The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-04-16
CORN THE LEADER IN
POINT OF STRENGTH.
"A FAIR UNDERGONE TO ALL
GRAIN MARKETS.
Corn Made Most Gains. Wheat Faii
ing to Hold All 1t Gained
Early in the Day.

The grain markets Monday in n specu-
lative way were dull and To some extent
inclined to be stupid. but they appeared
10 have gotten over the spell Of weakness
which was SO disastrous 10 the hopes ol
the bulls and wiped out the nard-''a:heo
gains of Friday and aSturday OF last week.
There was a fair all-round undercurrent
OF strength witnessed right from Tie out
set Monday, and the markets one ana all
were on the up grade throughout most OF
the day. All grains from wheat to oats
showed a disposition 10 do better. and as
they were generally favored in the way OF
news and conditions they all assumed Il
higher level before the close and wound
up with a good gain in prices. Outside OF
this strength the situation was lacking
in features OF striking interest and most
Of the time was rather tame and quiet.
the movement to prices being slow and
pit operations quiet. The best prices of the
day We're not maintained 10 the close.
which, however, was 1Ac to !l2dssc higher
for corn than that market closed SATURDAY.
1s1Ac TO &c better for wheat and from isc
10 &c up for oats.
Insect damage in the Southwest was the
dominating factor in the local wheat situa-
tion and was sufficient to overshadow the
statistical position of this grain, which
was undeniably beartsh. \ strong market
was experienced most OF the time. and, al
though the general sentiment leaned pref
w much to the bull side, traders were
somewhat timid and showed a lack of con-
iidence. with the result that. after getting
prices up. they were unable 10 MAINTAIN
Them, and the Improvement for the day was
small. Liverpool cables We're lower. that
market being reported off 14d, and the
worlds shipments over 1o,W".vS bn-, m
creasing the amount afioat s,isee@ w., 9m n
These bearish figures had no apparent Ell
feet, owing to the alarming advices received
OF damage by insects in the Southwest.
which SO stirred up traders that they
Immediately started to buying as soon as
the market opened. July was the taVorlte
option. and opened ,sc better at esl.c. and
in q very short time brought SSssc, While
May opened at 1Ol.c, or 1sut4c higher than
it closed Saturday, and sold up 10 ioac;
Another thing that gave strength TO the
crease in the visible supply. and this led 10
some buying. The visible figures when
posted were found to show. a decrease OF
crease last year. but as the buying support
TO q great extent had been Withdrawn, the
market weakened under bearish attacks,
and May declined to 19ssc and July to Ss,sS'
having recovered the early decline of IA,
but Paris and Buda-Pesth were both isc
lower. and Antwerp unchanged: More re-
day. and this had the effect of checking the
selling pressure, besides making shorts anX-
1ous. but it did not encourage buying much.
The cash situation was quiet. but advices
from the seaboard were to the effect that
n loads had been taken there for export. On
q rally that followed the early let-down,
May went back to 70zc ana July to a
but the market after this was unsettled and
nervous, though the frst-named option did
not 60 below 0lsdssc and closed at N'sc.
but July eased off to 6Sssc. and closed at
SS.lc.
While there was less than the usual inter-
est taken in corn Monday. the market ex-
hibited considerable strength after it
opened somewhat soft. The early bull in
huence came principally from wheat, and
May. after selling at 41ssc and July at 42c.
advanced and brought 42c and 42i4c. re-
kpectively. Selling on the part of the coun-
try was not increased any. and although
mary market were small. as were ship
Eeents also. while the export clearances for
the day amounted to only AZ, 900 bu. There
was but little change in the available sup
plies. the visible increasing but 5000 bu.
md the amount afloat 6o,000 bu.. against
COG bu. decrease in the latter a year ago.
reported no change. The market
held up very we'll during the balance of the
gession, some supper being given BIZ the
fact that Q loads had been worked for ex-
port At the seaboard, but the cash demand
here was quiet and generally unsatisfac-
tory. May was offered at 4l7sa42c, but
later IN the day sold at 42lsc. which was
ssked At the close, when July had a seller
1T 42ssc.
A strong n well-sustained. though !
ouiet. market was experienced for oats, and
Nay was salable at 26kc and July offered at
MIC. The visible supply fell off 12S 900 bu.,
against @.ooo bu. Increase a year ago.