The St. Louis Republic., 1900-12-19
WHEAT WEAKENED OFF,
BUT CORN HELD UP WELL
WHEAT DEVELOPED WEAK
NESS EARLY,
And Would Have Gone Lower
Than Ii Did, Only
for Corn.

There was nothing OF an exciting or start
ling nature developed in the local gram STU
alton tanner and less Interesting mafhe'9
seldom being Witnessed. This was pafuV"-
lar.lv true Of the higher-priced cereal. wh'eh
aprcar.i 10 be honey cornhed Win "'ah-
ness. and during the day sold OH a"''e
sharply The cheaper grains. ahu esPec'"'-
IL corn pursued the even tenor OF Ihef WAY
and. while showing a good undert"ne oil
tirlnness neither gained or lost aiNthihS iii
,ri,a There seemed to be less than the
usual interest taken by traders IN the spe'-
ulative situation. and the trading In tae AK
rrsg,te WAS of che smallest. while. a. Tar a.
features Of interest were concerned. 'Here
were none. or at least very few neat Was
extremely weak. and only for the SGpp't
,.i,..n Iy corn there is no knowing: where Ii
would have gone to. The market was over
burdenezi with bcaTish factors. one OF the
most significant and harmful being the very
decided lack of speculation. "hIch, toSttN"i
with the large crop movement. had very
depressing effect. According 10 tne haN
hastings the receipts At primary markets
ed in round numbers 10 'to,V" bu-' aS
compared with s0l.0ue bU. a week ago au.'
Bag 0J. bu last year. In these were lnciuu'Hi
- 6At bu. locally. against 3i..eo Hu i Week
ago and 1900 bu. u year ago. lhere WIS
also an increase reported in the stocks here
in,. amount in store. being iS.".Nos bu. coiii-
pared with 2lgS. .siy bu. last year al TINS time,
80 that notwithstanding tilAi I-Nertu"i 90
bleS reported advance iheie OF 'ai' .il."
All other markets of the country Ntfe pt'
ter the feeling here WAS weak ana thc open
iu- for the NAY option l-lec on at 'Sc At
which there were sellers Tor some considrf.l-
bic time after. There was no p-NifiS sup,
port until the strength OF corn coHniehct
10 get III its work. wnen quite i.ir 1tihdiiu
deveIoped and 81 "a l5isc was paid lhlS Mt
lie squirt OF strength lasted but very snort
time the weakness underlying the general
IN
uation became 80 very soft ti.it an tiie gan
OF the past twenty-four hours We're WIZ,
out. and the bears had compete cohfo. oi
affairs and held 1t, too.
There was nothing receive, from the 9th
,r side that was Ie III, ielSt e1Courd sn's..
outside of Liverpool. wi.iCa rl3riet closed
with a gain of asd Ior TIE day tn:-i"n re-
ported the market :Cr "arsDes as cuitier
with no demand Ia peak ot. fariS Wc'
Quiet and unchanged ;iuI -tntT"rp "st low
cr And advices rom Snow were to the ci-
feet that the Argentine surplus W"uid ilot
he over ID per cent short ~ !iSI wear IL'S
and the ca bles stimulated the selling pr =
sure and May sold down to a2i@ft'sr. Tut
reacted. when the export ciearIIi"eS from
the seaboard of 22.a'U hr. were posted. al
sold up to 12S4c, only ID break 10 - 80 'ct-
the lowest price yet reached on the Ci"p.
There nothing in nra'istrests r"po-t
10 strengthen the market. II was eN-
tremeIy bearish, announcing an increase ot
25S2. 900 bu. in the worlds supplies. as
against a decrease a year ago OF l..
stocks east of the Rockies of f2.sJ
hu.. indicating nearly 5000 bu. increase at
outside points as compare with the regu-
lar visible. There appreciable de
cline on this and some buying coming tu
the front, the May option went to :. &C
hut later another soft spot was developed
and that month went hack TO 12l-ussc, hnal-
Is closing ssHlzc off for the day at az SC.
Jan. closing sc lower at .lc nominal and
Dec l.c down at s1rs asked. An improved
cash business was reported here and at tn.
seaboard, the latter reporting :: loads
taken.