The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1902-08-26
CORN LEADS IN ACTIVITY
AND MAKES GOOD GAINS.
GRAIN MARKET AT CHICAGO
Is ERRATLC.
Wheat Crowd Governed Almost
Entirely by Conditions in the
Harvest Fields.

Chicago. Aug. 25.-Corn led all other
grains in the point of activity and price
advances to-day. Other markets We're in
cliuea toward dullness ana at times almost
20 enc was in the pits. Congestion in
September corn. with big decreases in local
stocks and fears OF 4 natural corner We're
the buIllsh factors. After an idle hour the
other grains advanced in sympathy and At
the close. Sept. corn was lsc up, Sept.
wheat %H7sc higher and Sep. oats Sc ad-
vanced. Provisions closed PFC TO l2@c
higher.
Corn WIS erratic. The opening indicated
a possible bad slump on the Offering OF i
small quantity of sept. and on fairly Soou
crop reports, Gables, however, were strohS'
the outside markets, especially St LOUIS,
were higher IN rain reports from Iowa, anu
heavy buying 10y prominent elevator In
terests followed. The market gained
strength rapidly N the continued small re-
CelptS ana IoOr grading, tAiy 10 lose part OF
the advance again as soon as ne i1iS
wanted to take 4 little profit. Stocks Of
corn here have decreased rapidly durluS thE
past. until to-day there Were only -,-uy.t-Y
bu. on hand. The general gossip was thaL
II any Of the big shorts started 10 cover
their lines wiki this, prices would jump
Naturally following Sucn a condition ne
market nervously responded to every hli
5sl:c, dipped TO 5.7sc: advanced TO 2'-tt;
lost nearly 1c, but rallied bElSEiy ana ciosts
strong. lisC up at 5ti2c. hecelpls were %
cars, ) OF contract grade
Wheat.
Wheat was only fairly active at odd mo-
meur.- Cables We're lower and the weather
Northwest was favorable. The crowd IVES
inclined to be governed almost entirely "
conditions in the spring haryeStS. but the
very poor grading prevented them IryiH
selling much. Sept was hard to BUY. ana
WAS taken freely wherever offered. Ihere
was no good advance, however. until corn
showed good strength. and the cash &c
maud was reported improved. Later the
Northwest bought fairly. and then on excel
lent seaboarG cleaTanCes prices mac GOO
gains. Outside markets showed a better
tone. the Southwest had a good saInp.e
trade and Duluth sold for export. sept
started &c lower TO sc up at Tie TO Use.
and after selling at l2i2c closed srGns'
%G5sc higher IT 724sGi2i=c- Local receipts
were 2T cars. only > Of contract grade;
MINNEAPOLIS AMI Duluth reported 800 cars
making a total for the three points OF DO
cars. against 6ST last week ana S"0 d year
Worlds shipments were bullishly smaller
than expected at $500 bU-, against S.'io.-
CaO bU. last year. Primary receipts were
/ sOG COO ku. against $4,000 bu. last year
Seaboard ~ClearanCeS in wheat and Hour
1900 bu.; breadstuifs on passage
increased $4,000 bu.
Oats.
Oats were weak early in the day. on far
selling. Trade was dull, but when corr. au-
vanced the buiiish factor OF very nshI
eject and prices advanced
The outside did some buying. Crop pros
poets were good. Sept. sold from 53i4tS5sc
10 32z.c. rallied TO 3Gsc and closed strong
er. sc up at 232.c. Receipts were 70 cars
only s of contract grade.