The St. Louis Republic., 1900-09-13
WHEAT CLOSED LOWER
IN CHICAGO MARKET.
CORN AND OATS DECLINED
SLIGHTLY.
Speculative Business i'm Grain Suf-
fered on Account of Interrupt
tion of Telegraph Service.
REPTBLiC SPECIAL.

ton OF Telegraph Service.
| REPjBLiC SPECIAL
! Chicago, Ill. Sept. 1?.-Business in the
| speculative department of the grain trade
I suffered both in the volume and value of the
commodities by the interruption of telc-
! graphic communication with the East
! Wheat compared with yesterdays final
prices closed @sU3.c lower corn ssGl.c down
/ and oats at IA decline. Provisions made a
r#rli recovery near the close from a bad
/ break made earlier and were not much
I changed in the end
Wheat.
Wheat opened without any marked
change and with only Il limited amount of
| trading. The bulls made their Investment
yesterday and, seeing nothing to make
them change their views. stood pat" and
the bears were indispnsed to sell more short
under present conditions. The situation was
somewhat on the balance. with leaning OF
the statistical developments rather more i,i
favor of the bulls than they have been in
the past. Receipts at Chicago were liberal
hut at Minneapolis and Duluth they showed
materially under those of tine previous year.
. chicago got 3aJ carloads and the Northwest
only ~. compared with 3li the correspond
ing day Of the previous year. The weather
All AAa' ->pl AiNtSt slluNSu Improvement. InF
rain having ceased. and probably due TO that
the Minneapolis wheat market opened with
tendency to weakness Selling orders aft
er a while came hence to Chicago and
brought about some hcayiness after about
half an hour of moderate frmness. The
Liverpool quotations At the opening were
hlSnef. sept. wheat was up Esd and Dec.
up ied. with -four 6d a sack higher. Tele-
graphic communication with the East was
interrupted. the storm OF yesterday having
ProStrated the wires in that direction. and
The CGrt2ilment of news on that account
made business duh and left il largely i'll the
hands of local traders. The result was that
receiving no outside support the longs tired
OF bearing up with nothing but hope to sus-
wheat into the pit. The stream of long
wheat inCreas ed aa the price appeared to be
softenlng. with the Result of a considerable
decline from the prices prevailing early.
Liverpool closed with part of the morning
advance lost. but still I'D To I'D over the
previous days final figures. and Paris noted
an advance of from S.c To ll4c Il bu. The
absence OF buying orders for cash wheat.
owing 10 the difficulty of getting A message
throush. was a distinct disadvantage To the
bulls. Private information of a NEST reliable
character from people in the Northwest re-
ferred TO the condition of the greater part
in shock, and much of that In stacks. as
simply deplorabie. rendering most Of It quite
useless for nour-making purposes. Receipts
in the Southwest were sJill heavy and
more than offset with the trade the COM
paratiyely light movement in the North
west. Ctearances of wheat and -four from
a.
opened at from .5isc to 75'lc. sold as high
ES ~ If15Ssc, and from that gradually down
TO i4isc. which latter point it reached about
an hour from the end of the session. Some
aeeded assistance came to the bulls by the
news from New York that IS boarloads had
been sold for export. causing Oct. To react
from 1iisc 70 1iSsc. the market closing with
buyers at .iisc, loss on the day Of aslt3.c.
Corn.
Corn opened al ye esterday's closing prices,
but the trade was very slow and the weak
ness developed by the wheat market affect
cd corn 10 a slight extent. There We're no
new features TO the trade. Receivers sold
some Sept corn in the pit against their
country purchases of cash. Much of the
small business was done in changing Sept.
To Oct. ard more distant deliveries. The
premium of Sept. over Oct. was generally
l@sc. and there was much 10 change. but
The orders seemed limited to 1izc between
the present and next month. Dec. sold at
from i'sc discount under Oct. The local re-
criQts of corn numbered S9S cars, and 40
We're estimated for tomorrow. The difficulty
of Geographic communication with the ist
hindered the brokers who DO the shipping
business. Get. opened at from 39c to S9isc. |
There was some little rally after that. but |
no life in the business. New York report ed |
:" boatloads sold for export and 10000 bu. |
were Sold here for shipment. The closing |
price for Oct. corn was 3S5sc, or sc below
yesterdays final figures. |
Oats. |
The market was h.eless except for few
minutes when wheat was running down like |
watch with a broken spring. when some
scalpers had long oats for sale and de- |
pressed the market little more than il |
otherwise would have been. Changing Sept.
ard Oct holdings 10 Dec. was the charac-
ter of much of the limited business. Local |
receipts were 2i2 cars. with ico estimated |
FOR tomorrow, that indicated addition to the |
receipts causing SOME OF the weakness that |
prevailed. The export clearances from the
seaboard amounted TO 5000 bu Oct. oats |
started at pc and declined TO 213,c, the clos
Ing price being the lower figures. Vessel |
room was taken for shipment of $4,000 bu.
Rye.
The rye market eased off a little in SYM
p1thy with the weakness OF the Leading |
market-wheat. The market at all times
was very quiet and dull. with only one trade |
In options. Holders of grain Were said to he /
stubborn and not inclined to let go OF their
possessions at present prices. Offerings |
from the country were light and in some in
stances damp. and sold at a smart reduc- |
ton. Dec. closed at e2i.c, a loss of &c since /
the previous close No. on track sold ut /
iJc while whole car brought 46c. Receipts
were cars and shipments 1872 bu. Exports 1
out or New York were 100 bu.
Barley.
Barley was strong at almost former quo
Ia tons. with the exception Of choice mailing
grain. which was said to be about 1c high
er. Although the market was firm 1t was
not active, owing TO moderate offerings
which were quickly absorbed. Mailing
grain, poor to choice. averaged from i0c to
iJc, with feed lots selling from 3Sc to 39c |
Receipts were g. cars Shipments amounted
70 3.Iel bu. There were no exports out of |
New York.
Range OF Futures.
Az. Oman Eoh l