The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1904-11-26
FOREIGN AND DOMESTIC CONDITIONS
COMBINE IN FAVOR OF THE BULLS
Oats Refuses to Follow Other
Grains, and Packers Save
Provisions.
EEPrRIIr SrErIA.

REPUBLIC sFEC1A-l.
Chicago, Nov. @.-Liverpool's sharp ad-
vances and BrComhall's statement that
damaging rams had fallen in Argentine
forced advances here. which the state
ments of later private cables that ArSen-
tine weather was warm and genial could
only partly destroy. Pit conditions contrib
uted largely to this sustained strength,
although more rapid advances in the
Northwest markets than in this. and q
healthier cash situation in that direction,
and continued drought in the Southwest
were added help.
At the outset prices were from sc to
tc higher. Most OF the local trade had
sold out their wheat Wednesday, and
either had no long wheat or were short
the market. In addition there was buy
ing by Armour brokers, and prices soon
moved up sc more, May reaching Sill and
Dec. 81 .1oi4. Although there were several
setbacks, and although Armour appar-
| emily supplied the demand on the advance,
| buying was renewed later. and the market
closed within hc to iio of top, May snow
ing a net gain OF Isc. Dec. of lc and July
of &c. Minneapolis advices spike of n
better general cash demand premiums en-
No. /. and . Northern, 1lsc better.
Locally the milling demand was mod
crate. prices uD about as much az the
lots. Stocks of wheat in the Northwest
will show a smaller increase for the week.
Duluth reporting a decrease of 5gloN bi-
and Minneapolis an increase of, 1sS,eO blu.
| Nebraska and Kansas again sent pessi-
mistic reports OF drought and fly damage
and the Weather Bureau held cut no
hopes of relief. Northwest markets
moved up faster than his me. and he'd
I tho u-aat1r rarf nf fhhTr- advance h1fh
| points closing &C up. Gables Were all
strong. Liverpool 1lfsd higher and Buda-
pest Esd higher. On the opening advance
there was liberal selling by Kneeland.
| Bartlett and Cudahy brokers. causing a
setback to s1.1O. where an active demand.
led by Requa and Spencer. developed. ana
the market started up again. On this ad,
vance Cudahy brokers turned buyers. and
there was buying by .Comstock. DaSgett
and Love. Around best prices BrouShton-
Nichols. McRevnolds and Jackson Bros.
sold over 100000 May, generally attributed
to Armour.
CORN FINISHES FIRM.
Corn gained ssG7.c early, with Dec.
leading. but finished only firm, May and
July &c higher and Dec. sc higher. The
advance was started by covering by Dec.
shorts. influenced by smaller receipts than
expected, and an advance of EeGlc in the
some selling by the principal longs and
pressure on the Nav by local bears. caus-
Ing R general falling away of prices.
Local receipts were 500 cars and As are
estimated. Country acceptances were
moderate and mainly from Illinois. At
the outset LOean-Bryan took about $50
go bu- Dec. and Wells and local cash
houses were also buyers OF that delivery.
On the advances Bartlett-Frazier and
Ware-Leland sold May and also relieved
the congestion in Dec.
OATS NARROW.
Oats showed the same lack of initia-
tive and lack of disposition to follow
other markets. prices holding within Isc
for May and &c to Ac for Dec. Trade
was without significance except for a fur
Their narrowing of the Dec. discount.
caused by selling Of May and buying OF
Dec. by cash interests. Country accept
ances were slightly better. partly the re-
suit of selling by farmers to make room
for corn. Cash prices steady 10 Lc higher,
Shipping sales 5000 bu.
Provisions were reclaimed from a weak
start by purchases of May lard and ribs
by Cudahy brokers. Early prices were
lower OF the larger hog receipts than ex-
pected. and a decline of sc in prices al
the yards. The early selling was led by
the stock yards SPECTATORS and later by
the smaller hackers. Local hog receipts
1900, n 1900 estimated for to-mor.