The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-07-13
RIG GAINS IN PRICE AND ALL
MARKETS WERE BOOMING.
Wheat Up Over Three Gents, as
Was Corn-Oats Over Cent
Higher-Gains Not Held.

WOuSiN lllerSSleG ou tliS Jun sAaS. oAiN eiA~
dealings were largely. increased. This was
especially true of wheat. which has re-
sponied freely the past day or two to the
weather conditions and more particularly
TO the recent buiges in the coarse grains,
and tie hivher-priced cereal was in as ex-
cited a condition and nearly as wild as
corn, which continued TO hold the SUI
premacy. An urgent demand was had Tor
wheat right at the start, and the market
opened up in q very excited state one rea-
son for this was the runaway condiuons
prevailing In corn and higher cables, show
ing that the other side had finally awak-
ened to the fact that there was something
wrong on this side. The factors besides
those mentioned outside of the big receipts
were generally bullish. and included advlces
of not winds IN the Northwest aha M. fe Wosts
ern farmers were refusing to sell. and cat
tie and hog feeders We're using wheat Ior
fodder. as 1t was cheaper than corn. me y $,
opening for the Sept. option here was sc
up at 63gsc. and II at once jumped to SStsc
and then went to 6f,zc without break.
Dec. sold at 76lsc to TIC. Reports from
eign markets were advancing on damage
to the crops on that side. Liverpool closed
la@lsd higher for the day. and Paris was
up lhqlse Naturally .hese Sao ,,n,a Kee.
Sept. selling at 65ssc, July selling at 6ilsdA4c
and Dec. being bid 6s9sc- Continental mar
kets were firm. though Antwerp was un.
Berlin was up 1lsc. The days clearances
OF fiour and wheat were small at 2S6OW
bu. The fact that exporters were large buy
inspired a still stronger market and Sept.
advanced from 65A4kc bid to 66isc July
was In demand by shorts, and It advanced
to CSC. Dec: having Ss,sc bid. Prices held
longs developed weak spot. and Sept.
closed with sellers at csc July sold at
651tc, and at the close 6oNc was asked:
Dec. was bid as high as 6lG6llsc. but closed
at sssc.
The send-on given to corn yesterday
morning was tne one Of the anq
since the late boom started, the initial sales
in Sept. being at lssc to csc advance. that
option selling in different parts of the pit
at $40 to 64c. That the pit was In an
uproar Of excitement with everybody clam
oring to buy goes without saying. and the
advancing tendency did not stop until Sept.
reached 543sc, when 1t fell back on heavy
realizing by longs It was the weather that
was the chief influence in bringing about
the high priceA Hot and dry was the re-
port from nearly every section Of the cou ns
the weather map held out no prospects for
relief. and the reports on the crop were
the worse ever received. Outside orders
trader was as eager as the countryman. On
the realizing sales that were made by
longs desiring to take profits the market
but when the selling ceased the market i'm.
mediately reacted. and Shows builish crop
report sent Sept. flying to 545sc. The Liver
poa on1 % su in the day thees
was q let-down to bl11c for Sept. but good
buying sent that option up to SAC buyers
at the close. July sold at &c and closed ut
63he nominal
Oats. like wheat and corn. were excited
and largely higher. which was to be ex-
grains and the bullish character Of the
crop news. The opening for Sept. was &c
higher at 34Ac. and it advanced to 3fsc.
which prices tempted traders to take profits.
and SO much came on the market that the
above option declined to ss7sc sellers. but it
rallied on Shows report and the second
advance in corn. Receipts were very light
May sold at SIC, and for July 34kc was bid.
There was another advance late. and the
close was strong at aizo bid Sept and
$50 bid for July.
Traders' Gossip.
Whiting to Dickson CUNNINGHAM, under date
raposts less q froa. Kss
sia, great heat having been experienced, which
vas y shs gram
RAISING distriS. Of the voisA Rains and flood
to .s guilty. :. aasnsy could not p Se Tedu s
A slight Improvement for what was left OF the
s:sa oeSsiS ::Rs.s Ell :1.,ss :ssd!ss shes:d
eIs SassvoesSis eo@plsinss inersasins s1om
centr ana ,sa$t and even from districts in the
ssos ID 1scrsase ana crop not likely to eseesd
last yeers much but outlook for corn bad. and
.shs asin. ass weh woS
md nnsss india s1pecsed to Saye Sa
wheat for export but all depends upon the price
-Liysrpool cables, Basing their figures on the
French Govnnnent report issued to-day the
ers the h total winter and
Mss Ses su ssR q Hae, q
estimates II at 2ss.6oo.0oo bu These compare
about sszdacao the two years. s previous. 0o ana
Lincoln. Neb:: Thursday was fourth day of
abnormal beat. Eject on corn q probiematical.
Il 10 claimed oats and potato crop are in two.
Des Aoines: Best advices are that as yet no
ss Or hs has ss, e Is oa but Il s
mean bad losses for both oats and corn. St Paul.
IN River Tss ahsT. t
fields ars new being treated to Intense heat
E;Iku.stsn crop losses: There is no longer the
crops he tolsa Govefnments Of Amasa q s. !ne
has BEEN & many nSu Sdner sns riots
ieal heat over tie whole district
The Danubian States are taking advantas~ Of
snd are selling and shipping at an unusual rate.
= ss create. q sSs
sss.Ds.s: EFT Is. .s az "a sS s.
Snow. in the Orange Judd Farmer say. the
drought District now Includes southwess Hi.
prospect 1. already appaTent In addition, q :
danger ns Of .a ns's s,sGs,
prompt relief VIII 60 back rapidly. Kansas and
snd n fa q per nos
make over 2 half crop. The tarritory now in.
when the crop declined - points in july i. t In
DAMAGE to oats since July 10 almost as great
Il that 81 @ Hss as Ssn
less severe than now. the crop lost 2 points be
sTnr 'p bS p ad Ssss spns less
G The Modern Miller outlook: In parts of Mis-.
souri, and Kansas farmers are holding thejl
some sections wheat is now being FED to LIVE
stock IN Place Q, corn as \ IL relatively eheape,
= grades below No. 2.
,essOoo Du Dor two days = week ago. sis
su. year ago. and 7ss .0eO bu. three years ago
shipments We're 224. 0c0 bu
Corn reeipts at primary markets. lbsooo bu
at St. Louis. against e. 500 blu. last year Primars
against 57:o bu. one year ago St Louis re.
psaEv sSi go s ss. d bu last year
:|Letters received by LAngenberg Bros iron
sntsa a ana sSnthwsss Missouri and from Kan
burning up the crop about fala9e sna
markets. az they could realize more from stoci s
whsat shipments this week, ssA.
90 bu.. aEsinst EGG. 90 bu- last week and 1.lss.