The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-04-07
CORN MARKET EXCITED
AND FACILITATING.
GAINED 1 5-Sc EARLY, BUT
LOST PART OF ADVANCE.
Everybody Seemed to Be Buying
Wheat Declined One and One
Fourth Cents.

REPUBLIC SPECIAL.
chicago. ILL.,, April 6.-The wheat market
had a sharp break Saturday and declined
nc from the close On Thursday. Corn was
still excited ard everybody seemed to be
buying. 1t was 1%c higher early, but lost
part Of the advance. Oats were strong.
Hog products lower and inclined to dull
ness.
Wheat.
There was some whistling by certain
wheat bulls during the morning. as if to
Keep their courage UP. This sort of en-
coCragemen did rot hold the market in the
lace OF renewed liquidation. and bearish
news IRON nearly every quarter. There were
no cables because Of holidays.
Ml.neap9iS mad 'os cars and the two
points mad iS cars. Western markets for
the two days had s2l.oW blu. Export clear
ances here We're not complete. New York
gave total output for two days OIL. 900 bu.
a.one reportsd $1,000 bbls. flour exports. Ar
gent!ne SHIPMENTS were fairly liberal at l.
ls4.WV bu., compared with 2,3S6,0O bu. last
Se sd noo worlds shipments are estimated at
s,2oo,No bu. Snow was out with very bear
Ism crop talk about the best condition in
twenty years and little danger from insects.
Holders appear to have lost faith in the
market Shorts covered at times. but there
was no other good support. The first sales
Tor May were 72Ac TO re. There was an
early dip to NC. a little rally. then a later
break to 1Olsc. July broke to 117sc and
closed at low point.
There was a great opening for the corn
t Eaesv, SAT- DAY. following the holiday.
close Thursday favored the bulls. The rains
continued over the Southwest. Even lighter
movement to Western markets is predicted.
and a jump in prices. Western buyers had
fled the commission trade with buying or
oers. Local shorts had been converted
with the big bear. Patten, to the bull side.
1t wa a scramble to replace corn sold out
on the break. to, cover short lines and fill
fresh buying orders.
George H. Phillips. backed by the country
generally. was still the guiding spirit of
the market, although for the first few min
utes the trade was SO active as to be be-
yond the control Of any one man.
for soc corn before the season is over.
Enough realizing took place on the advance
to cause a partial reaction from the high
for May, then the price touched 4l7sc, a
new point on the crop. July was sold at
liAc, at the tor.
market by letting go some corn at fancy |
Later. certain bears were buying |
May and selling July. This put the July |
to nearly half a cent discount at one time. |
There was a reaction In prices at the close |
to 44kc May and 43!ac for July. There was |
still about 1c net gain for May. from Thurs
Jay y CiOSe. !
Export clearances were a5S. 900 bu.. inclu-
ding two days at most ports. Clearing |
predicted-this and the break IN
,orn helped modify the bull feeling in
corn.
There was an echo of the previous fancy |
deal in oats Saturday morning.. There was |
an excited start. Phillips helped the buying |
furry by bidding for good lots Of oats May
a range from &c to 26Ac in the
trades. July sold at 25sc and 2Gisc ct
the same time. Brokers claimed that Cud-
ahy sold the last Of his big line; but the
erins led by Patten quickly took all Offer
ings. On a much quieter market the ad-
vance was mostly lest later. There were
week Chicago received ~1.S56,0S0 bu. ana
l, $4,000 blu.
Timothy.
A very fair quantity appeared for sale.
There was an Increased volume OF business
there developed finally some improve
nent. The sales made were over a wide
Good sold mainly at $.SGa3.0. The
was quotably about S.Sou3.9 for
:om nm snio rough y Sss. ss7oas,5s; Contract ,r
There we're no regular bids.
FIaxsccd.
There was an easy feeling in fax. Only
small business was done. Cash prices
ent. The new crop flax was very quiet and
Unchanged. There was nothing Of material
interest in any part of the market; Six
ars taken out. Minneapolis got 16 cars,
duluth 4 cars. Cash fax sold at sI.5S1a. No.
northwestern sold at S1.541l2. Rejected was
ominally M5l. May sold at sl.5S1a. finally
ffersd ut that. and S1.52 bid. Sept. was s1.l4
i'd, and $1.1G asked.
Glover Seed.
Clover nominal. inactive in absence of Of
.rinss. with no change in prices. The range
as $6Il0..5 Tor poor to choice. Fair to
,od quail ty sold at s9Q1 10. 25. Contract grade
bout 81.
barley.
Barley was steady. Inquiry moderate. rot
|. all large. Offerings continue very small,
much of any grade. There were
cars received. Screenings, only fair, sold
at Csc. o grade to common
lalting barley was quotably 4oII6c: fair
4Sa51c and good salable at 5lab6c.
ancy possibly a shade over 5Sc.
Range of Fufurcs !