The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-07-07
GRAIN VALUES HIGHER
ON WEATHER PROSPECTS.
HEAT AND DROUGHT IN WIN
TER BELT.
Corn Advances Despite Bearish
Conditions on the Strength
of Other Markets.

All of the active options, scored gains in
yesterdays local grain market Higher
cables and prospects of warm dry weather
in the winter belt acted as an Offset for
reports of the breaking of the drought in
the Northwest. Light local receipts also
encouraged traders to buy back the grain
which they had sold in advance of two hoii-
days. Though offerings at times were
heavy they Were merely by forced-out
manipulators and closing prices were at the
top.
The visible supply of wheat for the past
week decreased l.4S9o0O bu., against de-
crease of 63S. 600 bu. in 1902 st. Louis stock
decreased 900 bu. and Chicago decreased
$4,000 bu. Total visible supply 15.9I0,00)
bu., against 17,459.IO bu. week ago and
100000 bu. In 1902
Wheat on ocean passage afloat for Eu-
rope the past week S0.iS0,G0O hu.. against
% 10000 blu. week ago. Decrease 1,760.-
0oO blu.
Worlds shipments of wheat to Europe the
past week estimated at $4,000 bu., against
1035S,0cO Blu. a week ago and 6l563,eoO bu. in
1902
Sept. wheat opened unchanged and sold at:
72Ac. &c. 7shsc. 7r4c 741sc. 1855 14ssc, 54i4c
Tic. i4,sc. lie 7i4sc. silac. 74Esc. ii+.c.
Weather conditions were generally favor
able for corn, and Shows report was rather
bearjsh. The strength of foreign markets
and brisk buying in Chicago caused q sharp
advance here Elevator people were coed
buyers of contract grades.
The visible supply of corn for the Fast
week increased 10000 bu.. against an i'll
crease of 225,0l0 bu. in 1902. st. Louis stocks
increased 5000 blu. and Chicago increased
317.0O9 bu. Total visible supply 7,2lS, 900 bu.,
against 5,96ld bu. week ago and $751;
90 bu. ii 1902.
Corn on ocean passage afioat for Europa
the past week 1s,275,0e0 bu., against ID. 80
600 blu. a week ago. Increase 2.125.0o0 bu.
Worlds shipments of corn TO Europe the
past week reported at 5,223,000 bu., against
5,leoO0O bu. week ago and 5,Sl6,e0 Blu. in
Sept. corn opened &c up and sold at:
4s2.c. 4s7sc. 49c. 49Isc. 49i4c. 4sSc. 49Ac. 49Ac
She. 4s5sc. 4s9tc 4sssc. 4s2sc. 4s5sc.
Receipts of wheat at St. Louis ISL 2s2 bu..
of which 5,lO2 SKIS. and las cars local and
1903 SKIS: and 2O5 cars local and Is cars
through, in 1902.
Receipts of wheat at primary points 974-
600 bu, against 1,325. 600 bu in 1902, and ship
west received 7S1 cars. against 95S cars in
1892. Chicago received $685. bu.. and Kan
sas City 1890 bu.
Receipts of corn at St Louis 26,315 OF
which Sc SKIS. and 237 cars local and 50 cars
through. against $500 bu.. of which 90 cars
local and 10 cars through in 1902
Receipts Of corn at primary points 10000
129. COO bu.. against I46OO bu. Chicago re-
celved $500 bu., and Kansas City 8. 30 bu.
Receipts of oats at St. Louis 231 $50 lbu.,
cars through. against 81 1876 bu.. Of which $40
SKIS. and As cars local and Is cars through.
in 1902
Receipts of oats at primary points 123,o 600
bu.. against $4,000 bu. in 1862, and shipments
7S3 $50 bu. against $1,000 bu.
The visible supply Of oats the past week
decreased $4,000 blI.. against a decrease OF
5000 blu. in 1902. St. Louis stocks decreased
against 1855, Coz bu. a week ago and 1.5s5. 900
bu. in 1902.