The St. Louis Republic., 1900-09-14
CHANGE FOR BETTER
IN ALL GRAIN MARKETS.
WHEAT AND CORN SHOWED
4 STRONG TONE.
The Markets Were at Their Best
Late. but Failed TO Hold Top
Prices of the Day.
Office Republic,
HII-H hIlsaDiIC.
ThrreilN Snnf- L lGl.

Office Republic.
Thursday. Sept Is, 1900.
Outside Of the uDdertone of strength
shown there were practically no new de-
yelopneuts o! interest in the local corn
situation. the market throughout most of
the day continuing in the cid rut of dull
ness that has characterized it all through
the week So far. II was otherwise the case
with the hEher-priced cereal. wheat, that
grain taking up a much stronger position
than It held yesterday. and which IT con-
tinucsi to maintain all through the session.
the upward movement OF prices meeting
with no important -evcrses. and the close
being a. or near the ton. The strength
displayed by this grain was the most sig
nifiCaut feature Of the situation, and II fin
ally became so prominent as 10 I've reflected
to = greater or less extent by the cheaper
cereals. with the result that an almost
general advance in values went upon rec
ord. Wheat. being the strongest and attract
ing the most speculative attention, natural
ly gained most in price. closing with an
advance OF &c to i fun lc for the day. Corn
only gained - to 14a;sc. while oats let
down l-l6c 10 isc.
Wheat managed 10 work out Of its rut
To-Day. and started of with quite a little
show Of animation and strength, with prices
tending upward and a very encouraging
gain being recorded ere the close. The ad-
vices and consideration to hand throughout
the day tended To add to the strength that
has Unuerlain This market for the past sew
cral days by restoring confidence to trad
ors and imparting a decided bullish tone
10 the situation. There was considerable
hesitsncy shown at the start, hOld-back
attitude being assumed by traders. This
was partly due to lack of confidence. ow-
iuG TO the failure of the market to hold its
own yesterday. and the very dull and un-
satisfactory speculation Receipts again
Tered largely into the calculations of trad
trS, and the poor start may have been due
10 the fact that or arrivals this morning
showed up quite heavy, being l3y.100 bu.. as
compared with only iU6,VS bu. last week,
and but 40.i"J bu- one year ago. Yet the
shipments from here We're within 33.O0 bu.
OF the receipts. and the stock has increased
only 2cp bu. Another thing was that the
predicted increase in Northwestern receipts
clu not m;Aterlailze. the arrivals at Mime
a:oils and Duluth amounting 10 2u cars,
winch was falling on from those OF last
week or ~ cars. ana OF lSS cars a year
ago, and this was i'll the face of weather
mighty favorable for handling grain. Be
sides the above. Liverpool cables came
strong: and reported AL advance there Of
;sd after opening unchanged The above
IN great measure restored confidence to
traders. brought out more buyers and ral-
He'd prices.
The initial trading was on basis of Ikc
advance for the Dec. option which sold at
.i5sc, but Immediately weakened 10 74Ssds.c
Inen reacted TO I5G95lsc bid. fell back to
.iasQI3sc, recovered to Tsc, and then declined
ana sold at I4sQ7sc, all these changes be-
Ing made during the first hour and a half
or the mornings session. There was no
tfaa0lng IN anything else but 53Asc was bid
Tor Oct. and 6Slac for May. For some time
after TINS the market dragged along I'm a
wearisome way, showing no life or features
mat were in the least way interesting and
many traders deserted the pit. Continental
CaDteS Were Of no benefit, as they reported
declines of lac at Paris, &C at RerIin and
- AT buda-Pestn- The export movement
rom the seaboard was small at $4,000 bu
noGF ana wheat. but the 2,79S, 90 bu 50 far
Tor the week was 2S2 600 bu, in excess oS
those or last week. This and the fact that
New York was said to be bulIish on the
cash situation. and reported firm markets
abroad ana good inquiries, starting buying
anew, and il was not long before this
increased iiD Saersc % largely. the market liyened
up very much, and for a time the ex-
Sltement ran high. on the rise that fol-
lowed. Dec. buiged and sold as high as
.2t2c ~, and shortly after brought Use, but
,Iie nuylnS letting up some, It eased OF
10 l5liti-asc. Then another buyinC furry
hroke cut, based upon a stronger cash mar
k"t and exporting demand for No hard
together with reports that ~ loads had been
lahen Tor export at sea aboard and coo 600 hu
az az Chicago. and on the bulge that followed
..gstc, ana closed &c up for the day at 75ssc
DID. Oct. closed sac higher at afikc BID.
sept vas &c better at 73Isc nominal and
May lc higher at 7sc bid.
