The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1904-09-28
SMALLER RECEIPTS AND BUYING
BY BULLS CAUSE TURN IN WHEAT
Net Gains of Csc to | 1-2c Are
Scored at the ClOse-Foreign
Markets Strong.
REPI-ELIC spECIAL.

REPUBLIC SPECIAL.
Chicago Ill. sept. T.-There was a turn
in the wheat movement to-day which
brought primary receipts down from more
than GOOD bu. Larger than the total
Of year ago 10 more than Sr.cyo bu
smaller than last year This with the
fact that foreign markets. reflected our
sharp break yesterday with only slender
declines and buying in tn. pit. which was
credited to one OF leading local interests.
turned the tide in wheat and resulted in
final gains Of lh.c to r.c. May wheat
At best Was a shade less than &c UP at
81. 3t.gsll3 La. and closed at $i.I3I..
The market started out easy on scat
tered selling induced by yesterday
break. but pressure Was lar less urgent
and when buying by brokers the crowd
thought We're acLins for Armour started
shortly after the opening. there was -
prices started uywart. There were sew
eral reactions. but buying gained new
forces and new high prices We're made on
the succeeding upIurns-
A strong bull argument was the rcadi-
Ness with which cash prices in all the
leading markets followed the Upturn in
10 . in cash prices everywhere, with
an active demand for the smaller Of
ferings.
smaller forward offerings OF Argentine
in part for foreign strength North
western receipts were ?4s cars compared
with La ears last year ami the grading
IT MINNEAPOLIS showed a considerably
smaller proportion Of contract, only .
cars of No Northern out OF as cars.
come Minneapolis message spoke Of
said receipts only limited by car supply
and predictions that Southwestern re-
ceipts would decrease We're common.
Early selling was led by Logan-Bryan.
Bar-a.tr-FEaZl@r Sn-nCGT ~
bought on the break yesterday. and by
Dassett and other Northwestern houses
Shortly after tho opening Jackson Bros.
Lake. Skiilei. Booth and Candy absorbed
all the offerings which came on the mar
ket- and the pit was sure this meant Ar
rnour. In addition. there was buying by
Love. Wrenn and Cudahy brokers.
CORN.
Corn opened rather uncertain. prices &c
higher TO i.Ii.c lower. but soon devel-
oped declining tendency under selling
by country houses and those who bought
yesterday. and the market appeared TO be
c!gesting the corn Eguidated Monday. The
cash market vas steady 10 nc higher.
with shipping demand duh on the advance:
cars. and the estimate for tomorrow is
ls5 cars. Bartlett-Fraz!er. Cpdike. Nc
Reynolds and Spencer-Deniston had the
most for sale on the decline there was
covering by Wells. periodic support by
Pringle. and buying by cudahy brokers'
OATS.
The same conditions continued 20 rule
in the oats market and on selling by
cash houses May declined &c to i.c, raj
lied a little with other markets and
closed &c lower at 3:s.c. Cash prices Were
OF with the futures prices on the sample
tables Izc lower and shipping safes only
5000 bu. There were ia cars received and
lls cars estimated.
PROVISIONS
Provisions were irregular with trade
mixed. the packers at times buying Oct
product and selling Jan. and others doing
the opposite. Prices closed 1i.c lower to
FAC higher. Cash demand was good and
hog receipts small.