The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1904-09-04
INDICATIONS OF CLEARER WEATHER
CAUSE WEAKNESS IN GRAIN PITS
May Wheat Closes Practically at
the Bottom With Loss
of 3-4c.
REPUBLIC sFDc1Ir.

REPUBLIC sFDcINf.
Chicago. Sept. 2.-Northwestern wheat
markets we're weak all day on the better
weather. the rains having ceased and the
expectation Of freer receipts OF spring
wheat mex. week. These influences proved
too much finally for the local market to re-
sist. although IL was relatively strong, and
on two different rallies May sold as high
as the previous close. 81 .0sT,. but closed
practically on the bottom at Hoe bid, a
loss Of &C. Dec. lost &c and new Sept
lost 1isc under pressure Of addition OF IS
car. TO the stock OF No. hard winter
from private elevators and a lack OF any
active milling demand for hard winter
wheat
Trade was largely loca, and compare
lively small in volume. the rallies and the
of corn and by the desire OF local traders
to even VI over the double holiday.
The finai break was In sympathy with a
weak turn IN the corn market, started
Ware and Leland, and wound UP with gen
erai local liquidattons around SI.Ce for
May. at which figure there was a fair
resting commission demand. The sharp
break OF 81. cents In the price OF cash
wheat at Duluth. the Eastern milling de-
mand having ieen supplied and cash
IOuStS sefItFS, Was factor.
CORN ACTIVE
There was an active trade In corn. with
some OF the transactions on so large A
scale as to indicate some big interest. or
interests. were operating IN the market,
After a steady opening. there was a de-
cline OF &c ia the May to i.ssc. rally to
SVi.c. and a closing break to ~. 1910, a
Let loss Of isc for the dsy.
The Dec. OF much and the Sept &c
lower Some of the buying which brought
about the reaction was on the fear OF
fros.s and the Kansas State report. show
Ing a decline OF > points during August
There were private reports. however. from
Kansas and from sections of this State
and of Iowa that corn was making good
progress: The trade was at times OF the
spectacular variety. Comsiock who had
been a buyer for several days. was a large
seller. his offerings causing the opening
dsciine
Pringie. who had apparently been
against the price for several days. was a
buyer. his purchases starting the rally.
and at !1c for May he took ese0o bu. Of
buying also by ST Louis interests, Spen-
cer-Deniston taking more or less corn up
TO 5oi.c and taking 1000 bu. from was-
nc further. but # looked as though the
corn was coming out too easily 10 suit
the bulls. and in the last half hour It
broke back rather easily under soc on con-
have put out i,NC.0S bu., and selling by
McReynolds. The big estimate of Liza
cars for Tuesday caused more or less
Cash market steady. Sales
800.
OATS MARKET NARROW.
Trading In oats was narrow. the close IN
nc lower. with corn. Cash houses. Ar
mour and Peavey sold May, commission
houses bought around 3sixc. Shiopiug
sales, 1000 bu. Country offerings moder- !
ate. Receipts. III cars. and rs cars esti-
mated for Tuesday
PROVISIONS STEADY.
Provisions opened FIRM. turned easy !.
later. with corn. and finally closed steady. !
Zoe higher. Oct. pro5uc. showed I'D I
most strength on n better cash demand. !
LEGAL hog receipts. 400. with L: 90 expect I
ed Monday and loc.c9D for the week