The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-04-19
UNSETTLED MARKETS
PRICE CHANGES MARKED.
BOTH STRENGTH AND WEAK
NESS SHOWN IN GRAIN.
Wheat Made Some Good Advances
but Sold Off and Corn Was
Weak All Through.

The, local grain situation did not DO n
well as they did the day before. and il
some aspects the bull campaign vas IA
from being a success. The markets were
all slow in getting Into shape Thursday
and throughout most of the session. aat
more especially early we're slow and rather
tame. not TO say stupid. the price move
ment being extremely narrow. and opera
tons in the local pit quiet and practically
1eatureless. as the policy OF traders ap-
peared TO he TO await Developments. Il was
wheat that assumed the leadership in a
speculative way. that grain during the
morning showing unmistakable evidence OF
strength and advancing sharply. while
corn was moro inclined to take the bach
track than TO advance. The first named
lost most of its early advance. but the close
.vas still a fraction higher than the day ie-
Tore at l-l5c advance. C.rn and o=ts. on
the other hand, showed quiet an undertone
of weakness. and at The close the tor1ne:
latter from isc 10 i,sai.c below the day be.
fore.
h prosperity that struck wheat
Wednesday. while not so prominent. was
still in evidence Thursday. and. for n short
time. the day was characterized by strength
and higher prices. Sull backing, however.
was not so strong as 1t had been. and many
OF the conditions so effective on Wednesday
were lacking. There WAS no short interest
TO speak of. that having been pretty sener-
ally eliminated. The weather WAS warm and
halmy. and the frost reported in the South
WeSt was not as leaVy as had been eN-
pected. Jiverpool's response 10 our advance
OF the day before was only I'D, and no COM
Ii result of all this. there was more wheat
for sale than was wanted. there being
many who bought III short wheat the day
previous who were Just as anxious TO put it
out again. Nevertheless the market here
opened up &c higher at 6Slsc for July. which
advance was maintained for a short time
only. as the market soon weakened to 6S7s
G6sc- on a selling pressure. May in the
meantime sold at ac to I0'sc. There We're
no damage reports received here except
what came via Chicago. but these We're eff
fective. and stopped the selling and brought
out, some buying o.ders. and July, which
had been offered down as low as 69s4 sc,
sold up to 6sssc. and May went from 7o2&c
TO 71ac. The late cables reorted Liverool
AS CLOSING. Nd higher. Berlin up sc and
Buda-Pesth llsc. but Antwerp was I'M
changed. and Paris was &c over. The eN-
hu.. making the total so far this week
S,SlS.GW bu.. against 4.2l2.000 bu. last week.
During the last half of the day there was
decided weakness shown. owing to the with
of shorts and the fact that buying
for long account was very light. but the
market was prevented from declining much
by reports of a large export business; some
for Germany, where crop damage was re-
ported. May sold off to 70ac and July to
6Sac. and at close there were sellers at
.cia7lc for the first and at 6s;sG69c for the
last.
Weather conditions entered largely into
the situation in corn locally and otherwise
and had a bad influence from a bull point
of view. the changc from wet to mild and
warm weather being decidedly bearish. Chi
shown TO buy here. the result being that
the May option opened lsc lower. at 4Slsc.
and soon went to 423se. while July brought
4szsc. There was no change in the condi-
again light and country acceptances small.
the same time the shipments from pri-
mary markets were small. owing to the
cash demand. and export ~clearances
were only 245.0N bu., making the total for
the week 2,231 600 bu, against 3.2lS.000 blu.
week. Liverpool opened 1sd off. but
rr txe opening decline. and May went to
i3Ac, and for July 42kc was bid. This adj
vance was shortly succeeded by weakness.
ported at the seaboard. All domestic mar
kets showed weakness and speculation
was poor. May late sold off to
and closed at 42Tc, and July was offered at
but closed at i2sssg42lsc.
There was fair speculative interest taken
n oats. and the market for a time held up
,eing the ~lateness of the season. During the
lay July sold at 2Sisc to 25@c. hut closed at |
asked. Sales OF May were at 26ssc. at
which it closed. ~
Traders Gossip.
The Cincinnati Price Current has not yet dis
,anced as far north as Kansas and was dam
ems me TAI SssD s u ' sss IA, = su%%las up q
resent prospects; SAYS; "Wheat making SLOW
maintained. Oats. acreage slightly reduced and
srn acreage likely to Equal las, year: No
after part Of the season likely to make up
This. veek's clearanees Of flour and wheat
.iii be heavy: but viii hardly reach the dimen-
noes will be small.
The only change in the st. Louis public stock
here was no change at all in contract grades OF
ny kinds.
M,us s.d neM the ia .ss Ssss. ar. v..ss 5Ss . A very year m sso
here WIS $4,000 bu. decrease.
s masFs sss No . 1ss;; ', da%sx. f + s ay IN do sas
I VIII come later on II At all. The prospect as
-Broomhall cables that strength in Liverpool
sheat due to uneastness Of shorts regarding tho
iso sIe eSld. ua & Ss Raeli Tssib sq-T in 1w:r asd
'horts fear tax duty will be put on foreign
wheat receipts at primary markets, ssl, 900
u. against si7.e ., BY, E week ago. &c., 600 Blu, =
SO. and $500 bn. g year ago Shipments from
points I7s. 600 Blu.
Primary corn receipts. 1s2. 900 bu. against sos.-
no bu. Q year ago. including $500 blu. at St. 1
.ouis. against 1ss. 200 bu. last year. Primary
l67, 900 blu. -
:, Primary oats receipts. S7sooo bu. against a7.-
Rainst 2o.loo bu. . year ago. Primary ship.
nentS LOO bu.
Cash Grain, Flour. Etc.
wHEAT-Cash N~arket-Receiv $50 Ska ana 2
IN local and 5 cars through. Amount offered
y sample exceedingly small. and but very little
that desirable for milling. Demands small.
while outside orders here. the prices asked
AIRED business. Some No. 2 red offered the
last night ut TOY {. o. b. E. trk. was not
Sales from store OF l5,0oo No. . red at
over May loaded reported. By sample No. 2
d salable this and 3. side at Tee; No.. 3 red at
C. 20 &c: No. . et 90 g ioci No. . hard at
&c for ordinary to s1@72Ao fpr Turkey: No.
hard At 70c to |
Aarket-Recsived 9 cars local and
cars through: Insignificant offerings restricting
ysiness and very little done: No. 8 or better
mi ealable 10 Over May del. e. side: a few