The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-10-17
BUSINESS INACTIVE
IN GRAIN MARKETS.
WHEAT RECOVERED SLIGHT
LY DURING THE DAY.
Corn and Oats Were Firm-NO
Trading in October Pork, Though
Price Was Lower at Close.
SPECIAL.

~ 'btic SFEC1A1-
CHICAGO. Oct. 1G.-Wheat recovered nc .;
yesterdays decline. Corn and oats were
firm. the former from 2Sc to sc up. and the
latter gained isai4c. Business In the specu-
lative grain markets was generally inactive.
In provisions there was no trading In Oct.
pork. although the price at the close was
quoted nominally 81 lower. or sla per Dbl.
Lard for oct. was exceptionally weak, just
as oct. ribs were the day before. and 1t
looked AS If the leaders in the trade were
taking. through those commodities. a shot
at manipulators of oct. pork.
Wheat.
Liverpool features did not respond In full
to weakness OF Yesterdays Chicago wheat
market. and so sensitive il speculative SEN
timent here that, on such trivial grounds. as
far as generally known at the time. opening
prices showed from lac to 10 ecovcry from
the closing nsurcs OF the day before.
There was nothing else to account for the
number Of buyers willing to pay from 7ic
In EiiSc at the start for Nov. wheat, as
against sellers AT 1S7,c as yesterdays ses-
Sion was coming TO 4 close. and for from
Use to ,5c being bid for Dec. as against
If'=Ats"-c yesterday afternoon. If the above
suggestion us TO the reason for the opening
advance. Is deemed insufficient IL was at
least the only phase Of the early market
information open to suspicion The spot
wheat market at Liverpool could not be
accused. for while futures Were only from
I'd to l4d down there was '@d decline in red
winter wheat and li.d decline in each Of the
No. l Northern American spring and ArGen-
tine varieties. Nor could the quotations from
Paris and Antwerp be suspected of con-
trihutins to the mysterious change over
night I'm the views OF spectators. the for
mer noting a loss Of sc Il bu. in value OF
wheat for the current months delivery, and
the latter the much more material decline
q! Siia centimes, or the equivalent of Use
4 bu.
Minneapolis reported the starting up OF
all the mills that had been closed and Al
much improved demand for -four. 81. Louis
wired that the Victoria mills of that city
had sold some -four to Antwerp. being the
first In eighteen months to that place, ami
that bids from the United Kingdom We're
not only numerous. but at full prices.
Those having such Information probably
bought some wheat at the opening. Chicago
received 33S carloads of wheat. Minneapo-
lis car. Receipts at the two latter u week
ago We're l.1O2. The total received at pri-
mary Western markets WAS l.03i.eto bu.. ~
against i.li0.sIo hu. the corresponding day
of the, year previous. and the shipments
from The same We're 3S..UJ bu. to-day and
a@l.vo tI. las; year. Clearances from the
sc:.hoard Were equal In wheat and Hour 10
5yl Opb bu.
Bradstreets report of worlds visible
made an Increase for the week of 4.C75. 90
bu., compared with o,G56.c0e bu. Increase the
.'dI IfNhI tuS. b4Al I4.AiE NNS ifDbi g
fur wheat for shipment, ana near the close
$4,000 hu. We're worked, principally hard
Kansas wheat. Nov. wheat reached e4N-c
near the end of the session. and Dec. 15tsc.
Closing. prices We're .iasc bid. and 49,, bid,
respectively.
Corn opened firm and higher. and the
opening strength was we'll maintained dur
ing the forenoon. The local receipts were
100 cars. Liverpool was from ed lower 10
unchanged for futures and C.5."D bu. were
shipped from Atlantic ports. re-
ceipiS for tomorrow were 40 cars. New
York reported the situation as il appeared
there in the following message: Demand
for corn from the United Kingdom i'm
proving: bids close TO working basis. but
Continental markets below a parity"
Argentine corn III Liverpool WAS quoted
parently somewhat oversol1 yesterday. and
although some long corn was :or sale on
the early advance there were NOR. than
enough shorts for the offerings. Oct. corn
old not hold the full extent of its opening
strength; there being some selling on the
about yesterdays closing figures. It opened
at Ale. sold for n second at 41isc. dropped
TO iJAc and from that up again to 4laillsc,
and after another slip down to iGac Nov.
sold from $3.50 to 3sisc and closed at that,
compared with 31i2H37@sc yesterday.
Oats.
The market was quiet but very firm. the
small offerings being inadequate to fill the
number of buying orders from the outside
which caused the strength. Local receipts
We're 4E cars, with only go estimated for
tomorrow. Shipments hence were es.C09 bu.,
Seaboard clearanceS Were 6,,"0 bu. Dec.
oats opened at 2l'sc. sold sparingly at 2ls4d
2i9sc and from thai; up to 22isc. The closing
prices were 22G2,isc. against Else yesterday.