The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-11-26
CORN WAS THE CENTER
OF STRONG BULL RAID.
NEWS ON WHEAT WAS ALL
BEARISH.
Report That Country Corn Was
Bringing City Prices Caused
Advance.

local grain markets yesterday. The spec
ulative element made up its mind over Sun
day that the outlook would justify much
higher prices for the coarse grain. and this
belief was strengthened by a flood Of bull
;sh news when the market opened. Eu-
rcpean buyers were bidding higher prices
for corn. and there was a good export de-
msnd. The advance, however. was based
chiefly on domestic conditions. For the
week the visible supply showed a large per
Centage OF decrease. Local receipts We're
small and the total receipts at primary
points were only a trifie above those OF
last year. The possible bearish effect Of
this Increase vas nullified by reports that
nearly all of the grain in Western store
houses was wanted by farmers in the South
and Southwest. many Of whom were buying
In the country at prices equal TO those
quoted in this market. Heavy buying began
at the opening and continued for an hour.
at the end OF which time there was some
Liquidation. Prices eased off for awhile, but
there was another rally, and the closing
prices were well above those of Saturday.
Dec corn opened unchanged and sold at
eSs4c, 64c, SIC, 642sc. 6fssg64l.c. 6iIzc. 4ssc,
t7a64es dlzc, e4Ssc, 6i5+c. 6i9sc. 04c. 6i-sc.
May sold at 65c, 6aisc. s5Hc. Csc. 65's9
655xe, 65i-c. 6S12u604sc, 65i2c, b0l4c, bl4c.o5isc,
6Sac, 65I4a65Sc, 6JAsc and 65lsc.
Wheat would have been decidedly weak
UuI lOT The support dGCUFutu Dg corn.
Scarcity OF corn argued an additional de-
mand for wheat. On this belief there was
enough buying to prevent the heavy slump
which must inevitably have followed had
the market had no better basis than the
statistical news. For the week the visible
increased more than 100000 bu. Worlds
shipments showed about the same excess.
Foreign markets were weak and primary
receipts were much heavier than a year ago.
Despite the strength borrowed from the
corn situation. the market closed with a
loss.
Dec. wheat opened nc up and sold at 75c.
H7sc. 74%c, 74AQ747sc, 424c, 743sc, 745sq75c,
747sc, 747sc. 7issc and 741sd745sc.
May sold at V%c, nAgT13sc, Tssc. 1sc, az.
9gs.. 3 mstgt4sc 4;sc' nstg'43se; 4assc' 4astS
dssgMstc. H3sc. "Ssc, ">4gI1sc, use. Hstc
Oats advanced in sympathy with corn.
May opened hgAc up at 449sc ana closed l2c
The visible supply Of grains was reported
as follows:
Wheat, 4S.s12.Ooo bu.. compared with as
$1,000 blu. a week ago. an increase OF 3,2S5,-
go bu. A year ago the supply was t2.26l,cpO
Corn, II. 4s4,O go bu., compared with Il, I56 900
bu. a weak ago. a decrease of $1,000 bu. \
year ago the supply was S,704. $50 bu.
Oats. $4,000 bu., compared with $4,000
year ago the supply was II, 10000 bu.
The worlds shipments of grain last week
pared with S.JOSOoo bu. a year ago.
Corn, 2,5i1,O0o bu.. compared with 1.773.0o
bp. the previous week. and 61.ll6.0O bu. a
year ago.
The wheat shipments we're distributed as
follows: America. 5.5ls.0o bu.; Russia, .
$1,000 bu.; Danube. 1,S12.o0 bu.; Argentine,
sJ0pO bu.: India, none; Australia, $4,000 bu.
The corn shipments were made as follows:
America, $4,000 bu-; Russia, $4,000 bu.: Dan
ube. 1.256,000 bu.; Argentine, 10000 bu.
Grain on ocean passage: Wheat, 35,1l2,cD
bu., a decrease Of l65 900 bu. for the week.
Corn. $4,000 bu., an increase OF 54,OO I'D.
Receipts OF wheat at St. Louis were a.
b6 bu., compared with 1861 bu. a year ago.
of these Is SKIS. and so cars were local. COM
pared with 2,72S SKIS. and 46 cars local and 3
cars through the same date a year ago.
Receipts Of wheat at primary points were
1.62S.65 bu.. as compared with l,O65,V0 bu.
same date last year.
Shipments. 1.202.5S6 bu.. compared with
793, 900 bu., same date last year.
Receipts of wheat at Minneapolis and Du-
luth were 1893 cars, as compared with 759
cars same date last year.
Receipts of corn at st. Louis were 103, go
bu., compared with Isl, $50 bu. a year ago. OF
these l22 cars were local and Z cars through.
compared with 800 SKIS. and 70 cars local and
ia cars through the same date a year ago.
Receipts of corn at primary points were
45s.S93 bu., as compared with $4,000 bu.
same date last year.
Shipments. 5S2.702 bu., compared with 535,- |
900 bu. same date last year.
Receipts of oats at ST. Louis were &c. 500
bu.. compared with 1880 bu. a year ago. |
OF these A cars were local and II cars
through. compared with % cars local and 5
cars through the same date a year ago.
Receipts Of oats at primary points were (
427. 45s bu.. as compared with $4,000 Blu. same
date last year. /
Shipments. Cog. $40 bu. compared with aOJ,-
600 bu. same date last year.
St. Louis Curb Markets.
What Nav Tic pufs 7-.c 70 NR--rlc. |