The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1902-09-19
GRAIN TRADERS WAITING
FOR A FAVORABLE SIGN.
PROFESSIONALS ABLE TO DE.
PRESS PRICES.
Weather Conditions Help Corn al
the Start, but Weakness
Develops Later.

Chicago. Sept. IS-G-ain traders were
waiting for 4 favorable sign to-day. Busl
ness was less active than Il has been for
many days. Supporting orders were not in
evidence enough to hold up prices. and. with
a bearish report on the corn crop put out
by a leading statistical journal. several
professionals took advantage of the dull
ness to put a selling pressure on all mar
kets. The weather condition was an early
aid TO prices. particularly to corn. but de-
! preston soon followed the selling. AT the
close. Dec. corn was I=6ac lower. Dec.
wheat EGSc down. Sept. oats &C lower.
and Dee. oats isc on Provisions closed 2s=c
to 22Ec down
CORN.
Corn business was the most active OF the
quiet markets At the start reports of
frosts and rains in much of the corn belt.
with freezing temperatures In Iowa and
Nebraska, stiffened prices. The frost talk.
however. failed to held up prices. \ prom
lnent journal printed a report on the corn
situation. saying that the crop condition
had been lowered a little by the frostS. but
that practically all the big crop was made.
a big interest that Is short heavily in botn
sept ard Dec. put some force on the selling
Sue with a result that prices broke IN
Dec. The local crowd took TO the same po-
sition. and on a few stCp-lOss orders the
decline was augmented Sept held fairly
steady on the poor condition OF arrivals
lneTG WAS an increase III EcCtlplS, cables
were lower. and receipts for
tomorrow were liberal 81 so cars. st.
Louis had reports OF new corn TO come u
that market soon. II was a pit theory
tnat an attempt was made to sell a line.
while the frcst talk helped up prices. on
the downturn houses with country connec-
lions took some OF the stuff and a small
rally resulted. Dec. opened a shade to
sake VI at nc to ifIsc. dipped to 43Ac. and
closed weak. i@GSsc OF at f3Sc. Receipts
were 3o cars. a. of contract grade.
WHEAT
Wheat ruled dull, but held up fairly well
under the pressure Corn was an influence
adverse weather for spring wheat move
ment. the lighter Northwestern receipts
IMAM were expected and 4 fair export bust
ness made the market sui The mar
ket In the main was one of a waiting char
acter. Reports of fine weather for seeding
OF winter wheat. Gables were lower. Dec.
opened unchanged to &c up at CSC to esas,
fen on to eSsc and closed weaker, lake
lower. at tsSqkc. Local receipts were "a
cars. 10 of contract grade: Minneapolis and
puiu,n reported col cars. making a total for
the three points OF $50 cars. against 40 a
week ago This day last year was a holt
Jay. consequently no comparison can be
made with statistics. Seaboard cleararces
In wheat and -four equaled 5000 bu. Pri-
mary receipts were 1.2l1.0O0 bu.
OATS.
There was an early drive against Sent. |
as oS eIevators. which knocked 1c Of the
price. Receipts were only fair at Ia cars. |
10 OF contract grade But private houses |
put out o. cars and sold against them. The |
Weather worked against the grading OF new |
STUN. out the corn break was n bearish In |
fuence. Trade was small. Sept. sold from |
&c to &c and closed weak. nc OF. an s9Sc' |
Dec. sold from 31Ac to a weak close 70
down. at SGSc.