The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1902-04-20
GRAIN TRADERS NERVOUS
AND TRADE IS LIMITED.
BJ-LL SENTIMENT PREVAILS
BEFORE CLOSE.
Wheat and Corn Both Make sub
stanrial Gains and Pr0yis-
lens Lose Ground.

Chicago. April 19.-Foars in the minds Of
! grain SPECTATORS over the weather condi-
tons produced another nervous market to-
day on the Board of Trade. Bullish senti-
ment predominated, though trade was not
brisk. and at the close May wheat had
gained a,47sc and May corn isq1ic. May
oats stood unchanged. Provisions closed
unchanged to 2cc lower.
Wheat.
Wheat was ruled by the weather. Tho
people who sold late yesterday on rumors
of rains bought IN hurriedly at the opening
when dryness VAS reported again. and
caused a sharp advance. The small North
western and primary receipts also caused
some alarm to shorts and induced good buy
ing at times. Traders Were firm in the De-
lief that the whole future OF wheat prices
hinges on the moisture that may or may
not come to the relief of the winter crop
in the next ten days For some days the
dry weather has been discussed. and as
days went by without the needed rain the
situation became more critical and complex.
Southwestern news is generally bu!!ish. Not
only is the winter crop fuil OF dangerous
possibilities. but the story is now pretty
generally cried that there will be a very
bad shrinkage in the area OF spring wheat
in the three States. Cash
wheat is growing scarce here and in the
interior. and this consideration caused hold
ers to stand firm to-day. No shipping
business was done here to-day. and the eN--
port demand at the seaboard was called
poor. These worked against the early up
turn. but exceptionally large ciearailces OF
wheat and ~four-TTS.G09 bu.-together with
the big bullish factors. brought a good
rally. May opened 5sa&c to Sa12c. ad-
vanced at 7i1sc to 74ssc. and soon sold TO
742,c. a dip to 74l4c followed on profit
taking. but the situation was strong. and
May closed AUfsc up at 74&sc: Receipts
were 10 cars, none contract. Minneapolis
and Duluth reported lOS. a total for the
three points of 1913. against 1S5 last week
and 3I a year ago. Primary receipts were
19S.Go0 bu.. compared to 5000 last year.
the week. against 1900 the corresponding
week a year ago. Signs point to a marked
decrease in the visible supply next week.
Corn.
Corn trade was only fairly active in spots.
The opening was l2a@sc higher. in sympathy
was not brisk enough CC sustain the better
prices and selling was free with the local
crowd. After the opening bulge the market
became n scalping affair and prices eased
were still buliish. however. and the prize
of feed became something OF a bullish
character. Cash offerings West continued
small and receipts were 70 cars here. There
was some talk of a better movement, but
conservative traders persisted in the opin-
ion that there could be no liberal receipts
here. Cables We're Indifferent and the same
trade was dull. May. corn sold at 62Sc,
eased off to &C and closed firm, isqi4c up
at 62ls462Ac.
Weather was the factor in the oats mar
ket. Drought and the higher prices possible
for feed influenced good buying early for
investment and short accounts. Wheat and
corn aided in the advance. July and Sept.
both had good upturns and held much of
their strength. From appearances there is
opened at 4Sac and closed unchanged at
ISr Receipts, lis cars.