The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1904-04-09
BILLIARDS. BRING ACTIVE
BUYING IN WHEAT MARKET.
FIRM OPENING OF CORN
CAUSES SELLING.
Oats Are Strong. Partly on Gov
ering by ShOrts-Increased In
yestment in Provisions.

Chicago. April s.-Rlizzardt, with an Of
ncial forecast Of a cold wave. caused ac-
tive buying of wheat to-day. There was
a net gain Of 4qTsc in July delivery. Corn
is up aS@sc: oats SC and provisions &c
to 121xc.
WHEAT.
Weather conditions were the chief con-
sideration with wheat traders. With
stroms in the West, Northwest and cen
tral valleys. apprehension was rife CON
corning farming operations. Apparently.
the fact that moisture was greatly needed
did not al first appeal to the majority
OF traders. The market opened firm. with
July a shade to lac higher at s7isc to
S714c. Cables, however, were weak, and it
was not long before sentiment seemed TO
change in regard to the weather. What
was at first regarded as a bull factor be-
came a weakening influence. Some Of the
big operators had wheat FOR sale on the
initial advance 1t was principally long
wheat and the selling was done seemingly
warranted a decline. Crop reports from
two private authorities We're bearish,
showing ar Improvement in the condition
of the growing wheat. For Z time there
was quite general selling. under the IN
fiuence of which July reacted TO e5-eI
$3.50. Later in the session the market
fdu q QUICK recovery y COIl NGNt NGo
predicted by the Weather Bureau. and re-
ports were received stating that the tenn
perature had dropped below the freezing
point in Northern Kansas. Adyices from
the Northwest were extremely hulltsh.
Heavy snow was reported to have fallen
in the Red River country. An advance
OF 1s.c at Minneapolis helped TO stimuI
late the demand for wheat here, unusual
activity resulting during the last hour;
st1sng 1' st ss,Assn4s; May rsass$d
at a5i4c. Cieararces OF wheat and -four
were equal TO l1iy so bu. Exports OF wheat
and -four for the week, as reported by
Bradstreet's, Were equal 70 l.S4,4" bu,
Primary receipts were ) $3.50 bu., against
a holiday last year. Minneapolis, Duluth
and Chicago reported receipts OF IA cars,
compared with holidays last week and u
Year ago.
Cnfavorable weather for the movement
caused a firm opening in corn, but there
was a stronger disposition to sell at the
improved prices. ard with little support
thu market soon weakened. the decline
was partly due to lower Liverpool cables
and partly to the inactivity of the leading
bull trader. Later. there was good buying
by a big holder = by provision houses.
scattered selling, however. nearly all of
the grain was lost. The ate strength in
Wheat caused 4 firm tone at the close.
SIC. After selling between 5llsc and
b2isc. the close was at 3if@gSl@sc- Nay
ranged between 5Sisc and SAC, and closed
at 5SIc. Local receipts were lh cars. with
Us OF contract grade.
OATS
Oats were strong en- local buying and on
covering by shorts. Weather conditions
favored higher prices, although crop re-
ports were moderately bearish. Small re-
ceipts and a good cash demand were
rrominent bull factors. Strength In wheat
war a late Influence. July opened I'M
changed to sc higher at Sss4e. to @sisc, sold
between S1S.c and $3.50. and closed at Ss'sc.
Local receipts were 30 cars.