The St. Louis Republic., 1904-12-16
WHEAT MARKET is STRONGER UNDER
NEWS OF DECREASED SHIPMENTS
Better Swing of Oats Prices, but
Trade Is Light: Provisions
Move Up.
REPUBLIC SPBCAL-

REPUBLIC SPECIAL
Chicago, Dec. I5-May wheat was bought
IN this market by the Northwest. by s..
Louis traders. and by a group Of smaller
commission houses which, in The opinion
OF pit traders. generally. got their orders
from Armour The chief buying motives
were falling OFF in receipts in the North
west and claims Of such a sharp drop in
farmers deliveries in the country as must
make terminal receipts still lighter in the
future.
Southwestern receipts barely one-quarter
the size OF last years. and talk Of light
milling stocks in the Southwest. Specgia-
tive trade was lighter than IL has been,
but the demand was urgent ana forced IN
advance from sI-G94s at the opening to
Sill. with the close at $-ioSs bid, sc up
for the day. The advance was checked
by scattered realizing. some bear effort
by local traders and selling against priv
ileges. Dec. which had been a drag OF
the market. showed little more ANNA
ton, gaining Inc to $l.v.>4; July Ss41-c 20
ssa.c.
Minneapolis stocks increased $500 bu-
for nve days. but this accumulation III
that market will decrease or there viii be
good many false prophets IL that mar
49, cars at Mirnea polls and Duluth. COM
pared with ~ last Thursday. and AZ Z
year ago. Receipts al Minneapolis were
kept down by a wreck on one OF the rOal5
The ca sh market there was reported Il
little more active. with better milling de-
mand. There were claims OF fair Hour
sales and an advance of llsc in May Kan
sas millers. 1t was reported. have about
enough wheat TO run three weeks. three
quarters time, some OF them less than
that The local cash market was, still
dull. with such sales as were made II
sacrifices. Shipping sales to outside mill
ers. 4Ooto bu- 4 Russian crop report N
dicating a yield for 1901 i3.e?p,p9 ou
larger than in 1898 occasioned some sell
ing Argentine weather waS reported IA
vorable. Buying was led by Dassett'
Spencer Kneeland and Jackson.
All the important trade in corn was IN
the May deliveries, heavy buying by Pat
tons house. supposed to be the accnmula-
ton OF a long line for that operator start
Ing q general covering movement by
shorts Several million bu. being taken
for long and short account. forced an ad-
vance of &c TO 45isc. the close at .5c.
DEC. covered n range Of 1.c from 42c
to 46i.c. but the volume OF trade was
small. no important liquidation or Gov
er.ng the close &c higher. Lighter sales
OF corn to arrive by the country and
moderate receipts both due il large meas
ure to car scarcity on Western roaGs.
were leading bul! factors There Were
\ so cars in with Al estimated rs the o4y :
arrivals St Louis reported farmers not
selling at present prices and some Ms
souri, points buying corn there. which were
shipping a year ago. Cash prices were
strong. sc higher. shipping sales co4.o0
bu. Primary receipts We're 1H2.pN hu..
compared with 1900 bu. last year.
OATS TRADE LIGHT
There was a better swing to oats prices.
but the trade continued light. Small pit
offerings and strength in other markets
combined with an advance of l2c in cash
prices resulted in final gains OF sc in May
and i2c in Dec. There was only modeT-
ate shipping demand. sales $3.50 b,!.- but
the cash market advanced easily or small
receipts only IS cars in and p estimated
for to-day's receipts. Buying was chief
ly by shorts.
PROVISIONS MOVE Up.
Provisions moved up 21-qI5c on covering
by stock yards, shorts and miscellaneous
buying on the steady hog market and corn
strength. on the LpJurn Cudahy sold
ribs and W Hestern packers IaTu. Hog re-
ceipts 800. estimate 30 80, and prices
steady 10 firm Casn demand quiet.