The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-07-02
WHEAT PIT WAS
ALMOST DESERTED.
PRICES RULED LOWER AND
LITTLE TRADING DONE.
Corn Was Excited and Higher
Early in the Day, but Broke
Sharply Toward the Close.
REPUBLrc SPECIAL.

HEPUBL1c SPECIAL.
Chicago. ILL.,. July 1.-The wheat market
was lower to-day. although no great activi-
ty was manifested. The wheat pl. was al
most deserted.
Corn was excited and higher. but broke
sharply towards the close.
Oats were active. unsettled and higher,
but lost all the early advance. Provisions
were rather dull. but steady.
Wheat.
There was not much interest taken In the
wheat market to-day as was expected. the
coarse grains being the attraction. Trade
was moderate and fiuctuation confined to
PIG to 1ssc range. In the early trading
there was rather steadier tone prevailing.
but weakness set in later. and the final
figures showed July OIL. A@5sc, and the
Sept. down 40. The weather in harvesting
sections was fine to-day. but too much rain
was reported in Manitoba The market was
under a ban Of bearish news of a general
kind, and when the decline started a good
many stop-loss orders came out in Sept.
at CSC. causing very rapid decline to 6o1ac.
From here there was half-hearted rally,
and at the close the prices showed about
nc advance from the low point OF the day.
The cables were all higher. Liverpool being
I'D to I'D up, London sd to I'D higher. The
large primary IHOSSHtuls lIle WtdIHeT, Ia
vorable crop news and heavy selling by
professionals more than Offset the cables.
however, and prices weakened sharply.
Worlds shipments were S.S52, 0O0 bu against
6,SO4,C blu. last year. and the quantity on
passage decreased only 16S,O) blu. The
amount on passage now Is said to be about
4O.soSGoo bu.. against 81 l6S, GtO blu. last year.
The visible supply showed rather large
decrease-2.2lO0U bu.-aSainst an increase
last year of 9ls0oo blu. The total visible now
is sO.7ss.ooO bu., against 3S,6si,ooO bu last
bu. to 6.l40V0V bu.. against II .3l4.NV bu., cor
responding date in $500. The local cash de-
mand was quiet. sales being but $1,000 blu.
crease of $4,000 bu.. against an increase
year ago of $4,000 blu. The local receipts
showed a total Of 6S cars. against 80 cars
last year. The estimated receipts for to-
morrow are 81 cars, which Is not large for
Tuesday receipts. The receipts at Duluth
and Minneapolis were OLA cars. against 81
bu:. against 677, $50 last year; shipments
1.O7O,5c0 bu. against 25S.4T last year. Elk
ports Of wheat and flour were equal to SI,-
~ bu, spring wheat was e. in fair demand kvin1
wheat was in fair demand and some sales
for shipment reported. Car lots OF new
wheat when fine G brought premium
It was purely weather market in corn
to-day and at the opening there was OK
element such as was witnessed IN the days
VI fnllllpS 8 IndnlpulallON oept. Coiu
opened from 4s1sc to 4sc, and July at 44l1zc
to 461sc. The weather map showed contin-
ued hot and dry condition. and whom the
bell tapped for the opening there was sta
account. on belief Of damage to the crop.
but quite little covering Of shorts was no.
Omoha and said to be coming this way;
rain also reported ut Sioux City. In the
last half of the session; on forecast Of
good profit taking. and prices reacted. The
signal service predict showers for Illinois.
Missouri. Iowa and Nebraska. with cooler
expected to have high temperatures and
continuation of the hot, dry weather. Ca
bles from Liverpool showed a good ad-
there showed a decrease Of 1900 Blu. Lon
don came 11sd to I'D higher. The Quanti-
T. on passage showed an N. Increase Of ?52.
Shipments were s.ilS.ooo bn. against Sos
e Creased sa a only % Sn ps se 5 DE-
against s.44sooo bu, last year. The visible
decreased 2.20s,oo0 bu.. against 1.143ooo bu.
la last tx year: Western primary receipts were
shipments were 4l5.ooo bu. against 1.625O06
bu one year ago. Local receipts were 222
cars with estimated receipts Tor Tomorrow
were cleared. and 50 boatloads accepted .ssi for
export. Corn by sample was in good de-
mand, and the feeling was firn1er. WIN
prices about 1c higher. Car lots were in
small supply, with moderate demand.
Oats.
There was an excited and active start in
sympathy with corn. and on the hot. dry
weather In the West and Southwest which
is claimed to be unfavorable for oats crop.
The break in wheat and corn, rain here
and reports of rains in the West caused
selling for profits, and the advance was
lost. closing about the same as Saturday on
July and Nc higher on Sept. Deliveries on
and this caused weakness in that month.
The cereal interests were the active buy
ers of Sept. The available supply showed
increased 5000 bu Seaboard clearances
were rather large-246 900 blu. Local arrivals
were 161 cars, with los estimated for to-
morrow. Car lots for store were slow and
hc higher. Oats by sample were in good
request and Mc higher; offerings light,
Range of Euturea