The St. Louis Republic., 1900-09-08
LACK OF SPECULATION
CAUSED RPATHETIC MARKETS.
DULLNFSS WAS THE CHIEF
FEATURE OF THE DAY.
All Grains Suffered Alike ana
Price Changes Were insig-
nifcantly Small.
Office Republic.


There WAS not a really new ~ interesting
feature 10 be n ;iccd iu speculative grains
today. There was noticeable lack OF
speculative interest sit wn. and more apat-
thetic markets have seldom been Witnessed.
The markets al. through the session Were
Gull and stupid affairs, and much Of the
time were without q single roaGcmi!lS fed-
turc. There were several periods wivA val
lts were practically stationary. moving
neither up nor down. Occasionally they
would he aroused from their seeming stu
por ty some news uf "a stimulating nature.
but the changes that took place were small
ard narrow. This was particularly true of
corn. which was practically a dead one"
- times. showing no speculative life "r an
imation. Wheat did a little better hut not
much. trade being light all through the
day, operators apparently holding Off,
awaiting further developments. with the re-
suit that there was little stir at any time.
The close in al grains was siGw,wiih wheat
lice TO &c better. but corn was that much
OF. while cats were 11a to i4c lower for the
day.
It Was evident from actions Of the market
that speculative sentiment in wheat did not
improve any over night, as on the Tesump-
;ion Of trading this morning there was
shown Il decided lack of speculative inter-
est. and after = very insignificant rise right
nj the opening prices commenced TO sag
and for some time thereafter continued 70
urOor This was somewhat surprising, IN
view Of the fact that there Were several
developments. which, under ordinary cOndi-
tions. would have eGcrted strengthening
influence, but which to-day We're not i'm
prCsssye enough TO cause buying u any
great extent, and prices We're but slightly
Influenced. During the entire day the flUc-
;uatlons in prices were OF the narrowcst
description, the widest range being only
sc, which WAS tie difference between top
and bottom prices. the former being 1Siac
and the latter ,5isc for Dee The most sig
uificant i-em that confronted traders this
morning was the shipments from the Ar
Sentine, which were largely OF from those
Of last week. one report making them only
100.uuu bu.. another 4.-,JJ bU-, the former
liahle.
Taere was a small advance of I'D at
Liverpool said TO be due TO this report.
Our market opened only l-I6C better at
.s5sc tor Dee. ana at assQ12c hid -or oct,
but this Improvement, small as il was, did
rot huld iOr any length OF time, develop
lnents arising that Had a weakening ef
iect. The most' impressive OF these was
wheat to the markets. Arrivals at this
POINT were lvJS+c Du., or over $3.50 bu. In
excess Of last Friday, and 4l,519 bu larger
thih Il year ago, tnicago reported ohhes
bu-. against 54i,ctJ week ago, and SO,Oco
bu- las. year, while Kansas City had in
.5l,o0O bu-s as compared with 2lS0j0 and
li5.v1J bu. respectively Northwestern re-
CelptS were also larger. The decline that
took place sent Dec. 10 7Il.o and oct. to
ut-c. Adv!ces from the Continent were not
q: Character to encourage trsIding opera
tons. cables reporting i.c decline at Paris,
ana sc at Berlin, Antwerp was again un-
changed. and Buda-pesth lsc higher. The
export ClearaHces from the ports were once
more small at 27S,OD bu. Speculative trad
lEg iii the local pit continued small but for
some unexplained reason there was fur
~, ard Dec. went up to t3irc, 9lLc being
paid for Sept. though later tic was the
pest price oDtaina bic. There were 1900 bU-
of this option delivered on contracts during
the session During the balance OF the
uay's session, the market was dull and list
less, with no changes OF Importance in
values, Dee. did not go below 73iSc or
above I3sqtzc and at the close was 1-i6c up
for the DAY ut s3ssc buyers. AT close Sept.
was isc better al 1lsc bid, and oct. I-l5c
higher at 72c bid. The news on cash was
not SO encouraging as it has been. New
York reporting but IL loads worked for ex-
port.