The St. Louis Republic., 1900-12-06
DECEMBER CORN WENT
TO THIRTY-EIGHT CENTS.
SHORTS FEAR ANOTHER PHIL
LIPS SQUEEZE.
Wheat Started Strong and Closed
Dull-Provisions liighrr-Talk
of Long Interest in Lard.
REPUEILC SPECIhr.

,REPUEILC SrECIAI.
Chicago. Ill. Dec. 5.-Wheat was mcdcr-
| hteiy aotiv" to-day. and started out with
M appearance OF great strength, which
was well maintained throughout the fore
| moon. bat IA tho afternoon waS as tho
hight that Called. losing prices wyra
!ti,l'i TN same today .- they were N,,-
! t'T'1t. AltE.E-h foreign markets were
! Htf"uE ard considerably higher. tho Tor
! 'iEr"rs diu not huy rtli.'r American wheat
/ AZ tn Sc aboard. ana jI~re Was un ship
| IhrS tnIg at here corn was strong for
i,,,,, .hi dan. but May gay. r'-uctant re-
J ii.,itn @ ~ d.hNtfi,.. Provisions wero strong
ana higher closing at b,at pric"a.
Wheat.
,i,,'', nat started strong at sc over closing
| iIt',,t Wa i'ut "u IA, defensive Immediate
! ~, ~, ah'' win ih" ru.lshu, ss z the atm,s-
| i'i' ir IA speculative" circles generally
ii',.,'.i.'N 'i'Fad's tn. short selling. crowd.
i;N'ii 81 was enough hiILyr - scare the
t. ,,',', -. Il i'E ~ T." cd up at the time "f
'i'hlh$ here, ami wusu IHris WAS ,li.-
t"E'I'h I" nav" RISEN the equivalent of 10
III tI' p'c. ana 2"ir Il bu. Tor jan
! Ap!h wheat since Yesterday aftarucou
G'''e "ftrdred blood upon the moon to
,hc nervous vision "f the shorts who
,hu"SHt nj the advance all the wheat Offered
."nHS WhiihG 10 accept tho advance the
hnlMerr Quotations were advanced an
gIiltr IN, sc Il hu In addition tn lttc Yesterday
10 V'tItdSc OF 3.'sH0p hu. wheat in and
"i"d' Tor Europe reported by Bradstr.af's
i's,tr'.Ay, with the reduced estimated ex-
- - ~ surplus from Argentine. was In
IL, ,,to t'"stir' 81 definite information, as
s'IihtI .1 10 Ge the reason for the advance in
i,"IllIhehthi wheat markets and To have
L'Nt"Ise had It's effect upon IiVerpooi Ming
Whtat opened at from 1i7.a75c to ,5IEc. and
rs ua.eH &c, az forenoon inside the limit OF
Tho Northwestern racc,-,,s os ,,-h.,, -
s ~ Cdis IN excess OF tEoSa received the
10 So''tsI"h ing day of the previous wear. or
o. carloads. compared win J.,. a-,I -. 20
''Ni' 81 cars nor, than
@ aie Week preceding. Chicago GOT ~ Sors
''''C hu Cn,I,,.ry NJ a year ago but shipped 4GS.c96
similar day Of the year i,faTs "u' 'hs :
49,. ci.Ehle receipts at Western primary
5r,'.', i"s's :, amounted to 7i2"e bu., agairs,
sSr'rr' 80, hl.. IN" year p-cv!ous ShIunonts
iI"i' same places 1Sc0., hu.. against OK ,s0
-. a-t year. Clearanccs OF wheat and
o., 90 H., rom m inc seahoard were equal to iSi.-
-. IHfye mills that lad been closed
AT Nj. nea2 lis wer. to start TO-DAY d,is ,r
Cn y as "a, .,rtported, TO improved domestic t.fm5ud
hen tho shorts had relieved their anx-
, -, me nlafHet became dull and the price |
osI, oei,esS downward aad toward tho wipina I
olt OF tte early advance Absence ~ eLf,' !
riHg demand on Il scale conmenaIrata ,,jib /
,me heaNy stocks was a Giscourasing fra- /
crei,i |- ttIr thr local situation that received
I ,"i9 surname interest in the moments Of dull
ness denied To- it when shorts vere g,u, in
treihpr by some side issue
~. M.IM..hs Standing ~. heaviness OF stocks.
However; NJ" red winter wheat could not
pn Dousht at premium OF 2iac over Jan.
!rlcts. ana No. Northern was held at
wheat. after its advance IN The Forenoon
70 'o'sc. began to drop. and half an hour
from the close was down 10 about the point
u closed at yesterday. II declined TO lilo
and closed at ,iI4G7i4sc.
Corn.
IoIn was very strong a. The opening.
cIhlely bec;iusc OF the fear OF a squeeze in
Liie Dee delivery under the same shrewd
Inanagement that made IL success OF the
Noy. deal. Satisfied. however. tor the time
vi MIN IN, 0Ser S,, ic hu profit On line OF be-
!, ught yesterday afternoon George IL
fI,hlllips scid it out on the opening splurge
Dec opened at from 37lxc TO S1Ssc, as
asail.st $3.50 at the close yesterday, and the
sn0rts were SO anxious they raised their
BIDS 10 ssc INSIDE OF e. few minutes from
tho opening.
Not car OF contract corn was found in
the IA cars received to-day following YES |
lerdaSs significant insrecrion returns OF
only 2 carloads contract out OF h23 That
was the chief incentive 10 the buying that
advanced the price SO suddenly and ma
That there ia nothing as vet artificial in
the price Of Dec. corr. may he assumed
from from the fact that Phillips sold s1.oo, bu.
him sc in store. Chicago. over the price OF
the Dee. option
The shipments of corn from Chicago
amounted to 5000 bu. Aggregate OF re-
,eipts at Western primary markets was |
oiVo bU., a. against 5tS.V0 bu. the ccrre- |
lpondlnc day last year Seacoas st ciearances |
o ',d higher than It did yesterday. both for
spot and futures.
Dec. corn closed at 37ikc JAN opened at
rom 25A&c TO 357sc. as compared with 35ao |
yesterday, advanced TO 3S.c In q few min |
ties and afterwards fen off TO sc, where II
'estec. May corn ranged from 1870 early |
o S6ieflStssc at the close. or 1-lsc lower than |
did the day before.
Oats.
trading in cats was on the same attenu-
-ted scale as has recently been noticed Of |
nat market, with Very little change In
aiues. Local receipts were Ill cars Instead
y 20. as estimated yesterday. and l35 was
ne number expected tomorrow. Shipments
rom Chicago were l4go bu., as against
tJ.W9 bu. the same Gay Of 1899. Seaboard
!earances were ly4,00 hu. Some selling of
lay oats against purchases OF May corn
vas cone by brokers. May oats ranged
rom . 10 2ic and closed at 237,c as It
Id yesterday.
Rye ruled steady 10 &c higher New York
eported . loads taken for export. Dec
old at 4sc and May at sOI.c. No. cash
old I. o. b. at 5Ac
Range of Futures.