The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-03-31
NONE BUT BULLS TO BE
FOUND IN CORN PIT.
BIG TRADE IN THE LEADING
CEREAL SATURDAY.
Advanced Five-Eighths of a Cent,
Holding Wheat Steady-Pro-
visions Quiet.

REPUBLIC SPECIAL
Chicago, ILL.,, March 3O.-There was a big
| broad trade with corn again to-day. The
advance to-day was &c n bu. Wheat was
steady. but not much doing. Oats were ac-
tive and strong. with a brisk trade. Pro-
visions were quiet.
Wheat.
Wheat started with a slight inclination
toward lower prices. but. as for some days
hack, the strong tone Of corn kept sellers
In check, and rather tended In the covering
of wheat already sold. The pit was more
than half deserted and the attenuated rem
nant Of the wheat crowd bought or sold
a little at &c advance or &c decline. There
appeared nothing capable of moving wheat
outside the action of the neighboring corn
market.
Domestic receipts were liberal. the pri-
mary market receipts being $500 bu. in
excess of what came to hand the CORE
spending period of the year before. but as
an Offset the exports were heavy. clear
ances from Atlantic ports being 645. 1850 blu.
wheat and flour. Chicago received s. cars
wheat. Minneapolis and Duluth 1863. making
AGO at the three places. compared with isi
cars q year ago Australia shipped this
week 1,06i 600 bu. wheat to the United King
Gom and European ports. compared with
1888. 900 bu. the previous week and 5000 bu.
the corresponding week a year ago. That
was the chief reason for the shade of weak
ness with which trading commenced.
Liverpool futures were from 7sc to .Ac
equal Nc a blu. higher for May and June.
and Antwerp quoted an advance equal to
NC a bu. Beerbohm cablsd that stocks Of
1850, 600 bu. on March 1. and 1885,, 900 bu. at
the same time last year.
May opened at 76a76lac bid. with some
sales at 761sc. and one or two as low as
7!6c. It rose in sympathy with corn to 767sc,
but the latest sales were 1913. with that
price bid as the closing bell tapped.
Corn.
There was no appearance OF corn hav-
ing any intention of Indicating its leading
buyers were this morning more numerous
than ever. and sellers only to be found
among the crowd Of scalping bulls who
Not a Spectator on the bull side but had
a profit on corn he may have held at the
opening this morning. and 1t took higher
Pr1ee 70 t narf w ark a p5svie sn.g a Ia1a to 1fd Wss
literally put before him, but not until May
corn was bid up to HEc. or &c higher than
Considerable quantity Come upon the mar,
ket.
The pit was crowded, the usual followers
Of wheat and provisions adding their num-
beers to those who make Of corn their more
special business. Phillips and his numerous
following were understood to be not only
sticking to their purchases. but buying
more, although business in the pit was so
large and general that the individual OPP
erations were swallowed up and mingled
in one general excited whirl.
Local receipts were 236 cars. Sc Of which
were contract. Last year All cars were re-
ceived at Chicago, 1N OF which were con-
tract. In addition to the contract corn in
the receipts from country points. % car
loads Of speculative grade were inspected
from private houses and presumably for
transfer to licensed houses. Liverpool adj
yanced the price Of futures Of corn from I'D
to I'D and of spot corn from Ad to I'D.
May corn started at 4c bid. with few SELL
ers at under AAc. and 1t advanced slowly
but without substantial reaction to Hl.c.
During that time July steadily lost grouni.
Short sellers confined their operations 10
July, and considerable changing OF short
corn from May to July was a feature Of the
business.
The opening for May corn was from 44c
to 44kc, and as mentioned above. II adj
yanced to 44%tc. At close there were sellers
at 44lzc.
Oats were strong and active. in fact there
was very liberal trading. There was re-
ported an excellent export demand, and the
in corn also helped the ADVANCE
There was a large short interest In this
cereal and the big corn operator is said to
been a large buyer Of May. May
opened at 25Ac to &c. sold down to 2JAc,
up to 26hc and closed at 26asc.