The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-10-17
STRONGER MARKETS
AND HIGHER CLOSING.
CHANGE FOR THE BETTER IN
SPECULATIVE SITUATION.
a Stronger Undertone Was Devei,
oped Early, Which Was Fol
lowed by an AIl-Round Gain.
OMce Republic,
Tuesday. Oct. l6. 1900.

Office Republic,
Tuesday, Oct. Is. 1909.
There was a well-marked change of front
In he speculative grain situation at TINS
point to-day. the weakness ana depression
THAI have for so long a time been a iead-
inc feature of tho different markets.. and
more particularly wheat. being succeeded
by 6. much stronger unde-tone. and a much
improved feeling all round Prices moved
I'D ,retty considerably during the day. and
wer, noticeably we'll maintained TO the
close, which was strong. but rather inclined
to re quiet at the very encouraging ad-
vance I'm values. Traders were cautious, and
the 1ealines throughout tho day were not
VIVA. could be called heavy at any time
and the bulk OF the days pit operations
wers mainly on professional account, but
little outside interest being displayed. There
was a fair distribution of the strength
shown, but It was chiefly concentrated in
wheat. which exhibited the most life and.
naturally being the leading speculative
grain. gained most in price. though corn
was a close second in this respect. Whlle
oats. as usual. brought up the rear and
attracted but slight attention from oper-
ators.
The speculative wheat situation to-day
was il marked contrast TO yesterday. There
was A complete reversal OF form IN me
local market. for, whereas. the opening yes
terca- was at the top and the close at
the bottom. II was exactly the opposite
to-day. the market opening at the bottom
and C osing near the top prices for the Day
There were a number OF influences OF a
bul!lsE nature on hand this morning. but
the ones responsible for the good start
made were the cables, which were favora-
BILE to the long side, Liverpool. after open
ing sc lower. reacted lad almost immediate
ly. m. king the actual decline Tor the Jay
only SD. as compared with the loss of over
Ic yes -erday on this side. London reported
cargoes firmer. with less Offering on pas
sage. Another bullish influence was the
rather small receipts in the Northwest. the
arrivals to-day being TO- cars, against baz
last Tuesday and 1913 = year ago. besides
winch there were Indications for unset
tied weather In that section. Winter wheat
receipts held up wen. but there We're no
indications of an early increase, and. IN
fact. the arrivals to-day We're somewhat
smaller than those of last week. st. Louis
arrivals amounted to N.1co bu., against 49,
so bu. asst week and Gl..sD bn. one year ago.
fne shipments from Western markets were
well VI to the receipts. There was no great
pressure 10 sell this morning. and the buy
ing was also light, but the opening was
!-ioc better for pee, n I-'sc, and mat op-
higher at 11iac. Continental cables were
disappointing. they reporting general de-
ciires abroad. Paris and Berlin closing lac
lower tor the day. Buda-Pesth 2sc off AMI
Antwerp l4c. Liverpool reported Argentine
wheat 1Izd lower. but the close OF that mar
The ciearances from this side OF -four
and wheat were liberal at $500 bu:. OF
Which almost IS per cent was in flour.
Minneapolis reported that mills were re-
Stunning. and the demand for -four had very
much improved. These favorable items
caused shorts to feel uneasy. and they
buying for long account on the belief that
the market had touched bottom. and a good
Dec sold up 10 .S9sc, and for May .1&44c
sc was bid. A bearish report was expected
from Bradstreet's, ard that authority stat
ed that the increase in the worlds visible
was i.2z3.00 bu., which was less than the
increase of 6,556.c0 bu. a year ago. The
increase east of the Rockies was near
~ SUl,ve bu. more than the official vIsi-
BILE On this the market declined to 73i.9
&c for Dec. sellers. and May brought 57igc.
and 05sc. respectively. There was nothing
In the cash situation or the late news to
help tne market any, and 1t eased off slight
72Gc. kF%c higher for Dec. at .sssc
buyers and Ssqiec better at TRl5sc sellers
for the lLay option.
In sympathy with wheat, there was a bet
ter tone to corn this morning and some lit
There was no material increase In specu-
lative operations at this point, however,
and most of the time the market was quiet
tons We're unsettled. with heavy rains re-
ported In. Texas. which were Coming this
way: Chicago advised of q deal being
worked In Oct. corn. which would be car
ried into Now. and that a good export
demand existed there. The Western mar
against eE.oeo bu. one year ago. in which
were included 100. 100 blu. locally. against
a.2oo Blu. last year The shipments were
the seaboard 500. 600 bu. According to Brad
streets figures there was an increase In
the available last week of 2.o4l 900 bu.,
whpYa rha rpOrfl1r x-icihln tnnraa oa1 q 80 (na
bu;. indicating $1,000 bu. decrease at out
side points. The opening for Dec. was at
xa-t bid i'' a fava ar SissG iinf an ! .or WA aay IN che tSe
fact that Liverpool, after opening I'D lower,
reacted and recovered that loss. The rally
in wheat also had a good effect. but there
was but slight Improvement in values To-
cally. Dec. sold at 3i5sc. and May 35tsc,
but at tie close the former was only ~
May closed &c higher at 35ssc sellers. Oct.
was nominally 3sjtc. and year Ac better at
34l&c.
The arrivals Of oats at Western markets
to-day were reported at 5SS. 900 bu.. against
SIS s.sS b Su. against q Ssaf s sgS; s 81. t TSe Faesayims
were l72.0D bu.. and exports $4,000 bu. Brad
streets available was increased $50, 200 bu.,
where the regular visible increased ESQ 05
Blu. The future market was a little bit
frnler, but there was nothing doing of con-
at 295sc.
On the -urb-wheat weak. Dec. sold nc
lower at $40; puts. 80 to 72Nc: calls 73nQ
Trade Gossip.
In their letter Of October ! 70 J. H. Teasdals
& Co.. F. Lenders & Co Of London expressed
iss@is's sna K Ry aI1sadiy . sGmas' be Snsst w,n a::a' ssis
In and mas tsnton closes may produce a tempo
rafy eetbaak In prices They report speculative
sellers Of Ia Plata wheat. Feb. March shipment.
at about p under prompt values. Also that their
docks and EarehoSs.s are pretty full of wheat.
has prevented any Improvement in their oat mar
ket. though America offering spariEgly: A fair
coneurnptive demand both for near and distant
corn IS erorted. the distant options attracting
United Kingdom buyers not inclined TO take
Jan.-Feb. and onward freely. belieyins prices
will be lower with the new crop moving.
Canadian mills are reported as importing
from the United Sta tes. owing to the shortage
OF the wheat crop this year in Manitoba
Griffith, Williams & Co. OF Liverpool. in their
latest to Dickson Cunningham, state that the
wheat In motion, most Of which went to Mediter-
Tanean countries. Odessa was the most pressing
seller. but offerings apparently had fallen of.
rs there had been a severe decline in ocean
to Interfere with shipments. Rain was badly
needed in Russia for the ceNt crop Austria.
Hungary and Germany also needed rain. which
tIj allen in France. where an Improvement In
s.,I;ur. OF sales by India Of new crop Calcut-
tas they say: But these are purely bear sales,
Is reaped there will be some big gaps to fill after
the famine"
Tho Argentine interests Of Hungary are en-
deavoring TO have the import duty of zoe on