The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-09-05
BEARS CONTROLLED GRAIN
MARKETS IN CHICAGO.
WHEAT PRICES RULED SOME
WHAT LOWER.
Heaviness Due to Fresh Exhibit of
Fifty Million Bushels Visible
Provisions Opened Strong.
REPUBLIC SPECIAL.

REPUBLIC SPECIAL.
Chicago. Sept. THE bears were In the
ascendant in the grain markets to-day.
They had small Isc advantage In oats,
greater victory of sc a blu. In corn. and
they mulcted the wheat bulls 1c a bu. in
Oct. and s4c In Sept. wheat. The heaviness
of wheat was not from any novelty In the
general situation: It arose from the fresh
exhibit OF a 5000, 0C0-bu. visible. which the
bulls stared at for awhile. and. II may
have been, became ashamed at their bull
ishness with such figures in front of them.
for 1t was not until the visible was pub
lished that the market exhibited radical
weakness. The leader OF the bulls In corn
was a seller and had many followers.
Wheat.
Wheat opened weak, with many sellers AT
&c under Saturdays closing figures. and a
further decline OF IAc occurred inside OF the
first of the session. The Liverpool quota
tons for futures did not show change
enough to account for the heaTiness mat
developed here. bot when the quotations for
spot wheat at Liverpool were forthcoming
they pointed to Lc decline In price or
American No. l Northern spring wheat ana
Id reduction In No. 2 red winter. Inc
worlds pmen for the week JUST past
uiIlpu,lbtu ~ D,otc,o Du., tohhPoAoN "fpA
$4,000 bu. the week previous and S.s5l,Uc
bu. the corresponding week OF 1889. Ine
quantity of wheat and flour afoat for Eu-
rope was reduced ss.eo bu. since a week
ago, leaving =, 3S2. 600 bu. still on passage
The quantity in like position a year ago
was .i.SIS,VJ hu., while the punching OF
the domestic receipts since SATURDAY mace
the total look heavy. The number OF cars
at Minneapolis and Duluth was only about
half as large as reported for the similar pc
rod the year before. To-days aggregate
at the places named was l.l43 carloads, that
OF last year 2.3O cars. The contrast in re-
ceipts ut Duluth was striking. being only
24 to-day. as against Lao cars the year
previous. Chicago received sS cars, las
year only 253.
The visible supply statement revealed the
hollOwness for useful purposes OF comparf-
son OF the primary market receipts this sea
son. seeing that. Notwithstanding the enor-
nous total daily reported only 32S,GN bu.
increase in the visible took place. The
amount of duplication Of primary market
receipts. always considerable, is this year so
very heavy as TO be altogether misleading
as TO that matter OF statistical
az a clew 10 the movement from farmers
81. -, 60 bu., OF about -. ". 90 bu. more
than In the similar position the year pTeNi-
Gus. The primary market receipts since
Saturday. taken for what they are WORTH.
amounted to 2.Gi3, coo bu. The shipments
from same points were l.459!SS. az against
S0.Oge bu. the year before, Oct. wheat started
at 7i3sc. sold momentarily as high as ioLsc.
ard then sasged irregularly TO iilsc. Win
sellers at 14l.c at the close, making a net
loss of &c a blu. since Saturday.
Corn.
Market opened firm. but the strength
proved illusory and of short duration. The
leading long in the local market was a
seller. and. as he had many followers on
the bull side, they turned quickly when they
found their leader deserving them II might
be taken for granted that the reason BE-
knowledge he had Of freer country offerings
and the still further danger OF a larger In
crease in the near future should the present
favorable weather for the maturing crop
be prolonged. The days local receipts
amounted to g6 cars, as against LOO a year
ago. and the total since Saturday at the
chief Western markets was gi.CrV Du.,
whereas a year ago at the same places the
receipts amounted to l.lB,0O bu- The ex,
pert clearances were 6lo.vo bu. for seaboard
and Gulf. The sales made here Tor snip
ment were reported as 1860 bu.. but that
does not cover all the business done. The
visible decreased 2,n!.Oo bu.. leaving only
5.3iS0Co bu. in sight. but even that was In
sufficient to hold the market with the Lead
Ing long selling. out; Sept opened from
4esc to .oisc, and declined TO sy.iassasG anu
pool quotations were advanced sd
Oats.
Oats were well held. considering the
weakness In other grains. and the heavy
Oct. oats, which were worth H2sc at the
termination of the previous week. started
this morning from a and worxea
Olh I u sL-AS III Tx 'A1-S- -
cars, as against S14 last year. To-morrow 3
receipts were estimated at go cars. The
visible increase was l,ls5.co0 bu., making the
total 9.253,CV0 bu.. against 6,Oeo,@o bu. n year
ago. The seaboard ~clearances were eZ,vo
blu. A good shipping demand was reported.
but no particulars given or the amount
sold.
The rye market ruled a little easier at
AIizc lower, in sympathy with the weak.
ness OF wheat. Offerings were somewhat
heavier than they have been OF late, TOO
There was no demand for spot reported:
Receipts were % cars and pme l.se4
hI. There were no exports out OF New YORK
Sept. closed at 5lt.c. Oct. 5l4c. Dec Sc
bid; No. 9. Z. o. b., sold at 62@c. and NO. .
at 0Oiagolhc.
The barley market was reported un.
changed, under a good demand and light
offerings. Receipts were a cars, a 1rine
heavier than they have been recently. snip
ments amounted to S.459 bu. The amount in
store at present aggregates 1900 bu.
Futures and cash seed We're ooth strong
and from lisc to &c above former quotations.
This big advance was said to be caused by
an excellent foreign demand and light OF.
ferings. There is at present. III bu. or
faxseed In store In Chicago elevators Re
ceipts us cars compared with ia cars a
year ago.
Timothy and Clover seeds.
Timothy early was weak and nc to 10
lower. but just previous to close became
firm and regainea most of its early loss.
There was considerable seed in the market
and this was apparently the depressing
feature. Receipts $500. and shipments 632, =
Az pounds. There is nothing to be said on
the clover market.
Range of Futures.
1870 n-xn Etoh r- TYn&