The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-07-02
GRAIN MARKETS DECLINE
AND ALL CLOSE At A LOSS.
THERE WAS NO BULL SUP
PORT TO GRAIN.
Advices Mixed, Being Both Bullish
and neutrality-suspicious.
Generally Quiet.
Office Republic,

Saturday. June 80. lsy1
WHEAT-St. Louis which yesterday led
the advance and was the 'bulliest' mar
ket In the bunch. had most traders in her
grain pit anxious to sell. at any rate the
chorus OF sell at the openiLs over
whelmed the feeble buy" that chimed in.
same a. 1t closed yesterday. but at once
broke to and was offered at eIbzc, sept
selling NC lower 1t SIC. ana aug. sc 10Y
er st S0.zc. St Louis wasn't the only weak
kneed market. thu openings elsewhere re-
cording declines Of ESQ sc at chicago. &C
At New York. Nc at Toledo and &c at MN
The causes leading to this reversal of
form In the markets were quite numerous
ing in weather conditions. cool weather
prevailing up North. with two lows NOV
Ing into the droug II district ana some rams
tied. no rains having fallen In tennessee
since yesterday morning, the rain belt nav
ing moved north and eastward There was
the regular supply Of crop damage fodder
from the Northwest. but many traders are
growing tired of that diet. and 1t Is not SO
Southeast of winter-logged crops were also
on hand. but they appeared TO have lost
had a bearish influence. advances of lsd at
Liverpool and sd at London not stacking
up at all well with Americas short OF yes,
terday and a decline of lac at Paris looked
very much like a sniff OF contempt at our
boom Then Their, was a reported Increase
ances for the week, S.Is4,0oO bu.. against a..
$4,000 bu- last week, and receipts COM
pairing better with last years Al four
against 1920 blu. one year ago. and at
Minneapolis and Duluth 32s cars. against 526
cars Minneapolis exceeding last years.
only to Sl%c for July and S2lsc Tor Sepiem-
Der. Then liquidation started In Chicaso.
and all domestic markets joined in peas
dance. News didn't count for Inuch wnlls
all this trouble was going on. though a re-
port of general ruins in South Dakota had
some influence in increasing the desire TO
sell. In St Louis July sold down TO 'ss4c,
Latest cables reported Berlin on sc ana
Buda Pesth PIC; no export business heard
OF and the days clearances OF nour , and
wheat only 2l2.0I bu. The market rallied
late in the day reactions elsewhere, July
selling up to s02.c and Sept to SliSc oio.
July dropping back later to So14c and solso
sold down 10 s0l7c and back to se4c, closing
at S0HSc bid.
Cash market-Received 1Ss sacks and 10
cars local and two cars through Duh ana
a heavy market. Very little milling de
mand and elevator buyers out. Sellers
asked &c over July for new No. red, but
inside. and old at S31ac. Old No. 3 red sold
at Sic and new quotably 7sas0c. No. win
ter, l5QIsc. Sacked lots new sold at s,c TO
slasqssc Hard winter very dull IIn at Sarss
moro. No sales Of Sept. wheat Late yes
terday 5000 No sold to Tennessee mill
CORN-There was right smart declne
in the grain too. this largely through SYM
pathy with wheat. but also due to Satur-
day evening up of longs. Trading was light.
as the interest IN corn does not compare
at 42s4c and eod Off to 42ifc. July was Of
fered 70 lower at Haec. Receipts were 80
900 blu. at Western markets, against 3i6.Go
bu., with II. 900 b1 in at ST. Louis against
IS, go bu. last year. and shipments ~ eS bu
Ciearances were heavy. for the day Nv
Su.. and the week, 4,ooo.lOe bu.. latter