The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-06-16
WHEAT CLOSED FIRM
AND TRlFLE HIGHER.
FEATURE IN CORN WAS BUY
ING OF SHORTS.
Oats Active and Higher-Provi-
siOns Featureless and Only
Moderately Active.

@hftHe' hht ~ was
active. with a nrmer feeling. and closed
kaSc higher. Corn was firm. and hc to 1c
higher The principal feature was buying
by shorts. Oats were active and higher on
good buying. Provisions were moderately
active. with nothing particularly noticeable
as a feature.
The wheat market opened weak. in SYM
patty with Liverpool quotations. which
showed a greater weakness than that which
prevailed here yesterday. There was a con-
tinuation of favorable weather. which was
the chief reason for the recent weak
ness of wheat market A private Ca
blogram from Paris said that wheat
crop prospects were gloomy, and that
the crop was de;erioratins daily. This
had a tendency TO check the decline
which started at the opening because
Of the weakness of Liverpool. where
grain dealers are supposed to keep as
closely ~ touch with the French crop
Information of a reliable character as do
those of Paris. and NC a bu. rise In the
latter market was not considered to be IN
dicstive OF any such serious state of az
fairs as that presented in the cableSram.
although the receivers Of the massage have
on former occasions had news from Paris
in advance Of that coming through regular
~channels.
Minneapolis and Duluth receipts of wheat
for the week were 2.0s2 cars. against 2.3ss
the week before and 3.066 the same time a
year ago.
While the evidence concerning French crop
prospects did not bear out the very serious
deterioration mentioned In the cablegram.
the fear that the latter might be correct
caused uneasiness among the shorts later
in the session. and caused a recovery to yes
terday's closing figures. sept: opened at
sSss TO ssizc ami sold down to 6sikc. but later
rose to tS.tqSSa.c. with a strong feeling
stu prevailing.
last year. Minneapolis and Duluth got 57
cars. as compared to i1 last year. The
weeks shipments from Australia were "a
eco bu.. against $4,000 bu. the week prev
C1earances from Atlantic ports equal
sal 900 bu. Receipts at Western primary
markets were S..0s5 bu.. against 652SN bu.
last wear. shipments were 2l9.g4 bu.. against
2ao.31o last year.
Under n continuation of prevailing condi-
tons. the corn market ruled firm. on small
receipts and improved shipping inquiry
Sept. corn opened at from tSi1c to -
from which point II rose gradually to AVG.
or s.c above the point 1t closed at yesteT-
day.
The effect OF small receipts was felt a.
much in the cash market as In the specu-
lativ. futures. and holders. who less than n
week ago were freely offering corn. are now
indifferent sellers Of shipping parcels:
The local receipts to-day were only 80
cars. confirming the small number
yesterday. and only 10 were Of contract
grade. A year ago the local receipts were
GS1 cars. The estimated receipts for Mon
day are 215 cars. Liverpool cables came I'D
to I'D higher for futures and Nd higher on
spot corn. Cash sales were Is boatloads at
the seaboard. and there were rumors OF q
round lot changing hands at Chicago.
The total clearances at the seaboard were
$4,000 bu. Western primary receipts were
sJs.os bu.. compared with S9.@ bu- last
year. Corn by sample was rather quiet and
demand only fair. The feeling was firm and
prices higher.
Oats opened up unchanged for Sept. and
i.n-.c up for July. July was the strongest
as II had considerable support
from shorts. who were scared to cover by
pats. The rush to buy advanced prices NC
and IL closed at the top. The leading hold
prs sold about 2.os.oco bu. at the advance.
There was good general commission-house
buying. and large profit-taking. Weather
and crop were favorable. Cash business was
bu. at The seaboard. Receipts
lay. Clearances at the seaboard were 314.-
20 bu. Oats. by sample. were strong and
4c higher. The demand was fair and offer
Ings were not large.
Timothy and Clover Seeds.
A marked Improvement In the speculative
and loc advance was gained and
maintained on the good demand for Sept.
n see was Mag guo 81 spu g. COUNTRY Ssners; i Sen'r low
grade to choice. s3d3.s5: fair to good. 1850
t5s: rough seed. 1.2sa3.3: Oct s. 20: Sept. !
Clover was nominally the same as for
tome time past. There were no offerings /
nd nothing was done. Poor to choice quota l
BE at $su9. fair to good 81 .50dS;' contract !
.eed nominally $50.
Barley vas a little better than nominal. \
NJ the same time. with sellers scarce. buy |
emit The feeling regarding the crop. Is un- |
Five cars were Inspected in and /
30 bu- were Withdrawn from store. 1
screenings. good quality. SIC; low grade I
common to fair 4Sd50c: good 5lu52c; |
Tery choice possibly a shade higher.
The feeling in rye was steady and prices
Without special change Speculative Offer l
were moderate and the demand rather |
limited. Reoeipts were Z cars and 400 blu. |
we're taken from store. There was little |
loing in the cash market. except in car
OTIS. No. 2 in store 47hc: No. 3 SIC; July |
al
There was more strength shown for cash |
,rices. Receipts In the Northwest were
anger. Minneapolis receiving 20 cars and |
l. Receipts here show Is cara. 3
4 which were inspected and 8 Of which |
rere contract. Cash No. 1 Northwestern |
is sis: s fs3:es.d 't u. tsst s ,sSEs Ri Nc;
Isked: Oct. SIS bid.
Range - FUtures.
ArticIesI Open. High. Low. Close.
i en- ca 80 ssssS :$$s =. 3
=: ~ ssss:s;S III 81 .,.s
.,s-Juiy :-:.sisqHS ix9S sS .sxS
<EGruiv M nSn -