The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-01-27
CHICAGO WHEAT MARKET
CLOSES AT AN ADVANCE.
MAY MAKES A NET GAIN OF
SIS TO 81 CENTS.
Corn Also Has a Good Day-An
Advance in That Cereal of
Almost One Cent.
REPrTLIc

NhiSaso' III. Jan. -S-An active business
was lone In wheat. and most Of it at {
material Improvement on the previou,
days price. May wheat closed with a net
gain of S1lc- The news regarding tn,
Argentine crop was c~onfrmatory of the es-
Inmates of the quantity for export. Europe
was expected to realize before long that the
quantity necessary to her support require
to be drawn from this country could not be
attracted at present prices. and In absence
OF any change in the domestic situation
from the bUllish views entertained of 1t
yesterday the leading longs stuck to their
wheat and bought more. Corn. pats and
provisions were not changed in price TO any
great extent.
Wheat.
wheat opened. under the impetus given
II by the news of the previous day. at
about &c above the closing figures OF yes
terday. There being nothing differing rad
lcally one way or the other from the pre-
viously prevailing conditions. the tendency
among that considerable number of the
traders who follow a market only so long
as II display an unmistakable disposition
20 lead steadily In enc direction was TO
take the profit the opening advance assured
them and avail developments An advance
or only I'D in price Of futures and SPOT
wheat at Liverpool. and receipts In the
Northwest only AZ cars smaller than came
10 hand a year ago. I'D not seem to the
class OF traders referred to sufficient to
Keep the advance in motion. and they sold
tner driblets OF long wheat. Thu thirsty
pit absorbed these at a concession OF Isc
from the highest point OF the opening rise
with the avidity of an aikali desert for a
summe- shower.
The leading bulls were athirs. for wheat.
and the slight sprinkling they received at
the time mentioned was 50 far from salts
flying them that the moment 1t stopped they
set up a loud below for more, and did not
receive even temporary relief until May
wheat had risen from s6%c to 77%c. II
opened at from 1c to
The receipts at Minneapolis and Duluth
were 20 cars. against 40l the week before.
and % the corresponding day OF 800. Chi
cago received 81 cars. against IS last year.
Liverpool advised Of an official crop report
from India which said: Crop prospects in
the upper provinces most favorable. but IN
Bombay bad"
A Leading grain shipping house in Rosario
shipments of wheat from here for some time
TO come. Very small quantity Offering on
the market. Crop thrashing badly. Best
local authorities reducing previous esti-
Primary Western market receipts
amounted to 40l.0o bu.. against 342.0 900 bu. a
year ago. Seaboard ~clearances of wheat
and Hour were 315.eO blu. Further confirma-
ton. II that were now necessary. OF a very
disappointing crop OF wheat in Argentina
sources. and had a tendency to stifen the
views OF holders. so that on every down.
ward reaction there were buyers enough
~ o1c< hNtAg pA1fur iLkc ne HItl Ilte
to .Fs.c for May wheat. 1t sold gradually
back to &c. and from that Its final lively
r2liv TO rs. with Ttsc the closing figures.
which are saAc above the resting price OF
the day before. Paris quoted an advance
equal TO &c a bu. in March-June wheat, and
a rise Of &c a bu.
Corn.
There was a good commisslon-h house BUSH
ness in corn. the range for the day being
Nc Outside orders were as a rule on the
buying side. and May sold to ssSc. the bulk
of the selling pnrnfnU from .roxvtafN- f..--
ests and elevator people. Final figures were
little changed. Receipts were 31S cars with
none contract. and 800 cars are estimated
for Monday. Gables were strong. spot at
Liverpool being up Ad. and futures @Ni-d
higher. London came steady to I'D higher
country offerings were very moderate, and
the cash demand Is improving. Local arri-
walls. $4,000 bu., and shipments. 1l7.e0 bu.
Weekly receipts were 2.127.0O bu- and ship
rnents only $1,000 bu:. indicating good In
crease here this week Outside markets
firm. Primary receipts were $4,000 bu..
against 5.2S7,0N bu- last week. and 2.S3 900
bu: one year ago. Colder weather is indi-
Gated. Exports were $4,000 bu.. and nc
boat loads taken on the coast. Out inspcc-
ton here limited to 1900 Blu.
Western advices were again 'bullish."
CARROTS were in good demand and small
supply. Feeling firm. and prices about &c
higher. closing steady. No. 2 and No. 2 yell
sSSsc' ei SSs c AZ sa14 q a No No : sold I w az S1 %
s7Sc. Corn fairly active and firm. closing
unchanged to shade higher. Jan. sold at
March so Saf1 at s s. ass s:a opened pe1 = at at sac SIC
and closed at Ssi=c. May sold at S9AG1c:
opened at asa to 3sssc. and sold at $50
sslsc' and closed at SIG asked.
Oats were easier and closed &c lower.
was good selling by local holders
and scattered buying. Prices failed to- get
clined &c. There was a good cash demand.
rumored sales Of 5o0.co0 bu- to load In
boats and 1900 bu: was confirmed. SCI.
IS5 cars. with $50 cars estimated for Mon
day. CARROTS to go TO store were steadier.
with fair trading, No; : sold at 2tac. No;
active: sold at 254d25hc. opened at 2SSQ
sis. sold to 25ac and closed at 25.sc.
Provisions.
A rather small business was done in spec
ulative hog products. but the market was
firm and prices averaged some higher. this
chiefly due TO the reported small change In !
small offerings. though the highe grain
were an Incidental help. Hogs were
also some higher early in the day. but
closed easier on the prospect OF a good l
run the coming week. put at $4,000 head,
against 15.c0 received the ike week in
lsoh Liverpool quoted anotner decline OF
days. and short-ciear backs were also down
Cd. while lard advanced Sd. Western points
year. Shipping demands for all descriptions
were rather poor. as they have been all
week. Total shipments for the week make
a very SdIffIdCltEy III az A
showed small advances in pork, lard and
ribs.
There was just a fair trade in May pork
and prices were firmer early. advancing |
SIC. but reacted and closed at an advance
sc. The range was $i3.95G1405. Opened |
i395, sold to sl4.05. down to s1S.S1 as a
.Iosinc. May lard fair trading and firm. |
-ansing at G.42izdI.ELa Opened at N.42ta.
sold al t7.471z and closed at S.4S bid. May |
ibS moderate trading and firm. ranging
1t Sd7.05. opening at 81 and closing at
7.Osis
The market was steady. There was only
!, light trade and IL was at just about the |
asst price paid yesterday. Demand only !
and offerings also moderate.
<et acted i'm sympathy with wheat. There
vas only one car received. No export clear
,nces reported from the seaboard. No. 2
n store nominally SIC. and sold on track
II see. May sold at 5iizc to 5lssc and closed
II 5Ir.c asked.
Range of Futures.
Articles. Opening. Highest. Lowest Close.
-. ~ I= 1= 1S4
May Jan. ~sEs e 81 ! 1
May - ..~.Ssas Ar y. z.
MIA Nav rorH. jan. rs; iia iss. nis.ssas
.Lard-Jsn.... ~ T.5 IS 75 L5
March -. - - .s.s