The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-07-11
WHEAT AND CORN
MOVE UP A PEG.
FAIR TRADE AND HIGHER
PRICES FOR BOTH.
Government Crop Report Had
Much to Do With Advance
Markets Stronger.

MUCH TO do With ADVANCE
Markets Stronger.
REPUBLIC SPECIAL
Chicago. ILL.,, July 10.-Wheat trade was
fair and prices higher. The Government re-
port Is rather bullish.
Corn was active and stronger. with an
advance Of sc to Sc No rain West was
the incentive
Oats were excited and higher.
Provisions were stronger and higher with
q good speculative trade.
Wheat.
Wheat opened firm, &c to sc higher than
yesterdays close, on the sympathy with
the strength in corn and oats. Offerings
were small and the market ruled very firm
during the first hour of the session. Apart
from the critical condition of the corn and
oats crops. there was nothing alarming in
the news which was intended to discourage
short sellers, but the oversold condition Of
the wheat market placed that market in
line FOR an easy advance Trade was on a
modest scale, the crowd continuing to favor
the coarse grains as promising better re-
suits to buyers under existing hot and dry
weather. The condition Of spring wheat in
the Northwest maintains its previous fine
record. but the weather up there Is still rath-
er wet Liverpool cables came lsc to tsc
lower for futures and Paris unchanged TO
i4c bu: higher. Hard Kansas wheat III
Liverpool was quoted &c lower. There Was
some strength in the Northwest on claims
of damage to spring wheat in Iowa. Later
prices receded, partially In sympathy with
the surrounding markets and on fears of
bearish showing of Government report. The
liberal primary movement was also fac
Tor as we'll as favorable comments in the
government weekly crop bulletins. which
stated that winter wheat harvest was about
completed under the most favorable condi-
tons. Fine weather was reported in
France and England, and the condition of
wheat In Great Britain for the first week
IN July reported at Sl.6 per cent. The local
snipp;ns demand was moderate. and sales
OF 10000 Blu. were reported. AT seaboard
clearances were equal to 345,3I2 blu. The To-
cal receipts We're 66 cars. against IS in 1900
The estimated receipts for tomorrow are
l!o cars. Receipts at Duluth and Minneap-
o OIL were 1873 cars. against l65 one year ago.
tion or spring wheat to be a5.6 and winter
wheat SS.3. The condition of winter w,H:sat
improved during June. being $50 on July
l. as compared with S7.S on June and 80S
on July ! one year ago. All the important
winter wheat States share in this improve
ment' except Pennsylvania, Ohio and Mary
Ing the month 3. and points. respective
ly The average condition of spring wheat
al also Improve improved during the month. being 95.s
b5.2 on July !, 1900. The condition OF spring
and winter wheat combined was GIL. against
Sy sy on e 5niy ,d aS last year Primary receipts to-
shipments were 57o,f15 bu.. against 225, 500
bu last year. Spring wheat was quiet. with
inc feeling firm and prices &c to s4c higher.
winter wheat was also higher and a good
demand existed.
Ihere was another very large volume of
trade to-day. and the market was excited
and irregular at times Prices ranged lie
to 1Hc. The weather was the factor. and
still higher prices were scored. Sept sold
as high as 59asc. At the close there was an
weather map showed very hot and dry con-
dittons over the corn belt with tenpera-
lures as high as 102 in Kansas, 1O4 in Mis-
was practically no rain, and the country
was heavy buyer at; the opening, the
whole West seeming to be on the bull side
s a%a .a dePossed their corn curling and Kan
Private crop reports were all bullish On
the advance there was free selling BY, local
longs longs and several large lines were nqui-
dated, which caused prices to react some
what. The selling pressure increased on
Indications Of lower Temperatures West
s rae ., shipping tii demand was slow and ul-
Southwestern markets again sold UP sharp
ly, but reacted later In sympathy with our
m 1ss Local receipts were 1876 cars, will,
quoted cables unchanged to sd higher on
futures. London was I'D to I'D higher. The
feeitng on the Government report was un-
settled, but q decrease in condition Of the
growing crop was generally expected. The
report showed s1.S. indicating a reduction
o. y asSut If spo ac1es Mhs would S s
receipts to-day were $4,000 bu.. against SIS.
600 bu. last year; shipments were 174,OOO bu.,
against $1,000 bu. last year. Clearances
| the coast boatioads were taken for export.
Car lots were in very moderate supply and
| good demand. with the feeling firm. Corn
I tyye ryNyDlfn &tA LA hr 81
| !ac higher.
Trade in oats was heavy to-day. The
West and Southwest We're the best buyers
| days business the trade has seen in re-
cent years. On the advance longs took
profits. while local professionals added to
their lines on every dip, The main incen-
| tive was the hot dry weather and crop
| damage. the latter being confirmed by the
weekly Government crop. bulletins. which
ment crop report this afternoon gave the
condition Of oats at s3.7. against IS in June
last The o oats s condition suggests yield sel
| 100000 bu., suggested by the. June percen.
tage The cash business to-day was small
| and nothing was reported as having been
ances amounted to $4,000 bu. Oats by sam
| pie were in good demand and light supply
Provisions.
| There was good speculative trade II
rather unsettled: Outside orders were fair
but the local trading was active. The mar
ket opened with a good demand from al
| sources. and little property was for sale
At extreme figures there were moderate
offerings. and after these orders We're pro
vided for prices receded moderately and the
| market closed steady. The trading wa:
| chiefly in the near deliveries Domestic mar
kets were steady and foreign markets com
paratively steady. Pork advanced lOc tc
Csc at the opening, and further improve
| ment OF 15c was made. Later. there was
| more inclination to sell. and prices recedeo
| ~ to 10c Near the close there was rail-!
| of zoe. and the market closed steady. Lard
| prices ruled 121ac to 15c higher. Later, price.
| settled back 21zq5c. and closed comparative
1y steady. Ribs enjoyed rather a good trade
| and the feeling was stronger In genera
way. The market opened with a good gen
eral inquiry and PFC to &c higher. which
| ment OF 19c.
| Flaxsced.
| There were no new developments In thu
| max market, and extreme Quietness pre-
| vailed. Crop reports SO far from Iowa ant
Missouri have been favorable. The move
ment was very small and there was no casf
| fax on sale. There were cars received
here. and at Minneapolis only were re
| ceived, while Duluth got 2. Cash flax. No
l. S1.S8: rejected nominally s1.S2a1.S; Sept
| 1.52 asked; Oct. M42 asked. Sl.41 bid
| Range Of Futures.
Articles. Opening. Highest. Lowest. Close
H 81 Il Il e &: G.
corn-July .-..!s 44ss 49, At, 81 !a%
| Sept $1,000. .4s1tg51 5o9s 49AHss 49,