The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-05-29
NO IMPORTANT
CHANGES IN GRAINS.
WHEAT WAS DULL. NARROW
AND UNINTERESTING.
Speculation in the Cheaper Grains
Extremely Slow, but Markets
Very Steady.
Once Republic.

Inc speculative gram SITUATION MS
morning was a dull. dragging sort OF az
fair. but es this has been The case FOR
some time q late. It was. therefore, rot a
surprise 70 tie trade, though it had a bad
influence upon values. There WAS a notice
able lack OF aggressive action al day on
either side OF the account. which IL ex-
planned by the tact tina. with both bulls
ard bears alike the disposition was upper
most TO await further news and develop
ments. In Tire early PIT operations on
change prices inclined neither up nor down
End mos. Of the time remained where they
closed last Sa-urd y or opened this morn
tng. Later. however. taere was a more
definite course assumed by the two leading
cereals. ana IT was in the direction Of 4
better.nent In prices. Still the gains were
Insignificant. ara at the close it was found
that no grear impression had been made,
so they closed, in most instances. the
sans. as en- she last day OF the week be
Sore or a small fraction higher. The days
developments were al TO time o. a char
acter 10 cause any stir IN the markets. and
they were practically featureless and SLOW
ell day.
Local sentiment apparently did not favor
either side OF the wheat market matrial-
ly this morning, and an extremely slow and
narrow condition Of affairs prevailed FOR
some considerable time after III. opening.
So narrow WAS the situation. in f3ct, that
throughout the entire day prices dli not
vary mere than "a &C in the leading s2.cu-
lative option. while the difference between
the top and bottom Was only iiI@.c. The
market was Il slow and sluggish one from
start to finish. Outside intsres, was prac-
tically nil and the professional room trader
appeared 10 take little interest in the situ-
alton. and the pit at times was Amos. de
serted. The early news was no; changed
IN character TO that usually received at
this time IN the week and consisted o. the
regular statistical Information and weather
ana crop reports. This information WAS
moro favorable 20 the bulls than the bears.
but was not sufficient TO arouse anyth;n,
like enthusiasm among the former. though
II oId nave a tendency - check any 1tspo-
sition to sell. and a fairly strong Under
tone prevailed most of the day. which was
:ot the case elsewhere. The weather man
showed rains in Minnesota and South Da-
Eota. but none in North Dakota. where il
was said 10 be most needed. There were
me regular damage reports by fly from IL
iinois. but the foreign situation was dui4t
and cables reported Liverpool and Paris IA
aad &c lower, respectively. The worlds
shipments wee S,ltVoy9 hu., or 1908 ~, br
smaller than those of last week ana sg.o
bu. less than a year ago, the Black So,
shipments also being small. and there WAS
q decrease aGOat. against an Increase last
year.
The market started off quietly with h,v-
ing ana selling about a stari,l-oif and neither
sac IN the least aggressive. July opened
right where it closed Saturday a, c-Isr. huf
improved a little. selling at G.%aG17.c on
Dlyins. For Sept. 6SI@ q6S7sc was bid The
failure OF a New York house caused ,JuIv 10
itli or 70 t.gsC and Sept. was offered a,
,o;$c mere was little that was encourage
OLE, BeTln and ANTWERP showing no change
ai.a Buda-besth IC lower, while Ifyarn1oI
was tsn OF ana london unchanged. Clear
ahces were only %0I.Do bu.. ard the Visible
decreased l.JJS.u9 bI. and beyond exnart5o
Ions. During the balance Of the session
stated Ii that th rslsa adr issy quiet; Exporters
aging, bat the seaboard reported % load.
me cash business was dull. July went of
s.t2G6'-sc. and ciCsed same as Saturday nj
&c DIG alay sold AZ and closed &c up at
.V2ec and Sept. sc better at 6ss.c.
Corn throughout the dav WIS in n-a.tv
TO say, was duh speculatiyeIy, changed
steady front from the lime il opeS,d mil
II CLOSED. Weather conditions We're favor
able for the growing plant. there bsiag
on!y a light fail in the Southwest, vhero
there has been too much already. or the
Liverpool reporting 81 decline in flt.~cs
and 20 In cash, and they, with the waatI.er.
~ AtA liAS mar RET on DGIi-. .lIi. selling
sc lower than 1t closed SATURDAY az "a
mere was no Increase shown IN -rrajDts
ana acNlCes were "a The effect thar n.
country WIS not selling so any extent. Re-
celfis az Western markets were J25.tgO h1.
agalnst e3i. 80 bu. one year ago. Including
$500 bu. locally, against I4T- 10 hI I..f
year. The total shipments were $4,000 5u
and the export c~learances $500 bi. Thor.
was q decrease IN this ~counrry's visible Of
S.oio,VSe pu., against a decrease Of lis FfD
DE-. last year, but the amount on uc@.n
passage was increased S,ov 90 hr. ag3frSt
I,i-u-op -Du- Increase a year ago. Dlriu. H.,
entire day the market for July did nos grt
above 3o4c, though 2ozu 252sc was once b.i.
but II exhibited "A good finn undertone, Ey-
port sales were SAID 10 range from i TO 80
loads. indicating that foreigners We're again
In the market At the close here Ju!g WAS
l-ltc higher Tor the day. $iisG2el.c Nh. but
May and Sept were unchanged az 3f2.c and
S6.sc respectively, the latter selling at that.
The future market a: this point fn- oats
was very. dull ard not a single sala was
made during the day. Early May had sell
ers at 23l.". July at 2li.c and Sept. ut @Ic.
but later 2li3C was hid FOR July. Receipts
ct Western markets were $4,000 bu.. against
1900 bu. last year. Locally q 200 bu. ar
rived. against $500 bu. a year ago. The
shipments amounted to $1,000 bu. nnt there
We're no exports. There WAS an increase tn
the visible supply OF 11.0J9 bu., against A
of 1900 bu. last year.
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