The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1902-12-02
WHEAT CLOSES HIGHER,
DESPITE LARGE DELIVERIES.
CORN FUTURES MAKE SLIGHT
GAIN.
Early Feeling Is Bearish, but Most
Short Traders Rush TO Cover
at the Close.

Considering that yesterday was the first
DAY for delivery of grain on Dee. contracts,
the fluctuations of both wheat and corn
were extremely narrow. Though the feeling
was bearish early in the session. there was
a good rally in the last hour and closing
prices We're irdctlOnaily above those of
Saturday. Interest conferred in wheat at the
opening II was reported that large quaint
Ties OF the grain would be delivered. Other
domestic markets Were easy and Argentine
advices indicated more favorable weather.
A total OF 5000 bu. was delivered. This
was so well taken care of by the longs that
traders who had sold in anticipation of a
break hastened TO recover their lines.
The visible supply Of wheat for the past
crease of 4,isi;c9 bu; in 1901: St. Louis
stock decreased l26,e - bu. and Chicago in
creased $4,000 bu.. Total visible supply As
and 50. 1886 coo bu. a year ago.
Wheat on ocean passage afioat for Europe
the past week: g. bu.. against 81. ~.
W. bu, the week prior; decrease, Loo. On bu.
Worlds shipments of wheat 20 Europe
the past week, S.276,s0 bu.. against 9, 49O. 90
bu. a week ago. and S.i91. 100 bu. a year ago.
Dec. wheat opened l4c off and sold at:
s7ac. s7Ac. s7E,c. CSC. wy
An increase in the visible supply and
fair!y large receipts caused a sharp DOWN
ward movement in corn in the first hour.
The bearish sentiment was strengthened
by the decline In wheat. When it was
found that only $500 bu. had been deliv-
- oAAA llAol NhC bbyC1o "a tllc
gram were ready 10 support the market,
prices advanced rapidly, and the close
showed a net gain for the day.
The visible supply of corn for the past
week increased $1,000 bu., against a de-
crease of 23I."p bu. in 1871. ST. Louis stocks
increased l,3,CO bu. and Chicago increased
o2tpv bu. Total visible supply. 2.93I .OJ bu..
against 2,2o..vO bu. d week ago, and II ~
0O bu. in 1901.
Corn on ocean passage afioat for Europe
the past week 6.1l5.009 bu.. against $4,000
bu. the week previous: decrease, So, 90 bu.
Norlds shipments Of corn 10 Europe the
past week. $3.50 bu., against 1,SSs 100 bu.
last week and 800, 900 blu. in 1901.
Dec. corn opened Ac off and sold at:
t4c, isfsc. 4ssc. +31c. 435:c. 43Asc. 2Ec. 45sc,
Receipts of wheat at St. Louis. s7,es7 bu..
OF which 4,Sfl sacks and 81 cars local and
Il cars through. against 4S. 5l2 bu., OF which
LOO sacks and So cars local and 1 car
through. in 1871.
Receipts OF wheat at primary points. L.
9!5.l7S bu.. against 1.5G7.tOo bu. in 1891. and
shipments s47. 93s bu.. against $4,000 bu.
Northwest received 1851 cars. against 1851
and Kansas City 5000 bu. Ciearances. 49,
OO blu.
Receipts of corn al St. Louis 1s5.1o5 bu..
of which 2s2 sacks and 1I cars local and
10 cars through. against i.i0 bu-. of which
eS cars local and % cars through in 1901.
Receipts of corn at primary points, 3d.
4f bu.. against 1900 bu. in 1901. and ship
ments. $sG.i6I bu., against 5000 bu. CHI
cago received 22S.2o5 bu;: and Kansas City
Is. 500 bu. C~learances. 2s3. 364 blu.
Receipts of oats at ST. Louis. 1850 bu.,
of which % cars local and 2 cars through.
against So bu.. of which AZ cars local
and "A cars through in 1901
o15 hu.. against $500 bu. in isoi. and ship
ments. 33i,3S bu.. against S3i.WN blu. Clear
anceS, none.