The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-02-25
.!HEAT bEAaISA,
WITH SLIGHT DECLINE
Ia CHICAGO PIT.
N:.Ens.r OPENED SLIGHTLY BtLL
i~,I. r:r >,B>ssi MI GREW
VERY SIGH
CORN STRONG AND HIGHER.
Ii;fD OFT NtEttNTIN tGtiNSC
HENsf>E~> ~ NiiEtr-oaTS
VERY QUIET.
PROVISIONS DROPPED SOME.

chicago. H.. T-5. e+-Whea- reacted q
lit:le al the opening from yesterdays weak
closing. but subsequently became very sick
and cI.s.I &c lower than il did Friday.
corn. or the 0-L.r hand. pared company
with is I-ciying companion amt wound up
strong AZ I.c Improvement. The friends OF
Us earlier strength. who had temporarily
deserted corn. came back 10 its aid aai
hid much "a DO with re-ruiuE l. from the
had company It was disposed 20 keep. Pro
visions DROPPED some Of its b~ullishn.ss in
PREPARATION for the approaching Lea.en SEA
son.
Wheat
A disposition to buy IN short wheat on
The theory that a. reaction Of ~ az least was
!u- after such a sharp decline was the most
prominent idea in the minds Of wheat trad
e-s a. the start. Some who had had 10
interest on either side bought a little ten
tativrly. under a similar impression. and the
action Of both parties holding such opinion
brought about sOIIo such result as they an
ticipated. The best they did for the price.
IA wever. was 10 steady It for a short time
while people Of bearish proclLviiies sold at
tho slight advance when wheat trading
commenced. The opening transactions for
May wheat were at from GJssc to 65Lsc. as
against Gji.c IT the close Friday. II touched
to- u tb"sC Tor q III sfIf-I1- anu hcn Tie Selling
Jvercame the buying and continued 70 90
80 until ssi &C was reached. At the price last
named snort selling ceased for the time be
inS and both parties agreed upon an arms
toe 10 permit the decent interment of the
bulls slain during the two-days' engage
ulelt. Liverpool reported only sd 10 I'D de
cline in wheat futures. and explained the
Responsiveness Of such a trivial decline
s4:er yeSterdtys slump on this side by
stating that it Was Steadisd by good Coul-
t.N t.EIng. ENTfS was weak and QEUte:
prices of futures down li.c d bI-
The total receipts tOr Inc day al the ch.er
Western receiving points We're &I,vJ ba.. as
against $4,000 Du. the HE day last year.
Atlantic ports cleared wheat and flour
equal 10 45l.a-' bU- Antwerp reported wheat
at sc a bu- over. Berlin Is ic DOWN anu
BUdd-feSth sc down Australian wheat
exports Tor the week were $3.50 bu- The
Week before they were S.S.s" bu- Some In
qsiry for wheat TO 20 East was reported
here. but not on "a scale sufficient to re-
Iieve the bearishness that uIiderlaid the
broke out In q fresh place and caused a de-
cline TO a still lower point than already
named. The lowest point of the decline was
t'fsc for May wheat, and II closed at s5c,
or A4c lower than 1; did yesterday
Corn.
Corn made a strong stand aSains: the
Encouragement Of "a heavy wheat market.
and Log. carloads inspected into store here
since yesterday morning The total re
ceived at the primary Western markets was
si-.t%c bu.. compared with $4,000 bu. a year
ago The frs prizes in the pit for May
corn were at from 34Tsc TO SOC, with an I'M
met;iaI drop 10 5i;sc. From the latter
point tho price rose gradually TO 35isc. Some
-: the bulls, who had for a few days been
endcavOriag to get prices down where they
could buy AT a Tr-fit under the rates they
had previously sold out at. We're conspicu-
Gus buyers carly in the session. The sink
ing wheat market created too much down.
ware: suction. and after a gallant struggle
10 clear itself corn got finally drawn into
tte vortex cor a few minutes. hut once more
pulled itself clear or the sinking wheat and
closed at S5tsc for May delivery. as against
$i.sH35c sellers yesterday. The clearances
for the day from Atlantic ports were very
heavy. amounting tO 1.I|:.1D bu. Estimated
receipts Of corn Monday at Chicago were
t.i carloads.