The St. Louis Republic., 1900-10-27
WHEAT AGAIN DECLINED
IN CHICAGO MARKET.
CORN AND OATS WERE
WEAK.
Provisions. With the Exception of
October Pork, Ruled Bear
ish-Rye Lower.
REPUBLlC SPECIAi.


Chicago. H.. Oct. 26--wheat was incap-
able OF incubation by any Of the bull mat
ter that was attempted to be injected into It
! to-day. Continued deterioration OF Argen-
tine wheat prospects, spread Of the Hessian
fly infiiciion and heavy shipments OF wheat
and -four to Europe for the week failed to
pierce the indurated bear hide of an obdu-
rately heavy market and it closed at fur
ther decline of about 1c bu. Corn was
weak; so were oats and provisions. except
Oct. pork OF the iastnamed market. for
which SIS. or 81 advance, was bid.
Wheat.
Liverpool opened from I'd 10 I'd higher In
sympathy with yesterdays strength on this
side and more unfavorabIe crop news from
Argentine BroomhalI (kbled from Liverpool
that his agent in Argentine reported the
weather too wet and unfavorabIe for crops.
The opening here, influenced by that infor-
nation. was about isc above yesterdays
closing figures. but there were no tirnid
shorts left. and when an attempt was made
to sell by some of yesterdays buyers who
wanted to secure their profits. the market
was found too narrow and the prices slid off
SO quickly that very little could be sold until
the price was i.c below opening figures.
Chicago received l4s cars. Minneapolis and
Duluth 5ss year ago the last-named two
tlli's received 64S cars. Inc total at tne
chief Western receiving points was sol. .Ooo
bu.. as agains, coo bu. a year ago. and
shipments from same places were $1,000 bu.
to-day. compared with $4,000 bu. last year.
C.earances from Atlantic cities were equal
In wheat and -four TO ls3,eo0 bu.
Liverpool closed somewhat lower than it
opened, the net advance at the wind-up be-
pool was quoted I'D lower. Paris reported
an advance equal to lc a bu. and Antwerp
reported the previous days quotations. Ar
gentine shipments Of wheat for the week
Were 10000 bu., against 10000 bu. the week
previous and i0.e,eo bu. the corresponding
week of the year previous. Liverpool firm
doing an extensive business with Argentine
cabled its New York correspondents that
farmers in the northern part OF that country
had reduced their early estimates of the
probable yield OF wheat 80 per cent.
The shipping demand was called poor, but
2ie.oo bu. hard Kansas wheat and $3.50 bu
No. l Northwestern were sold for shipment
here. and New York reported 81 boatloads
sold for export, and BradstreetS reported
clearances from both coasts for the week
the week before. and about the same guam
tity as shipped the corresponding week OF
1S.9. Reports Of spread of iIesSian fly pest
extending TO sections of the best wheat
country of Missouri 3nd Kansas. and show
ing up worse and worse previously infested
districts OF Illinois. Indiana and Ohio. were
ignored. and the market was weak to tire
close. Dec. ranged from 7Siac down 20
12i4c. opening at the top and closing at
i2izc.
Corn.
Corn opered with moderate selling
pressure. which increased as the session
progressed. The receipts were 3z9 cars,
against 4o2 the corresponding day of the year
before. and shipments hence SEQ bu., against
$4,000 bu. The estimate for to-ploTruw's re-
ceipts was 10 boatloads. Argentine shipments
Of corn for the week amounted TO 5l6tD In.
compared with $4,000 bu. the week previous.
and l.Hi.cr9 bu. a year ago. Liverpool
quoted futures I'D lower. Seaboard clear
ances were 2oo.cD bu. The general impress
sion in the pit was that James Pagten. who
has been the leader of the corn bulls for the
last three months. had marketed all his
long corn and is now short 10 some extent.
Sales made for shipment reported at 30o.
o5 Bradstreets reported the weeks ship
corn opened at 3sc and dropped to SIC. The
closing price was the lowest. Nov started
at from SIC down to 36s4c. sold as low as
Sti.c, and closed at 36A 43Gs.c-
Oats.
The oats market was a trfie easier IN
same apathetic character that has had to
be made so frequently in that connection
Local receipts were lis cars: last year the
corresponding day they were 25 cars. The
bu. last year. Seaboard clearances amounted
TO only $500 bu. Estimated receipts FOR
tomorrow were 100 cars. Dec. ranged
from 2i%M2l7sc to &c. and closing price
days.
Rye.
The market lost what It had gained the
day before. or lsc. in sympathy with the
was confined mainly to Dec. delivery. ar
from isi2c down t. Rc, at which price II
closed. oct. was quoted at &c nominal;
No .. T. o. b.. sold at 49c: No. 4. TO go to
cars. and shipments 1885 bu. New York ex-
ported nothing.