The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1904-09-22
Wheat Closes &c 10 Use of. Aft
cr Ranging Up and Down
on Irregular Market.

EEPUBLIC SPECIAL.
Chicago Sept. .I.-Whea. haf a sink
Ing spell AT the opening or tine weak Min
nespolis cuEb and the indifference OF for
sign markets to our advance yesterday.
Declines of lisc to Ii,c We're registered.
MAJ was of to 81 l"As. but foreign mar
kets turned strong
Tire French MilIer~' Association eSti-
mated a deficiency NJ si.t..."" hu. In the
French crop. and eariy losses were r"cov-
cred and small additions made 20 ye>ter-
days. closing prices. on this turn how
ever. Their" wss a concerted attempt by
early buyers 20 realize. the market slipped
of again. and closed within - ~ the
bottom at losses Of &c for May and &c
for the nearby deliveries.
Weakness in corn and the ~vapora t!cn
Of the frost scare also played A part in
the early decline. and in addition TO heavy
selling for Patten. amounting To- about
@ra.'-" hu- This. however. seemed TO -
into strong hands. the general pit view
h.inc that Armour was covering shorts
and part II the local buying was based
on that theory
Further help came from reports Of bet
ter cash demand in the Southwest. sales
~ -four al -. Louis To Glasgow and a
smaller Southwsst movement There was.
however. = continuation of good receipts
IN tho Northwest. and cash prices in that
direction lacked buoyancy. This with
the fac; tina; part OF the offerings had
been taken by local professionals con-
trihIt"d tn tho final weakness
Foreign markets apparently gained their
strength from the French estimate and
from reports tina; France was buying ear
goes off the coast. Tn. first break was
on sei!!ng supposed To he for Armour and
by Pat;.n. C'namplin and Northw.s.
houses. an the break there was COOS.
buying by Spencer. Giffors! and I.ich;sn-
stein and Armour brokers. Around ,he
best prices there was selling by ST. Louis
houses and Pringle. which started the
last break
Corn traders who bought yesterday on
the expectation OF heavy frosts saw only
Light touches At two points in Iowa and
temperatures in the other States raEginc
from = to ~, This rsa<SurilC i.iook
caused general rush nf selling AZ :he
opening. and declines ~ ic. There vas
some support by the bulls. bringing about
= recovery "f Part 81 the loss. hut the
market closed N.Tl'.c lower. Nav Was
weakest Cash prices were steady. No
shipping sales were reported. Country Of
f"r.ncs we're moderate and ~ cars were
inspected. with sss estimated for to-rnor-
row. Most ~ tho offerings came from TIP
whom Cudshv brokers and Howe sold lib
orally. Early buying was ny Spencer
Coms;ock- wrenn AMI Kreelsnd.
OATS.
Oats declined slowly AMI s:uhbornly on
tue carly break in tho other pits and had
n miisessi"n reaction. but closed with
losses Of - io -. the May NJ 54-sc. Prices
hHlf Within a range Of &c around the hot
tom There Ess = good demand on resting
orders. cash prices steady 10 Ia lower
shipping sales 51'-" In Receipts 20 ears
and IL. expected Tomorrow.
PROVISIONS
Provisions were advanced sharply at one
time nv outside huying. hut finally weak
eael with grain. TIL. October q. .iy.-iss
We're relatively firm and packers appeared
Z" b. buying. Outsiders diSriaye,i moro
interest and inclined 20 tho buying side an
smaller holding receipts than expected.