The St. Louis Republic., 1901-03-29
MAY CORN MADE NEW
HlGH-RECORD PRICE.
SOLD THURSDAY AS HIGH AS
FORTY-THREE CENTS.
Sustained All the Other Grains
and Provisions as Well-Bul-
lish Feeling Rampant.
EEPURLIC SPECIAL.

| iSi-i SIEClAI.
| Chicago H.. March 2S.-The strength of
corn was the sustaining influence to-day.
| Wheat. oats and provisions ruled heavy.
when corn was not advancing. May corn
| made another hgh-price record for the
season, reaching Acc. Wheat closed the
same as it did yesterday: provisions &c
| lower for pork. 2iac to sc for lard and 7isc
| for ribs.
Wheat.
Liverpool was I'd higher opening
acknowledgements of yesterdays &c ad-
vance here, but apart from that it required
the optimistic vision of a chronic bull TO
see anything favorable to higher prices
that had not already been worn out in argu-
ment. Minneapolis and Duluth receipts
were S6i cars against 377 week ago and
i.5 the same day year ago Chicago re-
ceiVed &C cars to-day and 430 last year.
Receipts at the three points were 430 cars.
being 80 less than last week. and 1O9 under
the number received the corresponding day
a year ago but, Notwithstanding such de-
fictcncy at the three cities, the aggregate at
the chief Western markets exceeded that of
one year ago by $4,000 bu. Therein lay the
weakest feature of the situation from bull
standpoint. inasmuch. with all the previous
losses from Hessian fly in sections of wheat
region and crop failure in the most i'm
more than the average was produced In
Kansas. Missouri, Oklahoma. Texas. Ne
braska and Iowa, to come within triiie
of supplying the entire deficiency of the less
fortunate States.
The Price Current reported favorably on
growing wheat, and other forthcoming re-
ports OF a more or less authoritative char
acter We're expected to indorse the views eX-
pressed by the Price Current.
May wheat, which closed yesterday at 76c
NJ H.tNa at .E..nr
cropped another tsc in the course of the
first hour but the market was active. and
short sellers. warned by yesterday's expert
ted unchanged; Antwerp was equal to tsd
above, and Liverpool closed at a net gain
OF sd. SeaboaId clearances OF wheat and
iiour ot2 GO bu. Reports of fly damage were
received from Tez.As. but they were local.
and the great impression was that present
promise of crop in the southwest gave rea-
sonable assurance of enough for both lily
aad human consumption. May wheat
closed at i5;s4I6c. the hi5hest point of the
day.
Corn. was still the chief focus of specu-
lation in the pit. Considerable business was
done. and the trade was altogether broauer
outside were chiefly on the buying side.
and good many were received, while
among the local traders 1t was observed
bu. and 10000 bu. lots would not think CT
taking the risk of being long or short
more than 10000 bu. wheat.
The impression has become quite general
among a host Of small operators that IN
corn it is a cinch to buy on every 1sc break.
The small receipts and claims of empty
grain warehouses and cribs in the country
keep alive the bullish feeling.
Local receipts 1873 cars. of which 81 were
contract. against 446 cars, 125 of which were
contract, received same day year ago. The
Atlantic port clearances were $4,000 blu.
The advance in price hindered shipping busi-
ness. bids from the East being at unwork-
able prices. The estimate of to-morrow's
local receipts was 200 cars. May corn
opened at 42iac and after touching 42asc on
selling by Bartlett-Frazier of about 100000
bu.. against purchases of about as much
in Nebraska. it gradually worked up dur
ing the forenoon to 42sc, the highest point |
up to that time for the season. After sell
closed for those months at to7sc and 43c SELL |
ers respectively. ShippingA here was re-
ported at 10000 bu.
Oats were in excellent shipping demand, |
but for future delivery business was slug |
gish and prices appeared to stand In need
of all the assistance given by the
strength In corn. Local shipments were l64
cars, as compared with DOB last year, and |
the estimate for tomorrow. was 2o5 cars.
Clearances from the seaboard were 64OOO bu; !
New York reported some shipping demand |
from Germany, with exporters turning more |
of their attention TO oats on account of the |
in price of corn Sales for ship |
ment made here were probably 100000 bu. or |
more. Nav oats opened at from 25c to 25Isc, |
which was the entire range for the sessions. /
They closed at 25isc, as against 25I25lsc the !
day previous.