The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-03-19
MAY WHEAT LOWER
IN CHICAGO MARKET.
CORN AND OATS A TRIFLE
DOWN.
Provisions Closed Higher Under
Good Cash Demand and De-
crease in Western Receipts.
REPUBLIC SPECIAL.

SPECIAL.
Chicago. March ia great change in
speculative sentiment came over traders in
wheat since Saturday afternoon. 1t was
seen from the tenor of advices from China
that the lion and the bsar. whose reported
fierce Srowls at each other in that country
Saturday had agitated the crowd. We're not
likely to get beyond the snarling point in
their quarrel, and that eliminated 4 large
possibility from the future of wheat prices.
The response from abroad to Saturdays
c;lbled offers of American wheat was feeble
and did not result in any direct export
business here from there. while New York
could only discover traces of 10 boatloads
having been worked. May wheat closed lc
lower than it did Saturday, the latest
trading being at 76asc, after having been
down to 7bc.
Corn and oats were each a trihe down.
Provisions were somewhat higher.
Wheat.
The Liverpool wheat market was unre-
| sponsive to saturdays business in Chicago,
and on such want OF sympathy in Liverpool
with the chief source OF its supplies local
spectators here were reconverted TO The
faith Of the bears. The opening prices for
May wheat yielded to the extent of from
sc to &c. opening transactions for May de-
livery being at from U1sc down to &c. The
tendency during the remainder of the fore
noon was toward a still further decline. and
almost two hours from the start it was
down to 763sa76l2c In addition to the want
Of bull spirit in the Liverpool market. the
W receipts were too heavy Tor
bull comfort, Minneapolis and Duluth get
ting I09 cars, as against $40 Monday pre-
csding. but they were to-day lS9 cars small
er than those of the corresponding day last
year. The closing of Liverpool was at sd
decline for May wheat, as compared with
Saturdays final prices.
The scaboard ciearances of wheat and
flour for the day were equal to $500 ~.
nearly all from New York. The worlds
shipments to Europe last week were I,ooS,Vo
bu.. as against 7,ls6,0O bu. the same week a
year ago. The market had an accession OF
weakness before the midday. when May
wheat got down to 76c, and after that the
rallies were feeble.
Business in the corn pit was without fea-
ture. but decline in wheat and fine spring
weather We're helpful to bears, and with In
crease In the proportion of contract corn In
the local receipts the speculative sentiment
was beariSh.
Local receipts were 3S3 cars, of which 162
were contract, compared with 40S received a
quality. Shipments from Atlantic ports for |
the day were only 1900 bu. Liverpool quoted ,
futures from unchanged to I'D higher.
The quantity on ocean passage decreased L.
sos, 900 bu. and visible increased 1,32l.00 bu.
The amount afloat for Europe was 9.52o, 900
bu.. as against {, 156,00O blu. last year. and the
visible 2,3iS.O00, as against 2.5i2,VW bu. a year
ago. May corn opened at from AIS to 414c.
and ruled fairly steady the remainder OF the
day at or within &c Of 41asc. The closing
figures were 41ss4411sc, as against 4lssc Sat
urday.
OATS.
Oats market was slightly easier. in SYM
pathy with other grains. the price of May
at close being 25isc, as compared with 25Ac /
Saturday. Tine range of the days fuctua- ]
tons was from Csc to 25Ac. Local receipts +,
numbered IA cars, as against az the year
before. Shipments from Chicago were 2A,GO
bu.. as against 10000 bu. last year. Sea-
board clearances We're under 10000 bu. The
visible supply increased 500 bu. and local
stocks were added to by just as much. The
total visible is 1851. coo bu.. as against g.
72S.C0 bu. the like time of the year before.
Estimate of to-morrow's local receipts was
26o cars. Among the more notable of the in
dividual transactions was Patterns selling of
July oats. which would probably amount to
7e%0W hu.; and the { buying by George H.
Rye.
Rye market felt the weakness of wheat
and the Indifference on the part of buyers to
prices dropped &c. Receipts were 5 cars and
shipments 4196 bu. Visible supply aggre-
gated 1.19S,0OO, an increase of 5000 blu. Lo-
cal stocks amounted to $1,000 bu.. a de-
crease of 1900. Clearances of rye last week
at Atlantic ports were 5000 bu.. compared |
with 900 bu. last year. March was NOM
50&.c bid at the close. Spot No. 4 +. o. b.
sold at 45c.
barley.
Receipts of barley were small, 81 cars:
and. on this account, very little business
transacted. The market ruled steady
at. Saturdays figures. Samples were well
luhVh up, ShtSpS Sclie ldLICy Ou ClioiCe
sold at soc. with medium grades at 5Gd5lc:
grades Acc and screenings down to 31D
To arrive barley was 56c bid. Ship
were 10000 bu. and exports from
New York nothing. C%learances at Atlantic
ports last week amounted to nothing, com
pared with 232,0 100 blu. last Year. Local
,tocks 1000 bu., a decrease of 1000 bu
FlaxSeed.
Flaxseed was more active than it has
,eeD in a number of days past. Buyers
showed an eagerness to get into the market
md on this account prices advanced from
&c to SIC for futures. while spot seed
vas not materially changed. Near the
lose the demand slackened. Therefore the
market reacted a little and finished with
&c gain. March sold at s1.5i11s and rested
here: May sold at s1.54 to s1.55 and stopped
It S1.52 bid. Spot No. l Northern sold at
1.55: while No. 1 Southwestern s1.a. Re-
ected seed brought $3.50. Receipts 80 cars
nd shipments 6 cars, Or 49, o. blu. Duluth
lrrivals 2 cars and Minneapolis 81 cars.
duluth market was kn1c higher. There
vas no change in downward trend taken
" the timothy seed market since Saturday
md a result of free offerings it depre-
lated.
Range of Euture.