The St. Louis Republic., 1901-07-16
CORN CLOSED WEAKER
ON REPORTS OF RAIN.
OPENED ACTIVE AND HIGHER
AT CHICAGO MARKET.
Wheat Lower on Good Liquidation
Oats Declined in Sympathy
With Other Grains.

REPURILc SPECIAL.
Chicago July 15-Wheat was lower on
good liquidation. The market was irregu-
lar. with good trade early.
Corn was active and higher at the open
ing. but closed weaker on good selling by
the local professionals.
Oats were well traded in during the early
part of the session, but declined in sympa-
thy with the other grains.
Provisions were lower and heavy.
Wheat.
At the opening wheat was influenced by
reports of extreme heat in the spring -wheat
territory, where it was feared it would
shrivel the grain and make the yield much
smaller than previously hoped. Prices
opened strong and %4c to l1sc higher than
Saturdays close. but there was a break OF
csc. with but slight recovery. final fig
ures showing loss of 1smasc. Trade was
rather brisk around the opening and trans
actions were of large volume, but later a
dull period set In, and after the early rush
prices receded gradually to the low point
of the day. The decline was started by free
local selling, which seemed to be liQuida-
ton, and there was good selling by pro-
feSsionais, who also bought some
The predictions of cooler weather for the
Northwest, the break in corn and the large
primary movement aided the decline. The
news from the Northwest was Of both
look in Southern Minnesota had been de-
creased about % per cent, while another
message claimed there was no material
change in the situation
The English visible decreased $4,000 bu.,
against "a decrease last year Of $4,000 bu.
The visible here decreased 17C9,Ooo bu.,
The total visible now Is 900 bu.. COM
pared with 46,0Si.0OO one year ago. Local
public stocks also showed large decreases,
slI.e00 bu. Receipts In the Northwest, Min
reapolis and Duluth were 474 cars against
M last year.
Local receipts were 40 cars. against $50
receipts at Western primary points were
1.S7c. .4S1 bu., against a84,7l7 bu. one year ago;
shipments were 6S4175 bu-, against 337
large. and the local shipping inquiry was
only moderate. with sales of 73,c00 bu. re-
ported. CIearances at the seaboard were
loads were accepted for export Liverpool
cables this morning were steady to kc low
er for cash wheat and 1sc higher in futures.
wb1s w6naon came nnchanged an to sc higher
paris cables on account Of holiday there:
The spring-wheat trade was quiet and
prices slightly lower.
Winter wheat was in moderate demand
doing in shipping business on account of
the unsettled feeling in futures.
Corn.
There was another very good trade to-day
and prices were erratic. At the opening
there was rush to buy. and prices varied
lc. The early trades showed advances Of
&c to 1sc. but q break of 2S4c followed, and
there was but little recovery from the low
point. the close showing Sept. &c lower,
Iee; ise to Gc and May May trie lower than an
under a rush of buying. but later weakened
to 49kc and closed at 1880.
The relative strength OF Dec. and May was
due to reports of rain in Kansas and Ne.
braska, which caused .f-ae liquidation and
realizing. The reaction was quite sudden and
the bulls quickly ran from the bears. who
clined. Liverpool cables were &c lower
| and London came Ac to 11ac lower. The
worlds Shipments showed 9 good increase
being .0S0 bu., against $4,000 bu. last
| year.
The visible supply decreased 10000 bu.
| against an increase last year of 10000 bu
| Local public stocks increased 2S9. 900 bu. Or
the coast 15 bcatloads were accepted ant
10000 bu. cleared. Western primary re re-
600 bu. last year; shipments were 100000 bu.
against $4,000 bu. last year.
The receipts sa n here were rather liberal. 4S
| The shipping demand was slow and only
| about 100000 bu. was worked. Car lots wer'
| in moderate supply, with tho feeling quit,
unsettled and prices irregular:
Corn by sample was In good demand. bu
the feeling was weaker and prices NC Il
| 1sc lower.
.
The oats market was governed to SOM
| extent by the action of corn. At the open
ing prices were 1c to 1lsc higher on the con
J tinued dry! and hot weather in the oat
| belt. On reports of showers in parts of th
| West and Central Illinois. however. price
| receded, losing the early gain and closin,
l at the bottom. showing net loss of &c t
Nc. Trade was not as large to-day as 1t ha.
been recently. and it seemed to be NOR
scattered. About all the large local trader
have liquidated. and the short interest wa
not large. The cash business was light. TIL
seaboard reported only 5000 bu. for expor
| and 1860 bu. cleared
4 Local receipts were 104 cars, with $50 car
estimated for tomorrow. The visible sup
ply decreased 1,1I7000 bu. and the loca
stocks decreased 729,OO0 bu. Oats by sample
| were in good request and prices we-s
| steady. Car lots to go to store were steady
and very little was done.
| barley.
There was a rather weak speculative feel
ing in the barley market on account Of tn
very favorable crop reports which were re
| ceived. There was no demand and it wa
hard to get bids Very little mating de
mand remains. and the demand for nike
barley is not perhaps 80 much for presen
use as for holding. Only two cars were re
ceived. The visible supply showed sma
| decreases from last week. Poor to goo
screenings sold at 35@41c: skimming SIC
low-grade 4Val3c; fair to good 47Gr5Oc: com
| mon seed A6f45c.