The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-07-20
MARKETS REACT
AND CLOSE HIGHER.
THERE WAS LITTLE BETTER
TONE TO SPECULATION.
Wheat Exhibited the Most
Strength and Influenced Corn
Slightly for the Better
Omca Re?uolic,
- FAan

,o,- s-,all q. weakness and Depression that
has b.cn the feature Of The speculative
situation FOR the past week "r ten days. The
Improvement was not much, hut still II was
~ Improvement and served 70 restore the
courage OF friends or t-e verious cereals
somewhat. Early events: IN grain circles on
Change to-day were not very interesting /"
SAY the least. The markets again presented
81 rather weak front, but wero without
changes Of Importance :nT some time after
they opeu... W for business Apathy pre-
vailed in the pit. g being practically de-
serted ~ times and the business transacted
was Of ihe smallest. In fact here was
I!ttle stir % speculation throughout the en-
tire day and as ga rs exciting features were
concerned. there were none. The change
in the situation was as unexpected rs II WAS
sudden and was due 70 tho declaration Of
war ry Huss,a oa China II not only gave
prices an upward impetus. hut snsivenea
pit Proceedings considerably. with the result
that during the iasr hs:f Of the session
husiress was improved materially and quite
a lively set Of markets We're had.
During the early hours the wheat mar
ket. in a graf many % rs features, WAS
q counterpart Of iuat or Yesterday ana
:he day before In other words. weakness
and depression were the CHIEF features. AID
one. from a bun standpoint. especially as
III" impression had gained ground that the
decline in values had gone tar enough. ard
reaction was due. \ change came later.
and j, was n decided ore, ana j. came e.
STAY. This change was IS Sudden - II
was unexpected. ANA was brought about
hY the injection ct war Ec@S. the an
Ecunc"menJ resnE made that Russia ma
formally declared Wa aE4in.' CHINA.
There We're other Strengthening influences
later. ana more bu.liSh market WIS Mi
messed f-au has been experienced Tor many
a long day The initial influences. IL IN"
shape OF cables. We're tc3Tlsh As they
showed that The strength eX'r.inS III Eng
fish markets Yesterday hf,. rItir-.y ii, =
Veareu over night and IN It, place Here
weakness ana lower values. both Liverpool
ana London being quoted ltsG lower. MS
started 10 ~tiil3<. rhh ti.r man rel "!'i1"H
sharply of 81 price. and sept. sold i lower
before the IN .age mentioned above Took
place HE opening trades mere III nc
etoys-Tia.s,eG option were AZ s-sac to &C,
July being cSered for sale NJ &c or, al
&c. and AUG. selling at use. There was
. Wild rush 70 .uy when The way news
was made pGbl,c. and Sept IL 10 time vas
lc and over higher. sei'Eg at 'ic. DULY self
ing at use 10 13-sc. and AUG Up 20 49,
while Dec. had buyers At i6;sc. EectlT- -
snd other items having effect upon the
market heretofore were lost sight OF during
this time Local receipts were again heaFs !
q $500 Eu. being l.SN" Au. IN excess q
those Of last year. ana the total ~ the t9Hs
w.AteT-wheat markets amounted To- +-ot'r
bu. against 52s,ooJ bu. week ago, ami
342ooo Gu year age. Spring wheat 20
ceiprs were again small
More strength was impaired 10 the mar
ket later by the news tEat PARIS was rom
the bulge that carried prices TO the best
figures OF the day. Sept. selling as high as
14lec. or 3.c higher than II closed yester- !
day. This report was corrected sh.Ttly
after BY the statement that instead Of an
advance. that market had declined and
closed li2c 10 AS n!sht have been eA-
improved upon by the fact that Liverpool
closed sd TO Id off, and every Continental
market was lower; except Antwerp, which
Buda-Pesth &c. There was total lack Of !
demand from: abroad. but the ciearances Of |
wheat and -four for the day amounted TO /!
against 1876. go bu. last week. Sept. worked |
back TO Sac and was offered n $3.50 sc. |
markets. \ much better toce. however. |
was displayed later ana stimulated by q |
bulge az Chicago, Sept sold here at 14'yg 4
&c and al the close was sc higher for the /
also. al 70 &c bid. Aug. sc better at 53Isc /
nominal. while December was tsg"4c up at
.6i41i&sC bid. There no demand On
foreign account and no export sales were /
reported at the seaboard.
Corn to-day was largely Influenced by |
wheat. opening weak and largely of IN price !
and then advancing with that grain later
on The hgher-priceG cereal was the chief !
working influence all through Jhe day. IN 1
fact. other faCtoss having 70 material OIL
isct upon values. There was a littl. better
buying, but as 4 whole the speculative trad
ING was Of quiet order. Receipts We're
Il1ht, being only $500 bsI. at " sstLTn mar
ket5. against bai-rn hu. a year ago. -. |
LOUIS Received 1850 hu-. aSains: ~. 80 hu |
last year Shipments were $1,000 bu- and
~1 Su.. making $4,000 bu. for The week
compared with 2..e5.p0 tu. fast week. The
early break IN wheat and lie I'D decline
at Liverpool. together with the statement
or the Cincinnati Price Current that a full
avef age crop or better was Indicated by The I
conditions. opened IN. market here 10 .0yar
Tor sept at 81, from which 1n.r. was a |
fuvther drop to 26a.c. The quick recovery
from this bad start was wholly due 10 the
reaction IN wheat on the declaration OF
war against China by Russia the fact thai |
Liverpool recovered LITTLE and close! only
10 on Tor the gay. having 10 a3I.raJ.iati.
fleet The market advanced to- S.5,c hid !
Tor sept. nom which il fiji back to s7l.c |
nut LATER, following an ur:u~n q; Oh ca.a !
Went up to $iA< U.'I:sc bid ard finally |
closed &c better for the day at SIC Yr4r |
curing cne Gay sod at 3ic and closed 1-.c |
l""rr at that. july Vas Lomina!ly I.c bet |
ter at S.9.c.
There is nothing now to be said abo,,t
oats, that market being more or less me-
greeted during the day. and especially |
cSf1y- Lac IN the day Sept. sold ~ g2IsfJ |
--'se. decline OF 'sHi.c. and at which e. |
rtose!. July closing n0Ininallv I,c on ~ |
sc. western market receipts were Ia ~ |
pa. against $500 bu. year ago incInJ |
ing J5.v9 hu. locally. a4aiIst ., -, hi - |
year Shipments amounted to iNa r.s) I'm
ana exports 10 1900 bu.