The St. Louis Republic., 1900-09-13
REACTI0NARY MARKETS,
WHICH CLOSE AT DECLINES.
MARKETS WERE ALL DULL
AND SLOW.
Fluctuations Were Narrow and No
Special Features Developed
Aside From Ease.
Office Republic.
Wednesday, Sent, IL, 1890.

Office Republic.
Wednesday, Sept. II, l.S1
Concerning the general situation and the
movements I'm the various grain markets
during the day, there is very little that is
interesting TO be said. Both as regards the
the extent OF the pit dealings on change
and fluctuations in prices, the speculative
situation as a whole was nearly repeu-
tion of the dull. narrow and professional
conditions that have been witnessed ire
ouently of late. An undertOne of weakness
succeeding that Of the strength Witnessed
Yesterday was feature throughout the en-
tire day. One cereal alone showed some
thing Ike strength, and that was oats'
which showed gains of isc to '4c lor tue
day, but the two leading grains, wheat anu
corn. eased off, the former closing WIN
lnsses of from &C TO 1sc. This unsatisfac-
tory condition of affairs WAS in measure
due TO a lack of speculation, owing TO wire
interruption, caused by the recent storm.
preventing the receiving OF news, te!e-
graphic communication with various points
in the East and North 10 considerahte
extent, being either cut OF entlrely OF
seriously interrupted. There were orher
uGfavorable influences. however, not least
among which was the tame markets every
where and the extremely light speculative
interest shown throughout the day.
Wheat to-day made no headway towards
higher prices. On the contrary. the up
ward movement received cneck and prices
took a step backwards. The evidences OF
increasing interest in speculation. whlch
have been encouraging features OF the past
DAY or two, in this market. here and else
where was noticeahIy absent in to-day
dealings and in their stead came a dull mar
row and wholly professional market.
Largely result OF the general dullness
prevailing, the movement IN prices WAS
much Of the time Of a ntful and uncertain
character. with down tendency, Stlll there
were other causes that contributed 10 the
Same end Among these were the recelplS
Of spring and winter wheat, which still
continue large, but are expected to snow a
decrease i'll the near future.
The initial cables reported Liverpool sd
higher, bat London stated that buyers were
Indifferent. ON the other hand untaT lraple
weather conditions in the Northwest had
disappeared. being replaced by clear, cGoi
weather: Yet the Minneapolis market held
LII remarkably well. There was a ShSht
easing of here at the start, Dec. seiiinS 'sc
lowe at 1aisc. was offered at I5d iJisc. but
recovered TO 19isc. The combination OF bull
and hear conditions was not conducive 10
SPECULATION, neither side caring to be ag-
gTessive, and this was the case elsewhere
a dull. slow market characterized the situa-
ton Throughout the day. The closing Liver
pool showed u well-sustained market. which
was I2d higher for the day. Paris was s4c
10 lc higher, but no cdble acceptances OF
ket shipments were large, out the Seabuard
CIearances were small AT &I,vn bu. There
was pretty heavy realizing by longs on the
reported Gecline at Chicago, where II was
SAID there was heavy selling for Northwest
account, owing 20 improved conditions. The
market continued 20 sag and Dec. went on
10 7fI2c. Early in the day Sept. brought
.o@sc and Oct. was bid I3ssc
on the reaction that took place late in
the session Dec went up To only aissqHsic
buyers, and then broke away to I4$sg i2c
The cash situation here was far from being
satisfactory. No. red declining TO isc un-
Ger the Dec. option. Reports of % loads
taken for export at the seIboard impaired Il
little better tone near the close, and Dec.
went back TO '4s4c bid. which was lec off for
the day. Oct sold and closed l2c lower at
73l2c bid. May closing nominaiiy &c on at
1sc and Sept. sc down al FSlsc
Corn. like wheat. started eff in weaker
position. and, while changing but little in
price during the early hours; showed but
little evidence of strength The weekly crop
report Indicated satisfactory condition for
the plant, and stated that 1t would be be-
yond danger from frost By September d. |
whi.e cutting was making good progress, |
principal corn-raising States. The weather
vas favorable and the movement TO market |
increased the days arrivals at primary
81 .010 bu. a year ago, including S4,ij1 bu. |
here, against 81. 800 bu. last year shipments /
from Western markets were 2G.U bu., and |
exports from ports 100000 bu. There was no |
speculation of consequence INDUCED in dur /
ing the day in this market. ana early the
Dec. at isc decline at $3.50. There was a /
further let-down from this, that option going |
off TO 33lrc, then raliying TO Ssss9ac BID.
though at close IL was &c of for the day al /
33ssc sellers. Oct. early IN the day was he'd
at 9Gtsc. but closed ]ac lower at S6S4c bid.
while for year S3esc was bid. whicn was |
the same as yesterdays close. Sept. was 1
neglected and closed nominally i4c OF at |
39c. New York reported 40 loads taken for
export.
Oats showed up firmer than either wheat |
ulative demand. the rrst that mas been eX-
perienced for some time. Market receipts
Were S65.00o bu., against S51,o0 bu. one year
ago. ST. Louis received i2.4eo bu.. againse
q. .75o bu. last year. Shipments were re-
ported at 6i4,J]0 Du., ana the exports were
78.o00 bu. Dec. this morning sold lac higher
were made for Sept, and 2f4Qasc for May,
but latter was offered late at 24isc.
Trade Gossip.
"A carefully prepared statsment by the Lon
con stss5 ad on 5he wo,as sisaion n bresd,
nlted Kingdom. France, belgium. Germany, |
erIand and scandinavia VIII have to import Tor
the year iseo-isl Approximately. S2icoo9 bn, |
1s0c. The European import requirements for cur |
! ent year are therstote 2G.vot,so bu IN excess
msnd European coa;ltriss can probably draw at
s.soss from Bulgaria. ssrtia and III Turkey @ Gns Tns
statist figures thai tho United states can uniy
60 bu. must come from Austraiia. India. Can
ad1 and Argentina. India cannot be counted |
before May, and Canada and Australia for no. |
aver l6.Jo9.Uto d., that Argentina must apply
b9.J1,W" bu., and that country's crop near
made yet. |
in ITS --latest weekly summing up of crop con-
6;tons the Department Of agriculture Gays:
Hot, dry weather RAPIDLY matured corn, and
Gncer existing conditions the crop should be
practically safe from the frost by Sept IL. Cut |
ing In progress in all sections, and an excellent
crop assured In principal oru-producfng States. |
Late corn dryir2 in Central Kansas; seriously |
injured by drought IN portions OF Kentucky, and |
snort in West Virginia. Virginia, portions Of |
pennsylvania and South Atlantic States |
Droughty conditions retarded and in some states |
csus ed suspension Of powiRe for fall seeding |
IN Middis and South Atlantic states Ohio Val, |
I-E and Tennessee. In Illinois, Michigan and |
west OF MISSISSIPPI River seeding in progress, the
toll In fair condition although too dry in rs1r- |
tons Of Missouri. Early grain IN Nebraska |
Up and looking nicely
From the way receivers talk there sh.,,d |
shortly be seen another lapse wheat receip,s-t
!. b. crimson. whose hrDl controls a large mum |
bef OF elevators in the Southwest, in speakins |
OF the wheat movement. said he was surprised |
10 near rom his representatives at Fairland 1 |
a, that the run of wheat was about aver as |
II fashinc all finished. Mr.. Brinson expected a |
STEADY run for some time from Fairiand, which |
as one OF the best receiving points on nj. svs- |
TEN; other commission houses report a falling |