The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1904-10-16
Corn Off 1-Sc on Heavy Selling
Oats Down 1-2c-PTovisiOns
Gain 1870 to 1919.
EEpCRLIC SPPrTAL

REPUBLIC sPPcTAL
Chicago. Oct l5.-Dec wheat shorts could
See no more promising prospects Of es-
cape from an uncomfortable position than
that OF covering their contracts IN the
pit, and enough Of them decided to take
their medicine to advance the price hc
to s1.1f4- and to q premium Of iho over
May.
There was enough buying at the opening
by the leading Dec. long interest through
Wrenn to disclose q scarcity Of offerings
and give the shorts their cue. On the
bulge there was a good deal Of profit-tak-
Ing by this holder. Nearly 1,o1o.Oo bu. sold.
which caused a moderate reaction, with
the close at Sl.13ss sellers, a net gain of
&c for tho day and 1hsc premium over the
May, which sold from N12 TO N.i3 and
closed at sl121s sellers. a net advance Of
&c for the day.
a co~nspicuous feature of May trade was
the open opposition to the advance on the
dent Valentine offering good-sized lots on
| the frequent rallies. disposing Of, perhaps.
5000 bushels. Some pit traders followed
this selling, but commission buying devel-
oped on the breaks and kept them within
limits. some of it believed 10 be for Ar
mour.
The importation OF a small lot of Mani
toba wheat reported Friday had no more
effect on the market, apparently, than
when announced.
The possibility Of larger shorts was
shown by the offers OF No. ! Northern
Manitoba at s1.22. laid down either in Chi
Gag or Buffalo, freight and dues paid. 1t
Is claimed this wheat is worth SC a bushe
more than Chicago No. / Northern. which
sold In very small lots Friday at f.17a4
growing out OF the supposed concentrate
holdings and the small contract. stock
was the main influence. The steady NIL.
ing demand and the continued high cash
premiums for choice grades are not r-aE
surfing to the shorts. Cash prices wers
strong and sale, to miliers aggregated
16o.UD bu.
Local stocks Will show an increase fo-
the week, receipts 1.049. coo bu., shipments
SIS. 900 bu. and the visible supply Will pass
last years fgureB.
CORN.
Corn values dropped on falling OFF in the
urgent demand by Dec. shorts. some prof
it-taking by holder. and considerable SELL
ing for the country. the continued fine
weather encouraging dealers to believe
they can easily deliver new corn on Dec.
contracts. The edge was of the cash de-
mand also, prices lac TO re lower and
CO. sNspp'"t ss-sS '"'s "0Ne'a'e' ABOUT i"'-
Receipts only liz cars and 1m car. .s-
.imated for Monday; Local receipts for
under the shipments pointing to a sharp
decrease IN stocks.
OATS
The weakness in corn, continued bear
effort and the ever-present pressure OF
unusually large stocks. forced oats
down to a new low point. the MAJ
s tGslns b Sd TO The Ss'f ne and ciSSs siIy., at i ina
Nc. There was liberal selling of May by
provision interests.
Some shorts took profits. Cash market
Itc to 1so lower. Shipping sales 10000 bu.
Receipts 100 cars and 1874 cars estimated
for Monday. Local receipts for tho week
about equaled shipments.
PROVISIONS.
Provisions were firm after the recent
weakness, on covering by shorts on q rood
scale. There was q scattered demand for
May product from outsiders also, and
strength was accentuated by coverings by
pit traders. who sold easily on the de-