The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-04-23
SHARP ADVANCES
IN ALL GRAIN MARKETS.
STRENGTH AND BULLlSH-
NESS FEATURES.
Demand Was Lively and Trading
on a Large Scale and at Big
Gains in Price.

There was hut one side apparently 'S
local grain situation Monday and that was
the bull side. The course OF events IN All
the markets was well calculated 10 III
crease the bullishness and strength tha'
has prevailed during the past few DAYS. ana
which was especially marked last SATURDAY.
and the workings of the different markets
Monday were in keeping with the develop
ments of late. being governed and influenced
h, conditions that were emphatically fav-
orable. and TO which all grain markets re-
spond freely. There was no evidence OF
real weakness during the day. but a rapidly
increasing under;one of strength. which
was particularly noticeable during the last
half of the session and the result was that
prices advanced sharply and closed right
up around the best figures for the day.
lisc. while corn was lisWi5sc higher and oats
wheat showing a gain IN price of lssUtac 10
AQ&c better. the best showing these mar
kets have yet made since the bull move
ment was inaugurated last week. BESIDES
the strength displayed the markets were
generally active. pit operations large and at
times exciting.
A bull fever swept through the wheat
markets of the country Monday, and prices
were carried sharply upward everywhere.
The local market got into its bun stflue
right at the outset, and. While receiving
some slight checks. was never actuais
headed of, prices rising almost without IN
IerTuDIlOn ana Hndlly CiUSiiS az tNe 49,
figures Of the day. The trade was confront
ed from the send-off by bullish conditions.
One of the most important OF these WIS
Liverpool cables. which were up. tad cary
vas claimed, to prospective damage 70 tle
crop OF this country by the floods. FOLLOW
ing these cables was the usual Damage re.
ports from the Southwest, and the TACT tnat
cable satisfied we're not bullish, the amount
on ocean showing a decrease of l64c.ov bu-'
where a year ago it increased l,a9e,oVV ou,,
~ 49, ~ -I,tDynnNfc wore lHSS lnal
100000 blu. Receipts were fair and tne
weather. though clear. was still cold IN
many localities. The feeling was very pun.
fish on these advices. and no trouble was
found in giving the market a good and nVe-
iy send-off, July opening &C up, at tS1Ac.
but on heavy realizing to take proflts there
the buying continued good that opnen
quickly reacted to 10hc again. The
opening for May was ssc better, at 12.4c;
Al was then offered at 72lsc. but later sold
n 79lc. There was no let-up to the buliish
ne|s and conditions. and nearly All were
For instance, the visible was decreased
e.9O5. 90 bu.. which was more man eN-
pected. Export clearances for the day were
large. and reports of damage TO the German
crop were received. which was connrme4 ny
The Government, and a &c advance at Der
lin. with Germany said to be huylng az
New York. Liverpool closed 11ed higher ana
London I'D up. while Paris was Adlc bet
ter for the day. On the strength OF the
above. there was an advance here in July
to T0NGac. and to 72ssc for May, but the
buying for short account was not noIiceapIy
ieavy, as It had been. A later cable from
berlin stated that the advance there was
lac. instead OF SC as first reported. and the
clearances from America In flour ana wneat
905. coo blu. There was but little let-down to
the market, and as the day drew to a close
Il went higher than ever, July selllng at
Tlc. at which it closed asked. when 12,sc was
hid for May. Export sales or Al LOADS We're
reported from the seaboard. and had a
strong eject.
There was undeniable strength in the local
corn market, but the situation was quiet.
for the reason that speculative interest was
centered in the higher-priced grain. The
weather west OF the storm center to the
and the country was selling but lightly.
Liverpool was up axd and wheat was a
strong pull factor all the way through.
May here opened iAc higher at 4shsc' and AT
mand and 20 little was for sale. July SOLD
at sc and later 4S1sc was bic. The avail
able supplies were decreased. the visible
Of this country decreasing 81 600 b.; a. ana the
against $4,000 Blu. decrease N the former
and ga 1000 bu. increase IN the iatter last
year. july finally brought |Slac and MAY
we're small at sl4.0oo bu.. and only five loads
were taken for EXPORT. Late IN the gay
on an upturn at chicago. May here sold at
45Lc and closed at that asked. wniie July
sold and closed at EAc.
ON the strength Of the backward season
ami the boom in other grains the specuia-
I've market dsmd for G sns, w aays xsps s the market Hssa
sharply. July selling sc up at 26ssc and
Nav Ic higher at &c. at which the market
closed. There was a decrease IN the visible
crease q year ago.