The St. Louis Republic., 1900-12-19
MAY WHEAT LOWER
IN CHICAGO PIT.
CORN RULED STRONG AND
HIGHER
Market Influenced by Absence of
Contract Grain-OatS Feature
Iess-PrOvisiOnS Dull.
RErIBI.Ic SPECIAL.

RErrBIIc SPECIAL.
Chicago. III. Dee Is-Eulis in whea; i'm
asinej for "A few minutes AZ the beginning
of the days session that there was some
hope tor their side of the market. hut w"'c
quickly disiiusioned when the heavy west
ern receipts and the Increased eSt'natr "i
the Argentine eXroTt3h'e surplus ha ! iin'r
10 work upon the trade and pr"duc" iher
natural effect. Compared with the previous
days. closing ,,rce. MAY wheat left OFF sc
lower. The decline let i'll some export or
iers. New York reporting sales of .. boat
loads. Corn ruled strong aud closed l'=c
| IL bu. higher for Dec. and 1sc for Jan.
May resting at same Price it did Monday.
Provisions were dun and lower, although
the aggregate of the day's run of hogs in
the West Was less to-day by 30" than thai
| "f the year before.
wheat.
Wheat started firm. Liverpool reporting
| Id Improvement I'm srot wheat and futures
| To begin with, and corn still feeling the "t-
| feet OF scarcity Of the contract grade As
| far as contract wheat WAS concerned, now
| ever. there no cause for anxiety. 'hc
| quantity Of that grade in public elevators
; amounting to $4,000, bu. ami receipts b"-
| ing still liberal The opening tendency 10
| advance WAS checked hy the latter conSit-
! -ratiuas and later u took Il turn in itr OPP
positc direction when u beaiish cahieSiaia
| received from ArgentiI" became s"neIahy
| known. The message IN question WIS re-
| ceived u! bartlett. Frazier x 60. from u.
T.. Snow, Hnd said. III effect. that. "H ing
| TO increased acreage nf the present crop,
| The harvesting of which was now proc 'te'i-
ing under favorable conditions. ther" Wouid
| he an exporiable surplus Of about 6'.fi"9
| bu The dispatch noted deficiency com
pared with exports from the previous crop
| of 10 per cent. which would give about the
| above result. May wheat opened 81 from
| s3i ,a1i"sc and, after fuctuatng for half an
hour between the lower of thos~. figures
| and 60. gradually worked down dur!ig the
| next hour 10 12'sc.
| CHICAGO received 2sS ears OF wheat. az
| against l7o tho year previous Mtnneapoils
| and Duluth got 4sl cars. compared with u"
spondng day of 1899 The aggregate re-
| ceived at Western primary mar kets was
| 1890, hu.. as against Js.To hn last year
| S;oaboard clsarancra Werr equal III wheat
| and -four to 522,Gb hu. Liverpool closed .ft
! an advance of sd. Antwerp at the equiv
| al, ut Of &c brI. decline.
\ Bradstr-ct's report of the weeks chanse
| in the worlds visible made an Increase OF
| ..52... 90 bu.. 1900 bu. of which were III
| this country east of the Rockies and 2.@".-
| 0Go bu in and afoat for Europe. and of the
| increase east of the Rockies ico.vo bu
| were in the shape Of additions To country
| added TO the previously existing weakness,
| and for some minutes there was a strong
| desire to sell. which resulted In May wheat
| getting low as ."i:c. After ii reaction
I from I2i.c 10 .27sc. the price eas"d OF "a
| little and closed at 12a-c. or asc lower tnan
| the previous days resting price.
Corn.
| Corn was again feeling the effect OF t.,l
| absence in the receipts Of any filling The
| requirements of the contract grade. The
shurts were helpless. excerpt in ,he way ~
| biddia; the price UP TO iiE,ur. that mislt
| induce tn. longs To- part with some. The
| Jan shorts were about as anxious as those
| some other traders who mere willing for a
| consideration TO take the risk Of selling
| some Jan. corn and none but those already
| long who dared offer Dee. corn at any
| price IL any large shortage existed for
the current months delivery very lively
time might be looked for. but such Is not
| the case, and the principal longs. being
themselves In the elevator business VIII
1 perhaps deal gently with their fellows IN
The same Department OF the business who
/ are the principal shorts. and yet II may be
| different. for. as IL well known, '~heh
Greek meets Greek. then comes the tug of
war.
| Local receipts of corn were 73s cars. not
| one carload IF which graded contract The
corresponding day last year 3li ears We're
| sregats Of receipts al Western primary
| markets was $4,000 bu.. as against f".@
bu. last year. Seabcard ciearsnces were
| Liverpool corn futures were Ad up, but
| spot corn Vas I'D down. Bradstreets state
| ment of the visible showed 13G.0,v bu. ce-
| cious known official visible had 10 infiG-
| ence the trade. Dec. corn opened at
| from 4Oc TO Ale. as compared with 5Si.c ut
the close Monday. and il fuctuated between
| s0c and Ale during the subsequent trading.
| II closed at the higher oi these figures. Jar.
| started at 3Si4c and 3blsc, jumped M 10
| 3ia. ft.63.c reacted to 36ssc. and from that
| rose near the close to 3S'ssf3,c and closed at
| So, fI367sc Nav ranged from :i5dSrsc To
| 36i. ua6ssc and closed at 3ei4c. or III. .ame
| as il did yesterday.
| Oats.
| The oats market WAS altogether "f a
| nominal character. There WAS the usual
attendance of brokers representing intt SIS
| already open in the market. Sut h1'".= any
| fresh business offered. / luz ua til .ns
| were OF the narruwest possible 10 Terit the
| term. The sharp uoturn III corn near the
| end made the wind-up at the hichrs- pp,i,t
| of the day. .3f.c, as conipIHi with - -
| yesterday. Local receipts mere 81 cars. as
| against 2si last year ,'hipmrn-s wer. ic3,
go bu., as compared With ip6ots' bu. last
| year. Bradstreet's reported 900 br. de
| crease In visible stocks, against 80, 80
| bu. decrease the similar week last ytsr.
| Estimated receipts for to-noirc@ were 10
|