The St. Louis Republic., 1904-12-07
Oats Work Lower Through Sym
pathy, and Provisions
Have Decline.
REPUBLIC SPECIAL.

| Chicago. Dec. 6.-Reports OF large flour
business in Minneapolis. sales OF 10000
bb.s. being claimed. considerable open Ar
mour buying and renewed reports OF unset
| tied weather in Argentina and damage To
| the crop by rains did not prevent the
| wheat market from closing &c lower for
May and July at 81. .l3ii bid and S1.oS re-
| spcctively.
DEC. was much weaker. losing &c TO
\ sl.i4Ia. AS it is a popular assumption in
| tho trade that tho Armour holding is SO
| largest that that interest can swing the
niftrnet rs 1t chooses. 1t was believed it
iiad taken profits on Il large scale through
commission houses ON tho hard spots.
\ olher local .Dngs feared Armour selling
ard took profits freely. Some Of the buy
| Ing which helped an carly advance was
ior 81 Louis account. through Spencer.
| Lake and other houses, on the Missouri
crop report showing a decline In winter
| wheat condition of Is points since October.
An im2oItant factor in the trend toward
eign markets to the rather startling claims
py an American crop expert Of damage in
Arsentlna by rust Liverpool futures
chtosed h unchanged TO sd higher following
the excited &c advance hero because the
rust report was discredited there. On the
Liverpool weakness there was good deal
OF general commission and local selling
early. under which the May price broke
| 20 A.Ejaa. but there was open Armour buy
ing around s1.13 and absorption of offer
Ihs5 by commission houses under that
The market hardened slowly on this de-
Inand and on a comparatively bullish
Shraassreet iha report on worlds supplies
showing decrease of 2624gS bu. in
stocks for the week. When the report Of
large -four sales at Minneapolis came in
there was a quick bulge to Sl4 This
uI.urh. however. brought out considerable
commission selling, some of 1t by houses
Wnlch Were prominent buyers early, and
there was another dip to SL12s
more Armour buying rallied the market
important commission selling and a slight
REACTION at the close. Cudahy brokers.
Msils. Dunn. Bartlett-Frazier, Sickel-
tos toooeTIs ana PHngle were sellers at in
tGrvaIs- There was buying by Kneeland
Wrenn- Somstock and Barrett, the latter
taxing 10000 bU. on the early break. but
seshng & as much much on the advance. Pit trad
ers were Inclined to sell here on reported
heavy selling at Minneapolis by an Ar
nour broker. The advance in wheat prices
nand mas d9rogght Jug & on somewhat improved de
wheat sales 31,0Oo bu.
HEAVY TONE IN CORN.
There was a heavy tone In corn. With
losses Of F:c in Dec. and nc in NAV and
July, the market being unable to furnish
sympathetic rally of more than Lc even
s wnen wheat was showing most strength.
ana the close was practically nj botfon
pIices. foc Old for Dec, 44ssc bid for Nav
and Pc bid for July
Receipts were several hundred cars nm
DER the estimate at s3s and fo-day.s ar
Livais estimated at only 2S9 cars. br1t the
iisn !. ns sraaing OF the arrivals. which makes
il practically certain there can he NO
nul manipulation in any delivery. and
snsI,o snn disposition OF the country to continue
setans SCI, a,,,s corn, asceptances liberal. though
furnished too great a load for the mar,
ket to carry. There were liberal tefir
ing sales in May and renewed lIouidatioSi-
!ss, 3se only nEic.. demand apparently by shorts
there Wss wsss sood Tfaa ssao,oF oft to Sc but
about 10000 bu;, including 10000 bu No.
corn going all rail for export. OF fhe
~ cars. inspection in 1872 GRADED No .
or better. So far this week BE- 600 bu. No
soin nave oeen turned out by dryers
OATS DECLINE
Oats worked lower in sympathy with
corn and under more confident short
pressure. May losing 10 to spsc, but n
liberal demand developed at that figure
and the close was at that price bid. Dec
iSs' He ~ &c "a snf iaJsy JMy Cash prices were
small sales 5000 bu. There were Isl cars
In and % estimated for to-day.
PROVISIONS.
Provistons again closed lower on Cudahy
selling. but declines were limited to b3ac
by covering by White. Receipts were IS.-
gO hero and 1O, 900 at all Western mar
kets. Estimate for tomorrow 4, 900 here.
Hog prices q shade lower
New York Stock Quotatfors.
N<w York Doo a-Following are the high
eT. lowest and closing quotations for stocks on
sales: