The St. Louis Republic., 1904-09-15
Drops Nearly 134c Ia &c on Lib
eral Offerings and Heavy
Realizing Sales.
RErHI.IC SrEcrAI.

EEsT'CBI-IC SPECIAL
Chicago. sept IG--Astsr the strenuous
excitement Of an y advance IN ~" days.
the wheat uiarke; took a we!l-ear1cd rest
the effect ~ the heavy realizing by longs
and the falling off in the demand from
shorts. The Indifference OF th- Liverpool
market had more EJECT on spcru!stii =
temper than during the biz advance, and
the carly weakness IL corn caused more
or less selling % wheat and an earis
break OF If-c.
The decline hrpgEl; IN support from
some o! the bulls. and there Ns- a sharp
rally OF = from rH. low Isuift. WIKI ~
esiUs OF - TO i.c.
For tim" this iatgkc; showed more
strength even than Minneapolis. W ii-h has
n""n leading the stdy.tur'-. Fl' Nor Invest
sent reports q better ih-.i-hIus returns
Than expected ana .avr selling orders
Armour sold on ;he extreme bulge. ana
instead OF taking such selling aui rJi-
ntHs away with u. a Rad b-"a tfr rI!.e
IoT two days. th- demand sas unequal
broke sharply. reaching a new low point
and closing SglarcIy on the bottom. ~
losses OF l5.c 10 &c tor The day
MAY wcAkEST.
The greatest weakness was IN -he Nav.
which sold betHeen IIs'. and Sils. clos
inS ~ the latter price bid. While the cash
market was steady ard there were sales OF
500 bu- TO rliileTs. III. four trade. a:;cr
paying an advance - - a bh. III 4
weeks time. pulled ont or the market
Duluth shippers Were reported bidding
81 - or He over Minneapolis Sept. fO-
wheat 20 arrive Ia that market up 10 pc-
tobsr 10. Messages from Portland. ore.
estimated one-third TO one-haif OF the
crop III the Pacific States already sold for
shipment east and 10 surplus let available
:Or export
BREAK IN CORN
k.'llrZ f,
braska and light frost. ia Northern Kan
Sas did not threaten injury enough TO the
corn crop n the estimation o. the specu-
istive trade 10 justify higher rrices than
those reached on the rrost-scare bulge of
the day before Selling orders q the open
ing by holders who hoped for rally to
seH on made a quick break Of - From
this point there was a rally OF &c on
buying by local and 81. LOUIS bulls. but
fhIs uptlirn brought out renewed realizing
sales and a sharp decline TO near bottom
prices the close showing net losses OF &c
Tor the uay-
May sold from 5I=sc al the opening TO
s.isc and back to 5Z-sc bid at tho close
The fact that IONA missed tho frosts
threatened for the night before WAS a fac
tor In the early decline. while predictions
OF frost for The northern half of the corn
belt for tonight helped materially in the
recovery.
Shows estimate Of = M axf-lurn s-ro- of
e-..5.VD bg- without frost damage bef0r.
Oct vas another bull argument A..--
sages from Nebraska elevator interests
claimed no damage had been done By
frost In the eastern part Of tn. S.aia,
where the bulk or the crop IS raised 10
cal traders thought the weather indicated
warmer temperatures after tonight. AID
were disposed to hope or fear the rro.ts
would not be serious enough 10 csuse
damage.
Prinsie and Comstock. afie- cGr.ri5u-
ting TO the upturn. became heavy sellers.
spencer. Love and Ware-IelAft were
buyers. The Wrenn Dec. holdlES xas in
creased Armour took May oh the de-
cline. There were 80 cars insfc>telI in
snd as estimated :or tomorrow cash
prices We're steady to &c higher. Snip
ping sales. 800 bu-
OATS OFF SLIGHTLY.
Oats followed the lead o: corn wirhin
the narrower limits OF sc, with the cioSs
tsc higher for Sept and i.c lower for the
Dec and the May. Cash prices were
steady TO &c higher. demand better. Sales
25o.0c. shipping ECO bU- Receipts keep
diminishing: II cars in and 20 estimated
for to-morrow.
PROVISIONS.
Provisions were firm for Jan and easy
for nearby deliveries: the packers llo1-
crate sellers. Fair outside demand .or
Jan product Was noted. Cash lard de-
nlsnd good.