The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1902-06-07
FEARS OF WET HARVEST
HELP BOOST GRAIN PRICES.
WHEAT. CORN AND OATS N
UPWARD MOVEMENT.
Provisions Go Higher on Account
of Demand for Repacking Pork
Buying Is General.

Chicago, June 6.-Fears OF a wet harvest
in w~inter-wheat. very small sales Of corn
by farmers. n sharp cash demand in oats
and a call for pork TO repack for old stuff
stimulated buying in all the speculative
pits on change to-day. Trade was large
" limited to the professionals and several
crop reports had a. dampsniug effect on the
4, spirit OF the bulls. In the end, however,
July wheat gained LQbc: July corn &c.
July oats ssc. Provisions closed 2i=a5c 10
Il24-Oc higher
Wheat got a firm start from the appear
ance OF the weather map. The southwest
had too much rain ana the entire Western
wheat and corn country reported coPiouS
hower This caused talk of L wet mar
vest, rust and other damage to crops
Cables were weak. following Americas de-
cline yesterday. but July opened a shade
higher TO unchanged, at Issc TO liel>sc,
and sold to &c. Shows report that the yleId
Of both winter and spring crops would ap--
proximate T25.U0v.GJ1 bu., or only 25.Oc9.@9
In, under last wears enormous production,
was like a wet blanket Bears sold, buliS
stopped buying for the time and July SANK
provement of ) points in the June condition
ard stated that the spring wheat was IN al
most perfect condition. save that the acre
age was LOO CO. less than last year. COndl-
tf0ns inherent to the pit were mostly bear
ish, but they seemed to nave little elect
Receipts were liberal, the cash demand was
YER Door with prices shaded mere ana At
Duluth. The outsider was not in the pit. The
wet weather talk, however. with firmness in
corn and oats, helped wheat and July
reached well after its CLIP, closing hrm. t4Rg
cars, none of contract grade. Minneapolis
and Duluth reported 25S cars, making a
total for the three points OF ~ cars. sans
407 last year. Primary receipts were &4.-
80 hu.. compared to $500 bu. last year.
Seaboard clearances IN wheat and hotr
equaled $4,000 bu. Argentine ShlpfnehtS
were 6SS coo bu.. against 3S2.C01 blu. last week
and I,0S2.OJ0 bu- 4 year ago. Export &c
mand was almost dead.
Corn.
Corn trade was good and bullish crop re-
ports stimulated good buying that brought
a strong tone. Early in the day July was
strong on support by the big bull interests
and Sept. was weakened by st. Louis sell
ing. Later the latter option came IN Tor
ing was largely by locals and was scattered
Country offerings continue very light, farm
ers offering very little. Movement sup
posed TO be retarded TO some extent oy tne
wet weather. although to-morrow's receipts
are expected TO be $50 cars. The excellent
support the market received offset all bear
ish influences. and July sold up to DC ana
closed nrm. &C up at 624p62tsc. Receipts
were 237 cars. Snow reported 100000 acres
planted in corn this season, and the present
promise of the crop entirely satisfactory.
Oats.
Again oats were the strongest of the
grains. General buying OF July new and
Sept. new set In early. The latter option
was specially active. Advances of almost
1c were made easily. As on the last Few
days. the good cash demand was the In
fuence. Shorts. who thought selling OF new
crop was safe. covered freely on fears OF
rain damage 10 the growing plants. Re
ceipts were again small at 80 cars. All
told. the market was an active one and was
BY the other grains. July sold to SSssc. ana
closed &c up at 5S<c.