The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-03-22
WAR RUMORS affected
CHICAGO WHEAT MARKET.
MAY DELIVERY OFF FIVE,
EIGHTIES.
Corn and Oats Weakened by Wheat
Pork Jumped at Opening and
Tempted Realizing.

REPUBLIC SPECIAL.
Chicago. March 21.-Wheat ruled heavy in
the absence of anything definite and any
probability of great Britain and Russia 60
Ing to war just now. May wheat was &c
! lower at the close than on Thursday.
Corn and oats were weakened by the ex-
ample of wheat. closing 1sc and Ac re-
spectively below Wednesdays final figures.
Provisions were very strong to begin with
an opening jump in pork of about zoe
tempted holders to realize their profits and
selling of that kind caused Il drop OF voc
from the highest price, and at the end May
pork was 55c lower than it closed Wednes-
day. Lard and ribs did not lose so much
relatively OF their opening advance. The
former closed with a net gain OF 21sc, ana
the latter of &C.
Early advices regarding the British-Rus-
sian difficulty Were of a more peaceful
character than it was represented yester-
day afternoon, and the principal cause OF
Wednesdays alarm among shorts In the
wheat pit-the firing upon each other of
the British and Russian troops-was ur-
confirmed. Owing to such lessened prob
ability of war May wheat opened at from
I6S.c down to 1886, "a compared Win 'ofs
gle at the close Wednesday.
Liverpool quotations were Esd higher to
begin with. but before the market opened
here the advance had been reduced to $50.
which did not look like apprehension OF
war, and that was an added assurance to
the traders on this side that Wednesdays
cables mad exaggerated the seriousness u
the situation at Tien-Tsin- In addition 10
the oil throwing on the troubled political
waters abroad. the Cincinnati Price Cur
rent made an stimat of l1i.VVt,vU bu.
wheat in farmers hands and lg2.vp.SO bu.
I wa rHhnIrSa GfnsEG and INC farm reserves
SO exceeded the calculation made
by the Washington Agricultural Bureau by
100000 bu.- and the warehouse stochs
We're 100000 bu. more than appears at
the points of which the official visible sup
ply statement make coSnizance. Ihere
were other factors TO be considered apart
from the probability of Il war between two
such belligcrants as threatened each other.
The weather was unpropitious and the do
nestle receipts We're light. Chicago re-
ceived liz cars. as against 80 last year, nut
when added to 3T7 cars at Minneapolis and
Duluth. the total was only 100, compared
with ,3S at the three places the corre-
spending day of last year.
a dispatch from Minneapolis said that IN
elevator company working eighty-tive
houses in the Northwest would not nave
aver 100000 bu. of wheat all together by.
Saturday. The inference is that much OF
the wheat coming to Minneapolis was from
winter accommodations in country elevators.
Paris quoted wheat futures from . centimes
lower to 5 centimes higher. and Antwerp
recovered the 112c a bu- decline it suffered
yesterday. Seahuard clearancas of wheat
and -four were equal to 1So.JD bu. There
was no shipping demand for cheat here and
New York reported sales of only four boat
leads for export. The market weakened
still more as the session progressed. anu
about half an hour from the close May
wheat was down to 76isc. 1t closed at Ft.
QI6sc.
The corn market was affected bearishly
b. wheat and the Improvement in grading
OF local receipts. Some assistance 10 bulls
was given near the close by the rumor CT
1900 Blu. corn having been worked for ship
important transaction could be obtained.
Local receipts were 20 cars, as against 326
a year ago. OF Thursdays arrivals 81 We're
contract and of last years y were cor
tract. Liverpool quoted futures I'D lower.
Seaboard clearances We're 4IS.rT bu. May
corn opened at from 4I4c to 4l@sc. and those
We're top prices for the day. The lowest
was 4llsc and the closing figures 4lAc. The
Stimat of fridays receipts Is 235 cars.
Oats.
Oats were easier with wheat and corn,
and the bears were encouraged thereby TO
add to their lines. May oats, which opened
selling as low as 2iAn3s. George Phillips
was the most conspicuous buyer. and Up
prominent sellers. Local receipts were 162
cars. as against 1T6 the same day a year
ago. Estimate Tomorrow. 40 cars. The
seaboard clearances were 122.GW blu. There
was no apparent change in the barley mar
ket- Trading was moderate and confined to
Il range of S2N i0c for screenings. 51M55c for
medium to good. with choice fancy at $50
SIC. 4 sale of $500 bu. of barley to arrive
was made on private terms. Receipts 6
cars: shipments 1854 bu. There were no ex-
ports from New York. Withdrawals from
store were 400 blu. of new No. 4 quality.
Rye.
Rye was slightly lower to begin with, foL
lowing the down turn taken by wheat. AT
the depressed figures few transactions oc-
CURED. May sold at sic on opening. &c
under previous days prices. Receipts were
ments We're 30 bu. of 10. 20 i ouaHiity' Nav Nav
rye became still heavier at the close. or &c
lower in bid price. March was nominal at
bid and sic asked. job lots OF May sold at
5t24c and sic. Spot rye market was neglect
ed. not a sale being reported.