The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1904-09-03
After an Early Advance Wheat
Goes Down p With Il Net
Loss of l l.c
REPUBLIC sPT1Ir.

REPUBLIC SPrrTAr-
Chicago. Sept. "A 1et-veather rap
Tor the Northwest. Esht showers 20 "a
Jher heavy rains scattered over tn. three
sprinS-wh.at States. seems 90 verify the
fears OF further damage TO the crop on
which the market had advanced Thurs
day. and there was strong opening.
prices being Up &c for the Sept and &c
for the May. But traders who had an
t:cIpated the rains and bought wheat We're
disposed 30 aBt.cips;s improved conditions
and take ihc!r profits.
The market did not develop a large
enough demand TO encourage holders To
wait for more OF an uptu-a. and pr-dlc-
tons Of clear weather IN the Northwest
for today increased the disposition 20 sell.
There was liquidation by the larger local
longs and continued ceiling by the St
Louis bulls. While there were occasional
rallies. they seemed to bs met every time
Dy renewed realizing
Prices worked lower ~ easy stages. and
finally closed ~ the bottom OF y decline
al net losses of ii.c for tie day foE al.
deliveries
DoLEFJI. REPORTS
There were a good many dolefgl reports
from the Northwest of heavy rains. Of Sc
riO'Ls damage to cut and urcut grain. and
Of distressing returns from the thrIshiilS
machines Winnipeg sent claims Of frost
over quite a territory In Manitoba. result
ing ia injury TO the quality o; the grain
Bur the reports OF damage were not &C
ScupauieC by any III tstnt volume OF
buying orders. the commission trade. In
fact. icing smaller than III a long time.
The absence. OF business counted against
the price. Jones estimated the crop Of
the country at aiIrr.rr hu-, including
10000 bu- OF macaToni wheat ant sl-,-
"',.c-y uu- Of winter wheat. at --.",'.t-1 Ia.
les winter wheat than EiNei. IL the Gov
eminent report on August ~
Tn. Northwest sent some strong cash
news. Duluth reporting sales OF vy"o hu.
Old and new wheat To Eastern nl!li.rs, ans!
Minneapolis sale Of ij'vc 10 so 10 DG-
lutn. Cash business here inc!uged ai..J
bu. No. red winter AZ &c over new sept.
10 Eastern milleTs- Hard winter wheat
vas = slow sale
\ pit feature was con;.nuet-realizins by
St Louis bulls, said TO b.. based On the
lulln-s- OF hard winter wheat and cut
IN p-:ces OF hard winter Hours IN tine
Southwest OF as much as 3"c for some
grades. Patton sold on the early bulge,
but bought again under s. ivis.
Private elevators contributed I2a.0 bu-
No. hard 10 the CONTRACT stock o.
HEAVY CORN MARKET.
The prediction o. warmer. clearing
weather. slow cash demand and the elm
nation Of good part Of tae local shcr; IN
t.res; the last TWO days resulted In Il
heavy corn market. with the ciose at
about bottom prices al losses OF A.c 10 &c.
There VS. considerable local pressure on
the market most Of the session. Frlng i
and others s.!!ing. AID only a moderate
demand from commission houses The
Spencer house Vas On both sides OF the
market
Claims OF slow progress being made by
this growing crop were perhaps less nu-
IlcrCus and elevator pope had some good
reports from Northern Illinois and iowa
and reported country offerings more lab
.IaL she cash market .as slow. prices
T TO lc lower and shipping GALES so.o
bu- Brokers claimed they could not even
get. offers from the East. Receipts a.
CaiEs and ell estimated Tor Tomorrow.
OATS LOWER.
In oats there Was only a moderate t-ade.
With the close i.si-c lower with other
grains The cash market was steady. but
shlpiiuS demand was not 80 good. sales
Only -S.c.S bu. Country offerings continued
light. receipts 20 carr. and - cars eX-
p-cted tO-morrow.
PROVISIONS OFF.
Provisions started out with a fair de-
II4and from outsiders FOR Jan. product. but
Uace soon became small ami ta. mar Ike,
turned easy Ia sympathy With grain Phi
y-fe estimates mace III. xoTII's lard
stock from ZOO to 800 ties. smaller than
90. aus. J. 4A= aI.fase weight Of local
receipts for the month was 70 lbs
dc AiEL - lbs. last year.