The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-04-07
BEARS IN GRAIN
HAVE THE BEST OF 1T.
SPECULATIVE SITUATION IN
CONTROL OF THE BEARS.
This Was More True of Wheat
Than Corn, the Latter Max
ing Il Good Recovery.

The contest for supremacy In speculative
grains that has been going on for the pas
two weeks between the bulls and bears wa:
quite heated during the week. and the re-
suit was that a lively state of affairs was
experienced, much excitement shown and d
number Of changes taking place in prices
Trading was interrupted by two holidays
during the week, which had a bad effect
in several ways. One OF these was last Tues
day. when the city election was held. ans
the other was in observance of Good Fri
day. On both these days exciting anc
lively 'curbs'' were held. the first being
favorable TO the bears. and the second
to the bulls. Most of the week the drift
of the different markets and the feeling
was coward Il lower level and bearish. There
We're sharp breaks in values, and not until
last Thursday were the bulls enabled 10
bring aDOut any material cEarSe for the
better, after which the speculative situation
as u whole showed a weil-deiined DISPOSE
ton TO improve. ana did SO, especially In
the case of corn. though wheat went all
to pieces Saturday. All The markets showed
losses as compared with last weeks
Undergone by wheat. those OF corn and
oats being insignificant in comparison.
The weakness that has undarlain the
wheat situation of this country. and which
has cropped out even when that grain was
helped by cerI, came boldly to the front
CEIlIlS Certain udSS OF lne past week, anu
the close Saturday witnessed a most severe
loss in prices. There were 4 number of de-
clines during the week. from Which there
was never a full recovery. and the week
closed with Il break of over 1c per bushel
Throughout the week this grain was large
ly subordinate to corn, which was again
the speculative leader in point of strength
and buliishness. The market for wheat was
uneven and restless, and there were ire
GUeDt ups and downs to prices, some small
nd nfhar5 Drpa hy1f "Ara nf tho I2ff1r
than the former. Such strength as existed
was almost entirely contributed by corn.
and. as it was the break in that market on
Tuesdays curb that brought about a de-
cline, SO it Was that the bulge Thursday
was chiefly responsible for the small re-
covery noted that day.
In the main the chief characteristics Of
the situation was beariShness and weak-
ness. and only for the backing of corn the
actually were. The conditions and intlu-
ences were not altogether OF a favorable
nature. In the FIRST place there was the
cables and 4 poor cash business. while the
reports regarding the growing crop were of
the best. In a statistical way the bears had
much the best of the information. the daily
arrivals here and at other markets being
large. there was a small increase in the
visible supply, the worlds shipments were
large and the amount on ocean passage was
reported as increasing over 100000 bu.,
willie Bradstreet's figures on the worlds
visible was bearish. II showing an increase
of 55l. COO bu.. whereas a year ago they fell
Off over 10000 bu. There was 4 very good
export business transacted during the week,
and the aggregate clearances were 4.69S.W
49,. G35 blu. last week. and 3,SS6, 1853 blu. a year
ago.
There was an almost uninterrupted let
down In values up to Thursday, owing to
the fact that corn showed a downward ten
dency and declined considerably. But on
that day there was an Improvement and.
up by corn ard a stronger cash
prices reacted some. This i'm
was carried over Good Friday,
Saturday. after opening up with every
appearance of doing better, the market
suddenly went all to smash. prices losing
from la1lsc to lac for the day, while clos |
Ing. as stated above. at over &c decline for
the week. the latest quotation for May be-
ing 70lsg7sAc. while July had 6szsc bid.
Corn was again the most prominent fea-
and overshadowed everything else |
In the cereal line. from the very moment
the market opened up on last Monday to
f;1.s s miSkei tb]I TT Tns a dfg pom t ins
fact that there were two sides, and it
was not like the week before. all one way.
Both strength and weakness were to the |
and sharp setbacks and upturns
marked the course Of this grain. Early in
The week those working to get prices to a
level were quite successful, and on a |
tih.t oIdIS Ilii fIlllIDS I
On the run. there was a sharp break there !
md a big slice was taken of prices here.
This weakness was intensified later by un- |
influences. but later there was a
well-detlnad change for the Better. and the
steadily gained in strength TO the |
lose. which. while lower than last week. |
vas very much higher than II had been !
earlier.
The factors at work in this grain were
much more favorable to the bull side than
,een called heavily for margins and the
market at Chicago had broken heavily. was
to bring about a decline here and
elsewhere. Most of the week the receipts at
behind those OF a year ago. There
vas a decrease of $4,000 blu. in the visible
'upply. Bradstreet's figures also showed a
We're lower at times during the
week. and the worlds Shipments heavy.
While the amount afioat was increased l.
.ort clearances we're large for the week,
hey being reported at 3.s6o,54 q bu.. against
.SsssiS bu. last week and 1851 5s1 Blu. a
tronger. and from &c to lake higher for
he day, which was due to reports Of wet
Weather in the West and the fact that the
their courage. Strength was the
eatUre during the two last days OF the
'eek and was carried to the close. which
8 compared with last Saturday. May he
reported at +elsG14c and July at 42ksc
myers.
There is little to be said about oats. ex-
ept that the market had its smells Of
and weakness. the same az Other
and which were entirely due tn
hem: There was not much interest taken
l this market. which mos. Of the time va.
ufet, not To- say. slow. There were bofh
aims and losses shown when the marker
losed Saturday, May closing &c lower for
he week. at 26ac. and July &c higher. a.
bid.
Saline County Wheat Looks Good.
.EPUBLIc SPECIAL
Marshall. Mo-, April 6.-Never before IN
ne history of Saline has the wheat ld6ked
cite than now; An immense acreage was
rop. "
The crop In this county last year va,