The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-06-01
STRONG UNDERT0NE-
WHEAT SHARPLY HIGHER.
MOST OF THE STRENGTH
CENTERED IN WHEAT.
Corn and Wheat Held Up Well for
a Time, but Weakened OFF Some
what Later in the Day.


The holiday so generally observed at the
grain centers Of the country Thursday ap-
peared to have improved the speculative
temper and the situation at all the leading
grain markets. and on the resumption OF
business yesterday all kinds of grain ruled
more active and generally strong and high
er. This was the case here. considerable
strength being developed right at the out
set. and for a time grains remained strong
and showed every evidence of doing bet
ter. but after advancing quite sharply they
one and all eased off. and. while in the case
of wheat there was an advance for the day
OF from &c to ssaAc as compared with the
closing the last regular trading day. the
cheaper grains were not SO well supported.
as corn closed only &c up to sc down. while
oats were 1-l6c better to &c lower. In n
speculative way. while the Improvement
was not so marked as II was in the case OF
values. there was still some little life and
animation shown. and there were intervals
when the proceedings in the pit were quite
lively. more interest apparently being tax
en- by those interested.
There was a considerable show of
strength all through the day In the local
market for wheat. the bull feeling most OF
the time being In the ascendent, and high
er prices went on record from the start,
and. although the top figures were not
maintained, the close was very encouraging
to the friends of that grain. Wheat showed
a strong undertone all day. and crop news
was the factor. The Northwest sent a
number Of complaints of a lack OF rains,
none having fallen except in South Dakota.
and drought conditions continued to prevail
in all of the spring-wheat States. Liver
pool opened up with I'd decline. but later
recovered. and the receipts at primary mar
kets were again reported large. particularly
for the season. The chief influence, and. In
fact, about the only one regarded early.
was the Northwest advices. and these start
ed q buying craze right at the opening. This
opened July here ssg1zc higher than it
Sept sold &c higher at 7Oc. The usual re-
g gssfs, Of hS damage ms'n,S by ,l iy cane from various
Illinois and the Territories; but these were
not regarded like the weather conditions in
w, Mss S s9penieesea a uS 10 e T sss , ss5sn sSa Ta M;nt
neapolis reported indications for rain: then
the market eased up a little and July sold
Deni H Of a"a the ee Statement MSs t1 from Min SssSo ii;
brought renewed strength, and July started
upward again and sold as high as 7osa7lc.
also brought strength. those received from
Liverpool reporting I'd advance for the
day. Berlin was up Nc and Buda-Pesth &c.
3zc lower. The days export clearances were
The last half Of the session considerable
very much unsettled and inclined to be
nervous. The Modern Miller weekly report
on crop conditions was favorable for win
Z Northwest were that the sp~ring-wheat crop
was in fairly good condition and only re-
quired rain to benefit it materially. This
checked the rising Tendency of the vparkof
ing OF TO 7eAq%c, while closing at 7OAc
%a. OF ore ssaAs at h 1Sa and DOR thai aae 1 DAY b, sept q;
close. and May was nominal at 72Zc. Ac-
cording to Bradstreet's figures the weeks
Su. last S week and sse s.ss So; f b.. .f fase year 1s~"'
This local market for corn was rather
wheat. but during most Of the day It was
strong. and there were some advances reg
istered. which. however. did not hold to
markets were moderate. and the days clear
ances only "a. 900 bu.. while the receipts
be Offering sparingIy. Cables reported Quiet
decline: There was but little speculative
few changes in prices after the early ad- |
vance until after noon. All domestic mar
kets were strong yesterday morning. the ad-
ence. Here the July option opened &c bet |
ter at 421tzc, and then sold at csc, and Sept
had 427sc bid. During the last half Of the |
July sold on to and closed at l2tc, Sept. |
after having sold at 43hc, was nominaIly |
The export ciesrs Mnss f for the fres Tee * % WsT
only 100000 bu.. against 2.cos.ooo blu. last
"A very good business was done In oats. |
the speculative demand being better than
, t. has been = for ssysrsl days The trade Is
pecially. yesterday. IT demand was best |
S SuIy as s,ig naa ~ hi !En.1, for , the day a. SIC
ly SC
Traders' Gossip.
ZLne only rain reported since wednesday in the
q 8 g inch h.y.ss fallen. What : s'1 MORE. ci e:
=: % s%satiia ass 1870 sss;h e h' e H :as DfBs :Ress
ss;i. As 81; r.: e I 4: s: = 4 E ! !; 8 =. e.: :s rs; = 6 6:
ors::s: e 5. e.ii:y ;1 e 1. . d. = shs sh. .hG l:.. s s.:s;
iS.es :vs w d.s ,na w " s1s r sa',es soo Ne =. q. vi fp'1 g
IN bad chaps. and with good rains We can only |
iTaSRs1 srs. s-i Il CUP eSP s e dS.o "a it pss.u .ss n e .. sssS
very brown, TO ten the truth. he situaton .
& TOO dr sn Tor 70 "a. sIs 70 >. sp rssalns good and blue. 1t
ibis week the e. A y shipped Gao bu.
Swins coTrsspondin Ing period last s Ssnr and aS'' i.so4, 90
bu- two years ago. Since Jan. 1 they are n |
1900 bu.. compared with Is. ls4.0 900 blu. Tor sams
period last season and S21ol.0 900 blu. two seasons
ago: Corn shipments were l.ie0. 900 bu. this week. |
aeainst lzsA.o0o bu. last week. and 136. 900 blu. Q
Tho Broomhali's review Of May II says that
crop prospects are improving In England. In
:cwn Il poor, In the low countries and Germany
Eary the crop II only an average. while rye 10 de- /
cidedly Door. In Roumania the crop situation IL
condicting. In Russia the crop prospects are exc
cellent. In Spain the outlook Is fine.
Southwestern advices to Brinson-Judd Grain /
Company are that harvesting commences In 4 |
general way in Indian Territory and Oklahoma
June 8 to 10. Some say wheat nrst-claso ana 9TH /
late. but fair stand and good color. Their Mo-
nett. Mo-. representative advises no more ele- /