The St. Louis Republic., 1901-01-23
WHEAT VERY BEARISH
IN CHICAGO MARKET
PRICE DROPPED OVER I
CENT.
Corn, Oats and Provisions Re.
nected the Heaviness Displayed
in Wheat-Rye Reacted.
REPrRIIC SPECIAL

REPUBLIC SPECIAL.
chicago. ILL.,, Jan 2e.-The effect OF yester-
Gays heavy export business in wheat was
| very ephemeral, as seen IN the closing price
| ior May, being the same II was Satur-
| DAY before there was a hint OF the impend-
| ing demand from abroad that sent the price
up yesterday The market opened weak. ard
| after short glimmering OF reviviag
strength. its light went out like the flame
| OF candle in gale. and was at the end
l-ltc lower than IT closed yesterday Corn
oats and provisions all shared with wheat
In Its heaviness OF spirit.
Wheat.
Liverpool did not follow the Improve ment
IN price of wheat made on this side yester-
DAY, quoting sd decline in futures and from
sd 10 i<d reduction in price OF spot wheat
before opening of the session here. In ad-
oiuon 10 the unresponsive attitude OF the
Liverpool market. the Northwestern re-
ceipts made their usual morning Duncture
IN the punching bag. Minneapolis and Du-
luth received 303 cars. as against 21S the co..
responding day of 1900. but the preceding
tuesdays receipts were s. carloads mo-,.
than came to hand to-day. Chicago got los
ears. compared with 4s last year. VIA
Liverpool lower and comparisons of domes-
Tic receipts so unfavorab.e for bulls. yese--
DAY immense export business became Int
mediately as If il had not been with that
large contingent of hand-tO-TnOuth specula-
tors whose impress sioHs are no more lasting
than breath blown upon Il mirror.
The aggregate Ciearances Of wheat and
Hour frnm Atlantic ports equaled 53i-Op bI-
Total receipts at Western primary markets
amounted TO $500 bu.. as against 2O6 coo fu.
The ike day of the year before. Blus fro Al
Europe were not generally workable, buJ
having availed themselves Of the low
prices preceding yestt rday's advance 10 bIy
a large quantity Of wheat. foreign import
. 20 not h.r1lN 80 fn1f haf nm
suddenly by buying ut lc advance
Trade was very dull ana after the hrSe
h2lt hour il vas for the most part ca 80
OF says the Governor OF North Carolina
10 the Governor of South Carolina.
The demand for exports which was neces-
sary to keep the bulls turned UP was not
forthcoming to the desired extent. no sa -
being reported made here, and only - boat
loads at the seahoard- Under such circuTn-
certainly became decidedly heavy. and !
May, which sold as high as 15c early in the |
session. declined 10 7i1sc near the end. and |
closed at 7ilsf'ihc.
Corn.
Receipts OF corn were sol cars. compared /
with an estimate of 10, and as the latter I
twice what was received the corresponding |
day OF the previous year, the effect of l0l 4
cars in excess OF the estimate was rather /
bearish. IL II had not been that so many I
prominent traders had committed them
selves TO the bull side in support OF
theory that the station productions, large
for the present rate of home consumption
and export. a heavier decrease than oc-
CURED might have been experienced In
the sol cars received cniy 1 was contract
and S53 carloads inspected into store the
day OF the previous year.
graded contract The total OF the DAYS
receipts at Western primary markets was
cis.y9o bu., compared with 4sltoO bu. the
Ike day of the year before. Atlantic port
clearances were 5000 bu. Business in this
rit was largely OF local professional char
aeter q no particular significance.
May corn opened al from 5ss.q'sc to 3s;sc.
md gradually declined until :Si.dssc was
reached, at which point the decline was ar
-ested The market after its decline to 5Sil
Iesc showed very little recuperatiye enes-
". did not again get above SS-sGS.c and
vas back to &c at the close. New
FORK reported 30 boatloads sold fer expert.
md SOU ba " ere sold for shipment hence.
Oats.
Long oats were for sale aga.n in consld-
rable quantity. and the price suffered in
on;SegGennee .'n;t sna Business ness was fairly active
rtbuted. SO that the source of the selling
vas more difficult u determine than it was
esiertay. Elevator people were sellers to
moderate extent: supposed TO represent
edges against country purchases. Local
eceiptI were 3i5 cars. against 80 the cor
esponding day las; year. ard shipments
year ago Seaboard cearances amounted
o only 5000 bu. May opened at from 25.n /
after price a good many buying Orusls
Tere uncovered The latest trading in May
ats was al 2i3sT21c: Estimates OF to-mor-
Ows receipts was ll5 cars. sale reported
lade for shipment from here amounted to
,.U0 bu. :
Barley.
The barley market ruled steady with NJ
pecial change in prices Receipts were
comparatively smaller 81 cars, and thCught
? be well taken up Local shipments were
l.0d5 bu. Good 10 choice mailing was
Notable over range of 50c TO fDc and
ancy at slNs2c. Medium grades rangeu
rom 50c to 55c. and low grades &c to fyc
Range of Futures. d,