The St. Louis Republic., 1901-01-08
iRREGULARITY the
feature OF THE DAY.
WHEAT HIGH AND LOW
WITHIN FEW HOURS.
Spectators Carrying Good Sized
Line of May Wheat Started TO Tn
load-EverybOdy Followed SUIT.
REPrBLIC SPECrAL

The fluctuations was the most prominent
| feature of the wheat trade to-day MAY
wheat. after making 1880 in the forenoon
It's highest price for the season. proke 10
'sc about half an hour from the END 0i
the session. and closed practically at the
bottom. and la.c lower than II dld Satui-
day. Corn and oats were firm ana strong
enough to successfully resist the influence oil
the closing decline in wheat
wheat.
Wheat opened IN "A way to suggest some
change Of opinion since Saturday regarding
the future Of the market. although hoihhs
Of a tangible character had meanwhlle &C
CURED to which the alteration IN Sehti-
ment could be pointedly ascribed- The al
vance OF from I'd to A!d with which Liver
pool opened may have. on account OF i's
inadequacy. prompted some OF the selling
OF long wheat held by prominent local op-
orators. which was a feature OF the ear!
trade. such selling may have been IN
duced by u comparison between the Mime
apolis and Duluth receipts or to-day anu
the Monday preceding. those OF to-day De-
Ing ~ carloads more. although when com
pared with arrivals at the same places the
corresponding day OF last year they We're
2s3 carloads less. The worlds shipments
were only 5.178.O01 bu.. wheat and hour last
week. and all but l.32+.Oo bu. OF the total
was shipped from the United states anu
Canadian ports. an item which should have
had some influence with the bulls. anu
probably 1t did. although its effect was not
felt In the market for half an hour or ~
after the start. A decrease OF S2O,Vo bu
In the amount on ocean passage was an
other point in the days statistical infornt-
tion that did not appear TO convince the
bulls OF its significance. The crowd watched
the dOings of this or that heavy commission
house with a closeness that argued the at
tachment of more Importance TO their oper-
atiOns than to the matters which usually
are considered ruling agents In the busi-
ness. What they were looking for was eVl-
dence OF the spread into grain Of the Wall
street speculative fever. ana they lnas-
ined they detected IL ON TWO OF three oc-
casions.
Chicago received ia cars of wheat. Min
neapolis and Duluth 5573 cars, against 411
the Monday previous ana no the CORE
spending day of the year before. The to-
tai received at Western primary markets
was 9l:,O1 bu-, against S2S.co bu- the year
before. Shipments of wheat and four from
the seaboard were equal to $4,000 bu. Liv-
erpOOl stocks increased 32.O00 bu.. the total
of wheat Is 1900 bu. Liverpool lost some
OF its early advance. leaving on with the
small net gain OF from l4d TO ssi quota
tions of wheat at Paris were unchanged.
while Antwerp showed fresh gain OF l2's
Genuine. or Asc a bu- London quoted hour
81 higher. The visible supply decreased l63.-
600 bu.. and is now 6l As. 0Vg bu.. against o.
$1,000 bu. last year.
The market had various changes during
the day. but was more inclined 10 he bull
ish than otherwise until within about hall
an hour from the close, when Geo. Smith.
who had accumulated good sized line OF
May wheat, tried to dispose OF IL. the price
at that time being close TO 19c. The watch
ful pit traders We're quick to see the move.
change III views OF good bull long
as there is hope for that side. they fol-
lowed suit. and ran the price down TO 7Sc
in their efforts to unload. The price at the
gf
from 19i.c down to sc. and there were de-
clines To sssc, and reactions TO higher
or the highest point reached so far on the
recent bull movement. having been touched
In the forenoon.
