The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-07-12
BOOMING MARKETS AND
LARGELY HIGHER PRICES.
SPECULATION WILDLY EXCIT-
ED AND BULLISH.
Hot, Dry Weather the Chief Bull
ish Infiuence-All Grains Aas
vancing-Close Higher.

lys Will SPhSaNAiS Sho eAfS
weather map holding out no relief. Not on
ly is the growing grain suffering. but fod-
der crops and vegetables and fruits of all
kinds have succumbed to the blightfng in
fluence of the long hot dry spell, and the
end Is not yet Yesterdays grain markets
were all strongly bullish and sharply high
or in price Bearish conditions and tnflu-
ences cut no figure at all. and especially
in the case of wheat, which, notwithstand-
ing that 1t had heavy receipts and an i'm
proved condition reported by the Govern
mcnt. on the crop. together with decline
at Liverpool of Nd, showed very strong
front. and during thesfirst hour or two of
the session advanced sharply in price. The
initial prices here FOR the Sept. option were
up &c, the first sales being made at &c.
from which there was a quick bulge TO Ssc.
Dec. in the meantime sold at 6issc and re-
ceived bids OF 653xc. while July was bid &c.
vance. but the market did not break much,
Sept. only going of to 62asas4c, and Dec.
to 65kdstc sellers. July sold at 6ls.c. A
very bullish cable came from Paris regard
ms. the French crop. but 1t carried little
weight. as the Paris market was reported
DC lower. Antwerp was without change
higher for the day. The days ciearances
were large a. 81 900 bu. making the total
for the week s.6Sl.eoo bu. against 2.Ol7,oOo
that their BIDS we're 'e some better though
not high enough to permit OF business. the
last hour or two OF the session witnessed
q very strong and bullish condition Of af-
fairs. The buying was heavy and persist
ent. ali offerings being quickly taken. and
a decided bullish sentiment prevailed, which
was helped along by the report that IS
loads had been taken at the seaboard for
export. though there was nothing done To-
eally. Sept. advanced to &c. and at the
close 62N@3sc was bid. July sold at &c.
snd that was asked at close. Dec. went to
S5sSe. fell back to 65ssc and then closed at
6s!sc sellers: May had SSssc bid.
ly bullish, and the market here went on
record by passing Chicago, the Sept option
selling 10 over that market. The buying
part Of the country contingent. Then there
sss FL buynS by seapes and
Ithat cannot be said of the weather, which
was clear and hot all over the country
and especially west Of the river. Hot winds
r were req reported IN Iowa, Nebraska and Ili-
were OF the worst There was but little
corn for sale early and no trading of any
Sonseqaneee until ih.91ssc, was bid for the
price that was too tempting to be
resisted. and which brought out SO much
long stun that there was a break to 51Ac,
. Ieaction followed to Size. The selling
was not heavy enough to bring about any
cBa1ge OF Importance In values the longs
which went on to 511tQ5lSc, quickly re-
acted 10 6Xc. There was little that was
encouraging in the foreign situation. though
opening Nd lower. CIearances were ssl 600
ou- Tor the day and 2,512,000 blu. for the
week. a. against 2.16s.0O0 blu. a year ago.
strong and buliish s condition ano Of affairs
prevailed here and elsewhere. The buying
was on large scale. both professionals and
@ tne nna hot on
Sept finally touched Sc and closed at 517sc
bid July closing at 51isc sales. The sales
Tor export were reported at only loads
The bullish Government report and the
strong and higher market for corn sent
oats sailing upward YESTERDAY. and prices
on the boom and the buying here was so
heavy and Of such a character as to send
Sept up to Sc and then to 3s7sc, the latter
were bids Of ssssc for July and sc for May.
nut no sellers at those prices. Gables were
huIlish, reporting damage to the French
heavy realizing on the advance, and Sept.
after selling at &c went or to and closed
1t 80. May sold at &c and closed at sS.kc.
Traders Gossip.
"a b the Depsrtment Of Agriculture was below
soasss. besides being s. ponts below he con-
SatioA OF July 1899. and the lowest on that
S.ss.ss "a: down to, as. producing a yield Of
hi On ss acres ess ha pan. sss
q I Sa sss as9s s%ss ss., o =, e.
q n 1s Il oS a. e ~
ssse Sc Or .Soa! per cent e Of the to:si
snaisstins crop Of n. 100000 eS.. q ss0ee coo
s.ss sn p July eons for of
nor winter and SIS for spring wheat. lis for a
pas,d . 81 ooo.oeS bu and spring wheat a. sss-
SssSss IN By 's al, States except Ohio Maryland
and Pennsyivanis- In spring wheat the condition
me department reports that on July l. 81
~: s. ns sse sa than
As the svaiiable supply OF wheat and -four on
a. .s ss date sssosdIns to rs SSssss Tsss
stsrtsd IN with g 100000 b. lee. old wheat 81, on
hand than the 1890 Sa tSs IL
spare psarly 600 100000 bu for export I and
s Sssl 0u
= dpnsnmptive requirements and for seeding.
q and Sy
holds out no prospects of relief stock fa ar =
stock men, Gwofford Bros. large wholesale dry
sy e sse IS
otter branches OF trade. Garden truck p ras,
e1s a feel the efiees Of this situation be-
TO Graves: Paris cable reports oat crop in
Er1rce rnfevorablN Crop very small. Govern
ieh On French wheat crop: Antwerp cable: Large
portion of oats crop in Russia been destroyed.
a late Paris cable stated that French require
assss s 81 foreign wheat "0'' % AZ least w.
-Advices from Western Missouri are that
s icing FED to live stock ,,, as es,n Is reia
I'm Kansas It II said farmers are refusing To
sell their wheat At The prices bid. claiming they
yCs'uid do better feeding II to stock.
Primary receipts OF wheat, 900 bu.. against
fe6Ooe bu. year ago. and 5000 bu. three years
ego. ct. Louis received Isl, 500 bu.. against 1885,
Corn receipts at primary markets. $4,000 bu.
assinst sss.oo5 bu- a year ago. q 900 bu. srriv-
s3msfy shpf1ens.. . sis.oaS b s'' 0' 'as' year
Outs receipts at primary market, 1es.op Blu.
rgasnst xss;oc0 bu: one year ESQ St Louis receiv-
Eary shipner,ts. soe.eoo bu.
Showing the adverse. effect OF drought and
heat on pastures and potatoes. the. Gov.
decrease Of sore acres or an ner eens ;a
stkk acreage or potatoes. with condition on July
q ssl. Reports on hay crop are in the main uiis
Favorable. a decline from the condition as re-
ported on nIst Of last month in majority Of the
~ GESTURES suffered impairment during the
month. and in several important states is consid-
ssiiss however. inesudins California ana s snms
Iskot7. the condition II excellent. being s and 5
poanTs above their rsspectiys ten-year averages.
conditional: Corn promise IS lowered by South-
y estesn drought and outlook about 10 per cent
be without nirtber serfor,s snturr SySnter