The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-07-04
WHEAT WAS STEADY
BUT NEGLECTED.
TRADERS ATTRACTED TO THE
CORN PIT.
Prevalence of Thunderstorms Had
Marked Effect on Grain Mar
kets-Provisions Declined.

kets-ProylsiOns Declined.
REPUBLIC SPECIAL.
Chicago. July 3.-Wheat was steady and
rather neglected at times.
Corn was fairly active and weak early
and rather steadier later, closing &c to
&c lower.
Oats were unsettled and lower at the
close.
Provisions were lower on good profit-tak-
ing.
Wheat.
There was firm opening in wheat with
fairly good buying on further reports OF
crop damage In France and the higher
Liverpool cables. These reports, however.
do not seem to worry the French specula-
tors, as their cables Were unchanged from
yesterdays close. and and centimes to
IO centimes lower. Antwerp came I'M
changed. while Liverpool quoted futures Ssd
TO 12d higher. Reports concerning Russian
Province of Saratofr reporting damage by
heat to their crop, may have also affected
the local bulls The greatest hindrance to
any prolonged or pronounced buIlishness in
wheat. however. was the continued Ia
vorable accounts Of the winter wheat har-
vest and the perfect weather conditions I'M
der which the spring wheat was progress-
Ing. The seahoard sent some buying orders
for No Northern wheat, which helped to
Keep short sellers in restraint. The crowd
In the pit was very slim. and business ex-
ceedingly light. with fluctuations over
narrow range. and apparently prompted
chiefly by the action OF corn. The wheat
crowd seemed to have moved into the corn
and oats pits, where more activity was
shown. The local receipts Of wheat here
We're 81 cars, of which were new. The
estimated receipts for tomorrow are 70
cars. Minneapolis and Duluth received 1871
cars, against 1853 a week ago. Last year was
a holiday. hence no comparison with re-
ceipts could be made. The seaboard clear
ances OF wheat and flour together were
small, amounting to 100000 bu. At the close
there was little more activity and prices
showed slight gains over last nights close.
Primary receipts OF wheat to-day were 5ol.-
800 bu.; shipments 32O.2B bu. Last year was
u holiday.
Winter wheat ruled steady and good
demand existed on shipping account. me
wheat was steady and no change in prices
We're. noticed. There was a moderate de-
mand.
interest to-day. but 1t had a. somewhat
easier tone during the general prevalence
Of thun S over the corn belt last
nas. where rain was most needed. is still
unrelieyed, however. The rain, partial as
It was. came upon a crowd loaded with
AUHS Cufu lllGI 6uOWGu pEOut, duV ~ Wdo
only natural that these profits be taken.
July corn. which colsed yesterday at 4S4o.
opened at 447sc. down to 4ii4c. and 1t had
was shown. Sept. sold at 47c at opening
and down as low as 'ssi4c, when good buy
ing caused a partial recovery, but at the
whole. weaker feeling was manifested and
lower prices ruled. The prominent sellers
were houses which were active on the buy
arrartQnc6S from thA
country being the heaviest in some time.
The weekly crop bulletins stated that corn
aadd a i. IS dsFs KANSAS wss
souri, on account OF the hot weather. Tho
shipping demand is still quiet, and sales
were limited. A late feature was buying
lures Nd higher, and London came A4a.d
higher. The local receipts were 1i2 cars,
with 40 cars estimated for tomorrow. Elk
taken on the coast. Western receipts we're
$4,000 bu. and shipments 1HoD blu. Corn
by sample in good demand am and not much much
We're unchanged to &c higher. Car lots
were IN moderate supply and demand.
Oats.
Oats were lower, but active Prices did
not get more than a traction over the
close yesterday. There were some unfa-
vorable private adyices from this State. and
the weekly crop bulletin said the crop Is
good cash demand. with sales here OF 100
OJo bu. and at New York Of 10000 blu. At
the seaboard. clearances amounted to only
1850 bu. The local receipts were 20 cars.
with 1876 estimated for Tomorrow. oats by
sample were steady, with fair trading and
light offerings; car lots to go to store were
steady.
Too many hogs at the leading packing
points and rather good supply OF specula.
tive articles tended ts uSns the arxes
were liberal from miscellaneous sources.
ard there ives no particular demand from
any source. The market lacked Lacked support.
mitted to on all the leading articles Out
side orders were fair. and mainly Of the
Prices fiuctuated considerably and trading
on outside account was somewhat unsatis-
factory. The trading was mainly in Sept.
and Oct contracts; Hogs gh were IN good sup
leading Western packing points were esti-
mated at 81, 200. compared with A1.OOo one
year ago Liverpool ,s adyice s indicated licat
changed, while lard was easy at Sd decline.
Receipts Of products were moderate.
Shipments were, fairly liberal. A fair
account chiefly to supply domestic wants.
Exporters bought moderately. Pork was
somewhat demoralized: The offerings were
while the demand was somewhat limited.
Shorts accepted moderate quantities Mar
ket opened panieky, with sales at soc dif-
A'EcuCc, 1T sTEboiTs~ uSShho. AOMahiS tN0
close little more steadiness prevailed, with
n decline of 22liQ2bc. and the market closed |
easy at inside figures. Lard opened &C to
nc lower. The close was steady.
FIaxseed.
There was no trade to speak of In fax to- |
day. The movement at all points was very
small receipts being cars. With none taken
out Minneapolis received cars and Duluth
l. No. and No. Northern were salable |
at $1SS; rejected nominally $1S211.S4; Sept.
sl.4s bid, slb9 asked: Oct. $1.3S bid, $l.A |
asked.
Timothy ana Glover Seeds.
Timothy and clover weaker, and Offer |
ings early were moderate. Some lots OF |
cash seed were offered. but they did not !
count being too small. Ordinary grade sold |
at $3.50 down to &c. Country lots poor to |
choice, $3I4.25; fair to good g. 9Oa4 Id: COM |
mon rough s3.65@3.s5; contract grade 1890 |
Clover was very dull and inactive Nothing |
was done here and there was no news from
the outside. There is no speculative inter- |
est in the market whatever and prices are |
nominal as follows: Oct. $3.50: poor to |
choice cash seed SsQ9: fair to good $500 |
$50; contract grade $3.50
Harley.
Offerings were meager.< The cash market |
was inactive with very little on sale. There |
was nothing developed indicating any |
change In cash values. Two cars were re- |
ceived. skimmings sold at $3.50 per ton;
poor screenings 20: soe per bu.; low grade $50 |