The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-10-03
SPECULATIVE GRAINS
GIVE WAY TO WEAKNESS.
GRAINS STARTED WE'LL, BUT
SOON WEAKENED.
Prices Declined Sharply Late. the
Feeling Became Very Weak ana
There Were No Reactions.

Office " the Republic.
Thursday. oct. >. 1850.
To-day was a decidedly of day in local
speculative grain circles in more ways
than one. and the fual winl-up ~ al the
markets was about ~ disCnuItEing, ir"m
a bull point. AS il could well h'- There
WAS no uncertainty aauUt the general SIT
nation at the start. and for some CurSid'Ta-
Bile time after, all the speculative markets
showing quite a bull uudsrrone and upward
tendency 10 values. whicn resulted In "a
Very good advance. Later. however, there
were uum!Stakablc signs Of weakness, ana
some time before the close prices com
menccd to give Way To uniaVorabte cohdl-
lions. The early gains were soon wipe"
out and the final figures were largely low
or for wheat but only slightly so for corn
while oats showed almost as much "f an
Improvement as corn did losses. Wheat
traders were confronted by some very
strong news this morning. the best h"inS
that from the Argentine and the Norm
west. The send-off WAS easier. not"ltH-
standing that Liverpool cables reported a
very good advance there of sd, bAt as
The receipts here were lao. go bu.. exceeding
las, Tuesdays by 5000 bu. and one year
ago by 1i.Oo bu.. and local stocks sho"eu
al,au bu. increase. On the strength OF
THESE agNlNtS. ali'AS N"S
stuff thrown upon the market at the OPEN
ing. and the result WAS that the Dec. OPP
ticn opened lsc lower. al I|cc, ana wen.
down 10 767sdI:c. There WIS Yer! S"ou
huyirC at this decline. and it was not long
before the market was heading The DINER
WY Tn. bull card. the weather IL the
Northwest, was again brought into play,
REPORTS coming from there OF hutn run
and snow, and private adNlces stauhs tiidt
things were IN Il NotSe Lammr. nf
ever. No increase in the movement %
spring wheat TO the market Was '" Mn,
roted, the arrivals being fel cars at Mn
neapolis and Duluth. which was o. Tals
less than arrived there on this DAY ldSt
week, and o69 less than those OF last year.
NIinneapolis responded to these conditions
with an advance. millers putting up IN
price of -four lec. The Argentine adElCts
added to the strength. the reports rum
there being to the effect that the crop IA
the North had been badly dainastd ~
rains and the growth was Tanh, IN mick
ly recovered its earlier losses and mount
ed TO as high as IGa4c. the pesI Pime "a
the DAY. but the heavy selling enc"uh.sIet
caused a break to 76asc. from which there
was another bulge TO ,6S4c again Ma
was also better ana sofa az oc O|
higher than il closed yesterday. anu -
VS. salable at 75c. For a wonder. the late
cables from the other side affordeu solie
er for the day. Paris was Reported us
changed for wheat, but WAS 10 cehilihes
lower for flour. but Antwerp was sc n@t-
ter and Berlin lec higher, Inc ihoNe"lsie
of flour and wheat abroad from the sea-
board was again liberal at 'oZ."e Du.
IT, ..,,;,g nressure was the feature dur
,ne The balance of the session. and every
time the market showed signs OF feacniu9
and b-iyers found more than they wanted
for sale. Naturally. prices could NOT S prnh-
this. and gave way; sSp1Giaii n showing a
large increase OF 4.31s.00 bu: in the Woflu :
visible. as compared with l.55i.Vo bn; n
crease one year ago. The increase OF "a
oua On ~, cast nf the ROCKIES iuA'dltA
49, noints outside of the regular visible
had increased their stocks l,eiS,Wy ~, -
aIm ar home or abroad. and prices con
finued to weaken. Dec sold on 10 Us,
which was &c LOVER for ,n ,re sellers IIs iac of
", snLc huyers and Oct. lkc lower at 1ii2c
nominal. At last reports, the DAY : eApo''
clearances were sS5'Vo pu.
Weather conditions out West enter
largely into the calculations OF corn opeia
tors this morning. and the low barolne,el
toeether with the reported rains in diriereh,
localities west of the mississippi anu n
prospects Of continued pad %ea.a a fnrthei
added to by advices received from 'nt
country that farmers were selling M1.ie =.
their crop, country acceptances being eH
ceed,nely small. In fact. the posting OF ar:
rivals at primary Western nSrks5 n IN nne
but ISL ESQ bu,, as against ISL" - S go bm
here. against 107. 30 bu. last year; Inc s9.a =.
shipments to-day were reported at 49,
hu and the cfeardnctS 10 rop.VV W"
were encouraging. Liverpool coming hT ni
and nd higher. Although. as usual. pI
trading was light. considerable strengu
higher at g1iac. with g7l4q315sc bid shortly
after. Dec. opened l-l6c lower at 5fc, am
was then bid $saSa,ssi ahe t S5ostfs ' viii
Bradstreet's report showing an increase o
6ss.O 600 bu. in the available supply of mn
country. which Is $4,000 bu. greater thai
the official visible of last week, had an un
favorable effect upon corn, and Dec. sol'
off to sac and closed sa-G io% ~fs a Tor =,
nominal and Oct. ha14c down at ST4a3'2s
bid.
The local oat market. owing TO the grea'
strength shown by cash, held firm al
through the session. and did not weaken
i-isc advance at 23Isc. and May was y
higher at 2i5sc bid. but there We're no sell
ers. Oct. was nominally unchanged at SSc
The receipts at primary Western :narke,t
were SIS. 900 bu.. against 6o1.0)0 bu. last veal
Including IS. 400 blu. locally. against E"'
blu. a year ago. shipments We're b'l'v" 1u
and export clearances 1900 bu.
ON THE CURB.
Wheat easy. Dec. sold at t5a.T15..c: puts
sbIrc to 75sc: calls. 76l.c to .slsa7Sl<c.
Trade Gossip.
In their latest ist,srudated sept se-t9 J.; II
write in q more bearish strain on the whea
s.,.a in fairly Thys .s ssk s1slitH condition GhsIs ann sna farm
ers showing more readiness to market freely. bu
efiIl not possible to mill new English wheat !
large quantities without a mixture of foreig
wheat, and some white wheat cargoes taken io
that purpose. Business mainly in these whit
Wheats. first hard transactions In red only !
occasional pasce.s Odessa in near positions. or
Few cargoes La Plata. 1t looks. they say, as
La Plata offers Of old wheat would become moT
numerous as the new crop nears. Prices aske
first hand by North America, the Nicolney an
Azof districts and Roumsnia were too high an
most business in these by resellers at Is to Is .
under frst-hand prices. Consumers bought fairl
from second hand and stored in Hull. and pal
ticulariy London. Their warehouses pretty ful
but Bristol Channel stocks gone down. consider
ably, The English crop returns prove this year
harvest below last years. both in quality an
quantity, as also in North Of France and Russii
Argentine reports favorable, a crop exceedin
last years expected In Australia, with some bus
ness for Dec.-Jan. shipment ALREADY done. an
in India everything going on well. They repol
corn very firm. hut the United states shown
more disposition to sell. The Argentine continue
very reserved. and in Roumania old corn scar,
and new not yet secured.
To Bartlett, Frazer & Co: We have
cablegram this morning from our correspondent
At Rosario. Santa Fe. saying: Wheat crop
the North is not as good as it was. Reports
damaged by heavy rains. Crop in the south
better. Yield of the new crop Will probably, I
Door. Generally too much straw and Weeiy. Frl
weather risks. F1axseei crop is very good"