The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-01-11
MAY WHEAT HIGHER
IN CHICAGO MARKET.
CORN AND OATS CLOSED
WITHOUT CHANGE.
Provisions Opened Strong, but
Weakened and Closed Lower
Rye Ruled Inactive.
REPTRIIc cprnAr.

REPURLIc SPECIAL
Chicago. ILL.,, Jan. ~10-To-day's speculative
business in wheat was a repetition Of many
In the recent past. When n number 9t
outside operators. who have velvet ~ a
deep. rich pile. made on Wall street. tried TO
improve the value Of the commodity. and
4 majority OF the local traders assumed an
attitude Of opposition that COMFORTS badly
win this generally expressed wish for more
outside business. The local crowd bewails
the absence OF the outsider and when he ap-
pears upon the Exchange il. in the language
Of the street. goes for him" The price OF
May wheat at the close OF the session was
sc above the final figures Of wednesday.
New York reported 80 loads sold for export
Corn and oats closed without change for the
day. provisions being considerably down.
Wheat.
Because Liverpool opened up a triie FOR
wheat futures this market did likewise. and
as news from Liverpool was likewise bull
ish regarding the Argentine crop outlook.
the opening rise was not materially dis
turbed the first hour. May started Tor the
most part at 7sL.c. but there were a few
transactions at and as high as 1Slzc. FROM
that a slow decline carried IT to use, but
a report from New York said wheat was
being bought on a fresh estimate OF the
Argentine eXportable surplus, when reduced
the latter TO %. 100000 bu. BrOOmhall like
wise remarked in his early cableSrainr IN
connection with the hrmness OF the Liver
pool market, that IL was because or Will
draWals OF Argentine offerings nom HTst
hands. The price of May wheat recovered
on such news from T5sc to 1sA4o. Specula-
tive business was quite light, with local
traders held in check by their experience OF
yesterdays deceptive market. which. with
the exception of its closing phase, aad
proved weakest when 1t appeared strongest
and vice versa
Domestic receipts, compared with those
Of last wear. showed somewhat smaller. but
not sufficiently 30 10 create mucn enthusl-
assn. although IL had Its effect during tho
cary nrmness, In conjunction WIN tue
Argentine news and with heavy ciearanceS
OF wheat and flour for the DAY from Atlah-
tic ports. Chicago received "a cars, Anime
apOns and DulgIh 20, as against I'll AZ inc
latter two cIsies the corresponding uaS VI
last year. Primary Western markets. re-
ceived ii total OF 4a5,sO Du-, coIhpared WIN
$1,000 bu. the year before Inc seaDOdfu
clearances OF wheIt and flour were equal 10
15S.vyv bu. Liverpool closed from 5ed 10 IA
higher for futures than II did Wednesday
which, SAID the local bears, was an unin-
pCrtant matter IN view OF the previous
days decline OF Id. a Chicago house IN
the export business that offered Kansas
hard wheat to the other side on a DdslS o.
yesterdays closing price received no &C
ceptance or counter bid Inc wheat was
offered for shipment from Galveston. anu
INT o kk@ ~ - -l+o
bought both at Buffalo and Boston for
which it cannot get a bid within &c a bu. OF
what it would cost II they had 10 puy now.
Paris reported an advance In wheat Tor
June delivery equal 10 &c a bu. without
changing previous figures for the March
June term. Antwerp also repeated the fig
ures OF the day before.
The market appeared heavy from the fact
OF its having opened at the highest prices
lowest, although the final quotation was &c
above that OF the previous day. |
Corn.
Trade IN corn was quiet and without
Special feature TO the attitude Of individual
The market started firm at
about &c a bu. advance for May corn, but
the Indifference of wheat to the bull news
that came TO hand rather discouraged hold
ers Of corn. Those who might have added
to their lines under different circumstances
waited for more favorable surroundings,
and some weak bulls dumped their small
lines Local receipts were only 33 cars. or
AZ less than yesterdays and OF
that only three carloads were Of contract
grade Aggregate receipts at Western pri-
mary markets amounted TO 10000 bu, COM
pared with $1,000 blu. the same day a year
ago. Seaboard ~clearances were 4A.Oo bu.
tomorrow are estimated at $50
cars. SO hat the lessening OF country re-
ceipts expected as a result OF the prevailing
unfavorable weather was not forcfbly pre-
scented in the immediate movement from
country stations.
May copn opened at from SOC to ssssc. COM
pared with 3sAu3s7sc at the close yesterday.
u btNllbE GONh " oo-kts IL ~ Ills i
price fairly well in the forenoon, but later
L yielded a little more with wheat and the
absence OF shipping demand. May corn did
not get below SSlzlSS&sc. and IT closed at
sac, or the same as 1t rested at yester-
Oats.
A moderate degree OF activity character
zed the days trade in oats. but the mar
lost some OF the bullish disposition with
which business started. There were some
lines OF long May oats sold out, in
iuced. perhaps. by the lack OF spirit in the
grain markets. Local receipts
we're 2S cars. and 25 were stlmate for
Shipments hence were 49, 500
~. from the seaboard clearances 2O6.OO0 bu.,
opened at from 204c to 25ac. and
;loSed at 21nc.
Nothing new developed In the barley mar
For some time the demand was very
'ood, principally from MASTERS. who were
,od buyers of medium grades. Receipts
2 cars. not quite so large as those Of yes
erday, and shipments, 1895 blu. Exports
rom New York 1882 blu. Former prices
we're still maintained ana were quotable at
S460c for good to choice. fancy at &c, at
which price one car was sold. Medium
rade5 ranged from &c to SIC, and low-grade
'arley from $50 to 5lc-
Rye. 1
Rye was inactive and &c higher early. :
asing or toward the end and finishing with
small gain of &c. or what II lost yes
erday. Receipts 8 cars. and shipments
TAI bu. New York exported nothing.
pot No. 2, Z. o. b., sold at 54c, and No. l.
o. h., at 4sc. Jan. was nominal at "
$ was also Feb. at SAC; May opened at
&c. declined TO 5o1sc, and rested at that
rice bid.
a