The St. Louis Republic., 1900-11-18
BAD WEEK FOR BULLS
AN ALL-R0UND LET-D0WN.
RULING CONDITIONS HAVE
BEEN AGAINST BULLS.
Weakness Has Been Paramount
and There Was a General Let
Down in Speculative Values.
Office Republic,

Office Republic,
Saturday, Nov. II. 1900.
From bull point of view there has been
little or nothing that could be considered
as encouraging in the speculative situation
during the week ending to-day. Dealings
in the pit on change all through the week
have been of very limited proportions. and
at times have arrived nearly at point OF
stagnation. while the changes in values
have been OF narrowest possible descrip-
ton. Outside speculative interest IN
all grains has been practically nil. profess
sional traders were much of the time luke
warm and backward about taking hold free
ly. and the degree Of apathy displayed
throughout the week has been very con-
spicuous AS if this were not enough, the
different markets have presented but few
features of consoling nature for those
friendly to higher prices. who have really
gotten the worst of it all the way through,
all grains. from the higher-priced wheat
to oats, having received severe shake
down. prices breaking away largely from
last Saturday. Very seldom during the week
was there any strength developed and It
was so quickly dissipated as to leave no
impression upon the market. Pretty near
everything having an influence upon values
and trading favored the short. or selling,
side. and the latter was indulged in freely
during almost the entire week, with the
result that prices Of all grains closed sharp
ly lower.
The prevailing tendency Of wheat through
out the entire week has been towards a
lower level, hardly particle of strength
most OF the time has been altogether one
way. and that Is to say weak and lower,
the close to-day being convincing evidence
of the fact. Occasionally traders. infiu-
enced by more encouraging conditions and
adVices. showed disposition to bring about
reaction, but, as a rule. their efforts
partial success. no permanent impression
being made upon prices, which continued
to to sink lower I and lower and to finally close
bu. Bull Influences were few and
far between. but those of a bearish ma
ture were plentiful all through the week
bearisa sentiment. weakness and depres-
sion. The Argentine crop conditions so
potent last week did not come to the front
until late. but when they old the Information
favored selling, the advices stating that
previous reports had been greatly exagger-
ated and the damage to the crop slight.
surplus amounted to over sIOOO,0O0 bu.
There was nothing in the least ENCOURAGING
In the cables from abroad. they being gem
orally weak and quite often lower when
higher prices were looked for, and the sta
tistical information received was also bear
is ish. tn the o worlds shipments being reported
at 3ep.yJ0 bu. and the increase atioat / 159 =
wv bn:, as as compared with an increase OF
only $4,000 bu a year ago.
Bradstreets showed an increase of over
.,gvvo bu. in the worlds available against
692s.0o0 bu last year. There was no ma
terial increase to be noted in the receipts
at spring and winter points during the
Week; week; Notwithstanding the fac. that the
,s,a weather favored shipping to market, and
thls was one of the very few bull influences
that prevailed. but really had TO effect. The
tash ths situation was generally very good and
the weeks exports of flour and wheat
larger than the week before. the total
ciedrance5 amounting to 1862 900 bu., against
S.5ooc9 bu. last week and 4.540 600 bu a year
ago. Selling was free throughout the week,
there hardly being day when large lots
of long stuff were not thrown upon the mar
ket by disgusted longs. while the bear In
opportunity presented itself. There was hard
~ any interruption to the declining ten
dency of the market. which set in early and
continued up to the close. To-day the loss
all the way through was only l. l6c. but
Tor the week there was registered a decline
OF &c for November. which closed at 7Oisc
nominal. Dec. closing 2is425sc lower at 70i.
SELLERS. '''sO
1t was up to the bulls In corn as well as
In wheat. the market during the entire
week showing weakness, accompanied BY
lower ,S,N, values; although. compared with the
better
and the loss for the entire week was hard
ly to be compared with that which took
place. ,rafe, IN the more active and h!gher-priced
ceedingly dull and without features of in
teerest. being slow the greater part of the
tlme and uninteresting. There was no In
crease In the receipts here or elsewhere,
though the weather was all that could be
oesired 1or liberal crop movement, yet the
arrlTais at primary points were usually
small and fell below those of the year be-
week was OF quiet. unexciting nature, and
at intervals very dull. The cash business.
SG on the other hand. however. was very good.
local exporters reporting demand from
abroad and the clearances for the week
neing 3,9I6,OOo bu.. against 3,2SS.0OO bu. last
week. week. and 4,6oi.0O bu. the corresponding
alioat was increased u2.oOO bu., but this was
offset by decrease In the visible of this
country OF 1,1Ss.G0 bu. Liverpool was not
weakness being displayed by that market,
put there was more Of the latter than the
former The blizzard reported in the North
west late In the week had a firrning effect
which was wiped out near the close by the
Government report making the conditions
@ per acre 25s, indicating crop Of 2.1O7. .OOO-
oe0e00, 600 bu. There was no change in this
market to-day one way or the other, and
the close for the week was quoted at only
Ss?c, while Dec. closed at a loss of sc at
Si,sc buyers and May at &c decline at 35hc
buyers also.
There Is nothing of interest to note in
connection with the local market for oats.
speculatively there was nothing doing. the
trade appal emily having deserted this grain,
giving nearly all their attention to wheat
and corn. There was news of impor-
tance and price changes were narrow and
very uninteresting. The close was irregu-
lar, Nov. being lsc off at 2Sc nominal. Dec.
, &c up at &c bid and May &c up at 24zc.
Traders' Gossip.
-Beerbchm. under late mail date. in its re-
view OF the foreign crop situation, says: Very
favorable weather for autumn sowing has been
experienced in France. Germany and Austria
Hungary. In Roumania and Bulgaria beneficial
rains have fallen and complaints no longer
beard: wheat exports continue rather liberal
In fuihllment mainly Of old contracts. but fresh
business is rendered very difficult by the dis
parity between the prices asked and those OBJ
tainab:e. In Russia the export movement con-
tinue5 on fair scale but fresh business to this
cline In prices in importing centers.
Not much change is probable this week In tho
St Louis stock Of wheat. but something of a
decrease in corn
-Advices from North Dakota state that a num-
ber of elevator men have heen looking over the
U 11