The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1902-07-03
CLEARING WEATHER CHECKS
ADVANCE IN GRAIN PRICES.
DESPITE ADVANCE. JULY
CORN DEAL Is NEGLECTED.
ChiragO Wheat Bears Sell Lib
orally, in Concert With the
st. Louis Contingent.

Chicago. July 1.-The grain markets we're
distinctly quieter to-day. although nervous
ness over the weather and crop damage
were still apparent. Signs OF clearing
weather In the West were influential in
checking advances. The July corn deal was
neglected. July wheat closed nc higher:
Sept. wheat &c lower: July corn lac up:
Sept corn i4c lower: Sept. oats i4c down.
Provisions closed 2Lzc lower TO 2i=c higher.
Wheat.
When trading in wheat began there was
more To show. showers having fallen libeT-
ally during the night. Commission houses
bought. and Sept. duTsg the first hour ad-
vanced TO 75NEg754Sc. This proved 10 be the
highest point OF the day in this option
thanks 70 their strenuous exertions OF yes
terday. and scattered reports that the
weather was getting clear in the West
found the market ready for a reaction. Lo-
cal bears sold literally, and ST. Louis add
ed 10 the pressure. The quantity disposed
Of was no5 heavy. but Sept gradually re
and thereafter the market ruled steady. At
one time Sept. got back to E4sc. but the
The high point OF July wheat was Ike.
This option ruled comparatively stronger
snan Sept. owing chiefly 20 the action Of
an Important house. which sold Sept. and
bought July. July. however. participated in
the easier tendency. and following the
bulEe worked down to T+S.q5iTsc.. The de-
~---~ 80 49, ~ AN~ NAHAAA6 NAA-
when this let up. prices steadied. and the
close was &c over yesterday at 1Sisc. Sea
board c~lsarances were $500 bu-, and pri-
mary receipts 43.Wo bu-. compared with
s5Z.Op bu- last year. Local receipts were
"A cars. l CT contract grade: Minneapolis
and Duluth reported ZH cars. making a to-
tel for the three points Of Dol cars. against
10 last week, and ll a year ago.
Corn.
The July deal in corn was comparatively
neglected Not more than 1900 bu. were
handled during the entire session The
smallest Packages OF this option were suffi-
ket. like wheat. ruled strongest early. while
the effect OF last nights showers was the
chief consideration The trade IN Ssptem-
Der was only fairly active, and during the
afternoon II became quite dull. The lit
looks like clearing up messages which
were eagerly scanned. Joined with the nat
ural tendency to take profits while they
were sure, kept September prices down.
July stayed well up because the firm which
has the supply tucked away did not choose
TO sell II any cheaper. July sold between
&c and 76lzc and closed 1ssc higher at ~.
September sold between &c and Si.c, clos
ing NC under yesterday at 6Ac- Receipts
were IS cars. There were transferred 70
public elevators Ill cars OF contract corn.
Oats.
Oats opened higher with the other mar
kets. but developed an easy undertOne
earlier than the leaders. The easiness was
due chiefly TO liquidation by interests which
bought freely yesterday. There was also
selling in sympathy with the other cereals.
There was a good scattered trade in the pit.
September sold between Sc and 3SLc and
closed steady nc lower at SAc. Hecelpts
were i8 cars.