The St. Louis Republic., 1900-12-28
GRAIN SPECULATION
RULED VERY DULL.
WHEAT PRICES WERE PRAC.
TICALLY UNCHANGED.
January and May Corn Closed
HiSher-PrOvisions Lower for
January Deliveries.
REPUBLIC SPECIAL.

REPrBLlc SPECIAL.
Chicago. ILL.,. Dec. c7.-Dullness of grain
Speculation was again a more pronounced
feature OF the business on the Board of
Trade than change I'm values of the various
commodities Wheat I'm the end was without
ALTERATION of consequence: corn was higher
by iac for Jan, i.c for May and 2sc lower for
Dec. Provisions closed lower for Jan deIiy-
eiies' but about at Wednesdays prices for
May, except ribs. which were 2t.c up for
each OF these deliveries.
Wheat.
Wheat opened weak at a decline of r.ai,c.
and that chiefly because of a general indis-
position to have anything open on the long
side the day upon which the Government
crop report was expected. There was at the
same time nothing to encourage buying,
even had the report in question been on, of
the way Liverpool quoted wheat futures I'D
lower and No. l Northern on the spot at a
reduction Of I'D per GENITAL; and Paris quoted
poth the Dec and Jan.-Aprii terms down the
equivalent OF li.c a bu. Mnneap polls and Du-
Iuth receipts were light. but still somewhat
IN excess of the number OF cars they got the
corresponding day of the previous year To-
days arrivals were 293 cars as against g79
the year before, but compared with last
thursdays receipts to-day's Were 81 ears
less. The stocks of wheat in Minneapolis
and elevators were estimated 10 show an In
crease OF about 3Gi.otD bu.. i;5DB bu.
smaller Increase than they made the week
previous. Chicago receipts numbered ls9
ears, against ol last year The aggregate
quantity of receipts In the West was 72s go
bu or 2'sW" bu. more than the total at the
same places the year before. Seaboard
clcaranceS of wheat and flour were equal to
$4,000 hu.
.Tne range in price Of May wheat UP to IL
O'clock WAS confned to l.c a bu., I22.c being
the highest and a2i.c the lowest point of the
medScr fluctuations. Bradstre..ts reported
decrease in the worlds visible of 1860 bu..
there being .Ai.uUO bu. Increase in the coun-
try and l,yyc.COJ bu. decrease In and aiioat for
Europe. The market made no response to
the latter piece OF information. the trade
being impervlouS 10 impressions uncUnnected
with the forthcoming Government report.
The range of the Jan. delivery of wheat was
ts:sc 10 1oA A.eisc. and its closing price ."a
.OtSc. as against .Oisc the day previous. May
wheat sold az hiSn i2i1ds=:sc ami closed
at '2s.c. compared with i-7iui.;sc Wednes-
day.
Corn was firm. Notwithstanding liberal
receipts and favorable weather Tor con-
tinuance OF the recent volume Of the move
ment. That farmers deliveries have
reached their maximum already and We're
likely 10 decrease from now on was an
idea generally entertained in the trade,
which combined with The almost entire ap-
*ence OF contract corn III the current
ceipts. WAS responsible for much OF the
nrmneSs.
ro-days local receipts of corn was 40
cars. only one carload of which was up -
the rigid standard adopted by the nspcc-
tion department for carload arrivals to 2"
to store. The total contract corn now In
Chicago public elevators being only 49,
600 bu and prospect of adding TO them be
ing so small, intinlidat,s people who are
in the habit of selling futures against pur-
chaSts of spot corn and keeping such trades
open as a hedge against the cash grain ill
they find for 1t a market They fear to
risk the sale OF a fancy article like Chicago
No. corn against purchases of Chicago
No. 3. The latter grades No . at all sea-
board cities. and is accepted on sales made
for export. ard that after the Chicago ele
vators have injected as much No. and
no-grade corn INTO the grade of No; ; re-
ceived as the latter out inspection will per-
mt.
The danger Of hedging sales under the
circumstances interiors with the shipping
business. more of which would otherwise
be possible, for the need of corn East and
abroad is as urgent as 1t was during the
receipts at Western primary markets
amounted 10 1.2Ss.r0 bu.. as against the
comparatively small quantity Of 5000 bu
the year before. Hradstreets reported
1,62i.0oo tu. increase in the worlds visible
supply of corn.
Seahoard clearanccs for the day were 7se-
eJ bu.. and estimate of local receipts for
tomorrow was i2y cars. The total stocks
of all grades in both public and private
houses in Chicago amounted to 3,2si.o0O bu
Dec: corn opened at &c. or &c above its
closing prices yesterday, and ranged be-
tween that and 36a.c until near the close
when It got as low as 36Ac. at which it
ended. Jan. opened at 36i.c. yesterdays
final figures having been 35!sd3Sc and il
rose to 3siac in the course of the forenoon
Near the end IT slid off to 3s05sisc. which
was the final prices. May corn opened from
:SJS.c to 367sc. and rose to 36i, q 36asc and
was worth 36l.c as the market closed. or &c
Improvement for the day.
Oats.
The speculative business in oats was of
small aU'Cpt. ana the changes I'm value
throughout the day Insignificant. The clos
ing value of May oats was at isc improve
ment yesterdays price. in sympathy
with the better demand and higher prices
for corn. Local receipts were 1886 cars and
shipments 15S,G0C bu. Seaboard clearances
were 10000 bu-. and to-morrow's receipts at
Chicago were estimated at 1875 cars.
Rye.
Rye practically 1ifeless. save for
some selling OF spot seed at 42c for No.
grade. to &C to store. There was little
pressure to either seller or buyer Receipts
amounted to cars. and shipments 5,2sl bu.
New York exported nothing. Withdrawals
from store were l.c0o bu of No. 2 and from
private elevators. 6.457 bu. Of the same
grade. Dec. was nominal at 41c. Jan.
46lzc and May 49c bid and 49i2c sellers.