The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1904-09-29
SHORTAGE OF wheat IN FRANCE
HAS BUOYANT EFFECT ON PRICES
December Closes lee Higher and
September Advances
Sac To 1-Sc.

REPrBI.IC SPECIAL.
Chicago. Ill. sept. S-wheat traders did
not know their own minds she greater
pan OF the session. Prices covered a
range Of about &c. half OF it upward and
;:s;f downward. and covered most of 1t
several times At the end May had lost
practically all its gain. closing nc higher
al 81 l3-.. while the nearby futures We're
Sept. A.T;sc higher.
Numerous messages from the Southwest
Of strong cash situation and OF a
marked falling off in receipts. the Broom
hall confirmation Of shortage OF esDp.0O
bu. in the French crop by the official esfi-
mate and of drought in Australia fur
nisbed the motive power for the advance.
Early weakness resulted from infiffer-
ence shown by cables. larger Northwest
receipts and scattered realizing sales ny
Tuesdays buyers. The May option opened
&c to E.c lower and made further decline
OF &c. then rallied and reacted several
times. each time raising the high price
until 81 49, was reached
Outside markets Were generally stronger
than this. St Louis was sc up and North
western markets or bu; little when this
market was weakest. and al the close adj
vanccs were larger. especially at ST Louis
and Minneapolis. Cash news was strong
from all markets except Duluth. where
the demand was said to he fiat and the
East offering to sell back wheat. At Min
n.spolis the Armour house was supposed
to be liberal buyer
Southwestern country offerings were
small ard fair sales OF cash wheat TO
millers were reported from Kansas ,ity
and ST. Louis. with prices Ic 10 sc higher
west receipts were large and the grading
at Minneapolis was bette IS cars No
Northern out OF So cars. ON the upturr
ST LOUIS houses. Searson- Hammili and
Urenp sold Nav There was buying by
Patten, covering shorts. Clifford. Kneeland
e. Bro. sometimes used by Armour. and by
the Northwest. On the extreme advance
Valentine was an open seller
CORN
Corn was strong almost from the start.
with Dec. I'D most and with the best
buying fror, shorts There was also judi
cious help from the long interests. CEN
tered mainly on Dec. The prediction OF
showers. indications Of falling OF in
the movement and Hrmness In the cash
marke: were the chief news helps.
The cash market wa. steady TO &c high;
er, sales for shipment gp9p bu. Local
receipts were ls4 cars and 13s are expected
to-morron: The best ouy,n a e o. the G ,hs
former supposed To be covering short May
for Patton. Cudahy brokers also bought
May. and Spencer. Lake and kneeian Iceland
OF Dec and selling Of Nav by commission
houses. the Armour house doing the op-
posite.
OATS.
Oats showed further signs OF weakness
early. but rallied with corn and showed
final gains OF &c to &c, May strongest.
Cash prices were steady to I2c higher and
shipping sales were $1,000 blu. Receipts
were lss cars and the estimate is. Private
elevators failed TO contribute standard
oats to public stocks for the first day in
weeks
PROVISIONS.
Provisions were weak on lower hog
prices and scattered realizing sales. but
on the decline the packers took the nearby
deliveries of lard and ribs. indicating cash
sales Demand foT short ribs Is par;icu-
larry good. and export business IN lard
Is going on steadily.