The St. Louis Republic., 1901-04-28
A BULL WEEK IN
ALL GRAIN MARKETS.
STRENGTH WITNESSED IN
SPECULATIVE GRAINS.
Dealings Were Large, Excitement
Ran High and Large Gains
Recorded at the Close.

Everything Of a speculative nature was
on the upturn the past week, including
stocks of all kinds. locally and otherwise,
and grains. 1t was emphatically bull
week from start to finish. and in nearly
every case new high price records were
made. Great activity and well-defined
strength and bullishness were the leading
features chafacterizing the movement or
speculative grains, the strength so conspicu-
GUS the week before being more than ever
prominent. Considerable bullish enthusiasm
was developed, and there were days when
the excitement attending trading IN the
local pit on change ran nigh and the deal
sional weak spots shown. as was natural,
but the recessions. as rule. were never
OF serious nature, and generally followed
fresh impetus was given to the upward
movement Of prices, and the result has
been that an all-round big advance has
urday being nearly &c higher for wheat,
corn being nearly &c up and oats over ic.
which IN nearly every case was at or near
the top for the week.
Interest in wheat locally the past week
was In a fever heat and that grain was
arena 81 eorn
which was not in it for a little while.
There appeared to be but one side to the
situation. and that of course. was the long
or bull side. the course Of events. the con-
dit.ons and developments being well calcu-
lated to increase the bullishness and
strength conspicuous the wee. week before. AS AS
record in the local pit on change and closed
in blaze of glory at an advance for the
day OF from 1ac' to 1asc. and from 31sQ3Ac
has not been equaled for a very long time.
The market all through the week was broad
ana aeve' @ Prices pesPonans & i.seiy ~ 90 dam Du
age to the crop both at home and abroad.
stronger foreign markets. with good buy
ing for Europe, together with short cover
ing. Continental markets throughout the
week were strong and higher. owing to re-
fcialiy confirmed. The effect Of this was
to give strength to English cables. and dur
buyers iaS IS on his side. condition reiected sy
the export clearances. which were over 4.2s2. !,
Pretty near everything In the way OF news
and conditions favored higher prices, and
the trade from the very opening was con-
fronted by such an array that the market
could do nothing else but go up. There
was the usual flood of damage stories from
frmed by the weekly Government report.
In statistical way the bulls had much the
best Of II. The worlds shipments were less
than 5000, 900 bu, there was a decrease OF
over 100000 bu. in the amount afioat, the
daily arrivals at primary markets were
small and the visible supply fell of ZOOS
Bradstreet's report also showed decrease
In the worlds visible Of 3,6ac.O0O bu., the
available east of the Rockies decreasing l.
gether with the foreign buying and short
covering. that was mainly responsible for
the great strength shown during the clos
day. Everybody wanted to buy. and there
was such q rush to do so that prices went
up with hop. skip and jump. May going
sasj.s. 81 ct ''se' when July was quoted at 7's
While showing an undeniably strong un-
dertone, the situation in corn the past week
locally was quiet. Much Of the time the
market was Influenced by the actions OF the
Phillips crowd at Chicago. and each bulge
inx a ones here. Wheat was Of y consderab1e Sspsh.
benefit. but its superior attractions in a
speculative way were drawback, and, COM
pared with the more lively wheat market.
Of the week, and aside from the strength
displayed was lacking to considerable de-
gree in features Of interest to the trade.
Conditions and factors in very many re-
spects were favorable. as. for instance, the
receipts and reports of country acceptances,
both of which have been, light ali OF the
week. There was also decrease in the
available supplies. the visible falling on
| 691. 900 bu.. and the amount on ocean passage
1.s5s.ooo bu.. while. according to Bradstreefs
be of over go. 900 bu.: where the regular WIS.,
! ible decreased 691. 900 bu. Cables most Of the
| time were quite favorable. but foreign
buying was light. and the weeks clearances
| less tan those Of week ago and also last
year There were no violent changes IN
values, the situation, az q rule, showing
great steadiness, and at the close the May
| option was 1c higher. at 44Ac, and July,
which was the favorite, was Tic better, at
l4izc bid.
There was quite a good trade in oats
! throughout the week, and prices were
/ strong and higher, n sympathy with the
! ish Government report on the crop. . fall
| ing OF in available supplies and strOna
\ cash situation also proved . great help to
! He higher, ct 3kc for May and ic better