with other grains. and on favorable thrash
were 14s cars with 20 cars estimated for
to-morrow Withdrawals were &c 10 104 50; 500 bu..
Provisions.
| Provisions were comparatively dull and
| trade was light. The offerings were not
| very large. but buyers were backward and
We're lower at the yards. and the grain mar
kets were rather easy. Outside orders were
| light. and local operators and packers are
| not inclined to do much business. Prices
| averaged somewhat lower on all descrip-
| tions, and the market closed Steady. Re
| ceipts of hogs at the leading Western pack
| Ing points were estimated at 81 800. compared
with 5000 one year ago, which was re-
garded a weak feature.
Domestic markets were quiet and foreign
markets We're steady and unchanged. Ship
ments We're moderate. and sales not very
large.
Mess pork was rather easy. Only a small
| business was reported. Prices ruled 1Gl1171ac
lower, and the market closed quiet around
inside figures. Lard was easier, only a mod
crate trade being reported.
Offerings were fair and the demand was
moderate. Prices ruled 5G10o lower on the
whole range, and the market closed steady
around inside figures. Ribs-There was only
demand moderate. Prices ruled about 21Rc
lower. and the feeling was steady at the
decline.
Futures were quiet and sales for Sept.
| were made at decline Of SC. as compared
with the nominal price of yesterday. There
| was considerable interest in the cash mar
| kat, which was in better demand. Offerings
were fair and prices &c better for No. L
Local receipts were u cars. and the North
| the Southwest are discouraging, showing 3
| bu. per acre in Missouri and the Kansas
| crop is poor. Oct, $155, nominal: No. 1
brought SLIT.
| Timothy and Glover Seeds.
| Timothy and clover seeds were dull, yet
the feeling was unsettled al and 1,,i irregular
| nal; Sept. $40 Oct. s5.35 asked. contract.
ok as 81 poo, to S eho 1a country $500
| s455d4.7O. Clover-There was little bet
ter inquiry. and prices were better for fu-
| changed. Poor to choice $6Gl9.70; fair to
good $7.51ds50; contract SO; Oct. $1025.
| Barley.
| Barley was uninteresting and dull. There
| were a few samples received and shown on
| the tables Only 3 cars came forward and
hut one of these was reported sold; For
| Sept and Oct, delivery No. had bids of
sc without any offerings: choice new bar
ley to arrive sSs bid heavy choice Rsw Of
4Sd52c: screenings. 42652c: low-grade, used
| for mixing, .46a5Oc: mailing. common to
| fair. 52G5Sc.
| Range of Futures.
| Articles Open. High. Low. Close
wheat-July -. e9N 7oM 6ah ssia
Sept .....- 5I%gi; Isst 90! .9,t .S o.