The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-07-27
WEAKNESS AGAIN THE
FEATURE OF GRAIN MARKETS.
REARIsH NEWS TOO MUCH
FOR SPECULATIVE GRAINS.
All Markets Were Affected Alike.
but Aggregate Declines Were
Not Very Heavy.

ThUrsa. =, J"iy -, 80"
It was the same oil. t.u.e-yorn story s-
regards the speculative rcalD situation az
this country. weakness, depression and
lower values taking the place 81 tG' firm
cess Witnessed yesterday. ana III domestic
markets closed ~ 2 d line. wtt-n. wade
no. great WIS SIN decline sufficient 10
discourage friends II tho different mar
kels. There was an almost total absence Of
radically new factors. upon which 70 base
fresh conclusions. and Srecu'@'.p" on the
local exchange ltagoE ve-y us.rl ra-dar.
.eithcr faction making any H=-re@..va
moves. However. almost aU influences 1t
work operated egaias; any price improve
ureEt and throughout Tie day me general
situation showed underlying week.-mrs. that
was In marked contrast 70 the nTTnEess eN-
hib!tec late yesterday. Trading. in the ag-
Eregat,, oil through the day was extremely
light and sp.rfdess, and lore evidence Of
the lack OF courage on ti.s part Of local
sntersst. and the sentiment WAS more bear
ssh than otherwise. especially as regards
the coarser grain. I'm which most Of the
weakness vas conferred, although the EiEh-
priced cereal Vas not lar behind III this
respect.
The prevailing tendency of wheat today
vas downward. the very encouraging and
tullish condition " Affairs witnessed yes
terday having given place 10 more bear
in sentiment and lower prices. Nearly
every other markets WIS better. l-- NOT
this. there being az entire lack ~ support
throughout the Gay. With the sIU-l- cA-
.eption Of the crop movement 10 this mar
hcts which was .aTSe, arrivals amounting
TO $4,000 bU.. wai2n Was $500 bG. less than
last Thursday. though Si,urv bU. larger tHau
p year ago. the early considerations IA
r,.z Frr4 H.H ~ lA sax "a
symptoms prevailing lats yesterday. but,
IS stated shove, there WAS 10 response
here. The first received was IN Coafi,ma-
lion Of the sale II 5000 hu- hard winter
wheat al Kansas Cl.y. ru- hone OF tIr
sf..ytr BIZ. SOFT. said TO nave been made II
chicago. This U..s followed by v.i.las,
witch, 20 The surprise Of many. showed d
SOou Response. 10 lC-tcrJdy advance on
this side Liverpool gaining sd and london
I'd. Then there were cltaralcp-s Of --vtel
hg. from New orleans and Galveston. and
evidence that receipts ~ winter - heat Were
decreasing. the tOIat arlisals a. the fgur
Tinter-Theat marhels hslnE S'ivJ Iu-,
against 4ia,t-y bu- week azor ana ilo.vj
III At year asy. To offs.r a.. IDcvt. Lh-
Cincinnati ETlce current came forward
win the abatement mat the total crop
would surely reach ~, .v'tt5 Dl- EApoTte.s
again SAID that wheat was above IN eN-
porting hasi.. and -four WAS TcEOrte. Nery
duh AT neatly ali points
The Sept option opened here Just where
il CLOSED yesterday that +. AT .ossr. and
sold as low as '-fsc. Dec. opened ana sol
80 OF At s5lzC, ana later VAS Offered ~
1tzsc. july having u7,c bid. Late cables
showed that Liverpool had declined. me
close there being only Sd better -oT the cay.
Berlin WAS reported sc Oh, and BLIL-tesIh
sc. but Paris showed an Improvement L
board was reported at iSLpse On, making
the total for the week Only loslvJp bu.,
against $1,000 bu. last week. In the mean
time Sept had reacted to t5ssc. ANA then
dropped back TO .ssSc, Dec. selling Up -
.ii-o and OF - 'i'-c. AH6. bringing H..
Kansas city that iv1~D bu. No 1 Kansas
hard hst been sold there for export, and
alSJ $4,000 tu. wheat al seabGaTd, there was
a good uI-turn for the better, and prices
moved up quite sharply, Sept. going to 15isc.
which was ,c lower for M Gay and AZ
which Il closed sellers Dec at close Was
offered the same as yesterday 1T iJ5,c. and
July sold late At &c decline FOR sne day
Weather conditions continue 10 re the ru;-
ing influence in governing the course and
actions OF the local corn situation. and to-
hay, as usual, they were against the bun
interest 1t was not rains this time, but
perfect growing conditions that came 10 the
front this morning and affected the market
adversely The reports received as TO the
crop were Of high order OF excellence, ,&-
CepJ in a few parts az Kansas ana Nebras-
Ea- the Cincinnati Price Current = summary
beng very favorable. The receipts ana ship
lnentS in the West were bUliIsh and Liver
pool WIS Id better, but were Of no help 20
the market The total arrivals at Western
markets were reported at 49, bu. against
s1lur0 bu.. including %, Jl bu. locally, against
nS 500 bu. year ago. Shipments We're l,5-5.
Geo bu. AMI export clea" tnC.s $4,000 bu.,
making 3,OUl,uH bI. for the week, against
$3.50. Vuv bU. last week. The market here MS
weak and lower early and Sept. opened sc
lower al s6lzc ana continued to decline until
offered for sale az SG1sg55i &C. The lite
braoe-Up in wheat and reports OF good
cash demand improved the situation in corn
very much and Sept. went up 10 56'sc, sub
sequentIy ranged between 80 &C and ~ &C an!
closed &c lower for the day ct $3.50 bid.
Dec. sold at DC and closed sc better Tor the
day ct 32hc buyers. Year had 52i4c bid
early and at the close was isc up at .2isc.
Fer july g1.so Was bid
There is little TO be said about oats, trad
ing being light and price changes governed
by the actions OF wheat ana corn, especially
the latter. Receipts at Western markets
were lS5, 900 bU., against $50 900 ba last year,
Including $50 bu. here, against -5r-Jl bu. a
year ago. Shipments were $1,000 bd. and
export cleaTances Sl,VQG bu- The weakness
was pronounced enough In this market all
day. Sept. opened ssc lover and sold
at &c 10 HIsc, closing "a 20 or for the DAY |
at the latter bid JuIy closed unchanged at |
a31zC bid.
Trade Gossip.
minneapolis Journal says: Harvest tgst he |
ginning i hItNslir;8. Min. W.est. very 1
sproUted. on timber land IN many sections wheat
- Excellent. with Ec-I sianG -iii Neil-t.t- .
Lutsd kernel. and Eiu 50 - - - bT yer &C. .. /
On lighter prairie E-A there are MANI hs-.- That |