The St. Louis Republic., 1904-12-17
Demand for Oats Cause of an In
crease, and Provisions
Gain.
EEpU RLIC SPE, IAL.

EE.Pj RLlc SPECIAL.
Chicago, Dec. I5.-Euiis we're more
anxious to buy wheat to-day. and bears
were not keen about selling. Thee were
the main reasons for a strong AMI aa-
vanc.ug market, in spite of rather liberal
receipts in tie Northwest. and % 1 d.
cline If q. q 81 az Liverpool. Because "t
that decline Iap market opened iic lower.
but there was - liltie selling pressure,
and big IoIs. operators like Cldahy ami
Pat,en Hcrc buy,.- from the start. that
tie market strengthened gradually uAu!
it reached Sl.lIal.
Around Sill. and several other points
on the upturn there WAS scattered com
mission selling, and selling against calls.
but there WAS not reaction OF consequence
til the market had reached top. when
Cutaby t.rued n seller. and there VS.
enough other pressure to force Il setback
to Sl.llis. with the close Ut net saih
Of sc.
As usual, when tho marke: is strong.
there was talk CT the holding OF the
Gates crowd. and its possible and pTprA-
bic effect un tho future OF the market.
According u settling clerk ARITHMETIC :.
amounts u lI.tEr.ry To Z-pnLVp bu. held
through a number OF houses. Al present
this interest does not seem to ada To or
subtract from tA. inc dag hE udy- Iue
biz; line, sold on the recent bulge. SUrngS
ably Tor Armour. also fails to settle MIN
ma tl4> Ns+s stronger iiit-H inns mn Nt--r
UP sc finally, contributing 4 good deal 10
the advance here. Another impetus was
given by the re.ative strength Of Dec.
which. on Il moderate, hut rather steady
demand, sold up go NO. AMI closed a;
Sl-n.'s. a discount Of only i'sc under May
compared with a discount OF . = earlier
in tho week. July closed unchanged af-
| feCfe.. by scattered SHOWS over tha winter
wheat belt, and the Modern M.llvr's an
n"uHCement that drought had been re-
levei
Private cables reported Argentina
weather faV0rare. and Shipments were
Ni."pp bu.. or NOR" than double The estl-
mate. Gables reported tho Ehilau crop
,our. al.d France taking Australian car
goes. Duluth reported wheat benz; IL
V"rted there from Minneapolis because
ii lack OF storage facilities at the latter
point. Stocks a the TWO points II is eS-
lilaleh' with increase about l5"t,'sp b-i.
tor tn" week. other influences were bet
Ter cash demand. ana the De. Of $3.50
hu- in contract stocks at 81. Louis
Smaller mills from Illinois 10 Pe1nsvlva-
ma, II VAS reported were bare -! VIII. al
put g-atE dealers say Il Is hard To- sail
lhefn any. Local milling sales 5n.'r0 bu.
CORN ADVANCES.
TIL" advancing tendency of May corn
continued, the market selling up to 45a,c
ana ana closing at that price sellers, a net
| gam OF i.4--c. Dec. was relatively weak;
| covering u range OF sc from ;:,.,c to ss...r
! put doing 1t all al the opening and clos
ing only = up. Irace was more !mpor-
| Hewed buying Of May early 10y ratt.n ard
| OuXlES ior Nali street by kuight-Ion-
| nelley. i.0gan-BryaD and Love. Fri, Iluan
and tpdtke sold and on the advance it
! was supposed fatteH marketed at least a
/ part of his linz. Fair and colder weather
/ was predicted Tor tie West. which would
| improve, the grading. Receipts were ~
/ cars and the day estimates were I'll cars.
I taSh prices Were l.N TO lac higher sales
! -+N"'" bu.. mostly Igr export via the G,.iE
oats closed i.Qi4c higher on a small
| trais, with gain Of - iu cash prices.
| small country offerings and strength IN
! other pits being the buying incentives.
| buying was largely by shorts. and off"r-
/ inEs were small. the greater part from!
! commission houses on resting i-rs Re
! ceipts were y cars and 81 are expected TO-
! morrow. Shipping demand Was quiet
| sales so,nh0 hi. There have been cancel
! iauons for about 1.62-.'1p hi. in six days.
| 20 be shipped to the ce-ea! mills.
| PROVISIONS GAIN.
| Provisions gained 2'a@ I2l.c. but packers
sold the market off later and the close was
steady to 2l@c lower. except for May pork.
| which gained 2i2fl5c. Buying was by me
| stock wards oontingent. and local shorts
| Hog receipts 800. estimate y on prices
! at the yards 5c higher