The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-06-12
FUTURE GRAIN PRICES
AGAIN CLOSED STRONG.
WAS EASIER EARLIER UNDER
FREE SELLING.
Government Report Indicates
Largest Wheat Crop
Ever Raised.

y mixed feeling was manifested in the
wheat market throughout the session yes
terday. and speculative values throughout
the day were of the see-saw order, with
final figures, however, showing July at a
fraction advance. and Sept. at slight de-
cline. The Government report for June
showed slight decrease in condition from
last month, but higher than last year. while
the prospective yield is much larger than
any previous year. In line with the curb
markets of the previous day the opening on
Sept. was fractionally stronger. but there
was so much for sale later that prices
worked sharply lower. European markets
not Influenced by situation on this side. The
sensational political situation in Servia also
without effect. Later in session renewed
buying by bulls caused shorts to run to
cover. and prices reacted and the close was
firm.
The Cincinnati Price Current says that
winter wheat has shown further divergence
in condition. but deterioration apparently
about checked and still slightly above
average.
July wheat opened &c lower and sold at:
7sss. se Sc Sic SIC "a Z c 7ss SIC
Sept. wheat opened steady to &c higher
and sold at:
-, 7slsc 81 5a,se 5s.c Sse 5sEc. :s.e s2c :2c
Use. Is7sI1sAc. 13sc. 7:Ssr7sc. 721sc. I23sGi3c
At the start July corn was strong and
higher. while a verv firm feeling prevailed
induced by buying by shorts. The strength
to be supporting the market, and cold
weather and frost reports from Iowa and
some other sections of the North and West
the factors. Later the selling pressure was
too much. and valued weakened. but the
rally in wheat and the frmness displayed
elsewhere resulted in a reaction and a
md hiphc fr{c
The corn acreage is probably per cent
less than last year. says the Cincinnati
Price Current in its weekly summary. Ear
| ly planted generally good stand. but very
weedy.
July corn opened 7s@hc higher and sold
at:
Sc s.sc; SIS; sse. 47ssc. 47xc. 47ac. Eac
Sept corn opened &C lower and sold at:
46lzc. i7lsc.
Receipts of wheat at St. Louis s.4s1 bu..
car through. against 1853 bu.. Of which
557 SKIS. and IS cars local and % cars
through in 1902.
Receipts of wheat at primary points 2a5.-
0oJ bu.. against 2240OO bu. in 1902. and ship
| ments 10000 bu.: against $1,000 Blu. North
west received 1873 cars. against 1854 cars. in
| $4,000 BIZ
Receipts of corn at ST. Louis 80 400 bu.. Of
| which IL cars local and q cars through,
against 4.400 bu.. OF which cars local and
cars through. in 1902.
Receipts OF corn at primary points A.
900 bu.. against 81 900 bu.. in 1902 and ship
ments $4,000 bu.. against 1900 bu. Chicago
received 327. 800 blu. Clearances 5000 bd.
OF oats the Cincinnati Price Current IN
\ its weekly summary says: They are show
| ing improving tendency, but still below av-
erage.
Receipts of oats at st. Louis 1850 bu.. OF
which all were local. against 1850 bu., OF
! which Is cars local and cars through in
1902. Shipments $40 bu. Samples on trk.
held higher.
Receipts Of oats at primary points 81 900
bu-. against 25S.000 bu., in 1902. and Ship
ments 2O1, 900 bu., against A7.O00 Blu. Clear
alces 1900 bu.