The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1904-03-13
BETTER DEMAND FOR FLOUR
HELPS THE WHEAT MARKET.
RALLY IN CORN STRENGTH
EMS FINER CEREAL.
Oats Firm Without Marked Gains
and No Extensive Business
Provisions Higher.

Chicago. March 12-Improved demand
for -four in the Northwest. together with
better foreign inquiry caused a strong
wheat market to-day. Compared with
last night the May delivery closed IRc
showed a gain of la1bc; oats ha9c and
provisions TIC TO soc.
WHEAT.
The unresponsive character of the Liv-
erpooI cables had a depressing effect on
the wheat market during the first hour.
The English market failed TO reflect the
strength shown in Chicago yesterday, and
as a result opening quotations here were
easier. May being &c TO &c lower. at 95I~c
to s'Ac: July was &c to sc lower, at 90a
sGssc. Another factor of almost equal i'm
portance was the probability of relief
from drought in Kansas and Oklahoma.
Inc Weather Bureau predicted rain or
west. Under these influences there was
quite general selling early IN the day.
May declined to CSC, while July was car
ceived from the Northwest at this juuct-
ure made traders forget about rain and
caused sufficient buying to advance prices
above yesterdays closing figures.
Large sales of fiourS0.0o bbls.-were
reported from Minneapolis and 10000 bu.
or wheat were reported taken at Du-
Iuth- The figures indicated a revived de-
NAN q lAA4OAI. loI
wheat for export purposes. a sharp rally
IN corn proved a bull factor in wheat,
starting shorts to cover. A dispatch from
Odessa claimed considerable anxiety Is be-
ing felt in regard to the condition of the
growing crop. The market held strong
during the last half hour. the close being
on July were at 91ss d91Lac. Clearances of
wheat and -four were equal to 1900 bu.
Primary receipts were $4,000 bu., COM
pared with 5000 bu. a year ago. Mime
apolis, Duluth and Chicago reported re-
celpts of 300 cars. against 3H cars last
week and 81 cars a year ago.
, ~ ss CORN. ~
An easier tone was displayed in the
corn market early in the day owing TO
lower cables and the weakness in wheat.
1t soon became apparent. however. tha
some of 1.-The bull leaders were giving the
market active support. On liberal pur-
chases of May by several prominent COM
mission houses. May delivery became con-
gested: the price rising rapidly There
was also a good demand for the July op-
ton. Unfavorable weather which will re-
tard the free movement of the crop was
the principal bull factor. The demand
sion and the market held strong until
the close. May opened a shade higher to
hG@sc lower at 52&c to Glsc. After selling
54lsc. July ranged between 5Ss,c and
5l&4c. and closed with a gain of sc. at
5ls.c. Local receipts were 14S cars. one OF
contract grade.
OATS.
Absence of any selling pressure from |
the leading long and a fair demand from
shorts contributed to cause firmness in |
oats. prices. however. showed only slight
gains, the light volume of trading being
against any decided change in values. The |
strength in wheat and corn was a bull
factor: The market closed steady. May
opened unchanged to isc. lower at Ale to
41isc. After ranging between 1880 and
4l1sc. the close was at 4iasc. July closed
Ss7kc and 3sl:c. Local receipts We're I1