The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-07-02
HEAVY WHEAT SELLING
CAUSES PANICKY CLOSE.
CORN VALUES ARE ON DOWN
TURN.
Rush to Sell Causes Big Slump in
All of the Active
Futures.

Wheat prices went to pieces In yesterdays
market. There was the heaviest selling of
the year and some of the late bulls threw
all the grain they could get rid of on the
market and pulled out with losses rather
than meet persistent calls for big margins.
In the frenzy to sell legitimate market news
was ignored. Though local receipts were
light, the reports from the winter wheat
belt were generally favorable. Foreign mar
kets were easy. but rot decidedly weak
Everybody seemed to be on the selling side
until late in the session. when private-wire
advices that no rain had fallen in the Red
River Valley checked the downward move
ment. Toward the close trader who has
been called the leader of the local bulls
threw immense quantities Of grain on the
market.
Sept. wheat opened Lice off and sold at:
Isc &c. 1850. I61.c. 75ssc. 76ssc. .sAc. !e,sc.
is5se. use. 5sss 7s.e &c 5s;.e: SIS. iss.e.
sc. &c Is 4e 's .e ss as as e .e
Though there was some bullish news out,
corn was weak in sympathy with wheat Re-
ceipts at primary points were heavy, and
there was little outside demand. Foreign
wheat caused similar movement In the
coarse gram.
Sept. corn opened &c off and sold at
49s4c 1916. 5Oc. 5Oisc 50i.c 50lsc Soc 5ol.c 5Os
daottc. 5Oisc, JVc. iy;sc. i9alc.
Receipts OF wheat at st. Louis were g POI
bu.. of which 2.1M SKIS. and 26 cars were
local and car through, against $3.50 bu..
OF which $3.50 SKIS. and % cars were local
and "a cars were through. in 1902.
Receipts OF wheat at primary points were
s ss9 bu assSs, $1,000 bg in l and b
Northwest received 1855 cars. against 2l7
cars in 1902. Chicago received $3.50 blu. and
Kansas City 400 bu. Clearances were 49,
90 bu.
Bradstreets reports the available supply
OF wheat east of the Rockies for the past
week at 1.2l9,00o bu. decrease and stocks
In and atioat for Europe decreased 10000,
making the worlds visible supply decrease
Z,'l9,Ve bu., against decrease of 3,66s,On
1902 '''N ''-'''''' ''' @eSle''-'e 40
Stocks of flour in St. Louis on July re-
ported at 1850 bbls.. as compared with
4o, 100 bbls. on June l. Number Of bbls in
spected during the month S.Oo7.
Receipts of corn at st. Louis were $500
bu.. of which Il cars were local and Is cars
through. against 1ii00 bu.. of which II cars
Receipts of corn at primary points were
101.Cco bu.. against $4,000 bu. in 1902 and
shipments 5000 bu.. against 1900 blu. Chi
16.001 blu. Clearances were $4,000 bu
Bradstreet's reports the available supply
of corn east of the Rockies for the past
week at 1.3s3el0 bu. increase. rs against an
increase of 1.f2O.CcO bu. a week ago and an
increase of 10000 blu. in 1902.
Receipts OF oats at ST. Louis were .2J0
bu.. OF which ) cars We're local and 10 cars
through. against q COO bu.. of which IL cars
We're local and cars through in 1902
Receipts of oats at primary points were
$4,000 bu., against $4,000 Blu. in 1902. and
shipments 329.co) bu. against $4,000 blu.
ClcaranceS were 1900 bu.
Bradstreet's reports the available supply
of oats east of the Rockies for the past
week at 10000 bu increase. as against, a
decrease of $4,000 blu. week ago and a de-
a