The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-07-25
GRAIN MARKETS HIGHER
IN CHICAGO PIT.
WHEAT RULED BULLISH UN
DER GOOD TRADE.
Corn Was Active, Irregular With
Advance-Oats Followed Corn
Provisions Were Steady.

REPUBLIC SPECIAL
Chicago, ILL.,, July 24.-Wheat was higher
at the close to-day under good trade at ir-
regular prices.
Corn was active and irregular. also clos
ing higher.
Oats were unsettled and closed higher
With good range.
Provisions were steady. largely in sym
pathy with the grain markets.
Wheat.
There was large and active, broad mar
ket to-day. and fluctuations covered a range
from FAC to Nc The feeling that was de-
veloped was decidedly bullish. and higher
prices ruled. which were fairly well held.
There was a rush at the opening to buy,
and the first few trades showed gains OF
1esQ2ssc over the close Tuesday, but a
break Of 11sc took place, which. however.
was followed by 1hc rally, the close
showing gains of 17sc. The chief bull In
centives were the cables, which came sur
prisingly strong. and. according to Broom
hall. were due to unfavorable Russian and
French crop advices. The price was also
affected by the private crop report of
Northwestern authority, which claimed it
would require the best sort Of results In
North Dakota to prevent sensationally
were credited with buying here and at the
seahoard. and the intense heat in the
Northwest again was factor, but there
were showers reported In North Dakota,
and showers and cooler weather were pre-
dicted for Minnesota. The weekly crop bull
letins conceded serious impairment to
spring wheat in South Dakota and South
ern Minnesota. Liverpool quoted futures
asaAd higher in face of the &c decline on
this side yesterday. London gained 111Ad.
Paris was up 1hc, but Antwerp declined
lac. The clearings were liberal, $4,000 blu.
ana 70 boatloads taken on the coast. The
primary receipts were also heavy and were
bioGo bu. larger than a year ago. Local
receipts were 2I5 cars. as against Isl cars
last year. with 295 cars expected to-mor-
at minneapolis. which controls large line
Of elevators in the Northwest, estimated
I'M, tne damage to spring wheat in South Da-
S and ana southern Minnesota at Is per cent,
We're most fiattering:- The arrivals in the
Northwest were smaller than last wear. re-
Isl csr at aHng 81 and nc At
cars yesterday, and PSI cars last year The
aeceipts az w western points were 1.349 1877 bu.,
were b oa asa last y ass sa and nd shipments
s5sssl bu. wheat anu f'our were equal to
Corn was excited and very active. but the
volume of business was not equal to thai
OF the last two days. The feeling de-
ve,oped was rather bullish and the market
Dec. to 5SAc and May to 5sasc 4 reaction
1oiiowed, but at the close prices showed a
gain OF from l1sc, to 17sc. The strength
bulish weekly crop bulletins, which con.
coded serious damage with the early corn
ruined ran, es in Kansas, Missouri and Nebraska.
private report Of a local statistician
showed declines in condition since july i Of
~ S,l points There was rush to buy at the
Back f Local % fea REsss Ess
prominent professionals and provision inter.
ests taking profits The weather bureau
bnt not local raiHs IN various sections.
drought. Liverpool was up &c in face of the
crop here Yesterday. and London was also
cars g Tif ,s Rsssipss were small only
market weakened somewhat on reports of
heavy rains in Iowa covering an area Of 200
miles, but later advices denied the report.
The heavy receipts Of cattle, to-day would
tend to confirm the serious damage claims
| and shipments were 2s4 900 bu.. against 7@,-
goo blu. last year Local arrivals were 30S,-
0oo bu., and shipments only 5000 blu. With
| drawals from private elevators $500 blu.
| Oats We're unsettled. but active, being at
fected principally by. other grains. The
| opShhAS seiSS AOi Sept were at &C TO lac
over yesterday. the high price being made
at the start. A break of 1lsc followed
and then came rally Of 11sc: The weather
and crop news were unfavorable. the
| drought being partially broken in the West.
but rain Is needed to revive pastures.
Thrashing returns show only fair Yields.
The close showed a net gain Of S@asc.
| Provisions.
A fairly good business was done in pro-
visions and the market in a general way.
showed a little more steadiness, largely In
| sympathy with the strength In grain. At
the opening there was more pressure to
sell and prices were inclined In favor OF
was developed and prices rallied moderately
on all descriptions and the market ruled
comparatively steady to the close. Foreign
markets were firm and domestic markets
quiet. Near deliveries were stronger than
the more deferred months. Mess pork
Only fair business reported and the feel
| ing was steadier. Early the feeling became
strong and prices ruled 2!ea5c lower. but
rallied Tsg1oo, and closed steady at medium
Early prices advanced 2.se and the mar II:
| feeling somewhat steader, offerings moi