The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-01-17
SLUMP tYTRIRTTED TO u hPi\G OF
LONG WHEAT ~
SALE LOADS.
CORN WAS STUBBORNLY FIRM.
NtRhET IMPROVED >II"iITIN-oNIS
CLOSED STEADY. WT WITH
PRICES I~NCUt>GED.
PROVISIONS SUFFERED SOME.

REPUBLIC SrECTAI.
Chicago. a.. Jan. l6-Whcat bulls wer"
thoroughly disheaI;"ned to-day by the an
nounceInent made about midday thai Eu-
roPean stocks of that commodity since a
week ago had Increased 5.3@t.@1 hu. That
WAS "A cruel blow. ami. although only struck
10y i man with a lead pencil. it upset, per
haps. az many bulls as were killed at Lady
smith. Long wheat poured into the pit Cor
an hour and a quarter. at the end Of which
time II had declined liec bu compared with
its value yesterday afternoon. Corn was
stubhurnIy firm aud improved a trifie. Pro
visions yielded to heavy hog receipts.
Wheat.
Wheat Was heavy 70 begin with, May
starting at from G5i2 qst9sc down 10 sos,
G612c, as compared with 66a4c at the close
yesterday. Liverpool opened down sd, and
private messages from there said holders
were willing to sell, but buyers scarce. The
only encouraging feature of the early news
was Il falling OFF In northwestern receipts.
Minneapolis and Duluth getting only 2@i
cars. as against iS3 the similar day last
year. IL was. however. reported from that
region thai country elevators held 100000
bu.. as against S.Gt.V0J bu. a year ago. and
concerning stocks In farmers hands author
tiles differed somewhat. some saying less.
others more. than last year. Corn got
some strength about an hour after the
opening, and :he wheat market, being very
narrow and devoid Of important feature OF
its own. was sympathetically affected and
recovered the decline It commenced with.
Atlantic port clearances of wheat and
-four were very light. amounting together
TO only l10.OH bu. Aggregate receipts at
W p9.pFn urinary rnaTERfA Nprg liHnUtGa
small, amounting TO only $4,000 bu, as
against t35.p0 bU. the corresponding day OF
last year. Comparing shipments from pri-
mary markets this year and last. there
was a striking difference. shipments to-day
being i2s.rp bu., az against 2i9.cD bu. d year
ago.
Bradstreets report quenched all tho
smcldering spunk Of the bulls. II made an
increase In the worlds stocks of wheat and
flour Since IL week ago of 100000 bu.. ami
although that was afterwards explained TO
be mainly due to a correction OF the stock
OF wheat at odessa previously reported and
supposed 10 have been fully discounted, the
shock of having i,rJ.Vv ou. pnure4 upon
the already Overaurden,d imasinations III
one large lump was too much TO endure,
and they offered up their long wheat as a
sacrifice. 1t came into the PIT IN large,
round. heavy Jumps and squeezed A+c out
of the price during the half hours pressure
that succeeded Bradstreets announcement.
May wheat. that had recovered In the fore
noon from 10 6o'sc. was Knocked
down to bJ5sC.
The wholesale calling Of margins made
necessary by such a material decline
brought, instead OF more margins, orders
for sale of the wheat. and that additional
selling caused a further decline, May wheat
dropping to 65IcuGJ@sc. at which 1t closed.
New York reported the days export bust
uess at IS boatioads of wheat ami ; boat
loads more sold from here direct.
Corn.
Corn recovered from the fear that had
hapn yErTESIlug IL for two or three. DAYS.
ana was thereby enabled TO withstand the
Decentralization in the wheat pit That Gov
eminent report. which Was expected this
week. giving amended returns of huskings
ana acreage, 1t WAS said authOritativcIy
from Washington, would not be issued tins
from their minds the bulls felt quite buoyant
month. and with that load OF anxiety lifted
and bought back corn they had been scared
ont of in the last day or two in antic!pa-
ton Of an early appearance Of the Govern
ment speCter. The news from the country
was of the same complexion as before con
corning small deliveries from farmers. Local
receipts Were 49l ears. ana only l!) were
estimated for Tomorrow. Liverpool opened
I'D lower for futures. but closed unchanged.
Atlantic por: c.caranc-s were liberal. the
amount being 73f,s" bu- May corn opened
at 33i4c and rOs" TO 334c. but reacted to
334G and closed at that price bid.
Oats.
Oats followed corn. being up I4c at one
time and then iiHaily closing steady At
yesterdays last figures. The shipping de-
mand for oats has dvinaled away and only
5000 bu. was sold here to-day. The sam
pie market was nTmrr early, but weakened
toward the clos. Bradstreet's gave Il de-
crease Of 9e7, 90 hu. IN worlds visible sup
ply. Contract stocks here 159.4G3 hu.: de-
creased 10, 6sl In. during the week. Clear
ances Were liberal. 1855 hu. Receipts were
3lG cars, with I25 estimated for Tomorrow.
Withdrawals from store amounted to a.
35S bu.
Harley.
The barley market was steady under light
offerings and brisk demand. Feed lots sold
at 35c; mailing grades ranged from 3fc TO
+3c. ClearanCes were $500 bu. Receipts
were is cars.
Rye.
Rye was week and lower in sympathy
with wheat. May sold at ael@C and closed
with sellers her. No. 3, {. -. h.. sold at
5ll2c. Receipts were IL cars. : of which
graded No. ..
Range of Futures.