The St. Louis Republic., 1900-10-26
MARKETS IMPROVE
GENERAL RISE IN VALUES,
BULLS MADE MORE SUCCESS
Full TRY AT MARKETS.
Speculative Dealings Were Not
Heavy, but Confidence Was
Materially Restored.
Omre Reuuhiic.
Thursday. Oct. ., 1900.


Thursday, Oct. .. 1900
The grain markets most OF the day were
slow and without particular feature. aside
from the fair undertone of strength shown
in the face Of some hearish adviccs. The
markets one and all, exhibited a disposition
to do better right from the start. The
change for the better was a little slow in
coming but before the close they improved,
both in a trading way and in price. though
the gains for the day were chiefly in the
high-priced grain. those IN coarse grains
being by no means large. The develop
ments over night. ard especially at the out
set. were not of character TO inspire much
confidence among those friendly TO a better
ment in prices. Later they were materially
improved for the better. and the dealings,
which were not on a very large scale. were
at higher rates. There were times during
the day when things did not look bright or
promising and reverses occurred several
times, but they were not serious, and were
generally followed by good recoveries. with
the result that the close was right up near
the top prices Of the day.
Tho bulls in wheat took another try at
the market to-day. and were more success
full than they were on yesterday. as they not
only advanced values but had pretty good
control of the speculative situation to the
close. which showed qriite a substantial ad-
vance. While this grain was not conspicu-
ously strong during the greater part of the
day. there was a slight betterment and n
very good undertone OF strength was de-
veloped before the final close. There was
no great amount of news received, and
early the bulls were more or less handI-
capped by bearish advices some of which
4ff.f-
which. however there were substantial re-
coveries. The initial cables were bearish,
they noting I'D decline at Liverpool Re-
ceipts were also favorable to the bears
they showing no falling off anywhere. At
this point 1850 bu. were received. as
against 6,1o0 bu. week ago, and % 100 bu
a year ago. At Northwestern markets there
were arrivals Of Oh cars, compared with
$50 last week. and e27 last year. Shipments
were large. however. at 81. 100 bu. from this
market, and stocks decreased 1o0o0 bu.
The first bull:sh news received this
morning was contained in the Cincinnati
Price Current. which stated that insects
eggs had been found In the wheat Of Ohio
and Indiana. which had created alarm.
This. and the fact there was no selling
pressure on any other markets had opened
higher, started buying here and Dee
opened &c better at 7o74c and soon sold up
TO 7lc. May In the meantime opened L9
Ssc higher, and sold at i57sc. From this
good start there was let-down as soon as
this buying support was Withdrawn. and
Dec. went back TO 7o74c and May to 75ls6p
7514c. Later there was renewal of buyins
on reports Of insect damage from Illinois
and Missouri. the latter also reporting that
weevil had made its appearance IN stacked
up to 1hc and May to 7Sikc. "'
Continental cables reported markets
aSsS abroad well well sustained in price, Paris. in
showed no change. Berlin only La lower
and Buda-Pesth that much higher, while
Ltverpools close was only sd loss for the
amounted to 2.1s4.OO0 bu., asainst 2,757.00
bu. last week Before noon the Dec: option
touched lkc, and for May 7o2sQg7524c was
for Dec. and to 751sc for May. Shorts were
u., uneasy % IN their d minds over the talk ox in.
5iMa7issc bid. with sales at 7s%a7sc in
for Dec which Was on h,faes aeer fop oe
the day, and at which 1t closed bid. May
closed %g;sc better, at 7S5sc s.: and Oct.
bic from Argentine stated that crop pros
poets there were very unfavorable, and as
foreigners were said to be buying on this
Friday.
Corn early in the session did not attract
much attention from traders, and was spec
ulatively dull for some considerable time af-
ter the opening. Still, the future market
showed a sympathetic undertone of strength
with wheat. though the advices were not al
together favorable from bull standpoint,
the Cincinnati Price Current stating that
ments. The weather, also, was favorable in
the corn belt. But receipts were smaller and
shipments larger. the large cash business
shipments. The days receipts at Western
markets were 4I1o00 bu. against 563, coo bu.
last year. including $500 bu. locally. against
hrI Voc irrfn
ported at 741 600 bu. and the exports at S39-
900 bu to-day and 2.s3e, 900 bu. for the week,
as compared with 2,6s0.00o bu. last week. Ca
bles from Liverpool were not by any means
favorable. that market being reported %d
lower. but did not influence this market.
ssikc. but Dec. was steady and sold He at yes. q.
terdays close. at 34c. and for May 35c was
bid. Statements that country acceptances
this market, and Dec: sold at s41sc. and for
May 35isQ35h was bid October did not ex-
hibit the strength Of other options, break
ported there of 100000 bu. cash. having a bad
effect. and it was offered at 36l4c, without a
taker. and at the close was. &c off for the
day at S6lzc nominal. Other futures held up
well. with sellers very scarce, the close for
Dec. being &c up at 34ssc bid year, and May
also &c better at 341sc nominal and 355sc bid,
respectively.
AS usual, the speculative oat market was
late in the days wen % there e @ Were sgeG,a snyeIs at
22lkc for Dec and &c higher at Alkc for
May. Oct. closed Ac off at 22iao bid. West
ern market receipts were 252 900 bu- against
432, 900 bu. year ago. st. Louis received
SO. LEO bu. against 700 bu. last year. Ship
ments were 639, 900 bu- and exports 10000 bu.
On the curb wheat was better. Dec. sold
at 11kc and that asked; puts 7o7sc to 7lc;
calls T&c to n7s4I2o to 713sc. New York
78 1-16c sellers.
Tfaders' Gossip.
Tho Cincinnati Price Current says the past
was q favorable week for autumn sowing of
wheat. and crops doing well. but considerable
evidence Of insect eggs in Ohio and Indiana
creating apprehension The years corn supply.
II says Is regarded as ample for all require
Tnents. Regarding this statement Of the Price
Current that insect eggs. which presumably are
those Of the Hessian fly. evident In the wheat
OF Ohio and Indiana, 1t may be ugaIn stated thar
about this time last year the fly inilcting
serious damage to the wheat OF these States
To-day the first evidence of fly damage was
shown on change A specimen Of the growing
from veax et,1-r