The St. Louis Republic., 1900-09-08
WHEAT CLOSED HIGHER
IN THE CHICAGO PIT.
GOOD SHIPPING DEMAND FOR
CORN.
Five Hundred Thousand Bushels
Taken-Oats and Provisions
Closed Firm.
REPTBLTC SPECIAL.

| REPUBLIC SPECIAL.
| Chicago, Sept. Notwithstanding the
| higher rate Of freight commanded. both for
lake and ocean tonnage. large business
| was done for export at the seacoast and
! for shipment east from Chicago New York
! reported Il boatloads sold for export. and
| ruG!n Cor aOn0to bu. was taken here. That
| caused wheat To close firm at lsai4c gain
on Yesterdays prices. Corn was in good
! shipping demand also. with J0o,0o9 bu. re-
ported taken. and it closed firm, as did
| likewise oats and provisions.
| Whent.
oct. wheat ranged from 73tsc to 1880. and
, closed 1T IS'ap737sc compared with 73asc
| at the end of yesterdays session. NOtwith-
| standing scarcity of vessels. room was
| taken to ship 540Wo bu. at from l4c to 2sc
over yesterdays rate. some of the boats
so chartered not having yet arrived.
! The wheat market was tirmer and higher
| to begin with than at the close Thursday,
| the transactions in oct. wheat being 1T
| from I514c to 1850. compared with 73Ssc
| at the end of yesterdays session. In the
| course OF ten minutes from the start the op-
| enng gain had been rubbed off. and the
market after that settled down for pro-
| tracted rest. The one especial point of the
| early market news was Il remarkable fall
| ing off in the volume of Argentine exports.
which amounted to only 10000 bu. for the
week. as compared with S9i,G0 bu. the pre-
cecding week and $4,000 bu. the
| similar week Of the year previous. IL
WIS due to that apparent ''portioning out
| Of Argentine reserves that the opening squirt
was made possible. FOR otherwise the gem
,ral bear.shness prevailing would in the alb
rn. stf
have caused an opening of 4 different char
acter. The Chicago receipts were 32S cars
Minneapolis and Duluth got iS3, in COM
parison with S2l last year. The falling OH
ut the latter places was especially notice
able in the receipts at Duluth. only 30 car
loads being received to-day. as against oS}
cars q year ago. Duluth is the market
from where the deficiency of this years op-
eniUg wheat crop will be most distinctly
traceable. for the necessities of the Min
neapolS millers will cause them TO reach
out into Nebraska. Iowa and Kansas. as
they are doing already 10 supply themselves,
so that the flilure' in the Northwestern
sections of North Dakota and Minnesota
will not be so distinctly visible In COM
parisOn with the number OF cars that came
to hand the yelr previous.
The aggregate receipts of wheat at West
ern primary markers were l,2il.VoO bu., as
against l.OSa,oO bu. the like day of 1879. sea-
board clearances were equal IN wheat ana
-four to 2700o hu. Liverpool clcsel ia
higher than i, did Thursday Paris was
unchanged To &c bu. lower. Spot wheat
al Liverpool WAS reported 12d lower. Wealth
,r abroad was said TO be fine, and Argentine
reporJed fayorably of soWn wheat. The
general tenor of reports from the seaboard
was that export business was all but I'M
possible on account of scarcity OF ocean ton
mage, ard somewhat similar state OF al
fairs existed here regarding scarcity OF lake
vessels.
Corn.
and Oct. deliveries the greater part OF the
day that characterized the market Thurs
day. No better response made from the
country To the bids sent out by receiving
houses, together with the continued excel
Jepce of the shipping demand, gave further
confidence TO the local bull party in the cor
rectneSs of its attitude toward the market
as far as concerned the deliveries for Sept.
and Oct. The brilliant prospects for the
growing crop and the premiums offered for
the immediate delivery of old corn should
bring IL out In large quantities II 1t pient-
fully existed, and its failure TO come for-
ward under such Inducements was taken as
pr umptive evidence OF general scarcity.
Business in the pit wac extremely dull. the
traders who are free of the market prefer
ring to keep away from the near deliveries
and the discount Of the more distant months
being too heavy TO invite much speculation
for a fan.
Local receipts were 32l cars, and the total
at the principal markets in the West was
$4,000 bu., as against ias,v9 bu. the year
previous. The seaboard clearances were
% OOe bu. Argentine shipments for the week
amounted To 11S,OvJ bu., as against $4,000 bu.
the week preceding and 1.06iG0o bu. the cor
responding week OF the previous year. E-iv-
erpool closed at the same prices for both
spot and futures as II did yesterday. Esti-
mated receipts for tomorrow, so cars.
Sales for shipment of 5O0OQ9 bu. corn were
reported, although the C. /. I. brokers were
for the most part idle and cast "A doubt upon
the genuineness OF the business reported.
Oct corn opened at 3Sd3Sisc. advanced to
sSS.c and closed at 3Sli J3Sssc, or isGi i4c over
final prices yesterday
Oats.
The oats market was dun and feature
leSs, with general frmnesS in It's tone, but
exceedingly little alteration In price. The
receipts were fairly liberal, but were ab,
sorbed readily. and. as a rule, are proTided
with a billet before arrival. The days IN
spection returns showed receipts of i53 cars.
and 4I0 were estimated for Tomorrow. The
range for oct. delivery was from 2li4c to
2lssG2lisc. opening at the first and closing
at the latter. Sales for shipment OF L0OcJ
bu. were reported.
a feeling of steadiness prevailed In the rye
market to-day, with moderate demand
and light offerings, which were mostly damp
grain. There was fair export deInanu,
ket nothing was done. Sept. finished at
J0i4c, Oct. 5ei.c, and Dec. 52c. Receipts were
8 cars, and shipments nothing. Exports
out of New York amounted TO nothing. A
car of No. grade sold at iSc. Withdraw
ais from store amounted to ll,6So bu. of No.
. rye and 2l.3f9 bu. of No. quality taken
out of unlicensed elevators.
Range of Futures.
Articles ppauIug High Lowest. Closing