The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1904-08-28
After Many Fluctuations l
Closes Firm to 1-Sc
Higher.

hEfG bLIC SPECIAL.
Chicago. ILL.,. Aug. G.-Rather heavy
prort-tak.nR In wheat. apparently by tn,
chief buyers Of the day before. soon cos
the market a short-lived early advance o.
hsc and a full cent more. a fair demand
deve oped OH this break. however. and wit
the help Of reports OF poor thrashing re.
turns from the Northwest and JOnes's es-
innate of a loss OF 40. 600 bu. In the
Northwest and in Canada from rust. the
loss was regained and the market closed
firm to nc higher.
The early demand disoppointed tile sell
ers. Patton and others. who had relied on
a sharp advance in the Minneapolis curb
TO help them market Their wheat. Will
the May was quoted as high as 81. l0ls al
the start. there was little sod above Sill
the early demand tame even at that figure
and the break to slOs7s rather easy. 1t
looked as X some of the earlv sellers de-
cided to protect the balance of their hold
ings Mt that price. and while the Nay
neared S.0a. or reached II several times
here was always enough demand there
TO rally 1t sharply.
JONES REPORT DISCOURAG1NG.
In the last hour there was some buying
for Northwest account on the Jones esti-
mate and on thrashing reports received at
Minneapolis and Duluth, which were said
to be worse than ever" the wheat cut
turning out chicken feed.
The easier tone of the first half of the
session was occasiOncd partly by fine
weather in the Northwest n a fine fore
cast. Another early Influence was the re-
port of Van Dusen-Harrington OF Mime
apoiis, giving thrashing returns from
about ninety points in Southern Mime
sofa and as many in South Dakota. with
average yield of ifl7 bu in Minnesota and
SOS bu. In South Dakota. figures which
looked large compared with the tone of
many Of the Damage reports.
Winnipeg sent disclaimers of recent low
estimates of thu Manitoba yield. one ele-
yator interest claiming the yield would he
100000 bu., or 100000 bu. more than
about ii0.Go0 bu. more OF contract hard
winter wheat out of private houses. More
purchases of wheat In Oregon and Wash
inston TO come here were reported. and
there were hedging sales against them
early. Cash prices were about lc higher
for choice wheats on Il slightly better To-
cal demand.
CORN DECLINES.
Rising temperature in the corn belt.
clear weather and predictions for 4 con-
tinuance of these favorable conditions
seemed to dissipate most of the recent
fears Of damage TO the crop by early
frost. Liquidation and short selling were
renewed and seemed to contribute about
-luhiiy to a break Of isc in the Sept.
&c IN the Dec. and lc in the May,
tue market closing on the bot
tom. WnIie country acceptances of
corn were reported light. receipts are in
oTeasinS rather Sharply. as the result Of
recent purchases % arrive, ib2 cars In
spected and 6lo estimated for Monday.
Iasn pr.ces were weak as The
result OF large receipts. nc TO li2c lower,
til 9 break Influencing futures. Cash sales
reached lo0.VvJ iu. Local receipts Tor the
week were 10. 30 bu. under shipments.
Tner was general commission liquidation,
the heaviest selling by Spencer-Deniston
tor st. Louis longs.
OATS LOWER.
Oats. as usual. simply reflected tho tone
OF corn. There WAS general liquidation in
May, the close &c to ssc lower. Local re-
ceipts were rs cars, quality fine. "a cars
grading standard. There were also I1.OD
III. Standard oats out Of prlvaJe houses,
making d totaI addition of contract Stock
or aOvut zJJ.vvJ pu. 1oLai receipls Tor lne
week.. 2,oso.vp bu., compared witn snip
meas OF ys,, 80 uu. k~sdua,ed receip,s Ior
a;vuudy. ~. cars. Cab pr.ceS about nc
aDippiiIg demand uui.
PROVISIONS OFF.
Liquidation resulted in general lowering
vi y.U,.sivn pfICs5. HitD .psseS uI l..a4
5Jc TOR pork, Oui12c for iard sud i1244o-
iur riUs. Jan. i.U.ueIs, VINO nan bought
vi the reCcat puu movement In corn, Ui-
loaded freeiy.