The St. Louis Republic., 1905-03-24
Oats Active. at Slight Decline,
With Provisishs
Dali

ChicAgo. .NarcA 0-Wheat = without
doabe settling 70 lower levsl Tho naT.
kes may have occaaooAl spufts of buoy.
ancy fr0m time 70 time. but the general
direction ,Wiu nevertheDes0 b downward.
THIS vas the argument advanced by con-
servasive brokers to-day. and one to whicn
the action OF the 0ASket Itself lent an A.
stsaing voice.
Outside maseses acted - harmony with
this. BeaStsh seaunant. - fact. found .
more iorceful expsession at Minneapolis
than In the local pit. Appasently manipu-
lasion - .iosans iss psseacy ~ there. -
II has down here.
Whoever has besa ssytng to hesd yesces
up In the NorthWest-the trade here BE-
lisvss Il b Piils6uFy-is nkened 20 the man
who tried 70 pull himself up BY his boot
straps, and Il looked to-day ~ though the
bVo.ssrasss Wers so~us u sniAo u;sosr ins
strAin.
C0nIinued heavy receipts. slow demand
Tor 0Osn WneAA and nOus ana weeense Oh
the new cSVp wers s0S.cas reasWn0 lOr tns
weakness sAl Minneapolis
1ne nrst-name0 factor wa0 In tSe1
enough u oiscOuF1xe all enort 70 o0os.
prices. the arrivals I0r the Jay beanS ~
CARS. compared with - cars u year ago.
II ~ surprising now much wIseat loe
farmers h.aI.aSe TO scTApo Together ana
Seu At these l,G1cCS.
An. ivcai trade was inspired TO q large
extent 10y the turn Oi things An the NCrsn-
west n,.rket. aud thesc Vas An over
Tnelming desire ~ seal. cVn:iccled uEon
the July delivery. FavOraDic weather ior
the growing crOp ami the siaateranx re-
bOrtS cOs0iny in from all ssectiUns inlensi-
lied tue bearash attitude OF the trace.
line1s ard there was aeAvy sciiing for
Northwest account. some covering 0y
local shorts was indul@e.i in early. but.
inis demand once satisfied. the ouyin9
Nas tame. IL seems TO be tho growing
impression that the holders OF May wheat
have ~ reduced their LINES on the recent
advance that further serious manipulation
In that delivery II not likely. Indications
are that = E0Od-sized short line Was re-
Gently eliminated.
Corn continued dull under pressure Of
liquidation and ruled weak. Covering by
shorts to secure profits lifted tho market
from the low point. Fine weather and the
prospect cf an early painting season ssim-
Giated bcarish sentiment
The country Is not selling any corn
to speak OF. out with soft roads and the
preparations being made for getting the
expected.
OATS FAIRLY ACTIVE.
Oats were fairly active at the outset
and easy. Selling both BY the country
and the weakness In other grains caused
prices to ease or. At 3i-c for May and
.saSc for july. there. Wa4 good buying on
resting orders for outside account. The
local crowd ~as also buying at the decline
and the greater part OF the shorts cOy-
cred and took profits. and this caused
prices TO regain the early loss. But the
weakness In other grains continued To de-
press this market and prices eased on
slightly.
PROVISIONS DULL
Provisions were dull and easy. The
weakness In coarse grains. the decline Ia
prices at tho yard. and the report Of the
Price Current. which showed the stocks
Of meat Oh hand ia the West March At
.ss.00..AO lha. compared with A6.03.N0l
lbs. n year sao. and yolriy average for
ten years of 81. .Ta0o6 lbs. had Q ten
,iency lo 'lepress the market. The selliug
showed little change after the early re-
cessiOns. Buying vas scattered and pit
traders Thought greater part VI it Has
for the Packers.