The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-04-09
AGooD ADVANCE IN
CORN AND WHEAT.
STRONGER UNDERGONE TO
SPECULATIVE GRAINS.
Dealings Active and Some Fair
Gains Were Made in Wheat
and Corn.

Considerable excitement and life attend
ed Mondays dealings in grain on 'change
and q broad and active market was experi'
enced, together with a stronger tone ano
higher prices. Corn rather had the pes'
OF Il in point Of sustained strength and
made the most gains. but all the markets
were bullishly inclined. n an all-rouno
Improvement was to be seen at the close Oh
the day. In the early dealings. and espe-
cially Just after the market opened up TOT
business. the different grains were inclined
toward q lower level, which was due TO
some weakening influences sprung at the
outset. Later. there was a wer-deffned
disposition TO do very much better. strength
came to the surface. and. though there
were several eetbacks, strength and bull
ishness were uppermost during the CLOS
ing hour, prices improved smartly, espe-
ciaily In wheat and corn. and. although
the very top prices were not maintained.
the nnal figures showed gains OF hc TO asc
for wheat and kc for corn. while oats were
unchanged from last Saturdays closing.
There was a Rood deal of strength under
lying the wheat market when 1t closed and
prices showed q very encouraging gain,
particularly when the way the market
tar from being encouraging, to say the
least, as the feeling was bearish. There was
selling for both long and short account. and
IElC6B I0Qluiy SOukut u lOweI lStci. AAdtcA,
however. there was q right-about face and
q stronger position was assumed. which
Was maintained without much effort to the
The akn noted early was brought
about by the beautiful mild and springlike
weather. and the best kind Of advices from
from abroad. but such statistical informa-
ton as came to hand was unfayorable for
the bulls, .os the he amount afoat having In,
there was fully that much decrease. The
selling that opened the market was chiefly
In July. which opened Nc lower at Ss%c. and
f sc1e i0 3 g sss as; sno M LAYS w sae' mSsh Bette. ter
Eatntained, opening at 7o,sc to zoe. but
finally weakened and sold Oh S@hc from
ter that came IN this market was ras t brou sd,
shout by some builish conditions.
Among these were smaller primary re-
s SSIcs mounted sas nsasS s 70 1.sss.e 81 hour sn., a and s a faii,
ine on N the visible Of this country OF 49,
90 bu. Then there was a cable received re-
RSoss,as h ss5tSSs damage to the German crop;
May wal worked up to Uhic and July went
weakening on to 7okc for May n to sshc
for July. and short selling was resumed. es-
pecially in the July option. the crowd be-
poftsnce s@eceived during the rest Of the ses.
sion, but the market advanced neverthe-
le3. The sales for export were reported
X only = i0doS. ana OUT little business was
dene in cash. There was q good demand for
May late. and It became 90 urgent that
7Uk4OHc- was paid. and the market closed
at 705S670Mc bid. July went up to 6Shc. and
ut close had sellers at &c.
The, local corn market opened up pretty
much - wheat did, being less Influenced by
that grain. The flDe weather also had
something to do with the early weakness,
the receipts az posted were small
aud there was said to be more rainy
weather IN prospect; There was nothing
received from the other side except a re-
1yS9eyAoO bu., compared with an Increase of
l440oo blu. . year ago. and the clearances
from this country were light at $3.50 bu.
The May option opened here at k0&c de-
cline It 0xc, q July Nc lower at 425ic,
but ~ other markets advanced there was
buying support given the market, and May
was bid l<zAc b July x2x01c. while later
the ~fSt-nAxn sold It &C and the latter
ut nc, but once more the market weak
ened and Nay went to orc sellers and. July
20 &C sellers also. During the balance of
little attention, wheat having the call,
but fe gradually gained in strength. and at
the cIoee 1&033Hc wa. bid for May. July
Was offered ct E216c, M still later l21t@43c
Was bid. while the Close was at 23c sellers.
Thess = but little to, be aid Of oats.
which attracted even le0s attention thar
has boon the case OF late. There were no
dealings Of consequence int no important
changes IN price. July selling at $50. and
that aslked 1t close. while May wal NOM
- bu., against 92.00O blu. decrease one year