There was one feature TO the corn this
morning that stood out more prominently
IRENE dullness that prevailed for some CON
slderaDle time after the market oTened Pit
Transactions We're Of the Iishtest, as opera
toTs pall little or no attention to this grain
Nheat being the whole thing with Them
1ouHtEy acceptanceS were again said to lie
LLsIht, but the posted receipts We're fair and
fl--
al primary western markets were Reported
at ei-uO bu-- against SSi go bu. q wear AGO
i ~; ~ bu locally, against 81, 100 bu
IasI year Shipments footed up ls2 900 I'm
and exports 40j, 90 bu.. making 2427 oo bII
Ior the week. against = 76l, 900 bu last week
tiuieS "a, were nrIn and Liverpool ltd higher
Aor tne Gay, but weather conditions ,ouId
not nave been better had they been made 10
order, whlle the Cincinnati Price Current
and favcrably. The Iulluess charar3ari2irSs,
thlS market continued uninterrIpted nm 10
near noon, when a little Dec was traded
IN at yesterdays closing price. of &C Iata-
there was an advance due 10 yvhc.+ -
S"isc but speculation did not improve ,Tbe
e continued strength In wheat and repoyts
from the seaboard that 40 loads. or ! ISG ~
bu-. had been taken for eXport iunar rtad q
iirtn tone TO the market, and it closed vi.b
Suyers gu, rs &c better; at 39llc Sept. the same
Tor oct, at BIC, Dec. closing LGssc bipbar
at '@;sgSic and year 1sc up at 55s4c
The strength shown In oats vesterf,a,, NO,
t49L 9 cdftled over. and, Notwithstanding the
, aaEaiices IN other grains. the market was
easier, Sept. selling AT Pic off To o-iin
at Mhich II closed, and May To 9i1gITitc'
SSt.9slhS with THAI bid, and Dec at 22isc
Dlo- western market receipts were go o6o
Du., against $1,000 bU. a year ago, ST. T.onis
o IeceI'eg DAB hu.. against IS 200 bu. las,
year. Shipments were aS5,c00 bu. '"n'
Trade Gossip.
Among the Il2 cars wheat receive, b.-o .o
@Ssy, we're i cars IN ty the Illinois Cen-ra,
INaliroa2i; nus was wheat from Sotlth herr, Ilti
,,5s Lois, "here This grain is infested win
Weevll, as was stated some trne ago tb.t ~ -
n.ust DC moved ont and disposed Of n. onca -
tTHtthnt ~ t'inS sold at all. Ali this solt norm
1lnhtls wheat viii Probably be cleared ont in |
knn'g kg, 10 - Louis. where II can be prorerIy
hahqiec, SO t;gat the we.vi can he gotten - -
- badly hurt is this Southern IlIinoys Whss;, 90, |
,,,n,. GIat ht section IS now buying its seed
An official report summarizes the r,,,s.t,r, |
Mheat crop as had in the Southwest rfnderata
IN . ule Salutll and good in the East As Sbc
1d.CIai !ieid Tor the Cars country is in the
ihioIlSrate. Is apparent that the Russian
;i, i,aI cannot be such q good one as was some
!, ,inG ii,,- ago reported. War has 50 taXed The |
'Iupni'ht Of the railroads tina, II is feared tie
layed. ' VIC seriously de-
-. The Orange Judd Farmer estimates t,r ,,ho.. |
"a Hi'5" y as averaging Isr acre u bu winter and
ny the Government these estimates indic.ta' -
ELLeiH ti .-@.'W.np bu. winter wheat ard - |
i uhTshIsed area a yield of 1s7 O01. 90 br !
1 or tae three Northwestern States a crnn 30 |
apuui A."N,la hu. is indicated. P VI
Inc Cincinnati Price Current saws that -e
, otIt NeStth,r nla' UrinE corn :av0rahly' and /
600 hu- Wheat being held more Gr,nI, eScost
Mhere quality ia impaired et'