The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1902-09-18
GRAIN MARKET Is FIRM,
THOUGH TRADE Is LIGHT.
CORN MOST INFLUENCED BY
BULLISH WEATHER NEWS.
Rains in Northwest Help Strong
Cables to Make a Strong
Opening for Wheat.

Chicago. Sept. 1.-THE general tone in
grains to-day was firm. Predicted frost
to follow the recent bad weather was a
potent factor. Trade. however, was still
largely confined to the local crowd. espe-
cially in wheat and cats, and inasmuch
as THESE pits ruled dull, price changes in
them were small Corn felt the weather
mOs6 and was active most OF the session
At the close, Sept. wheat was &c lower.
Dec. wheat &c up. Dec. corn lc higher
Sept corn &c higher and Dec. oats sc up
Provisions relt the effect OF a raid in DC
tober pork and closed sc higher to soc lower.
WHEAT
Rain in the Northwest with much cooler
weather predicted was the cause Of a high
er opening in wheat Cables also were
construed bullishly. The fact that the re-
ceipts northwest were much increased over
last week and a year ago was Offset by the
expectation that IN consequence or the rains
the spring movement once more would be
curtaiIed. Cables advanced a little as the
session moved on, and the export business
was good. both Duluth and New York re-
porting - loads taken and Buffalo lcaVp
the market worked against good gains
Much of the time the pit was almost de
serted. Price fluctuations were extremely
narrow and little business was done Al
ter the first hour. interest died out. Sept.
wheat sold between IS and I2iSc and closed
easy, &c OF. at IeAc. Dec sod from u 70
up. at sc. Local receipts were 200 cars. s
OF contract grade. Minneapolis and Du-
luth reported 7s cars. making a total for
the three points of sJs cars. against 5iI last
week and 73 a year ago. primary re-
ceipts were 1.453.00 bu-. compared to l.Sli.-
900 bu- last year. Seaboarn ciearances IN
wheat and flour equaled di-"s ou-
CORN.
There was but one broad market to-day
and that was in corn. Frost talk was TIE
principal bullish Incentive III late there
has been fair selling IN spasm2dic turns, &c
cause of talk of big crops. Al:iLy specui1-
tors believe that with the end OF this month
the drastic effect Of Last years big crop
shortage will have ~disappssred. Taat %ss
Many other traders. however. nave been
figuring on the big shortage no. out. Is
pecially in Dec. options. said to be Ia.0oo.HO
bu. II is known that cribs along the coun-
try railroads are almos. tmpty-nave Teen
for nearly a year. Where there we're Il. 3D.
600 blu. IN the visible supply n year ego.
there are bat 100000 bu now. Chicago h%s
practically the only corn supply and that
amounts to about l.Jo.0o eu. Formers are
inclined to hold much Of their better corn
Much of the receipts for some time to come
are expected to ne soft All these cordi-
tons have made 3ea-s cautious and have
induced conservative support. With hard
srosts forecasted for tonight. these factors
once more came to light. Mos OF the Md
die West to-day was wet General and in.
and good upturns resulted. Sept. was not
so active and at times showed n dropping
reported much damage in the northern por-
lions of the corn belt. Yet. notwithstan6-
ing the frost talk there was all the time
present a feeling that a big crop was forth
coming and this put a check en- the bullish
enthusiasm. Dec. corn sold from f3hc to
++dAiSc and closed firm. &c up at i35sGHc-
Sept. sold between 5Sd5Shc ard closed firm,
&c higher. at 5sAc. Receipts were 162 cars
81 OF contract grade.
OATS.
Oats ruled steady and showed no import
ant changes in prices. There WAS some
buying at times for manufacturers ard
fair support by a leader. The wet weather
also had some effect. as cid the strength n
corn Dec. fuctuated only &c and closed
steady. sc up. at BIC. Receipts were Ia
cars.