The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-06-21
WHEAT MARKET WAS
DULL AND NERVOUS.
SPLENDID CROPS IN SOUTH
WEST UNSETTLE THINGS.
Trading at Present Confined AL
most Exclusively to PrOfes-
siOnals-COrn Steady.
REPUBLIC SPECIAL.

REPUBLIC SPECIAL.
Chicago. June 2o-There was Il narrow.
dull and nervous wheat market to-day.
with trading mostly professional. Condi-
tons rather bearish. on decline stop orders
came out freely.
Corn was steady but dull. and an easier
tendency prevailed. The weather conditions
were favorable and receipts light.
Oats were steady. with a narrow range.
Provision prices showed little change
compared with yesterdays close. Packers
sold.
The weather and all crop advices were OF
a bearish nature to-day. The Price Cur
rent was also bearish. which caused a
weak feeling In wheat. with trading largely
or Il professional character. Tile crowd.
while favoring the bear side. were cautious
and not disposed TO take much punishment.
Foreign news was construed as brliish. par
tculariy that from Paris. but this was not
reflected in their own markets and cut but
nttle or no fSure here. On the way down
10 use Tor Sept. stop orders came out
freely. but prospects OF showers in the
southwest and fear that harvesting might
De retarded II too much wet weather
comes caused a recovery of small proper
lions. July at one time was OF 7sc and Sep
temher on 12c. but some OF this was recov-
cred, and at the close prices were steady
around the opening for July. but slightly
lower for September. Harvest in the
southwest Is progressing rather favorably
ana giving indications of splendid results.
That was the supreme influence In the
market and caused the desire TO sell for
future delivery. Holders Of July were also
anxious TO liquidate. and the consequent
decline in that month dragged September
down In sympathy.
The cash and elevator people of Chicago.
heiped by Northwestern interests. were
GOOD sellers OF July wheat to-day. Liver
pooi cables were unchanged for futures
Whiie spot wheat. No. l Northern. was
&c higher.
cent bu. lower on futures. which caused
the sensational press reports regarding
SI9p conditions in that country to be called
haoricatiohs Primary receipts were 4S7 $50
pu-. AGAINST Slsy0ss last year. SHIPMENTS
t,o", mere were Sl.40 bu. against 1s2.S
nu: last year. Exports OF wheat and flour
were '. cars. against l23 last year. There
were " cars taken from unlicensed eleya-
row me estimated local receipts to-mor-
low are 10 cars. Duluth and MINNEAPOLIS
got a total of SO cars. against "a vesterdav
and ia cars last year.
Inc exports OF wheat and -four were EQUAL
aenand for winter wheat. but the milling
ueulahn was very quiet locally. as on the
pmosge. ne market for spring wheat was
Corn.
inere was some reactionary power shown
IN corn, Notwithstanding the dui,ncss which
ILs'ai,ea at different times during the sea-
terdny's close for June and 10 or Tor Juiv.
sept. was easier. The country Is stIII holt
me on 10 us cash corn owing to the late
ness OF the crop. which 10 a supporting
feature The provision interests sold to-
day. The Price Current saws that the cron
Is improving and that II will be nearly an
PIT professionals did the bulk Of the bus-
~ ana there was but little interest
s sn,r on the part Of outsiders. Local re-
. were contract grade. Only Les cars ara
expected for tomorrow. Liverpool cables
higher for spot corn. The clesrances were
ZsSco bn. and charters are reported for
lS,0e hu; Cash sales here were small.
however. a fair trade at the seaboard.
where "A boatioads Were taken. The feel
ing in corn by sample was steady and prices
were without material change.
Oats.
Oats were weaker and lower early, prices
receding &c to i1o. with July the leader.
ssnt the scc e,oss all IL, had sSr. been y ffescysred and
early selling was BY longs. and the buying
later by shorts. professionals and COM
transpired, especially in the last hour. Crop
reports from some sections were improved,
hut private edvices are still unfavorable.
board reported 1900 bu. taken for export.
The trade In July was on a larger scale
to-day than Yesterday. Local arrivals were
C%learances were GEO bl. Oats by sample
were on good request and prices held
steady. Car lots to go to store were also
steady.
Provisions.
There was nothing OF special interest in
the provision market to-day. prices show
In a general way. there wcs 4 fair specula-
tive business. but the feeling was not quite
SO firm: At the opening. prices ruled
there was an inclination to sen and prices
ruled lower all around. but gradually raj
lied again. Foreign mcrksts were rather
Shipments were moderate and receipts OF
fair. Pork offerings Were not very
large. but. on the other hand. the demand
was somewhat limited. The market opened
ruled &c higher on fll'ns Of a few or
ders and later became %.afisr. rec.ding 80
ures later, however. and prices closed
steady. Lard offerings were fair. and an
active demand was developed; Prices ruled
steady. with a slight recovery and closed
ut outside figures. Ribs were steady and
the market closed at outside figures
F1axaeed. |
ard very little interest was mani
tested to-day. In futures little was done. |
cash seed was somewhat hignef. NO. i ana |
Northwestern si.Si bid: rejected. $40: |
s1.3l bid: Oct. No bid. REGENTS We're
a again very small. Minneapolis received IL |
cars. and Duluth got but r. Receipts here
were ; cars: shipments by lake s.T9 bu- |
Timothy and Clover s~eds. l
The timothy market was absent OF oner- 1
inSs and nothing was done in a speculative
way or In new crop futures. Several times |
Tor Sept. was A.S hid. and fnally A2;1s
was bid. The market for contract old seed
was nominaliy sl25: country lots. Door to
choice. s3.ET4.15: fair to good. S0d4: rough !
s:.5Oa3i1. Clover remains practically |
nothing whatever being done. Poor |
to choice nominally sGd9; fair to good. about |
s.. 5OMS.50: contract seed nom'naily $SO
Barley. !
Barley was n little more than nominal. |
nothing suggestive OF any change
in prices developed. New crop deliveries
were nominal. Only | car OF barley was
in. The withdrawals continue
fair. 11.0ns bu. being reported taken from
store TO-DAY. A few cars. poor to common. !
sold Mt safe; screenings. 23ffSsc: low-grade.
common to fair, 41N5oc: good. 5lG5ac; |
possibly a shade higher for choice fancy.
Range Of Futures.