The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-03-31
CORN IN THE LEAD
AND ADVANCED LARGELY.
CORN THE WHOLE THING IN
SPECULATIVE SITUATION.
Wheat Was Slow to Respond and
the Gains Were Small, but
Oats Did Better.

There was more that was Of interest to
the trade in grain during the past week
than has been witnessed for some consid-
cradle time. a number OF features being
developed which were Of a nature to draw
attention Of the speculative public. An all
round undertone Of strength also charac-
terized the situation. which was led by corn.
!! which was the most conspicuous of all
grains for strength and activity. This
grain was a feature of the week, there be-
Ing an upturn In value. which was added
to almost daily. and resulted in a big gain
in price for the week. other grains re-
spending, but In a quieter and less en-
phatic manner. In a trading way, the gen.
eral situation was much improved. more in
terest being shown than for some time past.
with the. result that pit operations were
large and there were more life and excite
ment than have been seen on Change for a
long time.
Although wheat throughout the week has
had the help Of a very strong corn market.
ideas, and in consequence there were rather
tame and dull lays scattered through the
week. 1t was to be noticed that this grain
was somewhat slow and backward in re-
spending to corn. as the feeling and senti-
ment, as a rule. were more favorable to
the selling than to the buying side. and
there were but few bullish conditions out
side Of corn, which really did more to i'm
prove the position of wheat than everything
else combined. There were some good cables
during the week, but the general cash busi-
ging, to say the least. On the other hand.
there was a decrease In the visible OF over
4OO.0 900 bu.. a falling of. in local stocks and
the week amounting to 4.495. 900 bu.. against
!, 257. 900 bu. last week and 2,962,ooo bu. the
same week a year ago.. In a statisticai way
the bulls were not much favored. In the nrst
place, the daily receipts here and at other
primary markets were large, though to a
very great extent Offset by the
which were generally large. The worries
shipments were about as expected, Dut the
amount afoat was increased nearly 1.0U.VN
Bradstreet's report did not help, the mar;
ket any. although 1t reported only a small
Increase in the worlds visible. the amount
ably below the expectations OF the trade:
1864 OO bu. a year ago. The available east
Of the Rockies, on the other hand, showed
a decrease Of 1.177.0O blu. The selling side
was most favored early IN the week, o Dnt;
in corn. especially late. those favorable 70
higher prices backed the long side. and.
IMPRESSION made was not to be compared
with that made in corn. there was a pref
ty fair recovery from the low-price RECORD,
and while May was Lice. lower FOR me
week at 74hc buyers, July scored a gain
Of &c, and closed with sellers at 1sAc.
The CHIEF feature OF tne specui S 49,
corn. All eyes have been fixed upon TINS
grain. which has been the strongest OF
them all. and has not only a.tFac he, h az led ~
everything in point Of strength ana Dui,is s
ness. while closing largely higher N price
as compared with last week $ f1mal n sghafIv
to the corner being run by George n; fhn,
lips of Chicago. and the mani2uiatiol OF
he and his followers s 81. fs eds N d, peerast
markets Of the country and Influencing tne
markets abroad. Other Influences to a great
extent were lost tight Of; G tS6I,aS as ,bs was ma 70
kets abroad were slow to respond 70 our az
yances. The receipts were not heavy, the
daily movement from the country ana me
visible supply Of the country was increase1
5l4. 1000 bu.. but the amount afoat fell on
", 600 bu. Bradstreet's, on the other hand.
supply.
and the total clearings for the week zee as re-
2,6o5.0O bu; last week and s.1ss.@o
OF consequence to the market during the |
being small, while the gains as a rule were
large. each day seeing some important
changes. and at the close Saturday. while
not quite at the top for the week. there was
an advance of PIC for both May and July. |
the former closing at 42%c bid and the lat
ter at 43hc bid.
The future market for cats was strong all
through the past week in sympathy with
corn, but as a rule 1t was quiet, the specu-
lative interest being chiefly S@entered in
ported in the visible. and also in Brad
report, and the daily arrivals were
quite large; There was a very good i'm
was up &c to 2sbc and July was also
that much higher at 25hc.