The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-07-24
RUMORS OF RAINS
WEAKENED GRAIN MARKETS.
GOOD TRADING AT IRREGU-
LAR PRICES IN WHEAT.
Corn Was Active, but Lower-Oats
Excited With Decline-PrO-
visions Unsettled.

VISIONS OuSCl lACu.
REPUBLIC SPECIAL.
Chicago, ILL.,, July 23.-There was a good
trade at irregular prices in wheat. Tho
close was lower than yesterday.
Corr was active and weaker on rains in
the Southwest.
Oats were active and excited. very irreg-
ular and lower.
Provisions were active. but feeling I'M
settled. and prices irregular.
Wheat.
The market was greatly unsettled to-day
and prices were very irregular. the range
for the day being about 15sc. There was a
rush of selling at the opening, and Sept.
sold off to 709sc, but was followed by
rally to 121sc, then declined to 7Gl4c. and at
the close showed declines of &c to 2Ac. The
sudden and severe break in coarse grains.
coupled with the disappointing cables and
heavy local receipts. was mainly RESPONSE
bic for the early break and liquidation. At
the decline, however, there was good buy
ing by influential interests, and the market
responded readily.
Paris was up equal to 2&.Iilac, Antwerp
gained 1I.c. Press cables all reported high
temperatures all over the Continent, and
liverpool quoted spot La Plata I'D lower:
No. hard Kansas and No. Northern %
higher. and California up I'D. Futures
%Srs only rbs a hsher ondon GAINED
North Dakoto and Minnesota. but fair
weather for South Dakota. The clearings
were again liberal. 6Sl.O00 bu.. and % boat
available supply increased $4,000 bu., COM
pared with decrease last year of 1925. 100
of last year and Northwestern receipts
We're practically the same as in 1900 The
900 bu., as against 14,255, 600 bu the same
creased 500 bu. last week to s,zsl 800 bu.
compared with 9.S27300 bu for the corre-
spending date last year. The receipts at
Liverpool for the last three days were 1884,
go bu., and 13 cargoes We're reported off
the English coast. az against yesterday,
and those on passage were held Cd higher.
The local shipping demand Is moderate,
and but little business was closed. Receipts
In the Southwest We're behind those of a
year ago. The second break was due to
States being placed as high as 235 900 600 bu.
Receipts at Minneapolis and Duluth were
rs cars, as against 4S4 yesterday. and 22s
cars one year ago. Local receipts were 500
cars. as against 291 cars last year Esti-
mated for tomorrow are 275 cars. The re-
ceipts at Western points were 91s.S91 nu..
m ,l 57s.6l7 bu.. against 2sloSl bu. one
year ago. Shipments for export wheat and
hour were equally 669l9 bu
Corn.
There was another immense trade with
the market most erratic, and unsettled. in
fact more SO than any day yet Openin0
trades varied &c at the same time at the
opening amid the widest kind OF excite
ment. Commission houses as a rule all had
selling orders. and there was q rush 10
nduidate at the start, both by local and
interest made the drop in values the more
rapid: Sept corn weakened to &c. Dec. to
sSG and May to 6611c. 4 rally. OF SIC to 10
sSo%ss d shs or but o at the close
press advices reported rains in Southwest
ern Missouri and Southeastern Kansas. and
the Signal Service predicted possible show
clear and warm for Kansas. Illinois and
Indiana
Local parties Just back from tour of
rains within a week the first-named State
latter 50 to 70 per cent. The rally was due
abons the reacton WSe
not hold, however. Stop-loss orders were
much in evidence on the early decline Sew:
early ca dy, in n, the day Liverpool quoted spot
higher; and London came I'D lower.
$50 last year, with 10 cars estimated to-
morrow. Bradstreet's decreased 1872 600 bu.,
az against decrease OF 1,16S.O0O blu. last
year. Inc lOtA local STOCKS are ll,oS
bu.. against 4.254 900 bu. last year. Clear
ings were small. $4,000 bu.. and Is boat
loads were taken on coast. Western re-
seipts were 1900 81 bu last year $500 bu.
one year ago.
The weather map was decidedly unfavor-
able. showing high temperature and practi-
cally no rains in the corn belt.
Oats.
Oats were wild. being the Same as the
other grains. with fluctuations covering 80
range. The reports Of rains in Kansas and
Missouri which broke corn and wheat,
started general stampede In oats. The
crowd was long and was scared into SELL
ing. Opening sales were at &c to 2Ac but
the loss was quickly recovered, only to
break &c. and the close was at net loss
of 214c to 2asc. The Illinois crop report said
the yield was fair and report from Iowa
said the crop was cut and was an average
yield. Receipts were las cars. with 10 esti-
mated for tomorrow. The available sup
ply decreased 1,147.O00 bu., as against ST.
900 bu last year