The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-07-10
CORN RULED BULLIsH
IN CHICAGO MARKET.
DRY WEATHER CAUSED AID.
VANCE IN PRICES.
Wheat Dull and Lower-Oats Ac.
tive and Higher-Proyisions
Active and Unsettled.

REPUBLIC SPECIAL.
Chicago, ILL.,, July 9.-Trade in wheat was
moderate to-day and the close was a shade
under yesterday.
Corn was active and strong. and at the
close showed gain Of &c to lie. Shorts
bought on continued hot and dry weather
in the West.
Oats were active and higher.
Provisions were active with the feeling
rather unsettled.
Wheat.
In the face Of the strength in coarse
grains the wheat market was weak at the
opening. but showed some Improvement
during the first hour. when corn and oats
started on fresh advance. Shorts were
inclined to act carefully in view OF the re-
cent decline and the possibilities of dam
age to the spring wheat crop. which Is still
unripe. The taking of profits by cautious
shorts on some such grounds as this caused
firmer feeling and trading became better.
However. foreign crop news was generally
favorable, the Mark Lane Express stat
ing that the French wheat crop Is esti-
mated around 2Sd.0O0000 bu. or about &c.
100000 blu. less than the Government esti-
mate. Russian spring wheat Is less promis-
Ing. but in several provinces winter wheat
Is In splendid condition.
On the decline there was good buying by
prominent short interests, which seemed to
have a good influence and checked further
decline, but later fresh short selling set In
Bradstreet's report showed q decrease In
the available supply OF 4,3sSooo ou. COM
pared with decrease last year OF 6.l6o.Vo
blu. Liverpool quoted futures nc to nc
lower, and London came ID lower.
Paris showed decline of %qlc. Contract
stocks here showed q decrease Of 4O2, 700 bu.
m ,t,,-S n a
The condition of spring wheat last June
was 90 per cent. and winter wheat 6S,
but the Government report tomorrow Is ex-
pected to show a lower condition on spring
wheat. The local cash demand was moder.
ate sales about 1900 blu. At the eeaboard
clearances amounted to about 66o.OOO Dli.,
Local receipts showed a total of ia cars,
as against IS last year. The local estimate
for tomorrow is IS cars. The receipts at
against 1O4 last year. Receipts at Western
379.4s6 bu. last year; shipments s67 $40 b,i.:
ruled fairly steady. and moderate de.
mand existed. Spring wheat was quiet and
steady.
There was another exciting day in corn
md trade was of large volume. though nue.
tuation ranged but nsc. Higher prices were
made for all deliveries. May corn sold to
6oc. Sept up to 4s1sc and Dec to 4SAc. Az
terday's close, although the full advance
Of the day was not maintained. The buying
west on the unfavorable weather through
the corn belt. There was also some demand
from shorts The weather in many i'm.
portant districts was considered the most
trying Of the season, and the market adj
vanced sharply after the forecast came out,
which was interpreted as promising little
e little lowering owe ' u temperatare Private
advices were nearly all bullish, and one
message from Kansas City said: "The ear.
y planted corn in Western n Missouri 4. ,.n ana
week"
local realizing and profit-taking by longs.
lead by professionals and provisions inter.
ests. but. as the case yesterday. a new lot
of buyers took most of the offerings. Liv-
erpool futures were unchanged. while Lon
don came steady to Nc higher. A feature
was the growing demand for Dec. which
enjoyed good advance Bradstreefs avail.
an increase Of ssss,ooo ba. in 1870. Local re-
cepts were So cars with 2oD estimated for
ments $4,000, against $4,000 blu. last year.
Corn by sample was in good demand, with
the feeling firm and prices about 1c higher;
Car lots were in small supply, the demand
was good and prices were firm.
Oats.
The oats market continues to work hign-
damage reports from the West and South
west are the main features and cause for
the strength. The. West had no rain IN
the oats belt, and the Southwest again had
High temperatures. There were good buy
ing orders from the West, and trade was
on an enormous scale. with an advance at
the start Of No to 1kc. Later a further adj
vance ct Nc to Nc was recorded. Profit
taking by local spectators on the advance
carried prices down Nc to &c, but at the
Local traders bought freely against sales Of
wheat, and sentiment generally was ex.
trenely bullish. Local receipts were 1S1
Cash sales amounted to 10000 blu. At the
seaboard clearances were 1900 blu. Oats
by sample were inactive, but higher, with
to go to store were NC to Nc higher.