The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-03-08
CHICAGO GRAIN MARKETS
WERE ACTIVE, BUT WEAK.
WHEAT RULED HEAVY AND
LOWER.
Corn and Oats Closed With Loss
Provisions Active and
Higher.

SPECIAL.
chicago. ILL.,, March The grain markets.
were active and weak as Il rule to-day,
win those features most prominent in
the last hour Of the session. Pro-
visions were also active, but We're
the very opposite of weak, and closed about
the top of u good advance. Wheat had some
warm friends who gave its lettering steps
al the support they could. hut without
aEaii. 1t was too heavy. and closed i.Iasc
lower than 1t did yesterday. Corn lest &c
anu oats &c. and the most curious feature
or the weakness of the grain markets was
that oats. Which were largely the cause of
'he break III wheat and corn in the after
noon, lost less than either of the others.
Wheat.
wheat opened weak and the pressure to
sell was considerable for 4 matter OF ten
minutes, after which, the recollection Of the
recent pecularities of the market following
a decline. caused n return of caution to the
snort sellers. and q decided Iessening in
consequence Of the pressure to sell. j.
Ogden Armour's disclaimer for himself and
urn or doing anything OF a speculative
character IN wheat was n larger element
IN the opening weakness than perhaps many
VINO were influenced by it might be willing
70 In addition TO that, the
receipts We're too heavy for
cnil comfort. although 81 cars fewer than
received last year. the number of cars to-
day being HI. as against 52l the previous
year. chicago received 43. as against %
cars, ana Liverpool reduced quotations of
spot wheat from Il to I'D and futures go.
The spirit of activity In the market at the
openins here soon gave place to dullness,
atu lhe weakness to L feeling of renewed
confidence.
IF Armour & Co., have not been manip-
hdat,hs the wheat market. then we must
nc UP against something else" appeared to
" ahs reasoning of many who could rot
reconcile the recent Responsiveness of tho
n nncthdnn to- the usual influences with
Incidental to q deal, and they we're quite
uncertain whether they We're any The bet
Ter with Armour out or Armour in the oper-
htom. Great weakness late in the session
IN oats affected both wheat and cora adj
aersely, and. after wheat had partly re-
covered from the opening weakness. the
stump IN oats brought il all back again and
caused the price to get still lower man the
lowest iiSure made at the start.
Inc aggregate receipts Of wheat art West
ern primary markets was $4,000 bu., rs
against 64s,MO blu. last year. The Atlantic
Port c!earances of wheat and flour were
Sduai to 3ss,WO bu. Faris was from &c a
nj ,o%sr 10 UNCHANGED, and Antwerp &c
.ot<c 10 !1asc. and got rs high as 75I.c be-
lore weakness had fully developed in oats.
When the latter occurred May wheat
recovery, to 75Sd75iac bid. followed by n
maj collapse to 15c, and closing trades
were at 75475iisc.
Corn opened easier and from lac to I.c
below the price current for the May de-
livery at the close yesterday. 1t was fairly
Wei maintained around early figures until
oats commenced to show decided weakness.
when weakness became more marked than
at first and the lowest prices of the day
were brought about, Country acceptances
hand, brokers reported an entire absence
Of shipping demand. Local receipts we're
SSo cars srs. and the estimate for Tomorrow
amounted to 1854, 900 bu. Aggregate OF
Western receipts was 535, 900 bu., as against
6s6:0OO bu. the corresponding day last year.
40lac sellers and reached 4oa.c before its
material decline to 4OhM40Sc. The price
at the close was 40ssa40llsc, as against 4Oa14
@4OHc Wednesday,
Oats.
Oats We're again the leader in the weak
ness that developed in the grain pits and
In the general downfall that market created
than a large market would ordinarily give
forth from 4 loss of three times as much.
Long oats from tired holders formed the
the market invited sales also for short
account and some operations of the kind
were lightly indnlged in and in a eau
IlOuS T11nNeT. f1elInUOlZ, buckley, Kemp
her, Press, Ware and Leland and Tpdikc
were among the heaviest sellers. Buyers
were for the most part those who had pre-
viously sold short.
Local receipts were loo cars. with 2N5 es-
timated for Tomorrow. Shipments from
Chicago We're ISL. coo bu., and from the sea-
board 5000 bu.
After all the hysterical actions OF the
crowd the net loss for the day in May oats
in the end was only &c Il blu. The opening
was 25llsc, the lowest 2issc, and the closing
figures 245sc.
Barley.
Barley receipts were precisely the same
as those of yesterday cars-so light that
IL big business could not be expected. 1t
was well that receipts were light. as buy
ers were indisposed to a hold, COnse-
quently, receivers experienced some trouble
in disposing of arrivals. Prices We're not
affected by the inactivity; the majority of
sales We're made around 6Vda5c for fair to
good quality, with screenings at 3cG3lc;
low grade at 40ll45c and choice to fancy at
56n5sc. possibly above. Shipments were 1888
bu. and exports from New York S94 bu.
Range of Futurea.
Articles. Open. High. Low. Close.
wkeat-Mareh =. g. ~ -. ~.
Nay " sa1S. IS aa' &: 5at9 q.
May 4Naas Ha 4u.aa. 4os9,s
May .".. ~. 2,. AS ak
NAV =. 49,. AS 400 H.2J ;4.5.i.
Lard-March E. ..:.:... ...:.. ..:... 80
No., J.