The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-07-31
SLIGHT CHANGES
IN GRAIN VALUES.
TREND OF WHEAT VALUES
WAS AGAIN DOWNWARD.
Wheat Was Erratic Early, but
Corn Held Up Quite Well,
Speculative Trading Small.
Office Republic,

Office Republic,
Monday, July 60 1850.
The chief feature of the grain situation
at this point to-day was the continuation
of the weakness that has been so ConSpicu-
Gus for at least month past. and when
has characterized all grain markets anu
wheat in particular. 1t was hut seldom
that encouragement was held out.weallness
generally asserting itself with the result
that such slight gains as marhed tEe
course of the different markets were soon
wiped cut and lover prices went on record
Speculative operations were not large on
either side Of the account, both bulls and
bears appearing to lack confidence, anu
great hesitancy and indecision was dis
played throughout the session and had
tendency TO check operations more or less
The Influences bearing upon the markets
were no. radically new, and in the alb
sence Of positively fresh factors upon when
20 base trading, spectators were disposed
10 stand aloof and watch developments.
Naturally the situation all the way through
was tame and unexciting and the aggre-
cate volume of business transacted in the
pit on change small.
Wheat to-day was unusually erratic ahc
changeable, price fluctuations helnE ire
ouent a fact that gave this grain the uhu-
sual appearance Of more animation tnIn
has been witnessed for some coEsiderapte
time The feeling was hearish. however,
and the underlying weakness cropped OUT
repeatedly and the more definite 'r'hh u
values was dovnwardS. with the usual re-
suits. at the opening there was a ieelhs
that a reaction was due. and the actions
of the market seemed 10 Indicate that some
Thing OF the kind would take place. but u
did not materiaIize. Tho receipts here ana
ut winter wheat markets We're not up 10
expectations and much less bearish. these
Two being helping hands shortly aiter tlle
market opened, though their influence upon
values was small and fleeing. As lar as
the effect was concerned. The arrivals az
this point We're 5000 bu larger tnan
week ago and 1900 bu. In excess o. last
year at e67.Go3 bu while the total AT
the four markets amounted to $500 bli
against $4,000 bu. 4 week ago, and f1@"o
bu. q year ago. Northwestern receipts Were
reported at go cars against i!S one year
ago. Gables were less Disappointing tnaN
they have been. though they could have
been much better. Liverpool bein s -sl
lower at close. Berlin was also sc OF,
Information showed that the worlds ship
ments had fallen off to J.S60O0 bu.. when
was 100000 bu. less than last week the
Black Sea shipments being 2.696Gg0 bu.,
against 2.916,0e0 bu. the previous week
There was good increase IN the amount
afioat however.
was not near SO great as expected, though
the bears helped it along by selling freely.
There was very good buying on both short
and long account. the latter by traders VINO
were of the opinion that a reaction vas
about to take place. So that Sept, after
opening sc OF at 12c and selling down 10
7I7sc, reacted to .2lyc. while the Dee. sold
at 74S.c to A7sc. Following the opening
rally the market hung fire ana changes
were few and unimportant, yet at the same NJ,
time there was enough buying 10 hold
prices pretty steady. The news continued
TO come bearish- Liverpool cables We're Id
lower at close. Berlin was also, sc off
Paris Ac and Buda-Pesth 1sc, Antwerp
alone OF all the Continental markets being
without change- TIE c lea RAJ OF Hour cur
visible was increased $500 bu.. against
only 5000 bu. one year ago. Sept. swung
between nfsc and &c. at one time being Oh
fered at sl493sc and unsold. Dec; sold at
e4lxc and July and Aug. at Tie a sharp.
quick rally took place in this market late
II the day on the great strength shown
here by cash and the fact that shippers TO
Toledo and Ohio and Indiana mills were
paying lQ Nc premium over Sept for No.
the sales Of 60 loads at the seaboard for
export and 10000 bu. at Chicago. There
was an advance to s2i&c for Sept. and 75c
for Dec. the former closing the same as
Saturday at 727sc asked. and the latter Isc
lower for the day at 15c asked. The close
for July AMI Aug. was at 7lssc respectively.
or l1sc and CSC lower than last week.
There were both weakening and strength
ening factors this morning in corn, the
most important being the weather and crop
conditions, which were favorable. advices
stating that the crop was coming aiOnS
sa satisfactorily. The effect of this was to
weaken the new crop options and year sold
12c lower right at the outset at 321zc, and
Dec. had sellers &c of. at S214c- On the
other hand Sept. was not Influenced by this
display OF weakness. owing to the light
ceipts and IL opened isc better, at 312sc,
gradually improving and selling at 37Ssc,
and elevatinS Dec. to 35c and year to 22ssc
bid According to the days postings the
receipts at Western markets were $4,000
bu., against s32.0c5 bu. one year ago, ill.,
GLIDING 1920 bu. locally. against III. 100 bu
last year. The total shipments We're 1900
bu- and the export clearanceS 81, 90 bu.
There was a decrease in the visible Of l.
$4,000 bu.. which was near what was ex-
pected. Last year the decrease at this time
was 1,6S1, coo bu. Early in the day the I,iV-
erpool cable reported I'D decline, half of
which was recovered before the close To-
wards the close Sept eased off to 37L.c on
let-down at Chicago, only to react later
that buyers. July closed at Csc bid and
Dec. and year at We advance. at 322.c re-
spectively.
There Is little to be said Of oats. which
We're quiet and easy at lower prices. Sept
selling at 21l2c to 2lssc back to 211hc which
was 14c of for the day and at which If
Western market receipts were 3,90Jo bu
against 10000 bu. & year ago st Iouis
received lO5,SDo bJA. against g. 800 bu last
year shipments were 50. go bu. and exrsorts
2lt,O00 bu. There was decrease in the Wis
fble OF 735.0o0 bu.. against 995 90 bu a wear
ago.
Trade Go.,ID.