The St. Louis Republic., 1900-10-18
WHEAT OPENED FIRM,
BUT LOST AT CLOSE,
BULLS DISCOURAGED BY THE
SHIPPING INQUIRY.
Corn Was Dull. but Oats Ruled
Firm-Excitement Caused in
Flaxsccd by Il Heavy Rise.
EEpTBLFC SPECIAL

EEPT-BLIC SPECIAL.
Chicago. Ill, oct. iZ-Wheat was very
firm until the last half hour, when the
bulls hccame discouraged because of the
indifferent shii1rr inquiry. and selling on
that account caused the loss Of i.c made
early ans! &c besides. Corn and oats were
easier. and provisions, with the exception
OF lard and Oct. pork. rather heavy.
Wheat.
Argentina came 10 the rescue Of wheat
prices this morning by 4 cab!eGram via
Liverpool saying: Argentine shippers re-
port excessive rains caused DAMAGE TO
wheat crop" Liverpool quotations We're UP
from I'd 10 -! at the opening, and cable
grams from there asHribe this advance to-
the news from Argentine. The North
western cos,pts were comparatively small
Notwithstanding. the iaV"fa!.l. wtaihcr con-
dit!u., for u heavy movement. Minneapolis
.'nd puluth reported 2Is cars. against so
Il week ago. AMI %. tn cprTcsIpu'iirg day
Ci 'h" previous year. TIE contrast IN to-
day ; and iaLs year, Irr is IT Du.util was
veIy pronounced as II mas oc,n throughout
the season. jG-'!ay'S receipts, beng only 4.
ears, against ,sp the corresponding. day OF
ls9.
Morc att nticu WAS given IN the ArcCn-
tine crop damage than might Otherwise II ave
been the cas-" hIi ii not b,,I. shat un Mon
dry n dispatch WIS received from Nv
York quoting "A cablcsram from F:u"ECs
Ayres. at by the partner OF :, New York
iirI" ~ his own nous. in tn: latter city.
stating that - pr cent Of The Argentine
whe crop had h'en totally destroyed by
EaI~tormS AMI excessive rams. The latter
Information Wa, received here Monday last
in rhc MIDST Of the bears carnival of de-
pressing statistics. which represented wheat
pouring into Eui cpr in im!Il"ns'' quantities
1rUsn AL parts of the wcrld. and the bears
were in such humor and -!at-C.4 oi spirits
It tae present abundance that 80 attention
Was pad tn Il threatened small crop four
months Fence IN the -tTG. ntiIia. 80 such
pr,l onGcr&ncc of bear pap being t-re TO
distract ate ntion IRON the argentine sa,-
u.ition tod y. 1t had ii Tree Held in which
To exercise its lniaence.
Paris reported i.c hu. decline for JAM
April delivery. ana Antwerp it.c a bu- rise.
Liverpool closed at an advance Of from sd
to |,d for futures, and Californian wheat
the spot at .xi higher. TIE aggregate of
the primary market receipts WAS l,llVD
hu. against 1,2U3.Tp bu. last year. Ship
mentS from same places 423.tvo bu., as COM
pared with l53GI bu. the year previous.
The seaOOaId Ciearances OF wheat and hoEf
were equal to sJ1.s0 bU. Kansas City re-
ported great falling on tn country nc-
ceptances OF bids from there, to-day's being
practically nothing. The market was firm
until within half an hour of the close. when
in the absence Of much inquiry for spot
wheat, the bulls commenced to sell out. and
In doing so broke the market back from the
i.-c -.dvanCe il had made to about the level
oi yesterday CLOSING nSuE"s Inc opening
prices for Dec were from 75asc to 7sl.c. IL
advanced gradually to 15isa15Ac. dropped
near the end TO Ii:sc. and closed at 1oc, or
isc lower than yesterday.
Corn.
Corn most Of the day was dull to s:agna-
ton and prices had "A slight list to leeward
Local receipts were 31S cars. against 40
expected. and 80 was the estimate for to-
morrow. Primary Western markets re-
ceived total of l0i1.e.0 bu-, against soi.vyo
bu. the corresponding day Of the year previ-
Gus. SeabuaTd ciearanceS were ll2VJ bI.
Liverpool quoted futures closing at i.d low
er. III. demand for export at the seacoaSt
WAS light, but message from there said
the ocean freight room was already taken
cut this month. The sales for shipment
here were only l50e00 bu. Oct closed at
40 a iJ3sc. the range being from 4lac TO 4tat
"a iO5.c. Nov. opened at 3sc. sold At 3sd39i.c.
and down to S7%4c. closing at 3.;sc.
Oats.
Oats were firm, but duh, until wheat and
corn commenced to give way near the e. .se.
when oats yielded shade In sympathy.
Dec. oats opened at 22d22isc. or the same as
at the close yesterday. sold at 22lsc and at
2l7sa22c, which last was the closing price.
Local receipts were $50 cars, against lI3 the
year previous. and shipments c4.VW bu. as
compared with 32.1o bu the year before.
Clearances were 1900 bu. Estimated re-
ceipts for tomorrow were 20 cars.
Rive was easier and of about lc nominal
" in sympathy with wheat. With the ex-
ception of Il few sales In ear lots the mar
kct was l!!eless. Dec. closed at Soisc bid
and Sic sellers. Spot No. {. o. h sold at
52i4c. and No. t. o. b. from 4sc to lsi=c
Receipts were light. II cars. and shipments
4.i73 bu There were no exports out or
New York.