The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1902-06-07
GRAINS CLOSE HIGHER
ON OUTSIDE DEMAND.
EARLY NEWS DISTINCTLY
BEARISH.
Secretary Wilson's Address Ap,
parently Has Little Effect
on the Market.

Yesterdays session was dull, with little
outside interest and very light trading on
the part Of professionals. Despite the rath-
er bearish talk by Secretary OF Agriculture
Wilson on his visit TO the exchange, both
wheat and corn advanced during the last
hour and closed fairly strong on bullish
weather and crop reports.
Shows weekly crop report says: winter
wheat's condition has improved fully 0
points during May and IS now above the
average of a series OF years. Kansas holds
its own. while all other important states
make higher showing. Spring-wheat acreage
is short of last year by about L.WV,V0 acres.
The condition Of the crop is very close TO
perfect If present conditions are main
give about 100000 bu. and spring some
thing slightly above 800, 100000 or a total
of IL, O10,U against 100000 in 1901: Oats
have developed rapidly and now show a
condition above the average at this date
upon area, there being 1.ooJ.O0o acres in ex-
cess OF last year. Preliminary corn returns
indicate an acreage nearly 10 per cent above
that harvested last year. or above 100000
acres, with a present crop promise entirely
The Modern Miller in its weekly outlook
says: Excepting that there was too much
rain, particularly in the section west of the
orally have been favorable. Damage by
floods In the bottom lands Of the Southwest
tered sections. comprise the bulk Of the
complaints, and none was of q serious char
acter. A few reports OF delayed harvest
have been received, but as a rule harvest
ing is progressing favorably in the south
ern part Of the, wtnter-wheat belt. and is
gradually extending northward"
July wheat opened &c of and sold at:
sS a. ssSSssHs, SsHs ssSS SIS, s2s Si,s sts.
ssES ssaassEe:u ssss,- s. asssc' ssise. $50.
sSd. 6sssssS 90 ils%S $40:
for the past week reported at 1471.cO0 bu..
against l,Ol2,Go bu. 3 week ago, and 1,18,0O
Blu. a year ago.
Corn speculation wal only fairly heavy
carly In tho session, but toward the close
there was an excellent cash and outside de-
mand.
and there was brisk spot buying, mainly
for Southern and Southwestern milling ac-
count.
July corn opened unchanged and sold at:
sept..s5&c.- GSc. &c. 55Ec. $50 Sc $40
'S B6sc.G Us '1 &c. .o4o. 4o.a
Receipts of wheat at st. louis were %. 0s7
6u:, Of which 80 sacks and g cars local and
! car through, against 24.&o buy Of which
30 cars local and l car through In 1901
Receipts Of wheat at primary points were
Ss7,0 51 bu., against 5000 blu. In 1901, and
shipments were 1888 bu., against 259, 900
Blu. The Northwest received 2s cars, against
SA cars last year: Chicago reviewed B,S75
ances were 2S6, 900 Blu.
Argentine shipments of wheat to Europe
for the past week reported at So, 900 bu.,
against $4,000 blu. a week ago. and 1,022,000
bu. a year ago.
Receipts OF corn at st. Louis were $500
bu., Of which II cars local and Is cars
through, against 5000 bu., Of which go
sacks and 50 cars through in 1901.
Receipts of corn at primary points were
asa 46S bu-, against $4,000 bu. in 100, and
shipments were SO5, 16o bu. against S&0c
bu. Chicago received 1S,s25 bu-. and Kan
sas City $500 bu. The clearances were
5000 bu.
Receipts of oats at St Louis were $500
bu., Of which 20 cars local and IS cars
through, against 1900 bu, Of which %
cars local and 8 cars through in 1901
Receipts OF oats at primary points were
Eo,36s bu.. against $4,000 bu. In 1901, and
shipments were 5l5,0n bu., against Boz 900
bu- The clearances were 1900 bu.