The St. Louis Republic., 1904-04-26
GRAIN VALUES SLUMP
AFTER SHARP ADVANCE.
MANIPULATION RULES THE
MARKET.
Longs Buy at Opening, but Later
Sell on the Upturn and Closing
Prices Are Weak.

Longs Buy at opening, put Latef
Sell on the Upturn and Closing
Prices Are Weak.
Grain values opened as though the bulls
were going to cash all the checks. There
was an abundance of damage talk AID
many reports OF excessive moisture in
those sections where only few days ago
water was the one thing netdful Iae
effort to twist bearish into builish news
was a trife overdrawn. and toward the
end of the session there was sharp reac-
ton on weak cables, lack OF export de-
mand and liquidation by the longs, who
worked the early advance. 1t was a.
manipulatiye market from start to fn-
iSh.
The visible supply Of wheat the past
week decreased 173 40 bu., against a de-
crease OF 10000 bu. in 1903 st. -.ouis
stocks decreased 1900 bu. Total visible
supply 81. .ls6. 90 bu.. against Sl36s.G9 Du
a week ago. and IS, ,5So.o9o bu. in lsS.
Wheat on ocean passage aftoat for Eu-
rope the past week estimated at 4oss,;-
OU bu., ae against $1,000 bu- a week
ago. Increase 3,eUO.o0o bu. Broomilau esti-
mates increas Sc at 10000 bu.
the past week reported at i0dieU bu;
as a.anst $4,000 bu- week ago, and
IL, $50 Blu. in 1913. The Continent is said
to be taking the larger s,.I, percentage ]. Oh
July wheat opened 3sc off and sold at:
sossc, sasc. s0fsc, SIC. siisc. sc. sl;sc Ats.
sofsc. As.c. Sol1c, Ssisc. Soisc. soc.
Corn showed some early strength in line
with wheat. Rains threatened TO cheek
the movement to market, but other conoi-
tions were most bearish-
The visible supply Of corn the past week
decreased 3y2.000 bu.. against decrease OF
$1,000 bu. in 1903. St. Louis stocks de-
creased Ise0D bu. and Chicago Increased
s.Sss,o0o bu:, against, s.gss:eoo bu- week
ago and 1.1s4.000 bu. in 1873.
Corn on ocean passage affoat for Europe
against aga 5000 bu. a week ago decrease
6s0,W0 bu. Broomhall estimates decrease
| at l,150,1o0
| past week reported at .Ji 30 bu., against
l;ss4.00o bu. week ago and 2,s-S,W' bu- In
July corn opened sc up and sold at:
46tc 4sasc lsa4c 1850, SIC, 4sisc is5&c. 4Sssc,
| Ishc. 4ssse. 1sl.c, isIsc. 4sc.
Receipts Of wheat at St. Louis 1900 bu.,
| of which 1S4 SKIS. and 5l cars local and
cars through, against o, 2es bu, OF which
3I2 SKIS. and Il cars local ana 20 cars
| through, in 1865.
| Receipts OF wheat at primary points
| $4,000 bu.. against iSI.eo hu. in 1903, and
/ shipments lsi,u6 bu., against S12,sg9 bu.
| cars in 1902. Chicago received ESQ bu.
and Kansas City oo,sN bu. Ciearances
| 81, 600 bu.
Receipts Of corn at ST. Louis g 325 bu..
| Of which $50 SKIS. and Is cars local and
| 8 cars through. against 10S.S25 cars local
| and q cars through, in l90s.
900 bu.. against 26l 90 bu. in 1903 and
shipments 1900 bu., against 59leo bu.
Chicago received A6.Ico bu. and Kansas
| City 5. 100 bu. Clearanees I5.co hu.
Receipts OF oats at st. Louis 0i.90o bu.
| OF which "a cars local and cars through,
as against 1880 bu.. of which 4 SKIS. and
| q cars local and 10 cars through. in 1893
| Shipments 35,SO5 bu.
| Receipts of oats at primary points 3d.
| 900 bu., against $500 bu. in 1888, and
| shipments III, 900 bu., against 5O6 600 bu.
| Clearances 15,050 bu.
| The visible supply of oats the past week
| decreased 4SS,uW bu., against an increase
| of 260c0 bu. in 1893. ST. Louis stocks de-
creased 5000 bu. Total visible supply 81
| $1,000 bu., against l0.5Jo.GO bu. a week
| ago, and 6,5Oe.0O bu- in 1873.
| Cash Grain. Flour, Etc.
asd Ia ssmps PIE DEL 40 a- red sold a.
saa i e. ss nd
tainable for choice: No hard At sOasec: 40;
Nav ssaed red 0hsfed IN store at s$
CoRN-By sample. del: No. at ss,sc local
| No. at 4Sc local and offered at that, No.
| at 45c local; No yellow at Sic local; No.
| yellow at si444ac local: No. white at sot
| local and 5oiatT5lc destination: No. 3 white a
&c local and 49, a4sc destination. From store
No s1,e eme,sd AT, sS May Prise and unsoid. sos
| OATS-Ey sample DEL: No. at 4l64iisc: No
| At 3sc: No. nominaiiy 3iI5sc. No
white 45a45isc: No. whit. sold at is.-ft 441.c
| No. white at &c for poor, $50 for shipping
| 41l.c for local. Standard at A..
| RIE-Nominaily at Csc for No. and 6oc fol
| No ).
| FLAXSEF!DANominally SIC.
| FLoCR-Red winter: Patent q s5ii5. straight
s. Iyt4SU: extra fancy s4 55G4 e5: clear at 81 >;
| a4.10 foregoing in wood; low to medium
grades at sa.1JI3 % in jute. Hard -four in jute
sks. Patent sa.soaI15: straight s. s5G3. %: cleal
| S.la93D; extreme low grades a: s. esa3- 20
| for lots In wood from first hands trk or depot
| this side Orders higher.
| RYE FyOUR-Pure. tobbiHg way, at $3.50 ir
tute SKIS. and "a. 20 in wood: mixed and inferior
| CORNMEAL. ETc-F o. b.: City meal al
| $50: grits. hominy and pearl meal $50.
| their own figures Bran in Ices would readily
| bring Ssc and mixed feed soc and probably more
| At mill bran jobs at S9Is5c and ships at 81.
| HAY-Ma-ket basis E. TIKI Tinothy-Choice
| SIC. 50GH: No. 81. sou II; No. sl0nI1: No.
s7a9 Clover SIC. 5S6fll for light and ssG9 30 fol
| heavy mixed. Prairie-No. or choice 3.5ea 10
| No. z $3.50: No. or low ssalo-
| STRAw-On trk.: Wheat and cat Ss6s.so.
| LEAD-N49
| SPELTER-S505 bid.
WHIsKY-Quote on basis Of sl.a2a gal fos
spirits.