The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-07-20
BULLS CONTINUE IN 81.
CONTROL OF ALL GRAINS.
SUCCEEDED IN ADVANCING
PRICES LARGELY.
Coarse Grains Were Strongest and
Made the Biggest Gains, but
Wheat Was Well Up.

grain markets yesterday, and had no tToupie
in closing everything on the list largely
higher. the high-priced cereal showing a
gain for the day OF Nc to ssc. while corn
and oats were up 1k@ssc to 2ssc and &c
to 1ksc. respectively. Everything and every
body was bullish. and there was but one
side to the situation from the time the diff
ferent markets opened up for business IN
the morning until they closed after meridi-
an. There were fewer recessions during the
day than usual. and they were almost all
10 be ascrfbed to selling on profit-taking by
longs. who could not resist the temptations
offered them by the high prices ruling most
of the day. The trading in the pit was on
. very large scale. commission men and
brokers having large buying orders from the
country, and also from local spectators.
showing that the bull feeling is spreading.
Another good record on the bull side was
made by the wheat markets of this country
yesterday. Tho bulls put up strong game.
and. although they did not succeed in get
ting into first place. the corn market hold
ing that position. they were a good second,
the market here closing sharply higher and
right up around the top figures of the day.
The first incentive to a bull market. or
IdtIhcI u uiSuef ieNel OIL Values. is The Sil-
uatton has been bullish all the week. came
from the other side. traders being greatly
encouraged right at the outset by cable
from Liverpool, reporting an advance there
of Nd. and this backed up by strong and
higher markets elsewhere, and an advance
In corn started buying at Zach rate that
the first dash out of the box Sept. sold &c
higher at &c. There was a sudden withdraw
al Of buying orders when receipts Of 13.OoO
bu. here and $4,000 blu. at Chicago were
nO9tod and a 1AfdOWn 6l3sG1nc sellers fol-
lowed Nothing was done in Dec, but eSisc
was bid: Another advance in corn had a
the influence of large receipts and unfavor-
able late cables. which stated that Liver
pools close was only Sd up for the day,
Anf@e9p Va. on s &c ser1ip Il sc G ans BuSa.
Pesth &c. The export clearances for the
day were light in flour and wheat at 3S2.0lG
bu. Shortly before noon Sept once again
s ss1a at &C. July brought si'so and Dec.
Late in the day advices were received of
large export buyins in the East. and it was
stated that 30 loads had been taken. Clear
ances for the week were said to be over
$4,000 bu.. and these, with the closing
bulge In corn: sent Sept to es1Sc and closed
with that bid for more, while July was nom.
anally worth &c.
Corn started OF very bullishlv Yesterday
morning and held up remarkably well
Throughout the entire day. The rainmaKcrs
were not IN evidence. nor was the condi-
ton % unsettlsd. the result of which was
that there was rush to buy right a. The
opening. and the initial sale in Sept. as
at &c advance: at &c, which was quickly
report from Snow. good advance at Iiy.
erpool and the fact that all domestic mar.
kets were higher and bullish had a good
s sae pvt the advance s1 vas not maintained
Dec. sold at SIC. Late advices we're of .
character to Increase the bull Feeling. aht
caused buying to such an extent that Sent
before the hour Of noon: sold as high a.
ksNc. and Dec. at 63ssc. Crop-killing condi.
uons were again reported in the drought.
stracksn districts; Some extremely bad
states heretofore have escaped the
0fougnts severity. and the situation wa.
stated 70 be very bad. and good rains were
absolufely necessary to save the crop. Then
again. late cables reported advances of ~
in liverpool and EQl!kd in London, the lat
ter ser Dec. but the clearances were ligh
reached late. when size was paid. bu
there was slight easing of from this higl
point. and the market closed at 53%65S%c
The close Tor Dec. was at 541sc buyers, an.
g July closed nominally at sc
Tho unfavorable weather, Shows bad re-
bort ON the crop and the fact that all othe
+. gram markets were on the boom was al
that was needed to open the local oat mar
kee. rood ana strong. Sept. selling Nc higher
e A.1c. but the trading was light. as spec
uiatfve interest was centered in othe,
grains. On this account Sept. eased Off t
3496c sellers, and May was offered at sSc o,
weaker markets at other points The ad
vance reported in corn gave the marke
more strength. and Sept. sold at 345sc an
]; May At 3Shc- The July option was badl
Ss3kc and later Selsc was bid. The deman
kept, up well during the balance of tn
session. and the closing sale in Sept. wa
At &c. though S5Q1sc at one time was bic
May sold late at 3s%c and July closed q
3elfc bid.