The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-07-21
BULLS IN GRAINS
WERE VERY SUCCESSFUL.
SPECULATIVE GRAINS FA.
WORKABLE TO THE BULLS.
All Grains Were Advanced, Par.
ticularly Corn and Oats, Which
Led in Point of Strength.

Everything in the cereal line was on the
hish-price record H' was 0 established. It was
emDhatically bull week from start TO
finish. there really being but one side to
1ne Pee ny hr3n sd OF nes
conditions change very materially within q
short time. this will continue to be the right
Pretty :, ne near everything GIN in the the way Of
news and conditions that was likely to have
any influence upon speculation In the dif.
rreaa
strength and bullfsnness was the most
prominent feature Of the week all the way
week w. before being more than ever promi-
nent. The bullish enthusiasm was very
marked all through the week and there
trading In the pit Change and the deal
There were but few weak spots. especially
after the opening aes break. These weak spots
part Of traders to reap the beneit Of the
pro prom was was several times "a = feature Of the
situation. Everything and everybody was
bullish. however. and quick rscoveries gen
big attendance Of outsiders on the Mer-
chants Exchange all of the week, some
from the country and large number from
interested on the long side Of some one or
other Of the grain markets.
during the week. but came out on top. all
the same, though the record made on the
winning side was not to be compared with
the higher-priced grain beat moro than
mile. The drought conditions that have pre-
vailed for 80 long time, and which show
Confirmation COZ H BY the Government and private
sources of damage to the spring-wheat crop.
and the fact that great uneasiness was was
corn was on the rampage. to say nothing
Of oats. was more than sufficient to on
set anything of bearish nature in the
wheat market, and . very much better.
stronger and higher market was expert
enced during the past week. and the close.
which wa. about the top for the week,
ket closed week ago.
Soft spots were not infreguent In TINS MS
but du. IN to nssS nasn on sss
Of those unable to resist the temptation
Of cashing in and taking profits and, as z
the WERE
The receipts throughout the week were
phenomenally heavy. both here and at Chi
wise Would have BEEN en, the thee case had the
sentiment and feeling been the least less
bullish. Cables were strong, and in many
ins on sor s account mt Wss sxcesdiDsiy
encouraging. while the clearapces for the
week were considerably over 6,x0,00 bu-
Big bull conditions in corn and the dry.
Ing Ing received rom ron the Northwest county
big crop prospects failed to Offset. strong
bull market being had most Of the time.
which held right up to the close. when July
was quoted nominally &c, Sept. closing at
6eM3no and Dec. at 6eisc.
There was really but ono side to the corn
mi pyPnt NfYreP tNA un0k ALI nvOH
without saying that Il was the bull side
There were occasional soft spots. but they
never did any serious harm, the market
backsets by advancing higher than ever.
Weather and drought conditions were as
usual the dominating influence during the
and It is believed will continue to be for
some time yet. The rainmakers were prom
inent at times; but were not very SUCCESS.
as to be Of very little benefit to the plant,
which is said to be IN very precarious
very heavy scale. commission houses and
brokers being overwhelmed with orders to
y ns city s:yt ss
SO long and the prominence given them by
the press Of the entire country. giving rise
to the belief that the corn crop. II not al,
or Is in fair way to be so.5
This has naturally developed q feeling Of
DuillSnneS9 tnat mas COutlh0e6 TO spread,
until now, when the trade and the specu-
lative people of the country are rampantly
bullish. The result Of this has been that
speculation has been enormous. prices
have advanced LARGELY. and the whole
country has gone wild on the bull side OF
corn. :. There were several attempts to
and prices were hammered down sharply,
| hut these attempts were never successful,
| and those who sold in order to bring about
lower prices. were glad to buy back at
higher prices. Selling to take profits was
quite frequently feature Of the market
| during the week, and naturally caused re-
cessions. but these became less frequent as
| the week drew to a close, and the market
became stronger and more builish The
/ week wound up In a blRze of glory with
| the bulls away on top, and the market
| from nc to 1hc higher for the day, which
l meant the top for the week. making a
| total Improvement for the past six days Of
| from 37sc to SIC. the July option closing at
! 541sc and Sept. at SAC.
While speculatively less lively the oats
l market at this point Led everything else In
| the cereal line: In strength and bullish-
ness, and at the close yesterday the gains
I were found to be considerably In excess OF
corn. which really was In second place.
i The weather conditions. and the fact that
the crop has been practically ruined. gave
market has remained uninterruptedly
strong throughout the entire week, closing
i eight up at the top and from lie to INC up
for the day. and from SIC to EEc higher
10. tie week. July closing at size nominal.
| Gent at 3&c and Nav a 3Qfkr r. ~