The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-07-12
GRAIN MARKETS WERE
BULLIsH IN CHICAGO.
CORN ACTIVE AND HIGHER,
UNDER HEAT PRESSURE.

CORN ACTIVE AND HIGHER,
UNDER HEAT PRESSURE.
Oats Were Excited and Higher
Provisions Were Unsettled
Rye Firm and Bullish.
REPUBLIC SPECIAL
Chicago. Ill. July 11.-There was good
trade IN wheat to-day, and prices were
higher IN sympathy with coarse grains.
Corn was active and 1alc to &c higher on
continued dry and hot weather throughout
the corn belt
oats were excited and higher.
PROVISIONS were rather unsettled.
Wheat.
Inere was larger volume Of trade to-
Gay and the range covered about lfscs
lhere was some evidence of investment
buying and covering by shorts. There was
also some buying for foreign account. The
ieehhg generally was stronger. and at the
close sept. showed an advance of hsc, and
Dec. &c. The advance in coarse grains and
wet weather In the Northwest were among
the Dull influences. Gables from Paris said
,he government monthly report was quite
nuliish on wheat. and this possibly had
some erect on values. Scarcity of specu-
iatVe offerings was an early feature. Tho
local cash demand was moderate. The
frlce Current said that winter wheat indi-
cations were maintained, but spring wheat
OUTLOOK was moderately improved. Outside
markets We're all higher
Liverpool quoted futures I'D to sd higher.
Whlle Paris came lSc lower. which indi-
Gated that outlook there was changed. Ant
Werp was steady, but London was I'd to %sd
higher. The Government report was looked
upon as bearish to-day, but 1t did not have
any perceptible effect in the market The
tocai receipts to-day were Jag cars, against
W last year. The estimated local receipts for
anu minneapolis We're 30l cars. against 1oS
cars last year. The clearances at the sea-
p p We're large to-day. equal to S2l 1888 bu
Recsipts at Western primary points were
oo5,2S pu.. against 4s1. 6l4 bu. last year.
spring wheat was quiet to-day. although
the, the receipts e' We're small. and choice wheat
s0oo demand, with firm feeling and prices
ABOUT &c 10 lc higher than yesterday.
Corn.
Ihere was great deal of excitement and
nervousness in corn to-day. Trade was OF
large volumne and still higher prices ruled.
sept: advanced to 5112c, Dec. to 5lc and May
| gains of 1sac to &c. The Government tI re-.
port, and continued hot, dry weather West
we're the chief bull factors: The West and
large quantities were bought for Eastern ac-
count. "N
offerings were not very free, owing to the
vance was rapid in consequence. Commits
sion-house business was good and there
were long lines added to-day. Routine news
did not influence the market much one wav
or another. Reports from the West were
exceedingly bulIish and came in freely.
causing r,s the bulls to take fresh starts. The
frice-Current stated the outlook was for a
crop OF about 10 per cent less than la~t
year. The Government report is construed
| as publish inasmuch as It was compiled since
July !, since when the most damage has
| been done. Liverpool quoted stopts Steady
and futures only sd higher, but London was
about &c to Csc higher. The local shipping
Ca, were in good demand, with the feel
ing firm. Around Sic for Sept. there were
realizing sales and proft-taking, which
broke the price to 507sc. but near the close
there was a rally and prices closed near
the top for the day.
southwestern markets were strong and
prospect for rain, and only slight changes
IN temperature are indicated. The local re-
| ceipts We're 242 cars, with 295 estimated for
| 600 bu, as against GA, goo bu last wear:
shipments were 900 bu., against 557 900 blu.
| in 1900. w.
on the coast 6 boatloads We're accented for
export. Corn by sample was in good de-
mand with prices 1ceto &c higher. Car lots
were IN smaii supp BE-. and good demand.
The, Ihere was great, excitement I'm oats to-
gay, and round lots Of $1,000 blu. were readily
| Ac to sc higher at the opening. Later
yesterdays close on good baying from 0t tse
| West. Local holders sold freely on the adj.
vance, which caused a reaction of &c to 1c
| Of sc to &c. &' wa
i An y,t, III u
crop was damaged and advices from France
were also unfavorable. Sentiment con-
tinues bullsh and the West and cereal inter-
ests bought heavily all day. absorbing offer
ings by local professionals. Cash sales were
| light, oats by sample were active and at a
good demand at 1c to 11sc advance. Car lots
| to go to store were. 1c to 1lsc higher The
receipts here were small. So cars. with 1a0
cars expected t9,morTow:
There was an unsettled feeling in the pro-
vision market. with a fairly good specula-
tive business At the opening there was a
good miscellaneous demand and prices ruled
hog and corn markets. At extreme figures,
however. there was considerable general re-
altzing for local account. and weaker feel
ing developed, causing a decline on all the
| leading articles. and the market ruled rath-
er steady during the remainder Of the ses-
si SOD, domestic markets were steady. but
strength In that querter.
Pork ruled 221sc to 25c higher. but later
prices Ceci1ned 25c to 2ll2c. Toward the close
there was rally of 21ac to sc, and the mar
| ket closed steady.
/ Lard was in good demand and early buy
| ing caused an advance of SC to NC. Later
| a weaker feeling developed on realizing by
| holders and the market closed steady
around inside figures Ribs were firm at the
4 opening and good buying made Its appear
ance. Prices ruled 21Sc to TIC higher, but
1 later a weaker feeling came into the mar
| ket and a reaction of nc to 10c was scored.
| At the close the market was steady around
inside figures.
Flaxseed.
day. sellers being absent. At the close there
was a small lot of Sept. delivery offered at
| 4c above what was asked yesterday. Aside
| from this little or no offerings were noticed.
The Northwestern markets were a shade
easier. but this had no effect here. Local
receipts showed nothing and nothing was
shipped out Minneapolis got 10 cars and
Duluth 4. No. 1 Northwestern was held at
$188; rejected $.S291 "a; Sept S1.4S bid; Oct
$1.42 asked. Sill bid.
Timothy and Glover Seeds.
There was an upward tendency to-day
with good buying orders On an advance of
| and reaction of 1Oc followed. Near the
| close the market was inactive Cash values
| were nominal. and they hardly followed
| futures. Early in the game a little Sept.
| sold at So and Oct. was .quotably the same
as Sept, but no trading was noticed. Poor
to choice sold at s3.40I4.7 10; fair to good
nominally "a 40G4.55; common rough seed
nominally .$4@D4.25 contract, old, nominaly
| 4.60G4. 60.
| Clover-There is no news on clover. the
same nominal market quotable There was
| interest shown the dry har