The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1904-09-30
ALL INFLUENCES WORK TOGETHER
TO CAUSE A WEAK WHEAT MARKET
Decline in Northwest, Favorable
Weather and Increased Re-
ceipts Send Prices Down
J-Sc to 1c.

REPUBLIC sPE>-fsL
Chicago. ILL.,. Sept. o.-Declining prices
in the Northwest narrowing of cash
premiums at Minneapolis and Duluth. IA
yorable weather In all directions. and q
trade almost wholly professional ir. char
act@r. worked against wheat prices. and
the result was final losses OF sc TO &c
May was the weakest. selling 81 iirc Near
the close. but rallying 10 si.iZSs and closing
there with a loss OF lie. Dec. Was li.c
lower at bottom and closed ssd34c lowci
ut S-iis. 4lIi5.-
Most Of the pressure was centred on
May. and the supposed Armour moves had
much TO do with making prices. On the
other hand, Dec. me; better demand
on the weak spots. partly from cash
houses. and the differenc. between the
Dec. and Msy Was narrowed 10 1217sr
While cash prices in the Sorthwe II were
lower. the market here touched the bigf
point Of the day without apparent reason
shortly after cash at Minneapolis ned sDii
of 2c. News from the Northwest vas
not all bearisiA there being reports OF
better -four demand. report that i"i-
eign bids on -four were ed higher than -
tertiay and a message from Winnift * ths'
the largest milling concern In 'snaui
was buying the cash wheat there Bu'
Duluth claimed there was no EasANfn r'
rnsnd and was Offering TO sell wheat nach
~ vinneapoIu IL was apparent Tnillers
hasY withdrawn from Northwestern mar
kets possibly for the effect u wouih h''e
on cash prices --,,sn D.,
on stocks and Minneapolis OF lZS."p pu
Al the close Minneapolis cash was quo,
ed nc lower: at Duluth. &c lover ,, an
cash premiums over Dec decreascH HUN
silc Yesterday to from 1i.c TO &c
kansas CITY and st Louis continued 20
.end claims Of small receipts In the h.ai
futures. and reports from Kansas ,.,'' a. ~ h.
expected as farmers were busy WIN theIr
corn and getting ready Tor IAN H.eoiils ,
In addition there were reports oi go
milling and flour demand in the SOUTH
Early selling was led by liwm "IeeIi
and the Northwest. and on ALI the marc
.pcts Peavy sold literally Iood p saIIsTs a, aif-
ferent times on the decline Harris Scot
ten and wrenn bought Dec. and updiSe
and Irwin Green took May. Part OF ,he
late buying and part OF the cary seihhs
Were credited BY the pit TO Armour.
CORN
There was some sembIance OF strength
in corn early In tho session. Dec. the
frmest. but prices finally gave way under
the influence Of wheat weakness. and
toward the last there were evidences OF
Liquidation by the long interest Accept
ances OF old corn were small. but little
freer Of new corn 10 arrive IN -
Cash prices were &c to NC higher. snip
ping sales only 5000 bu- Local receipts
were down TO l0s cars and the estimate
1i9 cars.
from the mixing houses for delivery on
Sept. contracts about $1,000 bu- Wrenn
Connstock. Lake and Spencer were early
BUYERS the first named taking Dec: ano
later selling by Pringle. Ware-Leland and
Wrenn, and buying by Cudahy Brothers
OATS.
Oats held within range Of NC TO &c
and closed with May isc lower. ami Sept.
&c higher. Cash was steady TO y: higher.
shipping sales 1900 bu.. and country Of
ferings were reported smaller. Receipts
were only Is cars and II are expected
Tomorrow The best buying vas by A
q White and Updike. about 1000 bu.
each. and Fyfe-Manson solt-
PROVISIONS
Oct lard was the strong feature IN pro.
visions Shippers and shorts contended
for the offerings. and the close was lac
higher In addition there were buying OF
oct. and selling Of Jan. lard BY foreign
houses. Other products ruled sasy and
quiet Private estimates predict de.
crease Of 500 bbls. pork. 100 tons lard
and 100000 lbs. ribs In local stocks.