The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-07-19
CORN WAS NERVOUS
IN CHICAGO MARKET
WHEAT WAS IRREGULAR
SENTIMENT DIVIDED.
Provisions Were Steady and Prices
Somewhat Higher Oats
Active and Higher.

Chicago. ILL.,, July 1s-Wheat was irreg-
ular, feeling mixed and sentiment divided
the majority of traders favoring the selling
side.
Corn was active and nervous. lower early,
but reacted and closed higher.
Oats were active and closed at the top.
Provisions were steady and prices some
what higher with a good business reported.
Wheat.
There was fair trading in wheat and an
unsettled, irregular market, fluctuations
covering a range of 1c to flsc. The feeling
was quite mixed. and sentiment was d.
vided, but a majority of operators APP
parently were more disposed to favor the
selling side, and the final figures showed
Sept. off fraction and Dec. down 1sc.
Commission-house selling was muchtin evil
dence early. the more moderate temper
atures in the Northwest. heavy rains in
South Dakota, rather disappointing cables
and Price Current estimate all tending to
create q more bearish feeling. The Price
Current stated the position of the crop was
but little changed, ana estimated the yield
at 7l5000,0OO bu., and that of the world at
s0000,ooo blu. more than last year. The
Northwestern Miller claimed the losses from
heat in South Dakota and Southern Min
nesota were unimportant. The primary
receipts were 900 bu. ahead of last year.
and the total from July TO 10 aggregates
S.237 600 bu., as against $4,000 bu. in 1850,
and 9o3O,0OO bu in 1899. Liverpool quoted
spot wheat I'D higher, excepting California.
which was unchanged, and futures steady 10
lad higher. London was also lsd to sd
higher. and Paris was off &c. while Ant,
Is reported hot and France warm. -Four
news was more encouraging. output this
week is A 5000 bills. last week S5o,ooo bills.
Clearings were again liberal, 967 900 bu,
and on the coast So boatioads were ac-
cepted. Receipts in the Northwest were
ceipts were liberal and the quality is still
excellent: The shipping inquiry is fair.
principally for the new wheat: sales are
purchases early. and later the Northwest
was reported selling both Sept. and Dec.
Acceptances through the West are said
The crop in Russia Is not expected. at best,
to exceed an average. and IN some dis
tricts 1t has been almost destroyed by I'M
were about 100000. All the early decline
was recovered Receipts at Duluth were
% cars. and at Minneapolis 1884, against i76
cars. yesterday. and ga last year. Local
receipts were 81 cars, against lib cars one
year ago, There were also 81 ears from
unlicensed elevators: Estimated receipts
| here We're $500 blu. Tho receipts at West
srn primary points We're $685. bu., against
@ 49, f bu bu aat Hesr
Exports of wheat and flour were equal to
9t6,2l5 blu.
Corn was active and nervous again, prices
covering range of 17sc to &C. The market
Opened ,s0S4c lower, rallied about &c, eased
| or fraction and closed with Sept. 1Sc
HIGHER, Dec. up 1c and May fully lie better.
The lower opening was due to showers the
| maps showing more moisture than any day
in weeks. and heavy rains at, Wichita. good
showers In Missouri, light showers in ILL
nois and Iowa and heavy showers in Indi-
| ana and Ohio. Topeka wired the secretary
of the Kansas. Board of Agriculture ielt
at least II present favorable weather con-
tinues. There was heavy commission-house
selling at the start. but the same was read
| was wanted, the market advancing on re-
| Installing of lines liquioated yesterday. The
Price Current stated that corn promise was
| for yield of 100000 bu The private af-
| vices in the West were as gloomy as any
| that have been received some adyices even
daily. Omaha. Neb.. wired r st that feeders deSs
| were bidding 50c all over the State for corn.
The Signal Service predicted further show.
quoted futures sd higher. London steady to
| I'D lower. Receipts to-day were 227 cars.
last year 45. Estimates for tomorrow are
| Western movement was 4l7.0o0 bu.. last year
| go. 700 blu. Shipments were $4,000 bu., and
last year $4,000 bu. On the coast 20 boat
4
small supply and the demand good. -
Oats were active, excited and Nc to &c
lower early. but advanced 1lsc to 1ssc and
and commission-house buying for shorts and
! Investment. and around the top figures free
offerings were readily taken. There were nc
West and Southwest have had good rains
| which will help the pastures. Seaboard did
little buying and clearances were only .50l
| blu. Receipts were small, "A cars, with 81
| cars expected tomorrow.
Provisions.
| A fair business was reported in hog prod
| ucts, and the feeling was steadier. Outside
fair. Offerings were not very free, and the
demand was moderately active. Shorts pur.
| chased moderately, and 1t was reported that
deliveries Prices sss ruea shes % On ali h sse
leading articles. and the appreciation was
fairly well supported to the close. The
rect influence on speculative trade. Hogs
We're in fair supply and prices ruled higher
for the better qualities. Receipts at the
at @ Po WITH ea
year ago. Returns Of the packing of the
West for the week showed an increase o.
the corresponding week year ago. Foreign
markets were steady. Domestic market.
were also steady. Pork-only a moderate
feeling was stronger. The offerings were NO
very large and the demand was fair. Price,
| were advanced SC to TIC early, but receded
again 2ls65c. Later prices rallied 7lsGDlOc
but settled back and closed comparatively
steady.
Lard-Trade was fair and the feeling was
steady. Offerings were moderate and the
inquiry was. fairly active. especially for
the near deliveries. Prices on the whole
range ruled &C to TIC higher. and the ap.
probation was fairly well supported. Ribs
Trade was fair in ribs. Early in the day
the feeling was steadier and prices ruled
about 2lsc higher, but weaker feeling war
developed later and prices receded FIX
to SC. Near the close they rallied to outside
figures but settled back again. and the
market closed steady.
Flaxseed.
The first fax of present crop came to thi.
market to-day. It was seed that hat
| ripened prematurely. and 1t was small. The
consignments were from Kansas and Mis-
souri, 1t is said they run to this kind Of seet
are reliable, 1t looks as II quite lot Of thi.
Southwestern seed would not be of con
tract grade. New seed being on the marke
. and more en- route affected the cash mar
ket. causing prices to weaken. Old Nc. o.
No. / Northwestern nom:nally 1891. IS
new to arrive, Sl.s0; rejected S1.S5 new, oil
$1.72ls; Sept $1.55; Oct. S1.4S
Timothy and Glover Seeds.
There was feeling of slight heavines
about the market. Trading was at yester
days closing to TIC under in the case o
Sept. and 2Hc under In Oct. The interes
] to-day was mostly In Sept, while yesterda,
1t was centered i'll Oct. There WAS no casl
ssea ogs1sd Sept s 9 oe Hse
poor to choice ss.ssa51o 10: fair to good Si.sos
!; 4.75; common rough. $.30G450 Clover-N
. cash clover was offered and no speculative