The St. Louis Republic., 1900-05-22
"a GENERAL lET-D0WN-
ALL GRAINS DECLINING,
WHEAT STARTED OFF WITH
SOME STRENGTH.
Corn Developed Weakness From
the Start and Sagged Off Con
siderably-Oats Lower.
Office Republic.

Office Republic.
Monday. May q. 1900
The grain situation to-day proved a great
oisappointment TO the bulls. A difference Of
opinion and a general lack OF decision
served TO check speculative demonstrations
q good deal this morning. and resulted in a
quiet. not 20 say, dull market and narrow
changes in price. Taken IN its entirety
however, sentiment on the floor OF the
local exchange leaned 10 the side. especial
iy where the hiEher-priced cereal was con-
cernea. which Was more or less under DON'T
mating influence of news Of favorable
ture these self-sanle influences. however.
having just the opposite effect on corn and
oats and the weakness shown by corn soon
had its effect upon wheat. particularly as
there was 10 buying support OF conse-
Cuence and the result was general decline
tu values. Dullness characterized the pro-
ceedings IN the local pi; all through the
session and with the exception OF the early
strength displayed by wheat and the weak
ness in corn. there were no features oc i'm
portance developed during the dag.
Wheat at this point At least made fair
ly good and encouraging start IN the dLrec-
ton of a further betierIrent os prices. be-
ing materially assisted by crop and weather
influences OF a bullish nature. The feeling
here was also bulBsh. but the buying sup
rort from the outside, which heretofore has
been a featu-s of the situation. was lack
fnS. Corn was Enthusiastically weak all
through the day. and a number of unta-
yorable factors coming 10 the front shortly
after noon. there Was let-down here. and
the close was at a slight less compared
with last Saturday. The mornings mali
and wire advices brought the usual large
h.a.. ,3- ha
sections that have heretofore sent them.
Gables were somewhat mixed, Liverpool be-
Ing up &sd and London isd off since Satur-
day. and both these markets reported quiet.
Statistical news was mostly pearish, the
worlds shipments being large at over g.
5tG, go bu.. though the Black Sea shipments
were only f.JN.to h;., and, whereas Beer
buhm reported a decrease in the amount
Bfoat, BrOomhau noted AZ! increase the first
named also wired some unfayorabls
weather and crop news. The fact that the
weather was clear and no rain had fallen
1n the Northwest. where ii was most need
ed. started some buying right at the out
Set. and july opened i-c higher at e7S4c
and dropped back 10 6,-sc, ana tnen Reacted
10 6Tgsc. Sept. brought &C advance at o>-lc
and was bid eSi.HHsC the Trst hour. For
some ccnsiderabie tune after this the mar
ket was quite without features OF particular
interest. Local traders tried hard TO bull
things, but the weakness III corn and the
fact that Chicago was aSin them. prevented
them carrying out their efforts successfully.
There was nothing in late cables to be Of
help TO either side. Liverpool closed at the
early advance o[ sd, and Paris WAS LA &C
higher. but reported fair weather, Berlin.
however, was up isc and Buda-Pesth un-
changed. a decrease ot l.Sao.v,v bu. in the
official visible WAS posted. as compared with
decrease of 56J.voD bu. Il year ago, and the
export movement 1t 70 @ foreign ports was mad
erately large at S,e1o bu.
y weakening off at Chicago toward the
wind-up Of the days market. die TO In
dica ticns Of rain in the Northwest. caused
longs here, ard caused the more tind 10
unload us rapidly as possible. and during
bring about decline to SIC for July, which
finally closed slightly lower for the day at
sellers. During the day Aug. was dealt in
az 61iEc. but at close was not worth more
than 564.c nominal. at which time May had |
sellers at 1oc, but was lac lower at 69S4c |
buyers. The export business heard of was |
Only one load at New York ana ,0Jo bu. |
No. nard by a local exporter.
The local corn market this morning was |
I'm very bad shape and throughout tn. day |
exhibited little or no evidence or strength |
in price or feeling. 1t was weather mar |
ket the conditions prevailing in the corn 1
country being SO perfect for the growing |
ence. All the news. regarding the crop |,
from the West was of the most reassuring |
nature. and 50 was that from other sesc- /
tons. white cables We're bearish. Country !
vices, however. indicated that the coun- |
:; was not III q selling humor and arrivals |
Tbeceiving points were small, the total for |
Incs. bu. a year ago, including S.lu1 bu. |
ern =. against 1890 bu. last year. West !
IL i.re.nents on the other hand were fair
x-are = at 6se5 900 bu and the cIearances 1
of q r,5rted at 4cJ bu. Other adViceS .
m. yfsihrstical nature were also bearish. |
ap5trSt % showing j decreasing S@S,tt3 bu-.
s. = - q q. decrease of s,l62.0Co bu. year /
II1 &C -, ~ amount aHoat falling off 5000 !
In ao-ubred with a decrease OF 54e,v,J
trfo,lL.s, 'o4 Hto. There WAS no speculative /!
,3ic9r - 90 ss.lS Of and this proved a han
tT, f,'-,ts st-is l1lliSh demonstrations right AT
on,;o,S - sti,- the result was that the July
f,yf 20 1900 f-l5c lower at SIC. and sold
nor,r <no,Ee tne srst hour Some later re
mers rara Ine cglntTy indicated that far
10 m, ,rt,a, looss.illfsy up and the movement
th,+ va increasing, this ana the fact
cn-n,nh liner markets Showed no signs of be-
wesL.H1 saindnseF. d the market here grew
.Jnjp, NJ. ela prices gradually eased eff
,ay o,ry was offered at 35r36i-r. and at the
ssir 1!so sellers Sole lower, for the dav ar
2 ys ,siay sold at Sjlec was offered at 3sasc
60 sn'; tiostd &c Off at St1sc asked There was
'@rte ,rh nlile trading In St15 at Sc.
sfaown 1sts in corn bearish Effect CT. upon 51ia
or orr tha at "a, Z. .1sc at Wsich they closed asc off
n aaTsets fts; wa3s Ths arrivals at wsstsrn
wear 80 22G00 bu., against 471,oo5 bu.
gains, 81 9. Co., Hnciuding $500 bu. locally,
eporred ~ .Asbu. last year. Shipments We're
u The " Sr3el go bu., but exports only Leo,
ea,nst a. f.sible supply decreased S6os0 i,u..
u increase of 213.0s0 bu- a year ago |
IT,. Trade Gossip.
b~at IL grain SlInrner.s NJ