The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1904-09-24
INVITATIONS OF BIG EXPORT DEMAND
CAUSE A FURRY IN THE WHEAT PITS
Corn Advances lie to 3Sc-Oats
Decline lie to 5-Sc-PrOvislons
Practically Unchanged.
BY ASSOCIATED PRESS.

BY ASSOCIATED PRESS.
Chicago. Sept. I'm n whirl Of excite
ment wheat for Dec. delivery to-day sd-
vanced to u point SIC above yesterdays
closing quotations limitations Of a big ex-
port demand was the main factor in caus-
ing the advance. The marks, closed almost
AT the highest point Corn is UP i.I'
Oats are off i.alsc. Provisions are prac-
ticaIly unchanged
WHEAT.
The excitement IN the wheat market
came toward the Close Of the day. Not
witllstauding heavy receipts in the North
west. the market opened firm. Dec. being
up &c to &c. at Si-lG@s to sl-ioi.. Initial
quotations on May We're &c lower to &c
higher. at si.i2is to A-I2is. The improved
tone at the start WAS due to higher cables.
Wet weather In Manitoba and Minnesota
and decreased shipments from Argentine.
Several prominent operators were active
buyers OF the Dec. option. the demand
Icing 50 pronounced to induce general
covering BY shorts From s. lv--- at which
IIice Dec sold soon after the opening. all
advance TO Sl.llS. was made. 3lay IL the
meantime selling up TO A-l-.sc-
The market then broke under fair r.aliz-
ing salss, the impression beng that some
Of the big holders We're quietly dispos.ng
OF their lines while ost.nsibly supporting
the bull movement Around Sl-l for Dc.
the market again Received lair support.
resulting in a comparatively steady tone.
The bears were given encoGra cement
about this time by report of a 81. Louis
trade journal stating that weather condi-
lions in the Southwest continued favor
able for the termination of the newly
sown crop Increased primary receipts
were another bear factor.
The market. however, WAS drifting rath-
er ainlessly when suddenly trading be
came wildly active News from abroad
Was considered extremely bullisn- Shorts.
alarmed al the prospects. were instantly
prices rose rapidly.
One OF the main features in the foreign
situation was runlor that the French
Government was contemplating the re-
moval OF the import duty on wheat An
other factor was the announcement made
by well-knovn foreign crop statis;iciaa
10 the eject that the requirements of i'm
porting countries this year would De the
heaviest on record These advices COM
bired with reports from St Louis of 4
good demand for -four were the principal
influences that contributed to the late
buliishnesS-
Just before the close the Dec. option
sold at sl-H. May advanced TO siIiI.
Final quotations on Dec. Were at sli31.g
Les May closed at SLI4ls di 49,.
Clearances OF wheat and -four were equal
TO IL so bu- Primary receipts were liza
o., bu: compared with SOL. 10 bu. a year
ago; Exports OF wheat and flour FOR the
week as shown by Brads;reet's. were
equal TO 40 bu- Minneapolis. Duluth
and Chicago reported receipts OF 20 cars.
against sli cars last week and s55 cars q
year ago
CORN
Warm weather throughout the IVES, was
the dominating influence in the corn mar
ket- The market was rather easy through
out the greater part OF the day but the
late advance In wheat caused a firm tone
at the close Dec. opened urchanga-! 20
&c higher at &c to 5oi.c sold between .s-.c
and oy,-c- and closed at 5,i4 65yaSc Local
receipts were 2,1 cars, with 10 Of contract
grade
OATS.
The oats market was weak as a -esul.
Of rapidly increasing stocks. Trading was
OF light volume and mostly Of local char
acter. Dec opened a shade lower At sIs.c.
ranged between 3e-.c and Size and closed
at 3c'sc- Local receipts were I6i cars
RANGE OF FUTURES