The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-04-18
GRAIN MARKETS ALL
CLOSED AT AN ADVANCE.
DIFFERENT CEREALS ENHIB
TIED STRENGTH.
Conditions Were Generally Favor
able for Better Prices-Eittle
Bearishness Was Shown.

Inc gram pullS MADE announcer ehoIt u
elevate values Wednesday and were more
successful than they were the day before.
and eminently SO in the case of corn. Both
wheat and corn. however. displayed a strong
undertone from the start, and during the
earlier hours of the session both made some
good gains. Like on that day the full
strength of the situation WAS not held TO
the close, though the different markets did
very much better than on Tuesday. less
weakness being developed. and at the close
wheat was found TO be ssc 10 3sGi.c better.
There We're spells Of both activity and dull
ness during the day in pit operations. but
In the aggregate d very satisfactory day )
business was transacted.
Influences operating upon wheat futures
Wednesday were very much ike those OF
the day before and which resulted in giving
the shorts a bad scare and sending many
OF them TO cover. That they were sun very
nervous and perturbed over the conditions
confronting them Was plainly to 10 he per
ceived, as while they were not hustlihS 10
get out. they were not i'll the least ANXIOUS
TO sell any more. Nearly everything was OF
a bullish cast during the forenoon, but the
most influential was the confirmation by the
Governments weekly crop report OF the
damage I'm the Southwest by insects. There
WAS also a report from Kansas TO the elect
that the Hessian fly was Matching out IN
that State. Other bu!lish influences were
the continued light receipts here and else
where. the strong. upward tendency. shown
by corn, all of which operated against the
4 GttflIt lSbpI - ui l''A-
was not much trading at the outset for the
reason that both the demand and selling
was light. but the market opened strong.
with July &c higher ut 6Sssd6ss4c. and from
which there was an advance to 6S'sc. For
the Nav option .Gsa "a .ofsc was hld. For
some little time after this the market was
plucking up courage enough TO sell, and
May went OF 10 70Esc and July 10 oS~sc.
There was nothing encouraging in CONT
mental cables.
Berlin was reported sc and Paris &c
lower. while Antwerp and Buda-Pesth We're
unchanged. The export clearances of Hour
sst.ooo bu. Liverpool. however. recovered its
early decline of Sd and closed unchanged
for the day. Shortly before noon the news
was received that the bugs were getting IN
their work In great shape In both Inc
Southwest and Kansas. which gave the
shorts, such a fright that they commenced
buying. and the demand became SO urgent
that May went up quickly to .1c. which was
a premium over Chicago. while July sold at
6aa69lsc. On the advance noted above MAJ
went up to and sold at Iisc. and July 10
eased of a little. An expert demand was
reported in the East and sales of 40 loads
and there was also a prospect OF
q freeze in Oklahoma and Texas. Still the
market weakened and May declined to and
closed at 70sc. and July closed at 6S'sc
buyers, while the first closed with sellers.
The market at this point for corn started
like a sure winner and like it intended
to make a great record for itself before the
day was over. The same, influence that i'm
parted strength to wheat was the dominant
factor in corn: that is. it was the Govern
ment report. which showed a backward con- !
dition for the new crop. which was sup
by more rains. The arrivals at
markets were again reported light
and country acceptances were said to be
The strength shown the day before |
by the market on this side was responded
to abroad and the initial Liverpool cables
were sd higher. Clearances. on the other |
hand. were small at 32s. 900 bu. The opening
here for the May option was at &c advance
1t l3kc and at &c for July, the former short
" being bid csc. while the best for the lat
ter was 43Gisc bid. A weak spot came to
The surface I'm all domestic markets and
May here declined to $3.50 and July was
offered at 42kQHc. There was not much |
change after this. the strength shown by |
wheat failing to brace corn materially and
a manifest lack OF support being shown
on the part of the bulls. As a result of \
this May sold OF to 3lsGAc and closed
finally at l3hc buyers. July. in the mean
time, had a seller at 42S@&c, but was bid
I24c at close. The export business at the
was reported at forty loads.
The Government report for oats indicated
backward condition and this gave
to the market. Fears that the
ouse would damage the plant in the West
md the strength shown by wheat both had
rood influence. and July sold at 2Sasc. though
hat was asked at the close. Nothing was
1ona IN Nav UhLch Was hid 26s.627c. l