The St. Louis Republic., 1900-11-13
STRONGER MARKETS
AN ALL-ROUND ADVANCE.
SPECULATIVE GRAIN MAR
kETS WERE STRONGER.
Bear News Did Not Count and
There Was IL General Gain Re
corded in All Grains.
Office Republic,

Office Republic,
Monday. November l., ESV.
The speculative grain markets here and
elsewhere this morning presented stronger
and bolder front than they have for some
time. and the undurtone ~ strength dis
played hy all grains last week and in par
t;cular Saturday Vas more than ever in evi-
dence and the gains IN price were greater
and more firmly established. There were
several conditions OF a statistical nature to-
day that under ordinary circumstances
would have had a bad influence, hat in this
case they had none bat temporary effect. So
very friendly were the majority Of traders IN
the bull side. All grains were stronger ana
advances were recorded right from the start.
and In n number of instances the close was
right at the top. Speculation was broader
and there ere times when unusual interest
was manifested and considerable life and
animation shown in pit operations on the
local exchange.
There was evidence to-day 10 show that
the local wheat situation was the biggest
and strongest that has been experienced
since the stronger Cndertone was developed
after the election. and would indicate that
this grain has gotten into the bull stride
along with Wall street stocks and other
things of a speculative nature. Inc I'M
provement III values and the course or the
market last Saturday appear to nave but
paved the way for still greater Improvement
to-day. which resulted in well-sus-
tanned and quite sharp advance in values
here and at other leading speculative mar
kets There Were several hearish items of Il
statistical nature. but they had only tempo
1ary effect.
The strength displayed right from the start
was naturally accompanied by a more bull
iSh sentiment. which carried with II an up
ward movement III prices, and although
there We're several setbaCks, finally resulted
in good gains for the day. There was noth-
ing new regarding the Argentine crop early
to-day, and Liverpool cables, which frst re-
ported 2sd advance and then declined iId,
were more impressed by the bearlsh statiSt-
cal news sent out this morning, ana espec',
ally the worlG'S shipments, when amounted
10 over s.urJ,ULD bu. aud an increase dilo't ol
1l5a.0vQ iu., whereas Il year aSo at THIS une
the increase WAS but 600 bE. Against TINS
array OF bearisn influences there was ohIH
the Iact that the t1aue here ana elsewhere
in buying numOr ami 10 increase WAS
reported in the crop movement at spring ana
winter wheat points, the arrivals mere being
reported AT cleo bu., or $3.50 pu less thah
those OF last Monday.
There were a nLmber Of orders to buy on
hand when the market opened this morning
and the initial trades N the Dec option
We're at &c advance from SATURDAY = close
at 13c, but May was only isc higher at ''!ic.
MS StfuHS OptIiIIIS bipuSJN OAat li!SiS NiitShS
Tor sale than could readily be taken care OF
and there was sharp setback, Dec. quickly
breaking To 12l2c and May TO lo1sc, the latter
shortly after going 10 'os2c- linen followed
a quick rise on a cable from Antwerp re-
porting an advance there OF 2Ssc, and which
was Surmised TO mean that the damage 10
Argentine crop had been confirmed. Other
Continental cables came stronger, Berlin be-
ing reported sc anu Buda-Ptsth sc up.
These more than Offset a report from Mlnne-
apolis to the effect that more than 10 per
cent of the mills mad closed down. The clear
anceS to-day from the seaboard were en-
couraglngiy large at OIL GOO bu. All the mar
kets of tnIs country rallied srnaruy on the
Antwerp informa tion, and here Dec. sold up
to TZS,ui2;sc and May TO Ibs4c. The buying
Paris was reported i4q42c better, and Liver
pool closed isG higher lor the day, ana Dec
advanced and sou at 1S1ac, and there were
pected increase In the visible supply of this
country was but 61l,eeo bu. and stocks in the
Northwest we;e seid to have Increased 1,0V,-
UL hu. A later report on clearanceS from
this country made the amount 6is,ryo bu.
After the demand. noted above. was sat
isfied. Dec. eaSed off TO l29sc, when there
was another upturn on large and some
what urgent buying on the part of we'll
known houses, There was some strong in
formation on the Cash Situation here and at
other markets, and on the rise that took
place. Dec. advanced and closed lesc higher
Tor the day at 7Slso sellers. which was
SO strong, going only to Ufac and closing
a fractlon higher only at 7itsY.sc buyers.
The close for Nov. was noIninaiIy 3zc bet
ter at iSc.
Corn locally was quiet, but developed a
strong tone right from the send-or. and
most of this strength was maintained TO
the close. There was no increase in the re-
ceipts here. notwithstanding the hne Ship
ping weather. they amounting to only a.
sHV pu., against lSv.yvJ bu. q year ago. Cables
were also nrm, though the words ship
ments were larger, and closed from 1sd
lower to that much hlgner. The shipments
IRON primary markets were heavy, ana eX-
ports from Tie seaboaro liberal. The amount
reported aftoat was increased ll2,pu bu.,
but this was offset by a decrease in the VS.
the day Was of quiet and uneXcitng ma
ture, and the volume of transactions light
At the start May sod 4sa4.c nlgner at
3ossc. and Dec. was lsc better at 3t;sc. \
weak spot Game to the surface shortly after
this good start. and Dec. and May sold OF
TO Sissc and So%.c, respectively. but the mar
and So.sc for the latter. AS the session drew
TO close better and stronger market
was had. the demand improved and became
quite urgent, and DOC was finally pald Tor
Dec. the close being &c up tor the day
at tnat asked May closed Is4I.c better al
S:o.sc bid. and Nov. 12c higher at S57sc nom
inai.
oats We're quiet and attracted but little
attentlon, ana, therefore. can be dismissed
With Il few words. The situation was strong
All day In sympathy with corn and wheat
put there was lao trading, and the close was
nomlnaiiy tac higher for Nov. at 2;;$sc Dec
closed &c better at 22;sc bid and May &c
up at 2ia.c bid.
ON THE CuRB-Wheat firm. Dec. sold at
.St2c; puts iSc to .2;sc; calls ,ic to 735sg
I4c. May sold at Iiiac.
Traders Gossip.
,.shipments Of wheat by the principal export
Last Wk. Wk- before. Yr. ago.
1,iietica .............. 1bo0D S.bl-,vuU i.65UJ
ISu'sa .''..'.......... oVtuVv t.1-4.vyO 2lbJJJl
Ima tio'iaiA ''..'..'...--"'oV'V 1.t4i.tJv -iSU9J
-,usltaila .'........... igtv1 $4,000 5000
Afseie''s ........'... S'o'vao 4e,g0J i.iI-,yG!
Totals ....--.....sejSv0e S.Ss6.01) S,6llOJl
..l