The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1902-09-13
KILLING FROST RULES THE
TRADING IN GRAIN PITS.
CORN SHORTS GENERALLY
PREPARED FOR RISE.
Longs Disposed to Take Profits ut
the Top Prices-Provi-
sions Higher.

Chicago. Sept. IA killing frost in half
the corn belt ruled the grain pits to-day.
While corn shorts we're Largely prepared for
this sort OF news, there was a good I'D
turn in the coarser grain early and a good
and active business was done. Principally
In sympathy with the corn advance. wheat
made fair early gains. The outside situa-
ton. however. was weak. warmer weather
was predicted. and. while some OF the cora
general took profits Aost of the corn gain
was lost. ana wheat under pressure closed
weak IN the sept ana Dec. wheat both
iosJSc- Sept and Dec corn gained .c, ana
Dec. oats lost &c. Provisions closed "a &C
10 14Zizc higher.
CORN.
So much precautionary buying IN of short
corn had been done in anticipation of the
frosts that the market was uereft OF The
exciting feature that otherwise would have
characterized the Opeaing- Killing frosts
were reported IN the Dakotas. Minnesota.
Iowa and Nebrsska. and lighter frosts IN
Southern Kansas. At Spencer. Ia. the
damage was estimated at 50 per cent. What
was missed in last nights frosts bid fair
10 be nipped tonight a big buying basi-
ness started carry. led by commission
houses The local crowd was somewhat
against the price. and sold. but the demand
was good and Ialr advances were registered
early. Local receipts were improved. botn
IN qla!ity and quantity. and cables turned
n trihe better. While most of the local
crowd wanted early profits. il vas neariS
mid-session when he outside began TO be
affected by the advances. and at that time
highest prices were reached However, the
late liquidation and predictions for warmer
after to-nights probable frosts
Topped OF much Of the corn gain. May was
strongest and closed strong. &C up AZ 4Iisc-
The nearer options were supplied TO the
shorts in sufficient demand, and, with the
belief that the frost scare was passed. trad
ers allowed prices 20 close at barely firm
figures. Sept. sold as high at cG;2c. and
closed &c up at sOc- Dec. sold at A=c. and
closed &c higher at is:s04ie. Receipts were
us cars, 90 OF contrac- grade.
WHEAT.
Wheat made some advances early in the
Gay in sympathy with the corn bulge. but
after a fairly heavy business, TIE pit turned
heavy and the close was weak Al the put,
a big elevator and the commission houses
The irosts North. the continuation Of the
Were the other bullish Incentives. After the
initial upturns the early buyers turned
quiet sellers and the gain and more be-
sides was lost English cables were lower,
but the Continent held firm. ST. Louis was
q fair buyer here. Inasmuch as the corn
market was the leader. the clearing slump
10 the late ease in corn Dec. opened SO
i4c to AGHc W al CSC TO Csc, sold TO
&c and closed weak. ac lower at esueslsc-
Sept. solo from Tfi=c down to a weak close.
&C of at 1Sikc. Local receipts were sS
cars. Z OF contract grade: Minneapolis and
Duluth reported s1 cars. making a total
last week and liza a year ago Seaboard
clear2nces in wheat and -four equaied e40.-
Og bu- Primary receipts were 1.ll2.ooo bu-.
to lf79.oJ9 bu. last year.
OATS
Oats had only a small share OF the inter
est to-day. corn detract.ng largely from this
pit There were NJ prominent features. and
the small early advances were purely SYM
pathetic. There was a small demand for
cash stuff- Scattered selling took away
the slight early Improvement and prices
closed easy. Dec sold between 37sc and
the close. which was &c down. at SIG
Receipts were us cars. s o. contract grade.
Raure nf Eufure