The St. Louis Republic., 1904-09-20
Corn of oc To J>c-DatS Down
cc-ProvisiOns Gain
2l-2c to 10c.

Chicago. Sept. i.-wirh world. ship
nlsuts Increased ard large primary re-
ceipis IN the United States liberal profit
taking in wheat resulted In a re; declin.
| o, i'.c- Corn Is 90 i-fIssc. oats are down
! izc. Provisions shoT a gain OF s7sc 20 i5c.
WHEAT.
IN spite - a number % bear influences
a firm feeling prevailed in the wheat mar
Es; a. IN. opening. the Dec option beiuE
/ NJ . shade 20 'sc. at sl.nsi. 20 ;I-asi- ~
TO-. MAY vas W ssli.c. 20 r.as.c, al
a-Ui- 70 SHE.
The initial frnrcsz was due mainly to
a good demand from traders uho had sold
short the early part - las; week There
was also fair buying by commission
houses on reports o, unfavorable weather
in the Canadian Northwest;
T." g:st of the news AZ hand. however.
was largely in favor OF the bear element
Cables were lower Worlds shipments
we've much heavier than for the CORE
spending day ias- week or a year ago.
Receipts IN the S1rthves. continued 10
show marked increase and this fact
pe-har~ furnished the principal motive for
ih- heavy selling that developed.
L.oefsl sales of long wheat started
prices on the down Erada. and the exccu-
rion OF Stup-.o-s orders accelerated the de-
cline on the break Dec cold of "a 81 -,
anl MAY 10 :I-ie-.-
market again became strong cold wet
weather n Manitoba bringing out a good
demand from some % the big commission
nous"-- on tn. rally Dec. advanced To
sl-lvi= and May 20 sI-Ie-,GIi2i- Renewed
p-oht-'1hinS. however. resulted in another
reaction.
= fair Increase in the visible supply aud
larger primary receipts =; points elss-
where than Northwest were Influences
ihai h1d . weakening effect on the late
tested ~ Minneapolis. the r,iarke: here be-
came decidedly heavy. Dec. selling OF TO
t"s;=- Meantime. MAY declined 10 g. se..
Dec closed with = loss OF lie at s1c+sd
g Nav also was OF iisc. closing az
CIesi-ar.c.s ~ wheat and -four were equal
10 $50 bu. Tn" amount on psssage de-
creased 1850 bu-. while the visible sup
ply inc-eas.d Ss5.ss hu Primary receipts
were 1850 bu-. compared with sIsso
hu, Yea. ago. Minneapolis. Duluth and
chicago reported receipts ~ liz. cars. a
against 51s cars last week and 81 a year
ago.
CORN.
sharp bulge in corn prices occurred as
? result of a report OF n Minnea polls crop
expert claiming the total yield would fall
short OF the G~ysrnmept estimate bv ~,
c0"0 0'.l bu- According toAthis authority. the
crop VIII be the smallest harvested in
seven years
The situation was further strengthened
by a report Of local stat:~rician estimate
ing the total crop AT less than cScs.Np.l
bu- The advance failed 70 hold. however
many traders being inclined to place en-
tire confidence in the Government figures
The market became decidedly weak late
ia the session. the close being practically
- the low point Dec opened &c lower
in sc higher at Si-c 10 5Gsc. ranged be-
tween tSs.d5ii.c and closed a, ts.. GlsS. g
Local receipts we're IS, cars. with - Of
contract grade.
OATS
Steadily increasing supple. wer. = ee-
pressing influence in the cat. market
Prices were also inclined to follow other
grains in their downward course fes-
tcrs - trading was activ. huying Of May
around -. The market closed al the
loS- point After opening unchanged 20 a
shade higher at 5es.c to 3@.l5e-.c Dec.
spld between SEC and 327.c. closing 1T
5ei.c- Local receipts were 81 cars
RANGE OF FUTURES.