The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-09-21
WHEAT CLOSED LOWER
UNDER LIQUIDATION.
ALL OTHER GRAIN MARKETS
WERE DULL.
Provisions in Good Demand at
Higher Priccs-Tcndency of
Corn Downward.

thif4Eo. III. Sept. 9th. longs in wheat
sold heavily and undoubtedly reaped con-
siderable profit on the holdings accumulated
a"iihE thC last week or ten days. Prom
i"ei improvement IL the weather in tn"
Northwest was the chief incentive to the
selling that caused oct. wheat 70 close 1+4c
lower than 1t did yesterday. Better wealth
CT after a period OF the other Sor Invariably
has a depressing effect upon the wheat mar
""i' even when 1t IS believed that ;~rrcpar-
able damage has been done. II has been
cratic. but The speculative grain does not
always conform. 70 reason or strict logic.
tiEer grain markets were DUH. but COM
Tarativnly arm. Provisions were in good
demand at higher prices.
heat.
The market became weaker ana weaker
ana m.re and more Ions wheat cane out
as the session progressed, until about \ half
hour from tie close Oct. wheat was selling
"a nc. The closing was Z Ui.c. alter ssil-
ing as low as 1r.au7,r. Sales at New York
Tor export were y toatloads, and here 1000 y
! Ia. were sold IoI shipment.
with the facrocS thai go to the forma-
tIh or market sentiment unchanged. there
was Notwithstanding. an easier tone to
! wheat al the opening and generally
throughout the forenoon. The lapse OF the
previous days LUlishness was in spite Of
higher quotations from Liverpool. and 4
SUN eTfat3. advance reported from Lon
uoN- The Weather in the Northwest was
sim rainy. ana the receipts 1T AIlnneauolis
ana buuth again striktncly smaller than
those Of last year, 1t was with such IN
JUDGEMENTS TO continue buying wheat that
many Of the heaviest holders ConCluieG TO
sill They sid because experience has told
'Ee successful traders that ii is we'll 10
market a commodity when II is in demand.
ana II IS un"iSe 10 wait until after other
holders have weakened the market by dis
posing or their stocks.
The early hirds o: that order started IN
Z" SO"ii" ~ t." worms of profit IN their
u'i'a as soon as The market opened aud
OTHER bros of the same feather. Bat Rot
quite so alert and early, caused further
weakness a little later by following the sz-
ample thus given. Liverpoors advance in
wheat futures at the time OF opening here
WAS from - To ed. and THE london adj
vance was from IL 10 LID. Liverpool It
the same time quoted Argentine and Amer
lean spot wheat Id higher. Mime
ar'ils and Duluth received a total Of us
carloads. against Ssf the corresponding day
"i the previous year. Chicago received 2J
ears ana shipped only I2.S2s bu. Il Vas
with those matters before them that .ua
spectators sold oct. wheat at from 7g-sc
doWH 10 SO - the opening and continued
10 "i"s IL unit. in a little over an hour
from ire start il had declined To 7Si,C.
ne messages from the Northwest were
o. the same G!ScuuEagiuE character as IL
-'i' WIN reference 20 the SjN accumUlIt-
!-- damage 10 wheat in the G1d.y made
stac@s $ Louis wired enccIrag;ig.y Of
Ja' foreign demand for flour, a miller isere
reporting his rab.gd offers 10 Llyerno4l
Glasgow ana Belgium having been All tc-
copied hut the seJDoard ad.ICes were that
ltlN'An t;lS Tor wheat were away below
a "nihln; basis. liverpool lost all but 81
tons for wheat futures came - centimts
lover Tor Sept. AMI ; c~enti:acs down for
R5c-Jal- Antwerp was unchanged. The
northwestern wheat markets were exceed
lnsly sensitive. NictGating the lrst hour
oNer 4 range @. PC. jumping up lc at the
a shot tower. Duluth started oct. wheat
aL S4'sc. and In an hour it had fallen To
80 LAX" IEciSHts from Chicago were
easier. to the cnc9Graetm-ut OF shipments.
The total receipts in the West we're 1 u35."O
hu.. compared with 1860 bu. the CORE
spoHdinS oay OF the year before. ScahOaTd
10 21v,rp bG.
Corn.
Corn was quiet and dun. paying only a
little attention to the somewhat excited
condition OF wheat and moving lower sure
~ over 70 very limited range Of ~fuCtU&-
Mons Inc trend, however. was downward.
Eut more on account OF the GCcIiuin. ten
denCy OF wheat than from amy change in
o"A!ltlun Of E%frttcrs more Immediately con-
Nerte'! with itself. The local receipts were
n carloads more than estimated, the mum
Der Inspected into store being ISL cars.
shipments were 5lc.vp bu., 1000 bu. being
shipped from private houses. Export
CltaEGnces from the ssdboard We're $4,000
iH- Nv iD'A Nh.t.tH 4NthttN iron! IA 10
20 lower ana spot corn "a down. Heavier |
RECEIPTS for to-murrow-GI0 caIs-and prom
ised Improvement in the weather. making
more liberia! shipments from country points |
likely IN the near future. along with con-
tiGuIuE weakness in wheat, had a dcpTess-
ing effect in tho latter half Of the acs-
sion. The Eastern railroad grain pool to
So. uro better rates from Buffalo cast has
already succeeded IN advancing rail ircishts |
thence - the ScahHaru sc a bU. ana al
though that has been OFFSET TO some cX-
ten: by reduction in premiums asked for
corn by elevator people and by "A small
decline In lake fCyiEhtS. II had the effect
OF Throwing the shipping business out II
gear and mado working on The new basis
.vucUhit difficult. The days business Tor |
rev Oct. corn opened at sic. declined to
So and closed with buyers at the latter
figure.
oats were very auIl, but. considering lie
'.iues III other grains. remarkably firm and
were at their strongest when wheat Was
weakest. Couddru,g I'm present prices, |
which make oats H.. cheapest feeding grain
in Che market. was IMPRESSED by those longs |
wheat market 10 reason Tor a decline IN
cats. Trade WAS OF a small local ORDER, |
wish fiGcturationS narrow and '~nfrequen;.
ts'n'iTt7 wci" 70 ears, % which - were
contract. as compared with 21i the same |
day Of last year. Tue estimate for to-m"r-
row was So ears. Scatoard ClcJrsnccs were
$500 uU. Sales were made Tor shipment |
hoe o! aACpo hu. oct. oat. opened at 2l'.c. |
sC'G between ". aH'; -l's2 !md -iSac, with
-lls1-lTsc the closing quotation.
Rye. |
Rye market at onr time was firrn and lac !
higher. iut later il lost what It EIiT.i yes
toriay. Offerings were heavy. Al the close |
the market had decline! TO che extent of T.. |
OCT. ranged from Ole up 80 ., O., reacted |
to 52lgc. and closed at mat. zee. started I:
NJ a1'4c and closed at 5iC hid. Receipts |
were ilght-l3 cars, ana Shipments nothin-. /
Exports out of New York amounted TO i2.s1i !
bu. No. >, (. o H., S''d at 5Jc, and No. ), TO 1
80 TO store. q. Withdrawals from UNI
licensed elevators were IL cars of No. =.
Range of Failures.
Articles. Open. High Low Clos. !