The St. Louis Republic., 1904-12-31
PROMINENT HOLDERS LiQUIDATIONS
WIPE OUT SHARP WHEAT ADVANCES
..iovement in Oats Is Without
Feature, and Provisions
Are Easy.
REPUBLIC special.

REPUBLIC SPECIAL
Chicago Dec. 30.-Wkeat prices took
one of those rapid turns to-day which al
ways come on part of the trade uncXpect-
edly. although OF frequent occurrence.
Starting out strong. the market advanced
1i4c. partly because of higher cables and
small receipts In the Northwest. but more
because E.Stern holders appeared to be
buying an: because Armour had bought
literally late yesterday.
When May reached sLl5's. however.
there was a food OF offerings from local
holders. apparently liquidation by the
Eastern bulls and the Northwest, and
the market had 4 sinking spell from which
1t had only temporarily recovered. At the
close May was &C lower at Sl-l5's and
July i2c lower, 9S2c. while Dec. closed at
Csc premium over MAY. compared with Il
discount of Iisc at the close Thursday.
having advanced sharply In the last hour
On scattered covering.
Trade WAS heavy all day and OF char
ecter TO nvershadow the ordinary news.
At the outset there appeared to be fur
ther buying by Valentine and houses with
Eastern connections were liberal buyers
on the advance. Around slI5ls. the
former interest appeared TO change 10 the
other side of the market, and several Of
lle lHTEeT local INES began 10 go over.
Chanplin brokers and BrCsseau sold close
to l,vrt10 bu. each. DagEett and Wrenn
were sellers on the way up and down on
a liberal scale. Later the Eastern houses
began selling, knceland. Chaplin and Tracy
selling sabout S"p."p bu. between them,
bringing on selling by early pit buyers.
Minneapolis did not advance so fast.
and started to decline first. the leading
long interest. Benton. securing profits
There was a decrease of 5000 bu. in
stocks in that market yesterday. the frst
decrease of the season. but there was an
increase of 325 90 bu. for the week.
Duluth increased $500 bu.
Receipts at primary markers we're only
S.9.0o bu. fair cash demand was re-
ported in the Northwestern markets. with
prices about steady, and st. Louis report
ed sales of 1000 bu- No. red at May
price In store Local milling demand WIS
quiet: sales $500 bu., including 500 bu.
No. hard at Sl.1i.
CORN STATIONARY.
Corn received upward impetus early from
wheat, although reacting later when
wheat declined and when scattered liqui-
dat;on carried the Dec. off sc. May finally
closed with gain OF isc at 4Syc; Dec
lost &C.
There was little trade in the current de-
livery. but eleN Nenth-hOur liquidation re-
suited in marked weakness. Cash prices
were steady TO i2c higher. Shipping sales
only lJ0. Coo bu. ClearanCes at the seaboard
were liberal ut -2l.ctt bu.. the greater part
cars and the days arrivals were estimated
at 306 cars. The best buying of May was
by Bartlet:-Fra. kneeland-Clement-
Curtis and Creighton. with Kidston. Com
stock and Irwin Green leading the selling.
OATS FEATURELESS.
The prices for oats were Of the same
staid character. the range being only &c
and the close steady to isc higher for May
and July. and lac higher for Dec. Cash
offerings were small and prices &c higher
for better grades: steady for common.
Eastern demand was not so good. sales
only 5000 bu. There were 25 cars in
spected in ard the days arrivals were es-
ti:natcd at IL cars.
PROVISIONS EASY.
An easy tone pervaded the provision
market throughout the session. with Jan.
product. especially pork. suffering from
liquidation by outside holders. who showed
q disposition 10. get over into the May
At the close losses were PIC to I2lac. There
was moderate selling of ribs and lard
by the Milwaukee Cudahys and Boyd-Lun-
ham. There were 1900 hogs in at the
yards. 15.GO estimated. and prices a shade
higher.