The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-04-10
GRAIN STRONG AT START,
BUT WEAKENED.
THE TWO LEADING GRAINS
OPENED HIGHER.
Conn Lost Most Ground, and CLOSED
Lever for the dav. but W heat
Showed a Small Gam.
Office Republic,
nr-S.y trrii 2. 1870

Nc-day. NIrit ?. 1890,
There was not much apparent stir to
the speculative grain situation to-day, and
in particular after the opening, which was
at an advance. and had all 'nr ear marks
~ a Iull turn, both wheat and corn show
Eng a Neil-dcnucd Undcrto0" ~ strength
an = return Of tho Aui''sh feeling SO
noticeable during most 81 last week. Thee
ware ;itdica:iona at th;s t5rc hat the spell
NJ iIiurfatinn, SO conspicuous during III"
cin~i-r dsvs 81 last week. had run its
course. and the hulls had again rcGained
confidence. and would make another at
tempt to take charge Of things. CousiieTa-
he if.cerlarIty Was shown IN value o;
both wheat ard corn. but, in the main, the
UnGertonr was firm. While there was no az
rrrss,.a hJyinr of either NJ he above,
pretty mar al! offerings found ready pur-
chaecfs. and. ne a result. whenever tn.
selling lot ny prices recovered, and IN In
Etecccs slight csi;s were made, and ulti-
m1tely wheel closed a little hit higher than
the arsi figures that went 81 record last
Saturday. hui corn and oats we're unable
Ia receiver what they lost during the day
and closed az a loss.
Wheat this morning began the session On
change ~ith renewed viCcr and strength.
and. While no; able 20 maintain tho fun
advance o: the day, closed with 4 very on
cogra;inc net gain in price. Tho cable adj
vices " rc 90 an encouraging character and
tho niarir; here opened i.N2-r higher for
JAW. At Gfi-". and Immediately advanced 10
sc. while May started on sc better. a:
sbisc iiiy.rs rho considerations which
were chiefly influential in bringing about
ms e, cnCe for the better were the failure
of rains IN The wheat section, which brought
OK reports that the plant was suffering
Tor lack of moisture. Eoth the Liverpool
ana London markets were up, the former
Ssl and the latter i.d. and was due to small
supplies. together with another decrease in
Liverpool stocks. Then there was a de-
crease of NSt.0.., hG. in th. amount a!iod-,
"ausrd ty the smaller worlds shipments.
Tho Iiack S,a ports sending out only '22.-
600 bu-. whereas a week ago there were
] .He9,e' hu. shipped, and l.e"ooo bu. a year
agn. Crop complaints were also received
from France and Austria-ilurcary and
Paris was 1c higher. according TO cable
aiiyioes.
All this was distinctly hullish. ann so en-
outraged tie bulls that they forgot their
throw-down last week and started in eager
ly 10 buy, with the result noted above. For
a brief period trade in the pi; was fairly
active and the tone quite strong, hut the
~ iiE N'it not !itftNN. -tSA'it NUN Nv
conditions mentioned above, the domestic
aIviC"s were not hullish. Arrivals at win
ley wheat points were large. being 1890
Ia. against 3, .'At bu. a year ago. including
= Sip bi. locally. against le:i5 !u. last year.
and tN ears in the Northwest, against ~ Il
year ago. Then. again. the visible supply.
when posted. showed an increase Of 2.2eS. 800
bE. which was said To- he the largest ever
reported at this time of the year, tn. in
'reasr = year ago being hut +ef.Gto In. In
spite ,f the above. there was little weaken
ing here, July not going below 6I&.c. The
sustaining influences came mainly from :ha
other side. where unmistakahie strength
was Shonn. Liverpool closing "td up Tor the
tSy aud London 80 higher. Antwerp bowed
- advance. Berlin WAS sc better and
Buda-PcSth showed A gain of fac, and the
i:''ior.an visible supply decreased lds9.t-e
hu. There were still other hu!lish condi-
lions. including the fact that exporters
were selling quietly to Foreigners. some Of
which was hard winter To the Continent,
and other markets reported good sales for
abroad. ON the strength OF This May sold
up to lie and July to Csc. the high point nf
IA" day. There WAS Aomc selling on the
expectation that the Government report il
sued Tomorrow would ~. hcariSh. and as
III" early corn strength began to ehb. There
Was quite a number of traders who took to
selling. and although other markets report
I'd good cash sales. there was a weIl-de-
lined weak spot developed here and prices
rased off until May sold at 70'.c and July
at t72s"6.i.c. The market closed with buy
- IL " - fhh' E'l Wv nay - ia q. dl
,"'sc, and July l2n%sc mp at 61a.c. April
closed nominally &c better AT 71asc.
There was nothing 10 indicate weakness
in corn during the early hours to-aay. but
that there was a weakness
WAS shown later, whrn prices let down
quito sharply and closed lower for the '!av.
The first infiuc,ce out Of the box this mo.Il-
ing was bearish. aud at ordinary inns
would have had "A weakening effect. hut
which made II" impression upon this grain.
This was the very heavy receipts here uP
$40 ~, I'm as r.inpaf.I with II n, I'm gpp
year ago. All other domestic markets were
strong. AS were the markets on the other
offers from this side. TIL large WORLDS
shipments and the Increase Of l.3dH.@WH In.
in the amount on ocean passage, against a
decrease Of 1.2so.a 40 bu. last year. caused the
market at Liverpool to open at sd decline,
bu. it soon recovered and az the close MAS
quoted i.i higher for the day. The total
receipts at Western markets were PG,yeo
hu.. against 2a3 go bu. a year ago, and ship
mcIts A23.o0 bu, while the export clear
anccs from the ports Were large AZ 5i,,tnA
bu. The visible supply of this country Mas
reported at l.45l 900 hu. increase. whereas
one year ago IL decreased s'6,r" bu.
The local market started Off very enc7ur-
asinciy, July being &c higher at 39sc ID
shortly selling at :;gTsc. while for Nav "ST-c
was bid. The strength displayed at This
time was maintained for some little TIM,
but Oh Chicago letting down. il was said on
free realizing, the market here commenced
~ follow suit and during the last hour NiV
sold on 10 3Si.c and July to 3slsc. tn" close
for tho former being &c lower Tor the day
at 3sl,c buyers and that much off for the
latter at .sec hid. April closed nominaily
Ia hcttcr al "Sisc.
out Of Sympathy with the early strength
tho "a; market A; this point started If W.
cnriagincly. May selling at 2'iac and Jrlv
2,I,c, but IN a short time il became weaker
with wheat and cora, and May sold oil 70
:,r and closed &c lower for the day at hat.
.Jtily closing fsr Gown at @ST"4c asked.
while hprii Was nominaliy isc better u
2,i.r. Receipts AT primary points were g.
~, b,I.. against 2io.'.s, hu. q year ago. 81.
Inriis receive, 800 bu., against hbtsA fI.
las wear. Shipments Were 32i, 400 ana the
visible decreased see hu.
Trade t;Ossip.
Aysilshia SUP riic--Iisi!l. supply ~ grain:
ar-il :, la'n. Mch.@i. l--i. Api. >. "a.
v+,z, ..a4l3 .o "A. 2ni.t"' So if..Has
,i.,n ....... -. rlg."-l .; ..Ss.u'l %~I.sli.Ul