The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1902-04-13
CORN BULLS COMPLETELY IN
CONTROL AT CHICAGO.
PRICE JUMPS . CENTS AND
CLOSES IFS CENTS Up.
Wheat Is Influenced in Same Di-
rection-PrOviSions Show
Strength.

Chicago. April Corn bulls had a tight
rein on the grain market to-day and easily
| sent prices soaring. Everything in the corn
situation Was bullish and with a good
show \of strength in wheat trade became
active. Closing prices for May wheat were
Sale higher; May corn l7sc advance and
May oats sc UP. Provisions closed 112QiOc
to lei.c higher.
Interest in corn easily outran all else Of
! speculative nature. The gradual advance of
the past week seemed to have been
IsfiSa q i ihs @srksi, for for s asGisiss
stocks in the southwestern marts
had given St. Louis and Kansas
KEY a SSon 1os aisu'n when = the u cahie IIii si Ena n,al,
strong and the Southwest was still stronger,
and was bidding eagerly at the relatively
cheaper article in this market, prices re-
sponded with visor. To augment the grow
ing bullish sentiment receipts were light.
The early easy feeling in wheat retarded
an immediate builish response in corn. and
May corn opened lac higher to unchanged
at 59ac to o9asc. Then came the report of
10000 bu. of No. 8 corn sold to go South
at only &c under May, and advices of re-
newed bulling in the Southwest. Shorts soon
got scared. anu. though they all covered,
they Jared badly all day. The common be
lief among traders was that stocks at ST.
Louis and Kansas City had been reduced to
such an extent that THESE places must sup
ply their actual demands in Chicago.
Scarcity of offerings accelerated the up
turn. nearly all the bull crowd keeping 4
tight grip on their hogs for further profits.
at times. though. because of the disposition
not to sell. Trade was not very large. MAY
spurted with broad advices, and. though
the day was short. it was no trouble TO
put &c on May. That option sold at 6l&c
and closed very stfong. Use up at Sic.
Receipts were 60 H Ws.
Q Wheat was inclined to lag early because
of precipitation in the winter belt. Cables
were strong and receipts light. but May
opened Amasc to lsdAc lower at 72ssc to
west. however. stated that wheat was not
improving with the rains. the subsoil being
piled since, spring had disappeared without
affording the necessary relief TO vegetation.
The bullishly inclined at once seized on
these reports and with the remarkable
strength in corn pushed prices up 1c from
low mark; Acceptances abroad over night
we're moderately good, = The s~outhwestern
that the winter crop wosila be p6ly three
fcurths, of that of a yssFsagosswhich was
Factor in the uptarn. Ma wheat advanced
proht-taking' The clos Est 'ftfi firm. Nav ~"
&c up at 7Siac. Receipts IS cars. none CON
tract; MINNEAPOLIS and Duluth report las. a
last week and 25 a year ago. Primary re-
celpts were 5000 hu.. compared to 39O,co0
last year. Seaboard dearances eaualed
$4,000 bu. The seaboard reported 20 loads
taken for export.
Oats.
Oats dimly reflected the strength in corn. Il
Trade was only small. out there was a fair
demand in sympathy with the general up
turn. May was bought freely by shorts,
who had misSivings because of the corn
advance. Bull traders still continued to
leave this option alone as much as possible.
but there was a fair demand for further
deliveries. and only a little for sale. MAY
sold between 49, T42kc and closed firm, Sc
higher. at &c. Receipts. 50 cars.