The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-08-04
ENORMOUS EXPORTS
STRENGTHENED WHEAT.
CLOSED SIC HIGHER DESPITE
FINE WEATHER REPORTS.
Germ Active and Unsettled, but
Closed at lie Advance, and
Oats Followed Suit.


! REPUBLIC SPECIAL
Chicago. Ill. Aug. 3-FIne weather for
spring wheat caused weakness at the start.
' Tut enormous exports improved prices and
the close showed a gain of &c over yester-
DAY.
Corn was active and unsettled. closing
higher. with final figures isHI.c higher.
oats roiiowed The corn market through
out. closing ut the top with a net gain Of
aa@sc.
Provisions were Influenced by the grain
markers and were steadier. closing at me-
dunn figures.
Wheat.
mere was a disposition TO sell wheat at
the oitniEG. inouced by the still generally
the bearish feeling ~ensender,,i Ly m. estl-
mates published ABOUT every second day of
.ne enormous aggregate of this year 5 wneat
shortly after the opening. when the first
natcn OF selling orders had been placed and
m uay exports were giving evidence OF
UNUSUAL mag nitude. IL looked before all the
hSures We're n as II over leo. eco bu. wou;i
De the days record in wheat and -four.
sep. wheat, on that. rallied from es,sa
oS4c, To which 1t dropped soon after the
bringing 6eisc.
Without returns from New York or any
OF the Gulf ports wheat exports We're l.042.-
go bu- and flour 27.0oo bbls. That. follow ing
the huge bulk Of the previous two DAVIS
DfouHnt INTO prominence the OK
ttaoruinary requirements of Europe and
the additional suggestion in such immense
quantities being taken from this country
that little was to be had elsewhere. A let
ter from n Berlin correspondent of a Chica-
go commission house gives color To the
above deductions.
The total clesrances from Atlantic anil
Cur ports amounted to l.ss5,U u bu. Of wheat
and flour. Of which great quantity Los. s.5
bu. was In the shape OF raw grain. Corn.
avfng good reasons Of its own for a decii-
ed recovery from the easiness of its start.
helped. by It's strength. in the material rise
made by wheat. which kept on the jump till
above the lowest point il touched after tins
opening. there was naturally some selling
10 realize profits that led to some reaction.
Local receipts of wheat were IS. cars.
against l16 last year. Minneapolis and Du-
luth got l2S cars. compared with 22I last
year. australia shipped TO Europe $500
cd wheat futures unchanged for Aug. and
&c q bu. higher for Sept.-Dec. Liverpool
and London grain markets were closed and
Will not reopen till Tuesday morning.
Corn.
Corn was easy and prices lower at the
opening. but traders soon had reason to
front was no half-hearted eleyenth-hour
repentance. either. The reports from the
corn country were generally of the most
depiorable kind regarding the extensive
loss of the crop.
A dispatch from Carroll. Ia. to a Chi
cas9 grain house. purporting to give the
'ofh !" Tia hhk- !.
as officially estimated. at 40. whereas July
i corn in Iowa was given as 81, caused the
great change of heart among SPECTATORS
indicated by a recovery in Sept. price from
5sizc at the opening to 5Sisc about an hour
from the close.
The value in the end was 57Izc. compared
with S1isc at the close of Fridays market.
The lack OF of an official ut
terance from Iowa AGRICULTURAL authorities
of corn for the State. modified the bullish-
ness prevailing Immediately after 1t was
first rumored.
Local receipts of corn were l57 cars. and
l35 was the estimated number for Mon
day. Trading was on n heavy scale. with
local professionals fairly well divided In
their opinions Of values.
Oats followed the trend of the leading
grain markets. prices showing decided i'm
provement. following a slight dip at the
top. with a net gain OF Lose. The trade
was fairly active. but presented no features
of special interest.
Local shorts covered freely on the adj
vance. Commission-houses were moderate
buyers and offerings fer the most part were
scattered. Country offerings from Illinois
movement is exceedingly small. Local re-
ceipts to-day were posted at as cars.
barley.
Little to the market to-day-only a few
spot cars came on sale. Buyers were will
ing to purchase. and a strong market was
quoted. Some new fair TO good sold at
u. SOC, CHOICE 10 fancy nOmlnduN aDOut
5SI6lc: common. thin. new 51n52c; Sept. or
Oct. salable at Coo and held at SIC; old
barley. screenings. 42n46c; common to fair
mailing 47n5c.
The market was steady and recovered
slightly from the inside price of yesterday.
Demand was moderate and offerings. light
to-day. The receipts were Z cars withdrawn
from private warehouse and none from pub
lie elevators. No export clearances. No. 2
to go to store 5sizc: white rye sold at 5c
(. o. b.: No. , Soc. to go to store and (. O.
b.: Sept sold at 5Sd5sIzc and closed at
J61zc asked: Dec. Sc.
FlaXseed.
There was not much of a market. No
sales aside from "A few cars. Nine cars or
$3.50 bu- came in; s cars were inspected. with
only 9 cars contract. Minneapolis receipts
were 3 cars. and Duluth received 1 car. No.
/ and No. / Northwestern spot 81 Is; Sept.
S.eo bid and $1.64 asked: Oct. Sl.d bid and
sl.5S asked.
Timothy and Clover Seeds.
Timothy was easy. The feeling lately
noted was again present. New crop futures
we're a little cheaper again, but the change
was not important. about Sc easier: Sept. |
sold A.9 and Oct. was nominally $3.50
small lot of new seed. very nice and bright. \
but not clean. sold at s.. Old - |
mon rough 81. a go; quite poor seed |
brought A.2s: contract. old. about $3.50.
Glover was nominally unchanged. Oct.
quoted nominally higher. $40. 30. No cash
seed offered and market for old seed nom. !
inally unchanged: country lots. poor 10 high |
grade. g IS; fair TO good, Sis; contract. |
old. s1o.25.