The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1902-09-21
GRAIN MANIPUlAT0RS ARE
ASSISTED BY THE RAINS.
WHEAT SHORTS FORCE THE
PRICES UPWARD.
R~ecessiOns From Top Figures
Come Late in Session, but the
Close Is Strong.

Chicago, Sept. 9-Manipulation aided by
rains worked for advances IN grains to-day
and fictitious prices, the shorts in SEPT
wheat became FRIGHTENED and put the
price up on themselves. Other commodities
felt the influence OF a heavy wheat demand
ard in sympathy advanced. Higher prices
were attractive 10 some holders and there
were recess!ons from top figures. but in the
end the close was strong with Sept. whoa:
14c higher. Dec. wheat i.c W. Sept. corn
&c up. Dec. corn &C higher. Sept oats sc
higher and Dec. oats unchanged. P-ovis-
ions closed 2iSc 10 40c higher.
WHEAT.
In contrast with recent business in wheat
the opening showed strength about which
there was nc doubt. Whereas advances OF
late have been hating. to-day the sentiment
was strongly bullish from the start The
cash market in the Northwest was advane-
Ing. with Duluth offering i:c a bushel for
cancel shipments. Elevator stocks every
where were small. there was a premium for
cash grain and an excellent export business
vas dsye!9ning AGaed TO MS wsrs me
follow TO retsrd the spring movement that
has only just got under way. Offerings
were scarce and small purchases had a tell
The amount OF hreadstuIs en- passage
Monday was expected to be decreased, al
cables were easy until local bullish news
improved them Shorts were frightened
into covering Sept early in the opening half
hour SIX commission houses jointly took
in cocoon bu. New York was taking Sept
freely. Grading was poor. Business was
broad and active all session. but some stun
came out al top prices. Even the leading
elevator. which is conceded the ruling hand
IN Sept affairs. lets 60 fair qualities in or
der not TO let the market run away. Sept
opened unchanged TO nc up at 1S3sc to AZ.
jumped to 15lxc. slipped back To 75c and
closed strong. Ike higher at 75i,c. Dec
trade was largely sympathetic. the price
opening nc To &C up at egi.c TO GAG. ad-
vancing 10 esa.c and closing firm &c higher.
at 6e-sc.
Local receipts were 20 cars. only 5 OF con-
tract grade. Minneapolis and Duluth re-
ported SS cars. making a total for the three
points of LIE cars. against So last week
and 1i2 last year. Seaboard clearances
in wheat and -four euualed S74.00O bu. Pri-
mary receipts were l-5s1.Wo bu-. compared
to 1.116.oo bu. last wear.
CORN.
Corn trade was active only in a meas
ure. Rains which would retard movement
acted bullishly on the market. as did the
bull activity n wheat
There was fair covering at times. IN
Fpite OF big recefpts-4tS cars to-day with
IL Of contract; grade. After the early up
turn there was some realizing. which took
quietly bullish. Oct. made the best gain.
closing i-c higher. at Sic. Sept. was &c
I'D. at 5eIc. after selling at 59rc, and Dec
closed firm &c up. at 4idisc-
OATS.
Cnfavorabie weather. small receipts and
poor grading. together with n fair demand
from commission houses. kept oats some
what frmer to-day. Offerings in Sept.
were small and fair advances resulted
After some buying In Dec. and May by
commission houses the trade turned dull
and prices held only slightly better. Sept;
at soiec. Receipts were 80 cars. Il of con-
tract grade.