The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-07-19
MIXED GRAIN MARKETS;
WHEAT DOWN, CORN UP.
INTERESTING CHANGES IN
. SPECULATIVE GRAIN.
Wheat Showed Most Weakness and
Coarse Grains Most Strength
Sales on Large Scale.

Sales on Large Scale.
The bulls in the coarse grains had rather
the best Of things yesterday and sue
.ceeded in advancing the market little, but
this was not the case with the higher
priced grain. the upward course of which
was checked for the time being. A lower
level OF values was established and this
grain was deposed from its position as
leader in the bull campaign in grain and
corn succeeded to its place. holding it to
the close Of the day. All the speculative
grain markets made bad start yester-
day, but theysail made recoveries. and al
though wheat made a strong fight for the
first position. 1t unable to get hack
all that was lost earlier. and the close,
while better than the bottom figures. was
still from &c to kGAc lower than the day
before. The cheaper grains. on the other
hand. made new high-priced records. corn
closing with gain for the day of &c all
round. while oats, which led everything in
the cereal line in strength. was from tlsc
10 1ssc better for the day. The trading
While not as heavy or exciting as II has
been ON previous days of the week, Was
satisfactory and encouraging.
liquidation, which was brought about part
~ by the rainmakers and partly by other
causes. and not only was the upward move
ment Of prices checked, but a lower level
OF values was established. and the market,
after long struggle to regain its former
position as leader in the speculative grain
arena, was compelled to close with a slight
lose for the day. The bears had the whip
n2nd most OF the day, and especially carry
when the market was at its worst, and, al
g,syh no t1c
night. they were unaoie to make good their
earlier losses. Among the mere Important
influences that started The selling was the
opening break In corn. and the large re-
ceipts at this point. Then the weather was
said to be more favorable in the spring
wheat section Of the country. and the Gin
cinnau Price Current stated that eOQ.QO-
go blu. more had been raised in the world
than last year. Liverpool was reported sd
up, put TINS advance was not considered
enough to follow the strong and higher
closing on this side the day before slot-
wfthstandinS that Broomhall stated that the
strength there was due to unfavo,auie crop
reports from the Danube There was con-
siderable wheat for sale at the opening, and
Sept started of at a decline of ssnsc at
Dec. sold at 6slxc to 6,isc. Upon the receipt
81 the closing Liverpool cable. showing only
an improvement of lad for the day. there
&As further let-down here. Minneapolis
displayed weakness and reported cUo.er
weather In the Northwest also. here Sept,
sold as low as 65c and Dec. was offered at
werp was He higher and Berlin ana Buda-
Resth up sc and &c respectively. The
clearances in -four and wheat were large at
SsLoO bu:. making the total SO far for the
week 4,l3s.vV0 bu., against 1851 $50 bu. last
week. The market. while nervous, eX-
hibtted a disposition to rally. and by noon
Sept. sold at t5lsc and Dec. at vSHc The
local crowd was builish; this was shown IN
their actions OF trying TO bid the market up
vance in corn gave them an opportun;-
~ to advance prices late IN the
day. as did the report that New York re-
ported SO loads taken for export. Sept.
went to Csc, then fell back to 65ssc but
and that was bid late. For May 7Ilsc was
The rainman was chiefly responsible for
the early break in corn yesterday morning,
West .where the drought had been the worst.
and this fact, with the auvlces that the
sop the N @ had aS,
here as weii as elsewhere, September In this
town ne, without Check to sass bna there there
was sharp demand al the bottom. and a
rebound in prices to 51ssGxc, which was bid.
crop at 1,S00.000.000 bushels. and there were
the regular reports of hot and dry weather.
hut they could not prevent the market from
brought about by the decline in wheat, but
II shortly commenced to climb up again
and by noon was 5slsc, and the first trade
st3Sc. There was nothing encouraging about
the cables from the other side. most foreign
Closing onis oE "a better. and London un.
changed. The clearances were small at u! :
go bushels. making l3lS.000 bushels for the
The markets 's Of the eu country s SeN Were all
and the local crowd rushed September up
TO 6sltc bid. There were no bears apparent
and the only sellers were longs for profit.
At the close the market was strong and
September sold at S2ssc. and was bid that
for more. For July SIC was bid. Sales for
export were reported at IL loads.
Oats at this point were in q stronger POSI-
ton than any Of the other grain markets.
but little attention was bestowed upon 1t
until after corn had recovered from Its de-
c which was higher than anu the hSs pr epi
3Sc. Both the feeling and sentiment was
extremely poor. The late advance in corn
ING sahc bid. and May selling at sSssc; At
/. and at ssNc for May. July being bid SAC.
Trade Gossip.
Tho following might be read with profit 10
s:%:s; sAs = ssss: e
the acre in that state, showed his faith IN his
prediction by selling his crop al u 30 pei
acre In the Held. when It was In fine condition.
II he can see II the other. way some bad year
and sell at the price of his guess he may ge
even, but he couldn't get much TOR his chances
Wheat enthusiasts in Georgia claiming
that the wheat crop is worth more to tn,
H. good deal. Whether this is true or not, Geor
;Ja has raised q splendid wheat crop. whici
must be very encouraging to the owntrs OIL tn
large number OF new mills that nave beei
built In the State Iately.-Dixie Miller.
-lIeerpool cables: .Weather hot and forcing
certain. with indications of q p3or crop because
of too much rain. European wheat strong OF
account OF reports from the Danube. Marke
1everish and unsettled. Wheat Nd higher ant
nrm: corn I'D higher and nrm."
"A Moscow cable reports crop prospects II
tweuty-seven Provinces az far less promising
Khan month ago. and Russian grain har,e s
nov not expected At best to exceed average
In acme districts the crops almost destroyed o.
washed out BY hoods or cut down BY hsi.stoIms
Cincinnati Price Current says: Corn prom
lee further reduced. Present indication LOO t0j
v0y b. Wheat not much changed. ESTIMATED
$1,000 ba Worlds wheat crop. so2.oo0.ooe bu
the tArAest farmer In that LOCALITY, says new
crcps or oats and timothy are liEnt. and, tha
n0 WINDS have already damaged their corn NOR,
chan Is per cent
"A letter from Lexington, Ia, says that tn
los to the corn crop already amounts to ten bu
Argentine cables that corn supplies were dl
minimizing and q good demand from AFRICA
-Corn receipts At primary markets, 54C, 200 bu.
Against eeS.6o0 6u. year ago, $500 blu. ar
irving At 81 Louis. against 1880 blu. las; year
Primary shipments $4,000 bu.
49,.