The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-05-02
GRAIN GENERALLY FIRM,
BUT EXTREMELY QUIET,
THERE WAS \ VERY GOOD
UNDERGONE OF STRENGTH.
Dealings Were Small. Speculative
Interest Being Nearly Nil. but
Prices Closed Some Better.
Omce Republic,
Tuesday, May /, lao

Omce Republic,
Tuesday, May l. EaA-
Our grain markets were without Chicas o
quotations to-day and were compelled 10
stand upon their own bottoms and TO got
along as best they could, which. TO say
the least. was not very satisfactory 1"
traders who We're on the lookout FOR a
scalp or commission. The Chicago market
was closed for the day in honor of Ad-
Iniral Dewey. and no news of any dc scrip
tion was received from there that could
be considered Of Importance There were
other sources of Information, howcve r. but
in most cases the news sent out WAS not
by any means favorable TO the buyrag in
tcrest. Still, there was no decided weak
ness displayed, the undertonr. if anything.
being strong throughout most Of the ses-
sion. There Was little or no trading i'll
dulged In to-day. the fact that Chicago
was closed appearing 10 have a chilling ef-
feet upon speculation. and throughout jhe
greater part OF the day the pit presented
II deserted appearance. so dead was spscu-
lation.
As far as exciting incidents or movement
nf prices OF Significance were conc"caeu.
the local wheat market to-day. and eS-
iecially early. might just as well have been
closed. the situation in d general WAY icing
even worse OF than Oh yesterday. and that
- --s u.s. " rcSb 90 liz AH'N t-AAN 4AAa
go was closed. owing to the Dewey cen bra
ton. WAS the cause for the deafness Of
speculative trading. and the lack of clove-
!htnL IN prices, tne conditions al Other mar
kets and the movement II prices apVa rent
~ having bet little effect. 50 dead No ge pit
operations this morning that up To about
10 a. m. there WAS not a single trade ma.:e.
and even after the market got fairly StITj-
I'd trading was of a sluggish order 4 nj es-
tremeiy embarrassing and light. Eni ~ all
vices We're not conducive to much = .rrnSJh
or activity. The foreign markets heard
from were duIl. with but liitle en- ,nSc IN
price, London and Liverpool being ID low
or than they closed yesterday. ON this side
the weather was favorable and crop cpndi-
lions were said to be cncourdg!r. y Is il
was well possible for them lea he. Receipts
AT primary markets continue to hold up
well. the arrivals here amounting 10 t7.7o1
ears were received at Northwest. IN points.
against 30 cars last year.
There was no pressure either II, sell or 10
buy at the outset and the market here WAS
slow 10 open. hui when II did JuE wasIi-ls.
higher at bIS.It1l-C and il w.ES not long
were bids of seTsc for May and t.i.sc for Aug.
mis- very Favorable. start was in the face
al barely steady Paris cables. which Were
&c lower. while Berlin was - better. hui
Buda-PeSth - off. Corn was strong ami
had a strsnsthening effect upon the fine
grain. After this start the mdgket settled
down into a perfectly ;dgpant condition.
News of all kinds was scarce. there was no
disposition shown tn take cirser side and
mp to the hour of noon thee was not a
particle of movement to prices. and the
oniy trading WAS IN a li'tlc May at 695sc
and in July AT o1S-C. Late cables from Liy-
efpooi were still sd off. and Antwerp was
unchanged. while the outward movement
HaS 4,'.''p bu. in -four and wheat When
bradstreetS report WAS posted il was found
10 ne publish, as il showed "a decrease in
the worlds supply of :. i0s. aD hu-. agains, 4
decrease of S.I3I.Hs, bu. one wear ago. In
the available east of the Rockies there was
reported a decrease of @.ilN.sD bu-- thus in
dlcating 4 falling eft Of 1862" TN. outside
uf the regular visible. The increase OF L.
",N"" bI. i'm European supplies WAS not
given much .r"d"nce. There was hut scant
attention = % To Bradstreet's report. IA
Noratie H. /; WAS. ami il had no material
erect upon values The market held up
Wei. however. and at the close there We're
buyers at l.Haxc advance fer MAY at tg7sc.
a similar advance being recorded for July.
which closed with buyers at SIS I6.Sac. Aug.
helrS quoted at 6.Ssc bid ana Sept. at ISisc
hid. while for No. : hard for July CSC was
hid.
The corn market gave every indication Of
strength during the early hours. and started
on in the most encouraging manner. ana,
while the gains for the day We're not large.
they we're better than expected. The huu
the arrivals at Western markets viii out
chicago and Kansas City which We're
closed for the day. being 5000 bu. aga INST
i3l, go bu. Il year ago. including 15.eD bu.
locally. against $3.50 hu. last year. The
total shipments We're s8."c bu.. and the ex-
port clearances ili.V9 bu. BraQStIeeC'S also
"A decrease in TIE available of
3."3a,vs bu.. which was Hii.cHD bu. larger
Than the official visible. There was moth
ing that could be considered as encouraging !
from abroad. and the weather was favor I
able for planting and the growth of the
already in the ground.
The tone here was strong and the market
opened at 3Si2c for May and at S9ac for
July. and IL was but a short Time before
the latter was selling at i0c and May WIS
bid 3%44c. Another strengthening influence
was the small deliveries on May contracts. |
which were only 1900 bu., and, a. Il result. J
option sold up TO ..sfsc. AS nigh as
40fi 4jisc WAS bid for July. but no sales f;
were made over i0r. liverpool cables were
bearish that market opening 3.f higher. /
and then declining I'D on large arrivals OF 4
corn there. The close here WAS strong. az
l4c advance for the day for both May and !
July. which closed at ss7sc and Ace bid, re-
spectiveiy. /
There is little to be said in connection /
With the local oat situation. very sligffJ at i
iention being given to it. The receipts. ex-
ciusiye of Chicago and Kansas City. were |
reported at tl.G1 bu-. against G4f,tsJ bu. "a I
seSr ago. a,1cJ bu- arriving at ST. Louis.
$3.50 bu- last year The totas ship 4
nents were 10000 bu.. and the exports So
M bu. According to BradstreetS x the visible |
increased f3l 900 bD.. where the regular |
visible was increased es6. go bU. Tn. spec
Hlative market WAS firm. especially Tor
Iuly: for which 23i4c was paid and bid at
he close. being isc up for the day. May
unchanged and sal3l,ic at 3ii,c.