The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-07-13
CORN HIGHER AND
CLOSES VERY STRONG.
WHEAT AND OATS MOVED UP
PEG-HEAVY BUYING.

PEG-HEAvY BUYING.
Strong Bidding Element Sent
Prices Of ALI Grain Up-Drought
Creates Lively Trading.
REf'uBL1c SPECIAL.
Chicago, ILL.,, July 12.-Wheat was active
and higher. with good demand from
shorts.
Corn was still higher and excited, closing
l'sc to &c higher than yesterday.
oats We're well traded in at advanced
prices, continued unfavorable crop reports
causing the advance.
PROVISIONS were only fairly active to-day.
Prices ruled slightly higher early.
| Wheat.
There was strong bidding element in the
wheat market in the early trading. which
Ola fair to divert some Of the attention Of
spectators from oats and corn. Sentiment
favored an advance this morning, and there
was good display of bullish enthusiasm
TOT higher prices. Sept wheat, which closed
yesterday at 65asc. started at from s61sc to
61hc, with very little for sale under those
figures. Hot. dry weather and some prob
ability of its getting into the spring wheat
territory were the chief reasons for. the
strong tone Of the market, with some en-
| enlargement in cables from Liverpool. Out
sue buying was better, the country being
Ill the market. and foreigners were again
credited with buying wheat at New York.
4! ne news from Russia was bullish. and in
| the Nolga districts of Russia the crop was
! reported hn bso n Ia ad b1,h ant Il
drought. The French news was also rather
unfavorable. Local shorts covered freely
from the start to-day. Liverpool quoted
! spot California wheat unchanged and flu
| lures up nd to I'D, while London showed
a gain of about 1lsd to Esd. Paris was nc
to 1lac higher, while Antwerp was I'M
changed. Argentine shipments were rather
small-3S4,oo1 bu. The Southwest reported
! country acceptances falling off. The cash
demand here was better, and sales Of 1885,
wv hu. were reported At the coast a boat
| loads We're taken. At the seaboard the clear
ances were 297 900 bu. Primary receipts at
Western points were 1926 bu against
49s.905 blu. one year ago; shipments 63s 800
bu.. against 2s5 GOO bu. last year..
| Receipts here were 123 cars, against 81
cars last year. For tomorrow ITO cars are
estimated. Receipts at Minneapolis and Du-
luth were 1856 cars. against 142 last year.
minneapolis reported prospects for de-
| SiSosS VI A,oVv,WJ Du. III the NORTHWEST
stocks this week, and some decrease Is ex-
pected in the visible Spring wheat ruled
! firm and prices advanced &c to &c on higher
cables and generally unfavorable crop news
| Winter wheat was active and &c to &c high
ss An H. as sE o shipping demand existed and
were also taken up readily,
| Corn.
Sept. corn sold to-day at 54Ac; Dec to
sac and May at 5Ss.e. Later there was
selling on rumors Of possible rain in the
west. The trade was about as large "a
Yesterday; The country bought on a large
4 scored during the day: The weather map
was as unfayorable this morning as 1t has
been all week. and no rain was indicated
anywhere in the corn belt: High tempera-
| lures prevailed all through the Southwest.
At the opening there was rush of buying
orders. and the commission.house business
,ass large When the signal service indica
some fair selling from the Southwest was
noticed. which caused q slight reaction
I'd to ID higher from Liverpool for spot
corn: and futures I'd higher. London was
I'D to I'D higher. Southwestern markets
sales at Duluth to 60 south by rail. The
local shipping demand was quiet and sales
We're limited. Car lots were in good de-
was firm and prices closed steady. mo to
| &c higher. Corn by sample was in active
demand with prices irregqlarly 114o to &c
were 10000 bu., against 7S,oOo D. bu; last
| year; shipments from there 2M.0OO bu..
against lss9e0 bn last year sbi 5S0 mt,
Danubian shipments were rather large, p
| 072O00 bu. against $4,000 bu. In 1900. The
local receipts were ga cars. At the sea-
board 10000 bu. was cleared.
| Oats.
There was an excited and active opening
on oats to-day. At the close there was a
gain shown Of G t. May cats
from the West and local longs who had
profits sold. There has been good selling
| by longs for the past two days. but the
trade has been SO general that the offerings
were absorbed and prices closed to-day al
the highest figures. There was no change
from the high temperatures and no sign
! corn also had stimulating effect on oats
Cash sales were $4,000 bu, and at the :. sea "a
board clearances amounted to about SOU
! with 10 estimated for tomorrow. Car lots
| to 20 to store were nc to NC higher: WIFE
light trade. Oats by sample were lc to lEac
| mand.
The speculative trade in provisions was wa:
only fairly good Sda agva ane N 1he sors ane
strength manifested IN the grain markets
had good influence on PROVISIONS. i anc
prices ruled hlgner on All lcd0lHS AflkC!eS
but the extreme figures were not fully sup
| ported at the close. Outside orders were
fair, but the active trading was by locals
Domestic markets were firm, and foreign
| advices more favorable Pork opened rath
err steady at 1oc advance, but later the feei.
ing became easier. and prices receded lOt
| to 121fc At the decline there was some
| Improvement In the demand and prices
\ rallied 15c, but settled back again 10c, ano
| at the close the market was steady. Lard
| advanced &c to TIC on the whole range
| and the advance was wei! maintained td
the close. The local demand was rather &C.
| but the demand was fairly active. and
| prices ruled 81 to TIC higher. The advance
| was fairly well supported to the close.
| FlaXseed.
| Flax ruled very quiet and little interest
| was manifested. Spectators were not In
| evidence, and thu market has become near
| ly bare of cash seed Former prices re-
| mained bid for futures. Local movement
| was small: Chicago received car, Mime
| apolis got ID cars and Duluth 5: No. max
| was sold at $50: rejected nominally 1850
| 1.s5; Sept. $l5S asked, 81. 48 bid; Oct. $l.il
| asked. $l42 bid,
! Range of Futures.
Articles. Opening. Highest. Lowest. Close
S } Sss SIS III s s g. *
f Sss ::::s sIsSss;: % 4: f. -
Nay Mas ..... .' .::: IS ssn ST. ssA " "
Psska'uly t ss liz Ms5s IT, 1.ss
1a ssp,. .::::: Sc Sc s s7s s77s s &c