The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-01-27
BULLS MAKE GAINS
GRAIN ACTIVE AND HIGHER.
BULLS IN GRAIN VERY ste.
CESSFUL DURING WEEK.
All Markets Were Bullishly In
clined. More Active and Sharp
ly Higher in Price

IN gram uurlnS the past week. ana they
made an ail-round good record. Early ii
looked for a time like the bears would be
successful, but it turned out just the on
posite. the bears being given n lesson tina
will take some time to recover from. the
week from a bull standpoint being one OF
the most encouraging and satisfactory all
round that has been experienced since the
beginning of the new century. So much
improved were the positions of the two
leading markets. In a number of ways. and
especially in price and feeling. that senti-
ment. which has been hesitating between
the bear and the bull side. has chosen the
latter and has steadily increased until the
present writing. and is almost unanimous.
Without exception the speculative situa-
ton has been almost uniformly one way
and prices have improved in such n way
that there has been more than a full re-
ccvery of the losses of the week before.
and at the close yesterday the bulls were
In complete control. The position of all the
markets was more or less changed for the
better, and In particular that of wheat.
which. while suffering the most the week
before, has wholly redeemed itself
during the last fye or six days. The
change was a sweeping one in many re-
spects. all the msrkets showing a decided
change and one that was far-reaching and
believed TO be permanent. Only once or
twice in the week were the bears in a po-
siflon to make any impression upon values.
but they were never able TO hoid their ad-
vantage for any length of time, and since
then everything has Deen run by the bulls
Owing 10 the cnanse In sentiment That has
taken place in the markets there has been
a good Improvement in speculative business
ana pit operations have been ON a larger
scale
The change In wheat most noticeable the
past Neck mas hesn the Change or sentiment
from the bear 10 the bun siue. Local trad
ers who have been disposed to favor the
buying sioe. but have nesitatya OWING 70
the conditions and factors holding sway
have apparently Icst all their iImiuity our
ing the past week. ana parucuiarty the iast
day or two, ana showed the .eoursse oa
tie buying SIDE. with uie exception OF last
Tuesday, when there was a snhrp break III
values. there has been an almost unin;er-
iupted ADVANCE, with the result that specu-
laIive business has largely improved, bull.
lsh sentiment increased and prices ADVANCED
SO much as to have wiped out t lie d @arnes
upon a very much stronger and nigner
level Bearish professional traders nave
kept pretty much In the oaeEsrouhd aa'e ep
the week were not In IL at all. In fact, the
bulls have held the whip hand, ana nave
succeeded without much trouble IN noId;hs
tor and largely higher. As regard Factors
and conditions. they have chiefly been fav-
Srs6lf to ,'e b suy ydssp seae Of a aseid Sn,tss h sas
wholly favored the bulls. That bull-
ish sentiment grew upon what IL fed Was
more than once made plainly evident in
The lotion of the market. and the course OF
values in the face of conditions that were
not altogether favorable. and during the
surcharged with rumors relative to u ccm-
ing bull movement Of NJ mean proportions,
and that would put prices away higher
than they closed yesterday. winch was from
&c to 34c up.
Foreign market cables. statistics. and
eisn bulls were the chief factors during
the week. and have entered largely into
the calculation OF traders. For Instance
more heard of in the way of export buying
and the daily clearings were large, while
for the week they were in excess or the
reporting them at ASS. 67s bu.. against B.
$1,000 bu. last week end 3.os1.0oo bu. a
year ago. Advices from the Argentine
favored the bulls. In the first place there
were reports of bubonic plague there. and
fears of quarantine against that country.
that crop shortage and finally small ship-
statistical Information received. both from
foreign and domestic sources. waf bullish.
Small worlds shipments were reported and
the amount affoat was Increased only no.
Us blu. There was no material let-up TO
the crop movement on this side. until late
in the week. when receipts at primary
fell on some. Bradstreet's report
was bullish. 1t showing a decrease CT p
10000 bu. in the worlds visible. and. OF
s1I.ooo bu-. outside OF the regular visible.
As the week drew toward a close the teei-
ing became more and more builish. for
eigners made their presence Known ire
Quentiy and prices responded freely 10 the
good buying and buIlish conditions. Every
day was marked by an Improvement in
price. one of the best being yesterday.