The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1902-08-26
SHORTS HEAVY BUYERS
OF WHEAT AND CORN.
CHICAGO STRENGTH CAUSES
ALARM.
Visible Supply Of Coarse Grain
Shows a Heavy
Decrease.

Buying by shorts again caused q sharp
advance in the price Of Sept. options in both
wheat and corn yesterday. Corn was the
feature with a gain OF nearly &c a bu- based
almost entirely on speculation. In this
grain the statistical news showing a de-
crease in the visible supply was the main
factor.
After a strong opening, wheat declined as
the result of a sharp reaction in the second
hour. but the upward movement IN corn
bolstered the market at the close. Though
stocks Of contract wheat in store here
were light, the visible increased and 10Y
elgn prices eased off after the opening. Buy
ing in the last hour caused an advance
The visible supply of wheat the past week
increased $500 bu-, against 4 decrease oi
TO- coo bu. q year ago. ST. Louis stocks IN
creased .L2.QD bu. and Chicago jucreaSeu
$4,000 bu. Total visible supply, D.6SS.UO Du.
against @.26i.gO bu. e week ago and %
OGIGO a year ago.
Wheat on ocean passage afoat for Europe
curing the past week reported at 2l,VN.cO
worlds hipmen of wheat TO Europe
during the past week estimates at S,655,c0
bu, against 10000 bu. a week ago and
9.742.00 bu. a year ago.
Liverpool stocks of wheat reported al
2,80.OO bu.. u decrease Of $4,000 blu. during
Sept, Wheat opened &c up and sold at:
SIC. Use. 66zc, e5Tsc. 655sc. s6 r &c, e5&c 6sE
S74c, s7G457Rc. 67kc. s77sc. Dee sold 81 CSC.
SO, e5sc. csc. s5Ec. s5Tsa6sc. %. a657sc 655c.
esEc. May closed at CSC, CSac. 6sssc-
There were rumors Of a squeeze in Chica-
go and the corn shorts here bought heavily
the two markets and the scarcity OF con-
tract grain caused brisk bidding. Sales
were made early at an advance OF e. Later
there was a decline, but toward the close
the heavy decrease in the visible had its
effect.
The visible supply Of corn the past week
decreased 2UlIttU bU-. AGAINST a decrease OF
BIS. 900 bu. in 1871. St. Louis stocks decreased
$4,000 bu. and Chicago decreased 1.1S0,00
Total visible supply $.42.CQ0 bu., against s.
$4,000 bu. a week ago and 12,2C5,Gn bu. a
year ago.
Corn on ocean passage afoat for Europe
during the past week reported at $4,000
ybu-, as against 10,i55.0 90 bu- a week ago.
Decrease. &5,GOO bu.
Worlds shipments Of corn TO Europe dur
ing the past week reported at 2,4o4,oO0 bu..
against 2,62l,G9 bu. d week ago, and J.6l2,-
Liverpool stocks Of corn reported at 1885,
COO bu., a decrease Of 1900 bu. during the
past week
BIC. 3T4c. &c. size. @7&c, 57tc- SI7sc.
Receipts of wheat at st. Louis were 229.-
30 bu., of which ISL SKIS. and Us cars To-
bu. of which 7OSS SKIS and 100 cars local and
los cars through, in 1901.
Receipts OF wheat at primary points were
I.1S6,919 bu-. against L.556,G00 bu. a year ago
and shipments were Sl3,043 bu-, against 49,
w bu. Inc Northwest received 4b cars,
against 7O cars in 1901 Chicago received
224. 46i bu. and Kansas City 1920 bu. The
c~learances amounted TO $4,000 bu.
Receipts of corn at st. Louis were 32,4o
bu.. OF which q cars local and Il cars
through. against 128.00 bu., of which 122
cars local and 50 cars through in 1901.
Receipts Of corn at primary points were
159, $50 bu., against $4,000 bu. in 1901, and
shipments were 1e,1i9 bu-, against O,OOO
bu. Chicago received T.TTG bu. and Kansas
City 1900 bu- The clearances amounting
to 2.400 bu-
Receipts of oats at St. Louis were rs. 200
bu.. of which 200 SKIS. and Y cars local and
13 cars through against G2. 100 bu., of which
40 cars local and Z cars through, in 1901.
Receipts Of oats at primary points were
747, O24 bu.. against 616, 900 bu. a year ago, and
shipments were 3l3.077 bu., against 23i,OO9
bu. The clearenceS were 32,001 bu.