The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1902-04-29
MORE RAINS SEND PRICES
OF ALL THE GRAINS LOWER.
OTHER FACTORS MAKE THE
MARKET ERRATIC.
Light Receipts of Corn Hold That
Pit TOlerably Steady
Provisions Down.

Chicago. April 2S.-It was bad weather
for the traders in grain to-day. Ever
though reports indicated diminishing sup
plies of old wheat and offerings in corr
We're still light. the crops were receiving
too much benefit from the seasonabie
weather to allow prices to hold advances
These variant factors. however. caused sew
eral rapid changes Of sentiment. In The
end. July wheat lost 1uIisc. July corn Ac,
and July oats AsGl2c. Provisions closed &c
lower TO 2i2c higher.
Trade In wheat was only fairly active,
though the frequent change of front of the
SPECTATORS made the tension somewha,
marked. At the opening the news OF gen.
eral rains in all the principal wheat States.
except Kansas, started wheat at a liberal
decline from Saturdays closing prices. The
Southwest sold literally and helped hold
prices back. Tn situation. however, for
some time seemed to favor the bulls. Ca
bles were higher, primary receipts were
still light. showing rapidly decreasing
stocks, and the Northwest bought we'll OF
cash stun and started an advance. Prices
worked up a little and were helped con-
~siderably by the remarkable decrease In the
visible supply-3, $4,000 bu. On the strength
Of this last influence July rose to .6Ac
after opening 2sIh to .2Gtessc lower at
15ac to ,6sc. The pit crowd, however, was
and the general weather situation and
fought hard against the advance. When re-
ports of more liberal offerings in the North
west by the farmers and Of rains in Kan
sas arrived. there was a renewal of the
selling movement that had weakened the
market at the opening. Prices steadily de-
clined. with active and heavy selling at
times. until July reached 75c. A show OF an
Improvement in receipts Though they are
stu SMALL. had a bearish effect. July
receipts We're g cars. l of contract grade;
Minneapolis and Duluth reported go cars.
a total for the three points of 2s cars.
against 81 last week and s5I a gear ago.
pared with 100000 bu. last week and L.
7S4-cOo bu. a year ago. Primary receipts
Breadstuffs on passage decreased S2,06o Blu.
Seaboard clearances i'll wheat and dOur
e0ualed 26S.060 bu.
Trade In corn hinged on the action of the
leading bull crowd: Influential buying pre-
course of wheat. although the break in the
other pit eventually had its effect. At the
opening prices were very steady and prac-
tcally no attention was paid to the gen.
eral rains in the Southwest and 20 the IN
responsive cables. Offerings were very
small and were readily taken as prices ad-
vanced. The leading house that is supposed
to be carrying twice the amount of corn in
actual existence. did some good buying and
was rather quiet the greater part Of the SEES
sion, but as wheat weakened there was
some active short selling and prices slipped
off. The marked feature of the market was
the good show of strength at the close in :
spite of the bearish weather conditions.
Sept. closing &c higher. July closed Ac
at GS12c. Receipts were improved at
1A cars.
Interest in May oats relieved the monot-
ony of a quiet market and helped uphold
the other options. There was fair buying
OF the hear option and prices advanced
cOmawhaf The generous rains however
increased the prospects from the COM
Ing crop. and rs receipts grew larger and
wheat and corn weakened. oats receded.
cash article was In good demand, but
there was something of a d spo.ition to ,
keep out of the market until the possibility |
Of a corner in May Is past. May sold 10
s3MG4Shc and closed firm &c up at 42Tc. |
July. new. closed Ss9Lzc lower at sc. Re
were 1893 cars.