The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-05-06
THE WEEKS MARKETS
GRAIN GENERALLY STRONG.
WHEAT HELD Up WELL ALL
THROUGH THE WEEK.
Corn Had 81 Very Good Undertone
of Strength. but the Close for
the Week Was Lower.
Once Republic.

| Thr speculative grain markets of the
country. and in particular right here in
ST. Louis. have teen largely under the con-
troll Of thu professional element. which.
however. ~ no new thing. and consequently
created NJ Dealings most of the
week have leer. OF a luie, order and chief
ly of a scalping nature. outside participa-
ton in speculation being almost nil. The
principal feature of The general situation
has been tine underto-e of strength which
has prevailed nearly all the time, and quite
often in the face of adverse considerations
but which have not been conducive to any
material change in values. except in the
case of the higher priced grains. Periods
of stir and hustle In speculation Were few
and far ~etween, there being many more
duh and stagIant days than there were
lively ones. and as far as exciting Incl
dents or quick changes In prices were con-
cerned. there We're more. The week has not
been prolific o; many changes. the situa-
ton. as a rule. being extremely narrow, and
the range of values confined to fractions
most of the time. The course of business
has been interrupted several times this
week. owing to the visit of Admiral George
Dewey to the West. Last Tuesday the
Chicago Board OF Trade was closed. and on
yesterday :lie reception given our distin-
gu;shed vista: on Change and the adjourn
ment to-day checked business. materially.
The technical position Of wheat the past
week has been such that bullish maDipula-
ton has been made comparatively easy. AS
far as exciting incidents or sharp price
changes Eera concerned. there We're none.
but there has been p very good undertone
of strength. that was seldom interrupted.
and a fairly substantial gain ir prices was
recorded. with the ptions of the Ohio
state report. that showed reduced condi-
tons, with some few damage reports, the
crop conditions and the weather at spring
and winter wheat points were favorable.
the weekly Government statement being
highly favorable. The receipts at primary
markets. while not what might be called
heavy. held up remarkably well. consider
ing the season Of the wear. The visible
of 2.342.0N bu. and thst of Europe $3.50 $50
bu. The total worlds shipments were less
than soo0.1o bu.. and the amount afioat fell
of sharply. Bradstreet's statement was
bulIish. az it showed a decrease in the
worlds available Of ., 4os. coo bu.. while in
the available east of the Rockies there was
situation throughout the week was no bet
ter than it mas been. and there was little
significance from a bull standpoint to be
taken from the cables. TIL export move
ment. on the other hand. was very good.
tho total EXPORT clearances for the week
footing up over asa 900 bu.. against 2.ssi.0o
bu. las; week and 3.4ss. 90 bu. 81 year ago.
81. Louis during the week has exhibited
more strength tnan other markets OF this
country. Other grain CenterS Dsing ihciincj
70 take a bearish yisw OF the situation. This
Was especially the Ease late in the week.
ami the gains locally were small and the
close yesterday. tho last regular trading
day Of the week was &c higher for the
Nav option. at i"ilc. Zee better At sas>c for
July, and at ssrsc and ssi.c respectively for
Aug and sept.
The weather conditions wer. nv No means
favorable for q bun market In the coarser
grains. vet while values were sharply on
from those ruling at she close last S2fur-
day. there were times when the local mar
kct was strong In tore. and this was In
the face of adverse news from the coIn-
try. which stated repeatedly that the fine
growing weather was bringing the plant out
a bountiful Weld. The Government weekly
report. on the other hand. showed that
planting in certain sections Of the South
had been retarded by the foods. Receipts
in excess 81 those of last year. The visible
supply decreased 2.IeS.DN hu. and the
amount on ocean pasfagr increased St.po
hu., while Rradstreet's figures fell off g.
az. eco bu. In the available. Business during
the week on foreign account was not very
heavy. exporters as n general thing being
beartSh In their views of the situation. and
the export Clcarances for the week were
3.4ii.0 bu.. against 3.G2l.0O bu. last week
and 2.6l3.0o bu. a year ago. In a specula-
tive way. the situation has been quiet. and
the final figures to-day were Sc of for
May. at 3sSc, and nc lower, at 39d S9i.c
for July.
There is nothing new or of vital interest
10 say of oats. that grain being more OF
less neglected. owing T., the interest taken
at the close Of the day the situation was
not much different from last week. May
closing unchanged at ..i4c. July ,.c better
at 234c. while Sept. was De.