The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-05-30
WHEAT OPENED FIRM
IN CHICAGO MARKET.
CORN FIRM AT SLIGHTLY AD-
VANCED PRICES.
Oats Were Steady, With Fairly
Good Trading in May-Pro-
visions Were Firm.

visions Were Firm.
REPUBLIC SPECIAL.
Chicago, ILL.,, May 2s.-wheat opened firm.
but prospects Of rain in the Northwest
weakened the market. and the close was
barely steady around the low point OF the
day.
Corn was rather firm at slightly advanced
prices.
Oats were steady. with fairly good trad
ing in May.
Provisions were firm.
Wheat.
The news at the opening Of to-day's mar
ket was rather bullish In character, and
there was Il natural shifting Of speculative
opinion to conform to the threatened re-
duction in the crop yield. Prices were about
Csc above at the opening. Liverpool cables
came I.d higher than last Friday afternoon
and Paris was from lc to lac higher. while
Antwerp was unchanged. The foreign quo
tations were an additional source OF en-
enlargement to the bulls. and comparatively
small domestic receipts added on strength.
Chicago received c. cars. while Minneapolis
and Duluth got lag. as against 2O2 last week.
Last year same date was u holiday. There
were reactions and declines Of &c to lie from
top prices on prospects OF rain In the Nortn-
west tomorrow. Northwestern markets
led the break late In the day and Chicago
markets followed. Considerable nervousness
was shown in this market. with the whole
situation hanging on crop news. Eariy III
the day there was Il rush OF shorts TO cover
and the Northwest continued to add to ITS
line of Sept. purchases made yesterday anu
Monday. On prospects OF precipitation III
sections where most needed i'll the sprins
wheat country, the early advances were
lost. 1t is the belief of conservative ,peo-
pie at Minneapolis and Duluth that 1t 10
too early to be alarmed. because a good rain
now or even in a week, would restore the
crops to the most promising position. IN
regard TO South Dakota crop advices We're
generally favorable. and they were unquai-
fledly favorable concerning Minnesota. Prt-
vate advices say there has been consiuer,
able damage done by the Hesslan fy ana
bugs in Central Illinois and Central Kan
SaS.
The receipts at Western primary points
We're 1853. S23 bu., shipments o2,92O bu. Last
year same day was a holidays Exports %.
wheat sold from 74c to I5c. July from iarsc
to 74,.c. Sept. q%uotable at &c to Use under
July.
May corn was the strongest to-day. al
though there was the largest volume OF
business done in July. There were ne.
was strong under an improved demand
from shorts and smaller offerings. There
were 10000 bu. reported sold here. and 20
boatloads taken at the seaDoara ZOE eApoaddi
with but g. of contract grade. was a "bulr'
factor. although the total receipts mere
were a little in excess of 100000 hu. The
weekly weather crop bulletin said the plant
Is being retarded by the past cool weather.
yet the advices We're not emphatic either
way on the crop. Liverpool cables were I'D
higher. Primary receipts were 1,S5S,4O bu.
The total ciearances to-day were 3S3.UO blu.
moderate supply with the feeling iirmer;
May corn sold from 43asc TO 431.c. July from
4iisc to 4issc. Sept. sold at 4iAc to
Oats.
The oats market was unsettled. but
active. Unfavorable crop reports and fair
profit-taking on advices that a few sections
showed an Improvement were the causes TOT
the good outside buying. that made its APP
pearance. Ma oats advanced a cent ON
Spef but Closed &c higher for the day. July
was same as yesterdays closing figures;
Sept. felt the effect of heavy selling anu
broke 1l2c. New York was reported as a
large buyer of Sept. and is supposed to be
for hedging purposes. Cash gales were 1N.-
600 bit. here. and about the same amount at
the seaboard. Clearances were reported at
225 expected tomorrow. Car lots to go to
store were quiet and strong. May was In
fair, good demaand. with fair trading.
sales ranged from 2slsc TO 2sHc. Sept. vas
traded in freely. prices ranging from 26hc
to 26ss4Ac.
Euv HSnOh"s
There was a fair speculative business IN
hog products to-day. Outside orders were
a trifie larger and the local trading was
rather firm feeling. with fair miscellaneous
buying, and prices were slightly advanced,
but later an easier feeling developed and
there was a rally to outside figures and the
market closed rather firm. Trading was
mainly In the deferred deliveries. Receipts
of hog products We're good; shipments fair.
Nav nOrk was Uuipt and sold SDar1nglS at
sl4.1O; July offerings were fair and demand
moderase: sales were made at :lis. to
s14.i7is. May lard was quiet and steady.
with small sales at $3.50 to sS.22l2. July
was in fair demand, ranging from S.17llh to
and inquiry was fair. May ribs were rather
quiet and easy, selling from $50 to s7;S5.
July were called for o moderately. Sales
crate demand. with offerings only fair.
Sales ranged from s7.S7 to $3.50.
Flaxseed.
There was no noticeable change in fax
prices compared with yesterday. II was
an exceedingly. quiet market. There was
no attempt to buy or sell. There was no
interest shown in either cash or speculative
1886 blu. taken out. Minneapolis received IA
cars. Duluth l car. No. l cash sold spar
/ Northern s1.72 bid; rejected $L6Sa1.7 10; May
futures. For Sept. si.34 was bid; Oct. SIS
Dlu anu Sl-o1 dSheu.
Timothy md Clover Seeds.
There was a stronger speculative market
In timothy. Light buying orders were in
evidence and an advance of sc had to be
paid In order to get Sept. A few cars were
sold at $40, and that was finally bid, with
$3.45 asked. Nothing was doing in cash
seed. No one cared to purchase cash. Coun-
try lots of poor to choice nominally s.. 500
$40: fair to good %; tailings sea-. 50;
contract seed $3.35u3.iO.
Clover.The clover market was but a
continuation OF the late entirely inanimate
and nominal market. Poor to choice seed
was quotable at sSI9; .tailings $1.5Od3. so;
fair to good T.50aS.50: contract nominally
$50.
Barley.
A few cars were sold at prices scattered
over quite q wide range and which did
not reflect any change in the market. There
were a few cars of screenings and now and
then a car of barley offered. There was
not much to the market for spot stuff. and
futures were not mentioned. Receipts were
s cars. Screenings sold from Csc to CSC, with
a little low grade 4OG46c; common to good
4SI5Sc, small sales being made at 51IbD
SEC.
Range of Futures.
Articles. Open. High. Low. Close.
INhnne IaV ~