The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-07-10
CORN AND OATS
CONTINUE TO ADVANCE,
COARSE GRAINS WERE THE
WHOLE 1MING.
Wheat Made Very Good Start
but Weakened Later, Closing
at q Loss in Price.

and especially corn, that were the prorni-
- nent features and made the best records in
Z the way Of strength and bullishness, wheat
being inclined to weakness and secondary
consideration. The situation was made
more than ever interesting by the fact that
there were a number of outsiders on the
noor for the first time in many a long
= month. and commission-houses reported the
receipt CT a batch OF orders from the coun-
= try to buy corn. As a result OF this the sit
r uation was active throughout most OF the
day. and the aggregate dealings were large
4 Wheat failed to hold up its end to the close
and showed a loss for the day OF 1sc to i<g
= NC, but corn and oats were both higher
and very strong. the former showing an i'm
provement OF lc to I,sc and the latter OF
nc to nc, az compared with the day be-
fore.
Specriatively. wheat yesterday was rot
the attraction that corn was, vet II was
by no means neglected. There were some
lut the market was not able 10 hold its
advantages very long, and the close was
at decline. One of the weakening factors
carly was the depression shown by the
markets abroad. which responded freely to
the let-down on this side the day before
and also to the heavy receipts yesterday.
which footed up over $4,000 bu. These
heavy receipts led to some selling right a.
the outset, and Sept. was nc Oft at tlssc.
There were buyers at this decline. hower-
leT, many OIL WHOM were SuOIlS, VIM WciS
Influenced by the great strength of corn.
but the buying was not sufficient to advance
prices any. and Dec. opened &c lower at
SIC. and Sept. sold as low as 6ll:c. Tie
. buv,ng continuing, there was a fairly good
raiiy, and Sept. sold up to G2062sc and
Dec. to G4&c. while Gle was bid for July;
were never again duplicated. much weak
or feeling being developed that was accom-
panied by lower prices. One reason for
this was that there was nothing in late ca.
hloQ to huyinQ. IiverDOOl
closed ssG%d on for the day; London was
&c to Id lower. Paris lie and Antwerp ksc;
at e0.06o bu., and Bradstreets reported
decrease OF 400 bu. in the available sup
plies. The latter was Of no help to the mar
shorts had been satisfied there the was weak
SPOT, and the market commenced to go off.
There was no export business of conse-
at all here. On the iet-down Sept went off
to and Closed at 61Js@asc sellers, Dec be-
Ing offered at 6;16slsc and closing at e4c
bid. while July was 6essc bid and May 671sc
The attention Of, the speculative trade Of
corn. which was the king OF speculative
kratLs yesterday. No other cereal was in
Il. Speculation in this cereal has steadily
largely higher prices Of the past day or
two In the presence OF large number of
outsiders on the moor. and the, fact that
received than has been the case for long
time. The effect Of these orders ard the
heavy buying for outsider accounts was
influence upon market values. The market
opened up strong. excited and higher under
the influence OF extreme heat IN Kansas
and damage reports, and the first trade in
the september option was Mf4Nc higher at
4a4c. from which there was q jump to 4s5sc.
tSs rS long S, tag Of
DOWN was only to 4SxQLc and in short
time there was q bulge to 40 There was
day except hot weather and ruined crops.
etill the cables did not indicate that
1oretgnerg were unduly excited, and Liver
only I'd: and va respectively. During the
closing hour OF the session the realizing
sales were % much better than the buying
on TO SIC and closing at lSssc There was
n0snmG done In July. which closed at 47kc
. A (ood strong market was had for oats.
uuH ne market vas not quite % responsive
g me edvsEe n corn as has heretofore
sson Of the trade being conferred In corn.
-. rns initial saiss Of September were at slskc.
later Nstc vas bid. Buying Improved later
ana the high price OF cash and some bad
crop Reports. together with the advance in
&c a &C. up .s e &c Mb elsgs ' sd
fer July The market eased, Oh late in the
Ioc -. otess Srs ain and at the close
Nay ana July was bid exc.
~ Trade 0ossip.
Z yese s.sF.ordtperiiy high. a. hish a. ios beins
fsr hs or slsi Sut i t z.
80 s 20 - . ssisn iSnywhere and The prospects
more fsvoi.bi. for raj. siGndi, III sss
nsef ssfsrs tnsa e any time since the drought
a,eAA lsstsf nom Pl iS a. to Funston
me. Z. ssss ~ ,sss.; "A 81 s. Would a T.
Of - cst cscp q an directions: A'''
~. 8 points: & Corn ". II. w Sss Il:
e: cs uni 'sz g. .s ssPs ss s.s 2:
s. s, 81 si s. q
- Kaa.ss esnisr writes shsr an eo Sa tn.
wosil 8 relieved ~ ssins Only SusIs me f hsy
3 sasssasd :.p g 'i fS1 July 10 ;.
- ss.asy .ao.s "a Improvement in winter Il r
H.!sssyssy us "a e 90. Tali pfobsSis show
% ese corn Gan e: "a q 81 y June Tie
aaeess tSe sems e last year --'o1' - wan
3. ps . L ss that md sss:
tee1er e!ope Az cut down % badly by drought
e - sS oss1S ne h,sh prices now being paid or
Nseoun farmeu are selling their wheat at SAC.
eod teeeses ars bidding equal to sc for corn
-, ssensi Service wessner crop bulletin says
"a pottiens g ths cotton belt, with the esesn-
0so 6 eoush Carolina and Florida, cotton,
ssd z s sSs sns af y Is
Alestatppl River - much In need Of rain. and
especially IN ths uplands q Texas and portions
q Ax1nnsa. tns osop 3 generally from one to
ss - Louis ssporers ~ they cannot sell whes.
! leas than this maxkst can sell At.
80 ena ths MISSOURI Pacific roads was about
2 euoe. as likewise pssturs. and hay crops Whole
ale rnerchants reported ths cancellation OF many
-nsa1stfeets available supply Of breadst,fra
In the world's visible decreased 100000 bu.
sS.in.t Z lsssoes 30: incrsa.s year age; me
ba.. sG.in.t Ssss 600 bu Increase q year ago. and
eas.eoe laak week In the regular visible. This
svs,..ei, ssypply Of cat. DECREASED lsss go bu.
lPdmary rscsipts Of wheat, $4,000 bu.. asa,ns,
s6A.eoo hN week ago. N2.ooo bu. year. ago.
{ csl.sd iasce bu.. ssa,nst stS 6u. : week ago.
ana 49, %. year ago. Primary shipments
lcorn rscsipss a primary msrket. $4,000 bu,
egaasN sszso6 bu- Q year ego z1so bu. arriving
a @. Louis - against 81. SOY bu. last yeaf.
y s sespsni s rss1er 1u m.,., "a, ON y,
csiying 64se bu.. sesinst 400 blu. last year
Cash Grain, FIour, Etc.
,. WHEAT-c1sh mafeet-Received. Is, ese sacks
ana IN cAxp local and car through. Stronger
ssS hsss fcF :'f .,sanse =. q whee me.
;Say1ng 70 0u previous sales abroad) milIers and