The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-03-06
TRADE WAS STAGNANT
IN CHICAGO MARKET.
NOTWITHSTANDING, WHEAT
RULED FIRM.
May Delivery Gained a Fraction
Corn Lost a Little-Oats and
Provisions Steady.
REPEELIc SpEI,IAL.

REPUBLIC SPECIAL.
Chicago, March 5.-There was a much
closer approximation to entire stagnatior
of speculative trade in grain and provi.
sIons to-day than could be remembered IN
the experience of the oldest traders. Ex-
cept for a sudden galvaniZing of the wheat
crowd into some semblance of life in the
final minute or two of the session. and for
one or two minutes after the close, there
were no signs of life.
The feeling in wheat was firm in spite OF
the stagnatiOn of business and the official
close showed &c gain In May wheat and
&c more was added a minute later.
Corn lost &c. oats and provisions were
virtually without change In the end.
Wheat.
A quietcr and more nerveless opening to
the Chicago wheat market has seldom been
experienced. The first transactions were at
practically the same prices for May wheat
as the last of the day before. Although no
vestige of the old-time speculative spirl'
remained. there was ample opportunity, III
the surroundings of the market. for It's
display this morning. On the one mana
were lightly lower quotations from Liver
pool and on the other the realization of the
frigid weather In the wintcr-wheat country
that was only a probability the day before.
All that went for nothing with the us
heartencd crowd of local spectators, worn
out with attempts to make money swap
ping jacitknives among themselves. and the
wasting OF their ready money for priViieses
in an outside market that IS enabled to put
on airs by the revenue 1t has Tor some
time received from Chicago.
The local receipts of wheat were lG1
cars, &c having been the number Inspected
the corresponding day before. Minneapolis
and Duluth received only PA carloads. as
against 5S7 the like day of the previous
year. but the aggregate OF the receipts at
all primary markets was disappointingly
heavy. amounting to $4,000 bu.. az COM
pared with Gal 900 the corresponding day Of
the year before. SeabOard Clearances of
wheat and flour were equal to 407, coo bu.
Bradstreet's report of the weeks changes
In the worlds visible made 800. 900 bu. de-
crease, as against an increase of about D.
$4,000 bu. last year.
Liverpool closed at a decline for the day
of from asd to ld in futures and from I'D
to I'D in spot wheat. Paris prices were re-
ouccd from &c to 1c a bu. and Antwerp
was unchanged.
Bradstreet's figures and the cold weather
were the only bull features of the days
that remained undisturbed, but
these were sufficient to hold the market
most Of the session slightly above the pre-
bDt' Jay y 'tpSiIlS III u
AS the market came to a close there
sprung up a little demand, and the local
operators had already sold all they dared:
SO that. rather than leave short. they
bell tapped. j.. II. Wrenn & Co. had IL
buying order as the session was closing
which they could only fill by continuing to
bid for a moment or two after the official
close. Although 759sc bid was the actual
closing quotation, 75sc was paid in the pit
before the crowd dispersed.
Corn.
Dizziness in corn and oats could rot be
ascribed. as was being done in wheat, to
II preference OF the outside Spectator for
other grain c%enters. but in the two former
commodities there was no more animation
than in the wheat pit, Corn ruled caster
in prices along with the quietness of the
trade. May corn, which closed yesterday
At 4lhsc, opened at from 4GMc to 4gSc. and
to reach 4oHa41c for a moment; 1t closed
at 407sc. or Ac lower than II did the day
before. Local receipts were 63 cars, II OF
loads were received. 5 OF which were con-
tract. Primary Western receipts were 49,
900 bu., as against 100000 bu. the year be-
Shipping business as done here was re-
ported at 5000 bu.. and New York gave
export sales there at 1G boatloads. Brad
streets report of the visible made an in
against s.25o.ocO blu. increase the year be-
fore. Public and private elevators stocks
In Chicago were increased $50 blu. during the
last week. The stimat for tO-morroW's
local receipts was 200 cars.
Oats. n.r
May oats were held between the range of
!59sc and 25iac, closing at the latter. as they
lid also yesterday and the day before.
Local receipts were 81 cars. as against 43
he year previous. Shipments were 1861 900
lu., az against 10000 bu. the year before.
rhe Atlantic port clearanCes were 95.G0O blu.
rhe estimate of to-morrow's local receipts
Was 1sO cars.
The previous days dull tone of the rye |
did not vary. but Notwithstanding
he inanimate situation prices were nomi-
lally unchanged. May being O4c bid and
lhc asked. Receipts were light. 2 cars. and
1880 bu. New York exported
Withdrawals from store were $500
III. of No.. 2, and private elevators 1 car of
he same quality. Rye. just before the
lose. firmed up. and sold at lsGAc higher. |
March closed nominally 5Otc. May opened |
It DAc bid. sold at 51Ac, and closed at |
,llsc. Spot No. 2, f. o. b.. sold at 53c. and
No. 3 on trk. Soc. |
Barley.
Barley was reported entirely unchanged
nd very inactive. Receipts were 80 cars. |
smaller than those of a year ago. |
Sales were at 4Sa56c for low grades to
,ood screenings from SOC to 35c. while choice
o fancy was quotable ut 6Sg6Oc. Shipments
we're 13.477 bu.. and exports from New
York nothing.
Range OF Futures.