The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1902-04-27
WHEAT REGAINS SOME OF
GROUND LOST IN FURRY.
MOST OF DAYS NEWS DECD
EDDY FAVORS BULLS.
Corn and Oats Make Advances in
Frice-Trading Not Heavy,
but Tone Is Firm.

Chicago. ILL.,. April 26.-Wheat experienced
a normal reaction from yesterdays bad
slump and with numerous hullisb factors
behind it lent of its strength to other
grains. Trade was not heavy, but July
wheat closed sc higher. July corn IL
higher and July oats ,4aSc higher. Pro
visions gained l2,sc to TIC.
Wheat.
Deficiency of moisture in Kansas and al
most freezing temperatures In MANY parts
OF the wheat belt was enough to Start
wheat upwards at a good pace at the OPEN
ing of trade. To augment the strength ca
pies were hrmer than had been expected
and receipts. both primary and Northwest
ern, were small. Inasmuch as the shortage
in receipts has been apparent for some
time ana comparisons nave been made
against d short crop year. the bears became
discouraged again and shorts covered free
ly. Excepting rains every argument was
in favor of the bulls. Traders were of the
opinion that 1t takes something more than a
rain or two TO make a harvest. After the
initial upward impulse trade was quiet for
a time. prices fluctuating weakly. Concern
ing Kansas. Bradstreet's had d special re-
port. saying a three-fourths yield at the
best ana "a per cent probable was to be
expected. Weather forecasts had a bad
effect. Frosts were predicted in many of
the Western States and in Just the places
where warmth Is most necessary. Then
came the report of seaboard clearances oil
SIC, 90 bushels-eNceptionally larSe-and OF
"A fair outlook for export business with
France.
Prices worked up. trade became more &C
tive and the greater part OF YESTERDAY $
loss was regained. July opened i2c 20 &C
higher. at 7as4 a ,5isC to 75l2MI5dsc. advanced
TO T6a,c and closed firm, sc up. at 'oHsu
76i,c, Local receipts We're 81 cars. none oil
contract grades. Minneapolis and Duluth re-
ported 1853 cars. making a total for the
three points of 1856 cars. against ll3 last
week and 3i9 q year ago. Australian SNIP
ments were only I52.0 bu., against $3.50
tu. last year. Primary receipts were 2i7ft'
bl.. compared to Az, eco bu. last year.
Corn.
Brokers in corn reported the lightest
trade N that pit for Saturday for many
weeks. One explanation was the bad wire
service on account of the storms. which al
most shut off outside trace. Another cause
was the hard jolt specuiators received yes.
terday. and which they had hardly got
over to-day. What argument there WAS IA
yored the bulls. Wheat strength and nrm
cables aided in an early upturn. nut prices
We're very narrow most or the session.;
corscuuentiy there was little selling press
ure. The cash demand was good ara Ihe
was very bullish. st. Louis re,
good cash sales and more desired
than could be obtained In genera. Iothn
was without feature save its strength. JuIH
sold between 64M641sc and Si2c ana closed
firm, 4c up, at 6334c. Receipts. u cars.
Oats.
After a firm opening in oats, in sympathy
with strength in the other pits. there was
a momentary selling pressure due to the
rccen t heavy rains and thei- effects on th1
soy oats. Wien this pressure was r.
moved there was some respors Sc 10 IlSh.
demand, and prices advanced. July me"
sold between 31l.n3lhc and SIi4c'
and closed firm. A4Ssc Up at 3'AsaSfac.
po,a;,&, u-ara los cara