The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1904-09-23
IMPROVED DEMAND AND STRENGTH
IN NORTHWEST SENDS WHEAT UP
After Opening Weak the Market
Gains Steadily and Closes
With / lie Advance.
REPCELIC SPECIAL.

REi'CELIC SPECIAL.
Chicago. Sept. Married strength in
the Northwest. where both cash and tu-
lures were strong, I'm spite OF larger re-
ceipts. an improved demand for cash
wheat in practically all markets. reports
OF better -four sales in all directions and
nnaily BrooInhalI message. claiming To-
Gusts were damaging the Argentine wheat.
reclaimed the local market from a weak
opening. and early declines OF i.c Prices
advanced about &c from the low point
made shortly after tho opening. May
reaching Sll2i:. and closing al that point
with net gain OF Ii-c and Dec. up a.
much.
Pit conditions also contributed 10 the
chsnSe OF front in tn. market. There WAS
open opposition 10 an advance by the Ar
mour house and this. with excellent
W-ither conditions and the increasing
NORTHWEST movement. induced short SELL
ing early in the session, a condition which
heipei III the rally when shorts tried 10
cover After slight weakness at the out
sex the minneapolis market began 10 show
growing strength. and reports FROM that
market claimed there was buying there by
ArTnour- At BEST. prices In that market
we're II &c to 2esc higher. cash the strongest.
and the close was practically at The top.
DuIuth and Southwestern markets show
Ing almost equal strength.
There was buying by Northwest shorts
ana by St Louis houses. Spencer and 9th
ers- on Il bersi scale. Strength in South
western cash markets. reports VI a better
-four demand at Minneapolis, ST Louis and
here. were additional helps.
The local cash market was unchanged
to &c higher si,riDg' wheat scarce and
wanted and the low grades slow. No. .
Northern sold rs high as SLls and there
were sales TO rnillers OF about 3l.,r" hu.
There were renewed claims OF :. falling of
In Southwestern county offerings
CORN
The passing OF the frost scare with
prediction OF generally clear weather and
rising temperature resulted in heavy scat
tered liquidation OF corn. the market be-
ing weak throughout the session and clos
rally Of &c to i.c from bottom price. Tn.
country continued to send claims that no
damage had been done TO the crop b. the
low temperatures ana ROW Practically
safe from frost. Cash market was steady
10 &c lower. shipping sales lsa.gS b1I. Local
receipts were ~ cars and 55t estimated.
Manson and of about 10000 TO- Nsy
by Bartlctt-Fra.ier. presumably snort.
and Cudahy brokers. on the decline there
was some support by PrinSie and the
mission houses. led by Ware-Leland and
Updyke.
OATS.
In oats there was the same pressure
Of hedging sales. in which Northwestern
and local cash houses took part and the
market saSged &c. closing I-c lower.
Private elevators showed continued actiV-
iiy In turning out standard. contributing
500 bu- to public stocks. Cash prices
i.c to &c lower. sales $50 bu-
PROVISIONS
Provisions trade suffered a relapse. out
side interests smaller and corn weakness
indicating scattered liquidation Every
thing closed slightly lower except Oct.
ribs. which were wanted by Armour. The
packers. however. did little in the Sener-
al market Cash demand holds up;
especially for lard.