The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1904-09-24
ST. Louis Furnishes Early Incent-
i've 10 Buy on Milling Strength
Prices Up 1Sc to 33-Sc.
REPTILE SPECIAL.

RF,It FI-iG SPECIAL
Chicago. Sept. 3.-wheat prices COW
cred a wide range and closed On the up
grade practically at the top. With net ad-
vances OF 2isc to 3asc after carly declines
OF &c in May and a small fraction in
Dec. Dec showed the best gaia IN this
market and in others. the spread between
Dec. and May narrowing 10 ssg3.c. against
&c yesterday At the close Nay vas
si'Gz and Dec. 81 l5a. aiI3-s.
Cash strength and improving milling de-
mand for wheat elsewhere and here and
an advance of 32sc in Dec. m ST. Louis
furnished the chief buying incentive early
in the session There were also scattered
rains in the Northwest. threatening delay
TO movement Dec. shorts became nerv-
Gus over this and buying by Waterman.
the Albany miller. who usually takes On
delivery what he buys and forced prices
UP at a pace with May was slow to
follow.
After Dec. reached s-Il-. and May
l-I2-s. weakness in corn and renewed
claims from the Northwest OF increasing
country offerings discouraged early buy
ers and declines OF l-sc 10 lssc from top
resulted Then the Brook-Broornhall
cable that the French duty on wheat
might be reduced was added to earlier re-
4 =
OF wheat at the Pacific Coast. Most OF
the local longs Were out OF wheat. and
there had been good deal OF short sell
ing on the decline and this news started
q general rush TO cover.
When May rose through Sl-i5 and Dec
through $l-i2, s;op-loss buying orders were
reached In goo1!y number, and the adj
vance was more rapid the higher the price
got
Cash prices in the Northwest were up
the most. Duluth gaining 3i.c and Mime
apolis &c. Local cash prices were higher
and a good milling demand was reported.
with sales abort 5000 bu-. prices tagging
q little behind futures.
At Minneapolis stocks decreased 500
bu-. In spite OF ;he larger receipts this
week but Duluth stocks increased sp.cJJ
bu-. which lent plausibility TO the theory
advanced by the bulls that there Is con-
siderable duplication in the Northwest re-
ceipts. Minneapolis shipping freely to Du-
lutn. where cash prices are PIC higher.
The best early buying was by Pringle.
land was heavy buyer of May and Dag
gett OF Dec On the advance there was
selling Of long wheat by Spencer. Com
stock and Champlin- Valentine sold Dec
and bought May at &c difference
CORN.
Warmer temperature In the corn belt
and favorable reports from the country
induced liberal selling by tired longs and
renewed pressure from local shorts. May
sold OF sc to lc and Dec. sc and held
around bottom prices until the final
strength in wheat and the liberal ship
ping sales on the decline caused a recov-
cry of losses and isI2sc more. May clos
ing at 49,. $40 Cash prices were Ic to
lizc lower. and spring demand was the
best for months On the decline, sales
over $4,000 bu- Receipts "a cars and aoi
are estimated
The fore part OF the session there
was free selling of May by Howe. Bros
seau and CuGaiIy. When wheat turned
strong there was good buying by Knee
land and Wrenn.
OATS
Oats declined faster than corn and
failed to show ralIying power when other
markets turned There was the came
moderate selling by cash houses. and
when May got under 5Izc there was a
good deal discouraged and forced liQuida-
ton Cash was 1c TO lizc lower. shipping
sales 10000 bu- Receipts iG4 cars and iei
estimated.
PROVISIONS.
Provisions were stagnant and closed 4
shade higher with gain after slender
losses early. Outside trade was small
and packers did little. There was a big
cash demand and Armour has taken over
3 90 90 lbs. ribs this week