The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-03-16
ACTIVITY AND STRENGTH
SPECULATIVE FEATURES.
ENTHUSIASM IN THE LEAD
ING MARKETS.
Liverpool Reports Gave Proof OF
the Great Foreign Re
quiremcnts.
REPUBLIC SPECIAL.

REPUBLIC SPECIAL.
Chicago. ILL.,. March 15.-Spacu!ative mar
kets were active for the morning. and goo
feeling was noted In all quarters on chang
With the activity was strength in the lead
ins markets. and this. added to the enthu'
siasm of all who have been making Il tighl
for an advance in grain prices.
For the morning. the advance in wheat
was &c. from 75asaryiac, at the close. t
6h1764c.
Corn made a &c gain. but was checked
at ili2c by free offerings.
Oats held i little advance at 2'lsc for
-,iay. There was renewed buying of provi-
alGis. and the break OF last hour yesterday
Was moIe than recovered.
May pork opened 15c hisisr and went up
TO $l5-60 two hours later.
Lard and ribs passed previous hiGh point
for the week, selling at S7.I1ls and Si.02l2, In
order named, for May
Wheat.
Liverpool wheat ,aal kct was unexpected
ly strong, being from sd TO I'D up bei"fe
business commenced here. FirInness at Liv-
erpooi in face OF 4 rdther neavy c!oans
here the day before was an additional
proof, If that were necessary, OF the sfCat
requirements of foreign wheat in thas mar
kct, III that their necessities may have peen
more forcibly impressed upon Liverpool
lIlpOTteT1 by the possibility OIL Il oC IL DI.
duty in the not distant future on importa-
tons of wheat into the United Kingdom 10
help pay the debt incurred by the lioer
| War.
There was a continuation from there this
morning of the demand for Chicago wheat,
and runlors of a considerable business nav
ing been done were current on me .!DoF not
long after the commencement Of me SEES
sion, and before L O'Clock 25J,eG bu. were
definitely reported sJiI.
That was all wheat in store here ana cor
sisted OF hard WINTER. NO, | .ND-lHtIl anu
No. , spring. There was enough Ill tnat 10
account for n considerable amount OF the
noon.
Independent of the strength OF the Liver
pool market there were some other rather
strong features arising from the figures
connected with the days movement of the
grain.
Minneapolis and Duluth receipts were 3t5
cars. or IS cars less than received a week
ago. and l6 less than on the same day OF
the year before. The aggregate of the days
receipts at the chef Western markets was
52S,0J bu.. against $4,000 bu. last year.
Shipments of wheat and flour from the
Atlantic seaboard were. equal 10 about
$1,000 bu. Argentine shipmen 8 Of heat
3:S.0Gj bu.. compared with 2,53 $50 hi. The
same week last year. Liver 90 MAJ a
further slight gain IN price # futures and
closed with a nat advance OF I'D Tor May
and Esd for July wheat.
Advices from Kansas Were to the effect
State had fallen 10 about zero. not from
any scarcity of wheat. however. but be-
cause farmers are busy in the fields; There
is no expectation OF receipts f.om Kan as
being otherwise than very small fr5m now
up to the middle of April.
New York reported % bOatloads Of wheat
sold for export during the forenoon, bat
that was probably a mere duplication Of the
Chicago sales for export.
Corn.
Conditions for corn traders were little
changed from previous days. There was no
change In the position OF the local bull and
bear leaders. except that both were credited
with having reduced their lines considerably
without receiving much attention from the
pit trade.
Liverpool vas sc to &c higher for futures.
Local receipts We're 2s2. but graded only 81
cars No. .. where there were IS cars yester-
day. For Saturday the estimate is larger, at
$50 cars.
Shipments for the day were 1s3, 00 bu.
Argentine furnished but 10000 bu. for the
week. and one-third as much as last year
since j n. l. Western movement was lighter
at 441,90 bu.. against Gsi.&O bu. same day In
1850. Receivers called country offerings very
23s. go bu.
There was no attempt by Phillips and
other bull leaders to force the price higher.
Nay price started &c up at 4ls.c and
tween 4i4a4l$sc and 4l1sc most of the ses-
sion.
May corn sold at 4lssc on late bulge, and
go blu. New York reported export Gales at
"a boatloads. Local cash sales were re-
ported at 10000 bu.. with talk OF much
business not reported.
There was but little range to the price Of
his cereal. May opened 25lsc. rested
while at a5c and later flrmed to 25sGHc.
Market appeared to be waiting for a move
n corn. Receipts We're IFS cars, and for to-
$50 estimated. Chicago shipments
we're large Mt 373. eco bu. Exports were but
4 ca hi The pNOd ash demand continued !
Phillips led the buying Of May oats,
Buckley the sellers.