The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-12-08
GRAIN MARKETS MAKE
BUT VERY LIGHT GAINS.
NOT MUCH TO THE SPECULA
TIVE SITUATION.
Price Changes Were Small and In
frequent and Neither Side
Made Much Impression.

There VAS no. much that was interesting
for either SIDE developed during the course
of the various speculative grain markets
Yesterday. There was but little life dis
rIayed in the local pit on change at airy
time Trading was largely Of a profession
al character. but at 20 time was II aS-
rressiye A fairly firm undertone was
shown. yet traders took advantage OF sew
eral circumstances. especially the lack Of
speculative support and The feeble response
70 favorable conditions, and succeeded In
WORKING prices off There was a
noticeable absence Of weIl-de:l1ed support
during the day on the part Of the friends
Of the different grains. hut. though the de-
pressors Of prices had little in their favor
they were not backward about making a
good play for lower prices, and nearly sue
ceeded in their object. The final net results
however. were in favor 81 the bulls. though
&, canno. be said that they had anything II
boast of. except in the case % corn, when
grain was In quite Il strong position anu
higher at the close. while wheat shower
only fractional gains and al 10 time during
the day was in a really strong position.
There were tines during the day when
things locked extremely black for the
friends O: wheat. hut Things frightened mp
and, although the improvements were In
significant. and IN particular those that
took place in values. the close vas some
what better than the actions Of THIS mar
ket appeared to warrant. What Should
have encouraged the bulls TO some tSsfes-
sive action early Is the day was the Uhte-
niabie strength shown ahro~d. -oF n
stance, Liverpool, after opening IA lower
than II closed yesterday. advanced ssi al
most irnme .ately. This strength was part
" due To the smaller Ar9cAt4ie Shipments
and ruuio.s % uI.iCIlatlc Io4bles Det"r5i
hoiianu ana for,us.i over the boefs. anu
wllCn Was SAID to be ~ - seI-oLs a. i4'~io
that the respective Mi.isters hau o0Si- Or
Gered home. Some cOntrad.ctcIy ATSentils
crop news was received. hut tae trade paid
no attention TO II. especially as Ai!t"crp
was reported hsc lO.e.- - YrIv,tto cable a's'
stating mat Berlin WAS OF equal 70 l-4c. IN
the other hand. Liverpool aip-aIeo 10 Dc
impressed by the oaq reports from Afseh-
tine, as 1t was up la and closed 50 bettec
FOR the day, while tarlS was &c 10 &c i1sn-
er. The receipts at primary markets, while
FALLING considerably below those OF a week
ago. Were 2lo,o.e gu. larger than a year ago,
and the shipments ..Ct 80 lars6 as they E@Ee
been, while the eieA:aLces from me sd
hoard were only np!vJJ bu. The strength
shown abroad and the siIIaii Argentine snip
ments had a good influence upon the mar
kets Of this country, and they all Opened
up firrner, though none of them quoted any
important gains IN prices. The opening hele
for May was iAc better at .3i2c. but TINS
tempted sellers and The market soon ten
back to 7S@sc. For some considerable tim.
after this the market held quite steady.
there being no fluctuations OF consequence.
Bearfsh sentiment, however, became more
prominent and the local bears took another
fling at the market. and, aided by certain
conditions, succeeded in working prices
down to 727.aasc for Mag, which proved to
shortly after reacted to - SC. Tnere was
nothing doing In either Zee. or Jan. these
being bid seL.c and ilc respectively
There was nothing OF a satisfactory nature
received in connection with the cash situa-
purchases at the seaboard beng bat . loads.
On this May went of to 13u13is. but later
there was a reaction. due to better markets
at other points. aid Nay sold back to -3l2c
and finally closed sc better for the day at
1890 sellers. Baltimore late reported a car
60 taken for France. The weeks exports rs
Reported by BraGslreet's were 3.iS2, 800 bu..
against 2,42s.oO bu- last week and 5,lS3, cel
bu. a year ago. Dec. at the close vas sc
better at 7ozc bid, AID Jan was unchanged
at &c bid.
There was not much to the local corn mar
ket OUTSIDE o: the strength displayed early.
which was due 10 the rainy weather on this
eide ana the strong Liver pool market, and
which counteracted the effects Of the heavy
Tece. pts at prfLfdIy ,Earheis. The shipments
from these marke,s were smaller. but the
ciearanceS We're reported at 6S9.G9j bu- Liver
pool closed with a net gain OF sd for the
day. There was some buying of Dec. here AZ
the opening at sc advance at 355sc. and bids
of S5ll.c for Jan. and. Of 5sa36 for May. but
which found no sellers. The market soon
got over its early strength ana eaSed Off,
MAY selling at 55s4c and Dec. being offered
at S57sc. The weeks export ciearances US
reported by Bradstreet's fell below the ex-
pectations of the trace, being but 5.3.l. O01
bu.. as compared with 4.So2, Vs hu. q week
ago and 3.Sl6.0o bu. one year ago. The eX-
port business at the s,aboard was % loads.
There was a Lite stronger tone TO the mar
ket late in the day. and Dec. sold at 81. sc.
which WAS &c up fer the day and at which
It closed buyers. Man was also bid S5.sc.
but that was asked at close. being hc higher
for the day.. while Jan. vas &c Up at 35l.c
bid.
The future market for oats was firm, but
again veIy quiet as tar as trading was con-
cernei. There were bids Of G.inc for Dec.
and PC for Jan. and oiLc for May, the latter
being offered for sale AT 2i24c
on THE CURR-Wheat easy: May sold
at 75l,a I3ssc: puts. l3sc to '3isn73ac: calls.
1850 TO 73i9c.