The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1902-07-01
CONTINUED RAINS STRONGLY
INFLUENCE GRAIN MARKETS.
COUNTRY GENERALLY GET
TING ON THE LONG SIDE.
July Corn Jumps ? SIS Over Satur-
days Close-Wheat and
Oats Strong.

Chicago. June SIN the grain pits to-day
the dominating influence was the rain
which has fallen since Saturday TO Hood an
already soaked country. The dry spots on
the map were 50 few as to scarcely warrant
attention. Wheat closed lac over Saturday.
corn li=c TO csc ap. oats lLPsc to 1 c
higher. and provisions 2i=c to 1l=c improved.
wheat.
Sept. wheat. in which option the bulk
Of trade was transacted in the wheat pit,
opened sc TO Iz.c higher. at TsLc to Ts.c.
Of 4 rain-scared crowd OF shorts Although
not needed for the purpose. a decrease OF
report that France would nave to do some
steep Importing. owing 10 a prospective LATE
European harvest. acted as auxiliary in
side. there were two OBSERVATION-DISCLOSURES
Liverpool cables and the feeling that the
rain must finally cease. Trade was heavy
during the nrst hour. but the price did
Eot get outside the opening range. nor did
u during the remainder Of the session,
when the volume Of transactions decreased.
Inc close was strong. Sept lisc up. At I5sc-
The visible decreased l.S75.o0p bu. Sea-
board ciearances in. wheat and Hour were
were sST.Oc5 bu.. compared with Ss.eJo
bu- a year ago. Minneapolis and Du-
luth reported 4s5 cars and Chicago -
with five Of contract grade.
This made a total for the three points OF
~ cars. against i2 last week, and 81 q
year ago
Corn.
Corn was excited and the feeling nervous.
but prices exhibited buoyancy which refused
to be dulled. even when the manipulators OF
The July delivery dumped Sept. into the pit
in imposing quantities. July corn startled
behciders by jumping to T=sc. the highest
price IN ten years. \ duel in the Sept. op-
ton enlivened the opening hour. The ma
nipulators OF July began selling Sept. but
the representative OF an influential house
stood close and nonchaiantly absorbed any
thinS offered The excessive rainfall caused
much fear Of irrepaTable damage to the
ment and a deterioration in the grading al
most certain. While interest in July was
keen. owing to its high price. the biggest
part OF the trade was in Sept. There was
naturally much prCfit-taking on the upturn.
but generally commission houses We're ON
the buying side. indicating that the country
Is getting on the long side OF the market.
Receipts were 80 cars. The visible in
and use. and closed strong. 2ssc over sat
urday, at 12izc. Sept. ranged between &c
and 65ac, closing lisdSc up at &c
Oats.
Oats contributed their share 10 the bull
excitement. prices advancing sharply on
unrestrained buying by almost all interests.
The weather was. OF course. the influence.
It was said that the deluse threatens even
greater damage to oats than to either
wheat or corn. A strong cash situation
augmented the sentiment on the bull side.
Shorts engaged in a lively covering move
ment at the opening. Proft-takinE followed
ard forced prices back for 4 time. but later
buying was renewed. and the market closed
firm. Receipts were SO cars. July sold be-
tween 41hc and 4sAc, and closed lS.c Up
at Sic Sept ranged between 3fsc and
l=I.r and closed II. 80 IN ar 40.