The St. Louis Republic., 1901-01-15
WHEAT OPENED STRONG,
BUT CLOSED LOWER.
SLUMP AFFECTED OATS AND
CORN.
Both Lost Their Early Gains-Pro-
visions Ruled Strong and Were
Materially Higher.
REPUBLIC Special.

REPUBLIC SPECIAL.
! chicago. ILL.,. Jan. H-Wheat opened
strong and closed weak at iaGSsc lower
Tor May delivery than 1t rested Saturday.
osts and corn were affected by the
changes in wheat. both losing the early
gains they made. but where oats managed
| 10 close without loss corn suffered the
slight loss OF l-l6c. Provisions were strong
and materially higher In the end than Sat
urday's final figures.
wheat.
"heat started firm at about the closing
prices or Saturday. which latter II was re-
fnembered was the top notch of &c advance
on the last day of the week The trade was
small Tor a few minutes. chiefly because OF
the small offerings. there were plenty
OF buyers at the opening figures. The latter
were graually added to and kept on a
steady advance until the price. from 77ssc
ana H;sc for May wheat had reached 1850.
IL gradually fell from that to 7T7sc and
nuhg Tor some time afterwards between
";sc and 1Sc. Considerable activity ac-
companied the advance and subsequent de-
cline.
As on Saturday. the advance was in spite
OF some points In the early news that have
usually bearish influence. The domestic
receipts were heavy enough to be regarded
pearishly. but the trade has apparently be-
GO me used TO that feature of the situation,
Ike healthy draft horse TO his load, which
starts from the stable frisking and kicking
as wheat did to-day. and only sobers down
sIler feeling for some time the steady
ufag OF the loaded wagon.
Chlcago received 57 carloads, as against
81 last year: Minneapolis and Duluth 645
carloads, compared with b73 the Monday
preceding and 15I the corresponding period
OF ,ne year before. The aggregate receipts
a, az ", western primary markets amounted TO
~ afftu~ fsla A.. n
DAY or the year before. The seaboard clear
shces Tor the day were equal In wheat and
hour to 4S6, 600 bu
The worlds shipments of wheat and four
10 Europe last week were sy369OO0 bu., as
against 5.2Ss 600 bu. the week before and
sri s'vo hu the corresponding week OF 1900.
me quantity Of wheat and flour on ocean
passage Increased 10000 bu., making the
toial zS.321Oo0 bu-
An increase in the visible OF 10000 bu
started considerable selling OF wheat, which
was Kept up to the end. and 77lsd77Ssc was
urday.
Corn was firmer and higher the first hour
on account of the unfavorable turn to the |
weather. but weakened afterwards with the
loss by wheat of the bullishness with which
the latter started. and. after rise of i.c,
closed with loss of 1-16c. Local receipts
mere oV2 cars. none of which was contract |
ses.Wo bu,. compared with $4,000 bu. the |
corresponding day last year. The worlds |
shipments or corn to Europe last week /
were .. .i450oe bu.. all but $4,000 bu of which \
were from the United States The day's
shipments from Atlantic ports were Ioss-
~ pu- The quantity on ocean passage de- |
creased 1ti.W0 bu. There was an Increase /
OF 2l2.vO bu. in the domestic visible which /
now amounts TO 10. 0.s32.0o0 bu., as against 4
Y $4,000 bu- a year ago. Liverpool quoted |
.orn futures I'D higher. Trade was
enormously active. with nothing worth
mentioning in connection with individual
operations.
The opening for May corn was ss1zGss.c
and the latter proved the top of the day |
range. and 1t fell to 3sssc and closed at 3s;,
g5si:c.
Oats were firm for the most part. not
getting more than 1-lec under the closing |
Price OF Saturday. and leaving of at l-1Sc |
tcvance. The opening for May oats was |
rom 2{5sd2Jc to &c. and from that IL |
Jumped quickly to 25i4c. The closing fg-
res were &c Local receipts were 3s4 cars.
>oard clearances were 2<7 O00 bu. The visi-
lie decreased $4,000 bu-, and that leaves 81
l2oo bu, against 5.o67.0o bu. the similar
lime last year. v ss
Barley.
Barley was from unchanged for good to |
ancy grade TO loss of 1q2c in some in
'tances for other good. owing TO the
Receipts were So cars and ship |
nents a.4ss bu. Exports from New York
we're 13.e41 bu- The visible supply summed |
ID TO 2zD,oo0 bu-, decline OF 253eo0 bu. |
zocal stores were 2SS.0o0 bu.. an increase Of |
1000 bu- C1earances at the seaboard last
Veek were 10000 bu.. against $4,000 bu |
he Ike week Of the preceding year. Good |
0 fancy grades were quotable over a range |
4 5Sc 10 &c, medium from Sic 70 SC ani |
DIV grades isa50c.