The St. Louis Republic., 1902-03-02
EXCITED OATS MARKET is
CENTER OF SPECULATION.
PEICE Is Up TWO CENTS IN
COURSE OF DAY.
Closes Fractionally Higher
Other Grains Lose Ground
in the FURRY.

Chicago. March 1.-Aa excited oats Earks.
held the attention Of spectators in grains
to-day. Alarmed shorts covered SO hurried
ly that May eats jumped up ec. and Othe-
grains strengthened on the Influence A
sharp reaction followed, and May wheat
closed SIC lower May corn 3.f.sc lower ani
May oats only @s9i:c up. Provisions closed
q shade to 59.i2c lower.
Oats.
The early furry in cats WAS the outcome
o. report that the heaviest holder CT
May oats was ordering No. = mixed oats out
OF regular elevators for the purpose OF
shipping - much as possible of contract
sjcci cut of Chicago. Shorts regarded this
as a challenge. and for the first hour there
was lively scramble to cover. There was
scme fear that an attempt was being made
To force values before the Government crop
r'Dort. which is; expected ,iarch To- Re-
oeipts continue slow and there are no in
Gi-ations that point to an early increased
movement. Storms are breaking up the
reads. These influences aided in the manip-
ulation which cid not come entirely unsX-
p5ctediy. Nervousness prevailed all morn
iEG. and the trade Was heavy. May opened
&c TO l2c up. at 4sNsc to ioc. eaSed mo-
nentarily to el4fs.c. and then went up
ward with quick jumps to 1870. One buyer
got nearly l.oVeS9 bushels at the high fs-
ure- Later me market quieted down. and
an a of ifss S ee
4ii:c. and closed still firm, >sf;Ixc higher. Ut
iI'sI4Jc. Receipts were 81 cars.
Wheat.
Wheat was active at times. but with a de-
clining tendency that was checked by the
strength early in the coarse-Grsin markets.
The range was small and trade not heavy,
and. all told. there was little of Importance
doing Damage reports continued TO come
In from the Southwest Eut the CROWD was
slow 10 believe them. aEd on the heavy
rains the feeling was inclined 70 oe oe3rlyn,
English cables were rather trm and inc
sharp bulge in oats and the corn Strength
helped an early frmness. The OUTSIDER vas
buying moderately. but the prevailing sehti-
nlent seemed to lack confidencs; Sellers at
the same time were cautious There was no
demand for cash wheat ard there was noth-
ing sisniiican, il receipts May opened :,
shaSie higher 10 4 shade lower at &c TO iSasc.
held steady near those prices the hrSt hcu.
or so. and then. when corn broke, e'sed o,t
to 1S1.c May closed easy. sc lower at .ttx1
I,a.c Receipts were - cars. none Contract
Minneapolis and Duluth reported S9S cars I
total for the three points OF cssinst ;s i. S S,i
compared with 52a19 4 year ago. Seaboarc
ciearances equalcd 32Sooo bu-
Corn.
Corn was active and somewhat nervous.
Early in the session small acce ptance:;
over night and HIGHER Southwestern mar
kets f:med the market. Cables were slight
IL higher but were Disappointing 10 bulls.
as were the increased receipts But the up
turn in oats held corn 10 its strength. and
Nav opened IsEi1,c to a shade lower az
sassC to s2isc. Fluctuations were narrow
icS, after the opening and May sold up
only TO ssizc when oats were al their high
est As soon as oats started to- react. corn
holders besan to unload, and the market
turned decidedly weak Stop orders zane
out freely around &c: The cash demand
was drlI. and although the weather In the
West was still stormy. country oierinss
were l:bera'- May broke. the offerings be.
ing taken mostly bv shorts and holders OF
pr!yileces Nav sold as low as NC and
Closed heavy and weak. S.T.sc iowers at
Csc Receipts we:e 4t cars