The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-04-25
BULLS IN CHARGE
MARKETS ADVANCE AGAIN.
ALL-ROUND CHANGE OF
FRONT LOCALLY.
Prices Acknowledging Became
Bullish and Prices Closed
Near the Top.

Activity and strength were again the Lead
ing features characteriZing the market
movement of the different speculative grains
Wednesday, on the Merchants Exchange.
The markets all opened strong. but for
some little time exhibited hesitancy, and
prices underwent some slight ups and
downs, but none of Importance. 1t Was not
long, hcwever. before they once again got
into the bull swing. and We're never after
wards headed on. During the DAY and ss-
pecially when things were at their bright
est. considerable bullish enthusiasm was
manifested. which was due to the character
of the news received. and was of a charac-
Ter 10 bring about d renewal of the buliish
feeling existing during the earlier part of
the day before and On Monday. This gave
tone 10 the general situation, and helped
the upward movement OF values. The show
ing in the way of advances was not very
marked until late In the session, when the
most gains were made and. although the
fun advances were not held. the different
markets closed higher, wheat from $s019c
10 &c up. corn an all round CSC and oats
from Aq2sc TO Csc.
Wheat at this point Wednesday appeared
to IND little or no trouble in overcoming
The weakness and setback in prices under
gone the day before, and throughout most
uf The day exhibited renewed strength and
bullishness, finally closing with a good gain
to its credit. The Influences were not near
SO bearish at the opening as were expected
by shorts, and in fact they rather favored
the bulls. For instance, Liverpool. which
failed to respond as expected to the sharp
break on this side Tuesday, opened only I'D
lower. and then quickly recovered that and
went up sd on the strong and higher Ger
man markets. The first real stimulus, how
ever, toward a change in the better in this
M. ket, came from the weekly report Of
the Government confirming insect damage
in the Southwest, though the report on win
ter wheat was very encouraging. This with
the great strength shown right at the out
set by corn,Save a favorable send-off for the
bulls. anu buying was inaugurated right at
the send-off. July opening lac up at 6sAc.
selling. OH to t9ssc, and reactins and going
up without interruption, on fresh bug news
1rom the West. to as high as; zoe. IN the
meantime, May had opened 72ssc, was then
offered at 12isc. but reacted to 72iac.
Advices We're received that foreigners were
buying in C~hicaso-some for France. There
was also cables stating that Paris was up
L1Ac and Berlin 1c. and Broomhall also
reported that foreigners were buying car
goes on passage or loading. Liverpool was
but Esd off for the day and Antwerp &c,
but the days clearanceS We're small from
American ports at 1860 bu. There was a
strong bull sentiment. however, and con-
siderable buying by traders, who heretofore
have been bearish, which, with the usual
short covering. sent July up to 7012c, and
May to FAC bid. While Bradstreet's 1e-
showed q decrease in the worlds visible of
S,6S2,0O bu., against 96S 900 blu. decrease a
year ago. Tn available east of the Rock
les being decreased L721,0N bu., more than
last weeks regular visible. Then there
were reports of 100000 bu. No. i Northern
taken at Chicago for export, and so loads
at seaboard. July sold up to 10s4c, and for
May 72&d725sc was bid, but on realizing
sales the market eased up some and July
went off to 7easc, which was bid at close.
when May was Offered at 729s@72S.c.
The local corn market started off exceed
ingfy strong and considerably higher, the
stimulating causes being the bull market at
report on planting. small receipts and more
unsettled weather. For a time here was
but one side to the market. especially as the
ported at Liverpool of 20 on a scarcity Of
spot and shorts covering. The opening here
for May was ka5xc higher than it closed
tss.e to 4sle and had is5sc bid. The ship.
ments from Western markets were large,
hut the export ~clearances were only 114.0O
blu. Bradstreet's reported that 294.0O blu.
was the decrease in the available, where the
regular visible decreased 691 900 .bu. last
week. From the opening bulge May went
TIC. This let-down was subsequently fol-
lowed by a rally as all other markets were
strong. and adviees OF 60 Loads being taken
up to i5lsc again. but the final close was at
4f;sQ45c bid, and July, after selling at 44c,
was offered at. 43Ac.
Considerable strength was shown by oats.
The billish Government report on the crop.
other grains were higher having more infiu-
ence than the heavy receipts. Again Brad
streets available fell off $4,000 bu.. against
1914 600 bu. decrease a year ago. May sold
early at 27tc and later 2$c was bid. July
sold at 25lsc land 25Rdssc was bid at close.
Trade Gossip.
in their letter of April. II. Messrs. Griffith.
Miriam e. Co. of Liverpool write Dickson.
buy freely. both in the g. K. and Continent. and
there was no pressure Of cash wheat. English
W Whe saen 'n scsrot.y nas caTssoes We're quite Arm, and
fne Continent continued to buy arrived white
t,r. The newspapers speak Of the outturn of
the Baitre, Rios crop as poor; ~, in 6 6na HsiIasris
sneak Very weli Of crop outlook. Shipments mod
crate and stocks yery small sIa;,a ana ,s SUPPLIES birS for ~
X. buyers. Many complaints from Germany.
Weather cold and spring ;pp1nrs w seeding ss very n SsssTa np.
Arstria-Hungary complains Of backward growth
S Mes a as,ay sp RI spi seesiins delayed. but win,er-soWn
plant looks well. and crop outlook favofapie; NO
s sa,d latter te country will not reduce wheat duty.
hut four may be admitted on more favorable
, ssTs o shse a nisRert 6. k N l tasia Shippers p''se'
III is stated that parcels OF La Plata ana
n msa1 at T Tie Price a-s + Sc: : hard winter : 5n,z
able las, week. the weather-crop service slss of r the
t tspa much precipitation and temperature too
I S;s.ea iLs ;ssssr m Ssse.. siSS I@ EFaw y aR ~ess' asSsss
and fruit. winter wheat Possessed well, eS.
cent where being damaged ny insects IN 49,
ana the Territories. Spring wheat seeding lh,er-
fered with and termination retarded where in
the ground. Oats attacked by insects in the e
s seS'n Seen a. 0s a r.sndstiff.. Warm weather need
q; ,h Sas i, sssRw. 2laan', ma 4 sss the aseu. a1' :.
stand is moor, where up. Considerable replant-
ing necessary. Some insect damage IN the Ter
risories. Cotton planting interrupted and poor
stands where up. with slight frost damage.
MH Topeka dispatch rays. the Government
~reeEIv report Indicates a wheat croc OF fully
l".~r.vn ra., Milling and Elevator Com
pany write they yet see no damage from ny;
a. too early and wet cold weather retarceo
sTowth OF wheat. Learn of consideraoie ean,-
Sc IN Mcpherson County and their own feios
outlook do not look for average crop.
THE Department OF Agriculture ls negotiat-
ing for an exchange OF cable crop reports VII
European and other embarrassing countries. me
nfst bulletin respecting crop conditions IN Hun
eary viii be issued May 10. The reports are
to Be erchensed monthly: and vii be given
Pecssd 20 have q .tssdytns effect on n the seci msr;
upcr the planting and marketing OF .nedr crops ~.
wheat. corn. oats. barley and rye
The May Government report will give conoi:
WHITES wheat and re. meadows ana