The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-07-03
CORN MARKET WAS
NERVOUS AND EXCITED.
PRICES LOWER EARLY, BUT
STRENGTHENED AT CLOSE.
Wheat Declined on Foreign Mar
kets and Fine Harvesting
Weather-Oats Steady.

REPUBLIC SPECIAL.
Chicago. ILL.,. July 2-Wheat early was
lower on foreign markets and fine harvest
ing weather. with increased movement
Corn was quite active, weak early. but
stronger at the close. Good buying by shorts
and dry weather In the West caused firm
ness.
oats were steady.
Provisions were lower and the market
was rather quiet.
Wheat.
At the opening quito good lot Of buying
MADE Its appearance, and there was
steadier feeling abroad than was indicated
oy the public dispatches. Arrivals OF new
wheat In the West were to fair extent
but not in sufficient volume to pe Of ina
terial help to the bulls. The strength in
coarse grains had a strengthening effect on
wheat. and some export sales we're reported
from New York in the early part O: the
session. which also helped to support values
ne opening weakness in corn was dlsre-
sarued by wheat traders at the start, hut
was given more attention for n short time
AFTER the first lot Of buying orders from tho
outside had been executed
Elevator interests were buyers Of July
and sellers Of Sept. to-day. Liverpool quo
tatlons came Esd to I'd lower. and London
was diSo lower. Antwerp OecLned nc,
while Paris was up equal to 1c.
The London Mark Lane Express, review
official ., India crop Of 247.4Osco6 bu. should
pori. but. az the granaries are completely
depicted. 1t is not likely that more than
24.VooOVO blu. will be exported. Over an av-
erase yield OF wheat Is expected in Russia,
Spain and Servia, and an average in Italy.
Bradstreets available supply to-day de-
| creased 100000 bu.. as against an increase
off, A On rie l. ln a
the requirements of France would be 80. &c.,
ooo to S.o0o 600 bu., which helped values, as
did the rally In corn. At 65ssc for Sept.
prices advanced to 66lsc. Weather in France
and England Is cloudy. and cables from
France claim tho crop has been injured
exceed 800, 600 blu. Cash demand here was
reported improved, with sales Of 10000 bu.
On the coast 90 boatloads were accepted.
las last year. The estimated local receipts
for tomorrow are 40 cars. Duluth and Min
neapoiis got I'll cars. as against % in 1880.
Were 459,55S bu., as against 37O.919 bu. last
year: Shipments were 6S5, 066 bu:, az against
3IS,'i2 blu. last year. Exports OF wheat and
-four We're equal to 2635Oo bu
| Spring wheat ruled easier and prices were
about 32c lower. There was moderate de-
! mand and some inquiry existed for No: l
mand. but prices were &c to 1c lower and
closed rather steady.
Corn.
There was a mixed feeling in corn to-day
| and the market was nervous and excited.
There was good trade, but not as large as
| yesterday. Prices ruled lower early In tho
session, but strengthened later and at the
| close July was &c higher and Sept. ts1Sc
better. Dec. gained a full cent and May adj
Vanced about &c.
| The rains and cooler weather in the West
| started the early selling and long corn came
| out in large quantities. At the decline
there was some reinstating of liquidated
lines of yesterday and the market displayed
widely scattered throughout the West. but
! in some sections where most needed. adj
vices from the Southwest indicate that the
! rains were not sufficient to give the crop
| permanent relief.
| Liverpool futures were of Ag5bd. London
| declined I'D to lad. Bradstreets decreased
2.2G0.OGo. as against decrease Of 1,14o.0O0 blu.
| last year.
The local shipping demand was quiet. On
| the coast IS bOatloads were taken for export
and olearances amounted to 2l2.000 bu.
| Western primary receipts were 347 900 bu..
as against 1,o06,t1o bu. last year. shipments
29o bu as against $500 bu last IS year
| with 150 estimated for tomorrow. Car lots
We're in small supply and sold by sample
vas n easier hut feeling and
Corn by sample was in very fair demand
| and not much was on sale.
| Prices showed declines OF about Nc to &c
| but at the close were stronger.
Prices advanced &c and closed at about
the top to-day, with net gain Of &c &c
| tsc. The market early was weak and 1sG1hc
lower on report of rains and in sympathy
with corn, but became active and advanced
at the latter part of the session on unfav'
| orable crop reports and the advance ii
| corn. There was active general buying by
commissions houses and realizing on the ad
vance by local traders.
streets. increased III 600 bu., as against 49,
600 blu. last year. The seaboard reported
5000 bu. taken for export. Local receipt,
were 15S cars, with 20 estimated for to-mor
row. Oats by sample were in good reques
and steady. Car lots to go to store were
steady. At the close there were bids fo
round lots, but they were not close.
| Range of Futures.
Articles. Open. High. Low. Close