The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1904-09-08
NORTHWESTERN MARKETS ARE STRONG
AND WHEAT SCORES SLIGHT ADVANCE.
Bull Effort Shoots Price Up L.,
but Demand Is Small and
Market Eases OF.
REPUBI.Ic SPECIAL.

REPUBLIC SPECIAL.
Chicago. ILL.,. Sept. Ideal bull effort
Ia wheat. encouraged by decided strength
in the Northwestern markets. added about
a cent To the price. hut tie trade WAS dis
appoiniingiy small. and lack Of outside As
sistanc. was responsible for the loss Of
most OF the advance. a good many OF the
local buyers unloading their purchases be-
fore the close. which was a net gain OF
I.c TO &c. the Dec. being UP the most.
The other markets all showed more
strength. Minneapolis being up lc to g at
the best and closing t.c to lie higher.
Duluth cash was up &c. and even Kansas
City gained i.c 20 lC.
LACK OF DEMAND
The real cause OF relative weakness
here was the iaci. OF any active milling
demand for hard winter wheat. which
vas slow sale at lower prices. except
for grain Of quality good enough to use
In making No. . hard for delivery on
September contracts. The Northwestern
OF damage 10y rains TO wheat In snock
and OF delay In thrashing- There w.r.
also reports OF q better demand for :iOur
In the East.
The weather IN the Dakotas and Mime
sofa. however. Was Of kind To- enable
speedy resumption Of uhrasning opera
tiors. clear and warmer. with similar con-
ditions predicted for tomorrow.
The movement Of spring wheat. like the
movement OF winter wheat. il beginning
later than last year. and primary receipts
are $4,000 bu. short OF last yea Kan
sas city receipts were considerably small
er and cash wheat there ard at ST. Louis
were higher. Cash sales here Included
900 bu. No. red TO Eastern mills. Trade
selling OF Dec. but the impression was
some strong interest was accommodating II
and there was local buying on this theory.
CORN STRONG.
Corn vas strong on continued buying by
interests. which have been accommodating
May for several days. presumably on the
theory that tho large part Of the crop Is
80 late Il Is bound to he damaged some
what by frost. or. ~ not. that A; least
there will be frost scares enough TO In
Jurc tn. shorts. The weather vas fnc.
how ever. clear. with warmer temperatures
In some OF the States. conditions which
led To good deal OF selling by some 81
within a narrow range. Tho May gained
lac AT most. and closed i.c hiEhc-.
There were bad crop reports from Iowa
ard Missouri. the experts vh" found the
rust In spring wheat being out noN ~
tn. corn belt to find how late n Is and
how much I'm danger Of frost. Receipts
continue liberal and tn. country selling
Was frecr. showing that IN some sections
At least there IL not much concern about
the crop outturn. There we're &c ears IL
and 80 estimated for to-day. Cash sales
coon bu-. partly No. :. at &c over Sept
in store.
Oats resisted th. usual disposition 10
follow corn. and developed decided ten
d"ncy toward weakness; The pit felt the
heavy Humiliation OF the dav before in
Nav. and there was renewed selling -.
that delivery. which forced prices of III
izc. Their. We're 3s cars inspected in. with
only Ion estimated for to-rnorrUw. Cash
prices wore steady. Tho shipping demand
was small. SHES 500 bu.
PROVISIONS dull.
Provisions were dun ana irregular. with
big interests doing nothing Cash demand
was fairly good and sales of lard for cN-
port to Austria and Hungary were claimed
the first in years