Corn.
large speculative business was done in
corn In the forenoon. with prices tending
upward the greater part of that time. COun-
Try acceptances vere reported small. but
the days receipts were liberal. and sever
al other matters OF a Statistical kind were
not OF any assistance 10 the bull side Local
receipts were 5A cars. against 332 estimated
Saturday, with 40 carloads expected to-
morrow. Primary Western market receipts
amounted to $4,000 bu.. against $50 go bu.
me similar day or the year before. The
quantity on ocean passage was Increased
232,OO0 bu.. and the worlds shipments TO
Europe last week were 5.73s 900 bu.. but all
of the latter but Las 0JaD bu went from
United States ports. The visible SUNNY in
creased 1866. .0oo bu., and now amounts TO
le.fDcD bu.. compared with 12.sl3.0O0 bu.
iilSt year. SedDOdru cleardnceS for the day
were 762.o10 bu. Liverpool stocks OF corn
100. 90 bu. last week. but are only
now $4,000 bu all together. Corn main
tained front that was firm in face OF the
crop in wheat near the close. May resting
at 36tsH3sz.c &C. the high being 39I.c and com
pared with SsAG3slzc Saturdays closing |
price.
The oats market was again gratifyingly |
active and for the mos; part strong. al !
though good deal OF selling was done by !
~ s.e
lest individual selling was done by Me
reynolds Co. and George Phillips. who !
Local receipts were 36s cars. and shipments |
ls3.0O bu. Estimated receipts for to-mor- |
row were 3l5 carloads. Seaboard clearances |
OOe bu.. and its total is s.s32oO0 bu. against |
!, ,25l.V0 bu. the similar time OF last year. |
May oats opened at from 25i4c to Z5'zc. and !
as high as 2Js.c From that they reacted |
TO 259sc which was the closing price and &c |
above the latest figures Saturday.
FIaxseed.
Very little life existed In the iaxseed |
market. as for fortnight past. but in |
spite CT the duIlness It showed some |
which was traded in sparingly at 81 g. Out |
side Of that transaction. nothing occurred |
early. Receipts were 3 cars. or 217 $50 bu.. |
and shipments nothing. Minneapolis ar
rivals were 16 cars. against 20 cars the |
day OF last year. Duluth's |
receipts were s cars. compared with car
market closed from unchanged to Ic higher |
In bid price for spot and futures. Jan.
finished at t1.55 bid and SIS sellers MAY |
opened at 81 and rested at that price hid /
and 81 -e3 sellers: No. spot sold at SIS and /
rejected over a range OF S. l.i5lIsl52. Duluth's /
market was 1I=c higher I'm bid price at the
end.
Timothy and Clover Seeds.
Timothy was inactive but slightly higher.
as the same kind seed offered to-day sold |
At higher prices than were bid Saturday,
Or from 81 to $40 per GENITAL, at which
prices about or cars changed hands
quoted nominal at S75 for Jan. and sis2il
Tor March. Receipts were comparatively
light. Sl.Ooo lbs. and shipments 122 654 lbs
Glover seed was entirely nominal. not a
samples offered for inspection. Samples
we're nominally quoted at S7Jd 10 % for !
common to good seed per GENITAL. Futures :
were also nominal at 5000 for Jan and
1905 for March. There were no receipts I
Jr shipments.
Provisions opened with a bound. but all
he subsequent efforts of the trade were
directed TO dragging them down again, in
which they We're partially successful. The
irmness or hogs at the yards. where iOc
addition TO their price was reported, was
he ostensible cause OF jumps at the open
ng from 2oc to 2,kc in pork. 1,9c in lard
we're in the end cut down to PIC in Jan.
ard and 2hc each In Jan. and MAY ribs |
while lard was left as IL closed saturday
md May pork at even 10c decline. Local
un OF hogs was 5000 head, and 900 were
for tomorrow. The total at the
,hief Western packing points was sl.oO. |
lgalnst szJOD a year ago. Liverpool quoted
cumberlands and hams Sd higher and lard
ip Cd. The average weight OF last weeks
logs at Chicago was 2H lbs, against 81
he week preceding and 81 lbs. last year
Range of Futures.