The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-05-22
WHEAT RULED STRONGER
IN CHICAGO MARKET.
NEWS FROM NORTH.
WEST WAS BULLlSH.
Oats Were Firm Under Good Buy.
ing-Corn Sympathized With
Wheat-Provisions Higher.

REPUBLIC SPECIAL.
Chicago. ILL.,, May 21.-Wheat was strong
er on bullish crop news. based on com
plants of dry weather in the Northwest.
Corn was strong. partly in sympathy with
wheat and unfavorable growing weather.
Oats were very firm. with good under
tone and buying by investors.
Provisions were higher. Phillips Is report
ed a buyer.
Wheat.
Wheat was %9Mc higher for May and NC
higher for July As compared with the clOse
last night. May sold at 73%c. up to 7fsc.
and closed at 741Sc. Cash business was re-
ported dull. ten boatloads being taken at
eeaboard and 10000 bu. at Chicago. Halt
a million bu. cash was delivered on May
contracts. The very small receipts In all
quarters were the main '.'bulr' factor. More
breadth and activity as well as strength
were shown early In the session. There was
improved buying from the West and sea-
board, and considerable wheat was taken on
Southwestern account. New York reported
Wall street as q moderate buyer OF Sept.
there. and It was said that quite . number
Of orders on the buying side were received
from the big trade mart where stocks only
are known. Dry weather complaints were
received from many sections In the Dakotas
and Central Minnesota, and the buying or
ders came with them. showing their prob
able genuineness. Predictions are for con-
tinued dry weather In the three spring
wheat States. Sept. wheat was bought. here
and at the seaboard on numerous bug re-
ports, coupled with the falling On IN
Northwestern and primary receipts. Gables
were about colorless-Lverpool waS UNI
changed; Paris was unchanged to 1c per
blu. lower and Antwerp. was unchanged.
| Weather in England and France was re-
| ported dne.
The French country markets are dull.
and English country markets quiet. Two
| cargoes arrived on coast, ana seven are
awaiting buyers at ports Of call. The Con-
sui General of the United States at Berlin
reports that in a number Of districts In
ter wheat area has failed. There was a de-
crease Of l.6ssJ502 blu. in the contract stock
for the week. compared with s.215.7H a
There was also q large decrease in the
worlds supply for the week-.loo.0o bu.,
/. compared With 49, 900 bu; a year ago; Out
and Minneapolis were 70 cars. az against
S6 cars yesterday and. 38 cars last year.
Local receipts were 42 cars. against 70 cars
are 90 cars. The receipts at Western points
were 2is;ls4 bu. as against S6s.74 bu. last
year Shipments from Western points were
Shipments. Of aour were ss.lsi bills: ex-
~ bu; July opened at 72xc to 7aSc, and
Il WdS toBC at Itc ClOSe oSRIs -SOtQ III (VrtV
nxc. and closed at nHc.
go Corn.
The volume Of business was only moder-,
ate. yet the feeling was one Of nervous
rkc for May and &c for July. and a frac-
ton for Sept. Cash transactions were
smsil. 10000 bu; at Chicago. and q boat
siderable nervousness was shown In this
market owing to the controversy over a line
Of corn that was rendered for delivery on
i Nov rnnfRnnta~ ~ tee rAf,v~av hv Hkn ~~1~-
eipssl May .Sonssaand saS The declaration Of
houses as Irregular by the Board Of Trade
directors until the matter can be inquired
into. May corn bulged up sharply under a
July sympathized. The local crowd talked
and acted .bulli:h" Commission-houses
higher for futures while spot was I'd
lower. Bradstreet's worlds available sup
ply p,s.s showed SUs,ns e dsc r;, Of s:ss.oos bg; fc +, The as
bu. a year ago. Local receipts were sl2
cars. Contract stocks increased 1851 Blu.
sSs 1as se With sn s.sl sSsal being sa. sea- gsss a SS;.
compared With s7s5ss Blu. : year ago. and
s sois e ssa s. =: ana az el ssss q e rs 81 g. .. Ssy
TX ssas. seq sspt. & sa e ass sas snd Closed e s &
Oats were active. WITH very heavy trad
ing both by local and outside interests. The
trade. centered IN July ana Sept. and a
publish" feeling prevailed. as crop news
was unfavorable. Shorts bought literally
and prices advanced A@tc. July and Sept.
ing holders on, the advance carried prices
back AG%c, and the close was the same as
yesterdays to Nc higher. There was a good
decrease In the available supply. Export
clearances were. 10000 blu. May sold at
3G1aG30%c. and. at the close was 10lkc. July
was active, selling at 2SXc and 29KG2exc,
closing at 8HG29c. Sept. was 16A927Nc,
closing at 26Nc.