The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-06-13
JULY WHEAT LOWER
IN CHICAGO MARKET.
SEPTEMBER OPTION STRONG
AND HIGHER.
Corn Trading Moderate, With De
cline in Prices-PrOvisions
Steady and Higher.


REPUBLIC SPECIAL
Chicago. June l2-There was an irregular
wheat market to-day with fairly active
trading. July closed saz.c lower and Sept.
sc higher.
The corn business was only moderate and
mainly professional In character. Prices
ruled about &c to Sc lower.
Oats were weaker and lower at the close.
Provision trade was fair. steady and some
what higher.
The weather was all that could be de-
sired for the home wheat crop. and July
showed a degree OF weakness that imniedi-
ateiy suggested an unhealthy condition OF
the cash business. The only thing that
was At all favorable to wheat at the open
ing was the comparative firmness abroad.
Paris quotations coming 1i4c TO 1i9c per hu.
higher Liverpool made the response to the
previous days weakness here. The firm
ness OF Sept. in the circumstances surround
ing the market the first hour OF the seS-
sion was somewhat surprising. and when
July. about half an hour from the open
ms. was lie lower than IL was the cay he-
fore. Sept was at the closing price yes
,erday: Local receipts were Z, ears and
received. as against iSi last year. Outside
markets showed n similar inclination to
lower the premium of July wheat. as com
pared with Sept. The primary receipts OF
wheat at Western primary points were J'.-
~ bu., as against 6is.po bu. last year
Shipments were 1881 hu-. rs against la,.-
~ bu- last year. Private advices from
Texas. in the neiShborhood OF Galveston.
said the wheat crop would be much less
than last year on account OF the desiruc-
ton by the new bug.
At the seaboard to-day the cle:irances CT
wheat and -four We're rather small. "sl;sp
hrn ThA Meath. aNua llatl saws fhl-
winter wheat has improved In the Lower
Missouri Valley. and that an unusually
fine crop Is being hasyes nsio In Walt Gaii0rn nnJ
Michigan less favorable reports were re-
ceived.
There was n moderate shipping inquiry
for spring wheat to-day. with sales of 1W.-
NJ bu. No. 1 Northern reported Winter
wheat was quiet with offerings fair.
Corn.
The corn market was irregular to-day.
Business WAS mainly Of a room-iradins
character. with only here and there an or
der from the outside. Considerable strength
on talk OF an improved shipping demand.
but this was followed later by n weak spot
on excellent reports from the growing
plant Liverpool futures Were I'd higher,
while spot wheat was unchanged. Plenty
of moisture and sufficient heat for grow
ing corn caused the market to rule rather
heavy at n slight decline most of the time.
Radical weakness was prevented by the
readiness OF short stock and small profits.
There were only ; cars of contract corn out
OF 29 on the local inspection sheet this
morning. Western primary receipts were
$500 bu.. as against $4,000 bu. last yeas.
Shipments from unlicensed elevators here
were 3I.oO bu. The estimated receipts for
tomorrow are 20 cars. Ciearances for the
day aggregated $4,000 bu. There was not
much doing in corn by sample and oHer;
fair. The feeling was steady. and prices
were without special change from yester-
day. In car lots there was a moderate de-
m1n1 To 20 10 Ctnra and OneTtnr4 were
fair. The feeling was a little easier and
prices about unchanged.
Oats.
The oats market was active. lower and
weak. Prices receded about asfIi2c. and
closed at the bottom price Of the day. The
most noticeable feature to-day was the
close the bear interests became aggressive
sellers. Shorts were about the best buy
ers. and there was some good buying of
July and selling of Sept. by elevator inter
ests. Crop reports were generally more ia
vorable. except from Missouri. where the
to the crop. The cash business "v wa. 's slow
oats by sample being in fair demand. The
Reaboard cleared s2.co0 bu. Local arrivals
were los cars. with ITO cars estimated for
Provisions.
There was only a moderate trade In pro-
visions to-day. though the undertone was
rather arm. Outside orders were smaller.
especially on the buying side. owing to the
easy feeling In grain markets. buyers rather
ohW I'LL ~ ~ I u
the trading for local account was fair and
there was moderate buying by shorts.
Prices ruled HIGHER on all the leading ar
ticles early In the day. but receded again
all around. and the market closed steady.
There was fair trading in transferring con- |
tracts from July to Sept. at the current
difference.
Domestic markets were steadier. Receipts
OF products Were fair and shipments were
in the way Of filling orders for the DOMESTIC |
trade. There was n fair business in pork. |
with the feeling rather firm. Offerings were
the session the market was rather firm and
prices were loo to l2hc higher. but receded !
sEa,d H ( fairly and rSoa trade ,Eass ve esn 9pSap,eS ~
lard. and the feeling was somewhat unset
tied The market opened frmer. and prices |
was generally firm. with prices about
steady. |
FIaxseed.
There was a little more interest in. the
faxseed market to-day. and a little activity |
was noticeable In both futures and the cash
market. To-day's receipts were 3 cars The |
MinnneapoIis received 5 cars and Duluth
none. Cash No. l Northwestern sold at II: |
No, 1 nominally sLIo; rejected nominally |
sLs5: June nominal: no %trading: Sept. SIS
bid. 81. 80 sellers; Oct. sold ut 81. &c and closed
SIS bid and Sl2s asked.
Timothy and Glover Seeds.
There was still "A very quiet timothy mar
ket and cash seed was entirely nominal |
Sept. sold at S.10. which was about the
only transaction to-day. Contract grade $.65
for prime; country lots. low-grade to choice, |
SQ3.6o: fair to good S4egS-S: rough seed
$3.2O433D. |
Clover-There was nothing Of consequence
done in the clover market to-day and prices |
remained nominaily the same. There was
no demand and offerings were light and OF
the odd-lots variety. The market was NOM
inal: poor to choice Sti9: tailings $2q4; fair
to good N.50aS.50: contract SI0.
Barley. |
There was little interest manifested In
barley and the trade was limited. Offerings /!
were comparatively light and there was only |
n moderate demand with buyers a little slow
to meet the views OF sellers. Little change
was noted in prices. Fair to good sold in |
a limited way at 4sq3lc; screenings nominal |
iy 5Sa3sc. according TO quality. There were
no shipments. Receipts were ) cars.
Range Of Futures. |
Articles Open. High. Low. Close. |
S sSiy So. nsss g.: sssaE So