The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-07-30
WHEAT LOWER, WITH A
GOOD TRADE ON DECLINE.
CORN CLOSED ACTIVE, BUT
TWO CENTS LOWER.
Oats Declined, but Were Active
and NEUTRALITY-SUSPICIOUS. Tn
settled and Dull.

| ana EXcited-PT0VlSlonS In
settled and Dull.
| REPUBLIC SPECIAL.
Chicago. H., July 29-Wheat was lower
to-day. but there was a good trade in the
| decline.
Corn was weaker, but active, close show
| ing decline OF over cents.
Oats We're lower. but active and excited.
Provisions were unsettled and dull, some
lower than Saturday.
Wheat.
heat opened weak at from &c to lac be-
| low the prices ii closed Saturday Con-
siderable long property came out on the
| early decline. the weakness being attribut-
! able mainly to the break in coarse grains.
lower cables and cooler weather in the
| spring wheat belt.
The very penteous rain in the corn belt,
where ii was so desperately needed. was
| the sole matter thought worthy of consd-
| Grafton at the start, and while spring wheat
| was not in need Of rain, it also had a good
soaking, but that did not come in for much
mind that the drought in the corn country
mad been the cause of a good deal of recent
strength in all grain markets.
AFTER holding steady for an hour a about
lc below the closing figures of Saturday fur
ther weakness developed when it was seen
| that the Northwestern market. which, for
Chicago, had fallen into line with its natu-
| raj leader. and made much haste in making
| its change of front.
Presumably many margin calls on long
wheat had been sent from Chicago to the
| country when the first drop in price oc-
| CURED. and We're answered by orders to
| sell out, and many such coming up on
! previously weak market, caused still
| greater degree of weakness than at first eX
Liverpool %ss s sasd Sfp owep f Lon nd Sc was
| I'D to Esd lower. Paris was steady to 1ac
higher and Antwerp was l4d lower Fair
Northwest. North Dakota has to date es-
| capped the general heat damage. and prom
| ises a good crop. but on account of water
| damage a considerable area in the Red
| River Valley will be affected unfavorably.
Worlds shipments were larger than ex-
pected, 9.9s5,oo0 bu.: against 7,6l4.cOO blu. the
previous week and 5,S6ooOO bu. one year ago.
| The visible supply increased 1.5S3,C0O bu. as
| compared with 72S.e0O blu. increase for the
same week last year. The total visible is
year and S6.o1900o bu. in 1899. Local public
| stocks decreased but 1900 bu. and are now
3,s5S,o0 bu. compared with 10613,0oo bu. one
| year ago: Receipts in the Northwest fell
short of last year, but the primary move
ment was $4,000 bu. larger. Clearings were
fair. $4,000 blu. and 81 boatloads accepted on
| the coast
A message from Fargo. N. d.. said that
many thousands of acres of wheat were
eastern half of North Dakota being dam
aged. The relative strength in the North
west and the buying orders here from that
| section changed the tone of the market
| some.
The close showed declines of 17sd2c. Re-
| ceipts at Duluth were 50 cars and Mime
| apolis got $50. a total of 232 cars against go
| cars last year. Local receipts We're 2s5 cars,
against 49 cars last year. Estimated le-
| ceIpts for tomorrow are $50 cars.
; The receipts at Western Joints were l.
5o5 SIS bu., against PSI .664 blu. last year and
| shipments were 625.520 bu.. against SS53, 3355
| blu. last year Exports of wheat AMI :;o,ir
| eoualed 565 29A bu
Corn was nervous and very active. Still
tions would indicate. The rains were tile
sole factor. and the opening. prices We're
t1EqSe ,i lower .d and covered range o. Iis.
Wetting down the corn belt had the past
4s hours, and lower prices ruled. the close
| Showing 24I212@2Ssc loss.
Liquidation for both local and outside ac-
count was general but on the decline there
was good buying by professionals, ard sew
eral of the larger comni5Sion- houses, which
turned the market frner. Fair and cooler
weather was predicted. but showers midi
Gated for Missouri. Kansas, Illinois and In
The cables were lower. Liverpool quoting
futures h lAal3sd /, lower h Stocks were, '.ooO
was &@;sd lower. Local receipts were sl0
cars. with go expected tomorrow. Accept
;ances from the country were he largest
| ~ some Tune, and considerable turned down,
Worlds shipments were more moderate, at
100 bu., against 4i21,00O bn las. year.
mss were small, only 29,gO "a. md on
the coast 30 boatloads were taken The vis-
ible supply increased $4,000 bu. against a
decrease last year of 1.SS3OO0 b,l., and the
| total Is now reported at 1887 $50 bu com
! pared with n.692. 600 blu. In 1899 Local public
stocks are now 6,sl5,C00 bu, an increase Of
| 30i.0Ot bu. ~
The Western movement was ,51 500 bu /;
last year SLIGO bu. Shipments wee ligHO
bu.. against 100000 bu. last year All outside
markets were cesrespondingiy lower.
| Oats.
Oats were lower but excited and active.
Heavy rains over the West the past 81
| hours and the break in other grains had Il
depressing effect. There was heavy "stCp-
or ord selling by local and outside longs,
| ana no special support vas given the mar
ket untii the last. when the provision inter
a ssaS nousht May and rallied the market
,d Prices ,sss declined 2a2tac and closed with a
net loss of ltsc for the day. The visible
supply decreased $4,000 bu ''''''''
me local receipts were 2S3 cas- with $40
clearances We're 12.GO0 br. Local stocks de-
creased $1,000 bu.. and are now S7o,JCO bu.
| barley.
Ihere was nothing at all important about
and also a few cars of old In the market
Demand very light. Very little mixinr de-
mand now since other markets were weak
e en-, Ihere was sale at 42c. and some other
cars on the market held a shade over. but
not sold; fair old 5Oc: nice bright new 6oc;
Sept 6ec nominal. There were posted /
cars The visible supply decreased some last
week. -"s'
Rye was weaker and prices were &c lower
IN sympathy with the weakness in Other.
grains. There were IA cars received and
there were II cars withdrawn from priyat e
wa rel ,l The visible supply increased
Range Of Futures.
|