The St. Louis Republic., 1904-09-21
December and September Gain
] lcc 10 .-Sr on Fear of Fur
tlicr Damage To Crop.

ri-rU 3!.lc SrEG1AI.
Chicago. Sept. 2'-Ttcrc Was ih. same
rush of shorts Ia cover and the same ain
s"1oc of selling pressure in wheat .,t the
"ut>ct as Yesterday. bEt buying power
kept up better. and also tho market had a
hard time getting through NIii- for May-
.ftc- s"vcra! ;ia"ks that delivery advanced
2c to sl.li7. 20 ti.I2 aad closed within -
.; the top. Dec. and sept gained ii-c ana
I1.c.
Low Temperatures in tie Northwest,
with scattered showers. suggesting INJURY
To wheat in shock and st-ck: reports 81
buyI:S al New York by Continental
loUses. and ihc sharp advances at Mime
apciis and Duluth furnished mort Of the
encouragement for the bulls. and tho ad
vance was mace easier by yesterdays
heavy short selling on tn. advarc" 70
S-His. Strength ~ Liverpool and Paris.
Ine former W on rhc faiiurc of Ia Plata
Rivers To grade contract. WAS - potent
factor Some influence was cN.r,cd also
by III. authority that Armour mad picked
up the bulk OF the wheat on the hr.asN
Monday.
The market became a professional affair
shortly after Ia. opening. Minneapolis
spectators soid heavily. The St. Louis
contingent uu-:rht around Sill and local
professionals switched to the bull Side AZ
most lll q hahs-- AAlllt'GNb4a> at h4lr aflli@
was a shade less than 3 higher and ciC-.d
viii, an advance of l7,c and Duluth
gained a like amount
Cash prices 1T Duluth were inclined "a
lag b.iind the futures. closing l.sc UP:
Northwest aiViCes continued To speak q;
good country offerings ana about ~ per
cent % the MINNEAPOLIS reports of 70 cars
graded contract The local cash market
WAS up auoI.I as much IS the futures Tor
the better grades. ST. Louis reported an
improved denIan'. for Hour
CORN.
The forecast OF fros; over practically
the entire corn belt ard the fact that
]. ]. Hill was quoted "a estimating the
corn crop ar about 5co.o'oofD bu. smaller
than the Government figures. started
wild scramble among shorts at the open
ing. and there WAS range of iisc n
initia! transactions. with the high prices
reaction Of ~ from top with net gains
of lLsHiisc.
The carnival of short selling Monday
made the market unusually susceptible 10
buying and offerings at the opening were
practically nil. Adyices from Illinois and
low. claimed from - 70 - per cent "f
the crop safe from all but hard freeze
Cash prices were steady 10 &c higher
and shipping demand was curiailec by
the advance Sales Only 900 bu. Local
receipts were 80 cars and rs are expected
tomorrow. Bartlett. Prinele and Armour
were buyers Of May. and the Wrean
house took more corn. Selling was by
the country and Southwestern holders.
OATS.
Oats showed ih. same :nd!sposition 20
rapid Or radical cnance in prices. the
entire rang. oaly &c with the close &c
up and strength apparently borrowed
from other grains Cash prices were
steady to isc lower with no Improvement
in the shipping demand. Private .le-
vators contributed .. ears and .1.tS hu.
TO public stocks. and contract stocks III
creased .'cCto bu. Tor the week
PROVISIONS.
Provisions avoke from recent Ie;har-y
10 good trade stimulated by smaller
port receipts than expected a good cash
demand and corn strength. There WAS
active buying Of Jan. product by COM
mission houses and final gains OF ISI.-5
Were recorded on the advance cl.lahy
sold Oct lard and rihs ami took Jan.
Packers ver. taking tn. nearby and SCI
ling The deferred months