The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-09-05
A SETBACK IN GRAIN
ALL MARKETS CLOSE LOWER.
WHEAT AND CORN SHOWED a
WEAKENING TENDENCY.
Corn Led in Point of Weakness and
Lost Most in Price, but Wheat
Was Not Far Behind.
Office Republic.

ONCE htpLSiAN-
Tuesday. Sent. 4, 1900.
The local speculative grain markets after
two days of enforced idlencss, due 20 Sun
day and Labor Day celebration. opened up
the new week this morning in a very q"le'
and doubtful manner. It being n rather dir-
foul. thing to pick the winning side Tor
some considerable time after the opening.
Pit trading, after the first little furry, when
business opened VI. was OF q slow. dFasSF
character, and no special features were
shown. There was no stir or movement Oh
significance to prices. such changes as &C
CURED being confined TO extremely narrow
limits for some time. The different markets
developed nothing Of real importance unth
well after the hour of nooa. when they got
something like a move on them, thousA II
was not the kind of a move that the trace
would have liked to see. for the reason INA
the early undertoDe OF weakness became
more pronounced. and prices. which We're Il
little bit lower than last SATURDAY :,
Jagged further and further behind bucihS
ths latter mart OF the session the tendency
was almost wholly one way. there were ~
recuperative powers. and at the close prices
were found TO have lost largely CLOSING
at or near the bottom for the day, wheat
showing a loss OF kc TO &c. corn &C u "
full 1G, and oats 80 to 4c.
The outlook was very bullish for wheat
this morning, there being some very slfons
statistical information received shortly an
er the opening. There was also some taa'
was not bullish, and IL seemed mat the
two days rest had developed a weaker I'M
dertone, and 1t was shortly made eElueht
that the situation was more dispose 10 :
spond to the latter than the former Ihere
were signs of weakness and lack CT cor
fdence early in the cay. but the run ..
news was such as TO hold the coWnwaTd
ponNamant in check for a time, anu hAS
opening loss was small.
Market cables were not as conducive 10
strength as traders expected. there re-
Spouse to our strong and higher c4oSllS
Saturday not being near up TO eApectalonS,
nor did they appear to be alected py nne
statistical situation. which was very Dull
fish. Both Liverpool and London were quiet,
and the first named, though II recovered
yesterdays I'D decline. was Sun "a io~ csF
bled statistics were of the best. IN the
first place, there was the annual report OF
the Hungarian Minister of Agriculture
which showed a deficit between supplies,
including crops grown this year. ana re
serves on hand at the opening OF the crop
year Of Is .50o,oG0 Blu. in rye ana an excess OF
20.00c,0 90 bu. IN wheat, indicating a dehcit or
100000 bu. IN the TWO principal grains OF
the country. Following this came a report
that the amount afioat had decreased 1.iio,-
Oo bu., but the worlds shipments were o.
Gas, coo bu-. as against $4,000 bu. the week
Black Sea shipments. Under ordinary con-
ditions the above would have started on
the market with a bulge. but when traders
were confronted by the ~postings OF receipts
at primary markets, they hesitated. The
arrivals were for three days, and were
backed I'D BIZ reports that farmers were
selling freely, and that hardly any Of the
winter wheat In the Southwest had been
moved, brought q feeling of that
was never recovered from. According 10
the figures posted. the receipts at st Louis,
Kansas City and Chicago were @o.Gp bu..
$500 bu. and TSeo0 bu- respectively: Re-
ceipts In the Northwest were nc larger
shQn n uraak On hnr ShinnlnnrZ from all
points were very heavy.
AZ q result OF the conflicting advices
noticed above. the opening was more IA
bulls. stii. the buying was sufficient to
Dec. the latter only being Lie of from
Saturday, but on advices OF declines at
other points. there was a let-dovn here, and
offered at 74a7i5sc. which proved TO be the
low price of the day. In the meantime Sept.
Vpshe ofre 1es ,s sGeT q 1' tETssc a I.ata advi Ices
favored selling. rather than buying. There
was nothing bullish in the cables. outside
over 40 since last Fridays close, ana Ber-
lin was &c. better for the day. Liverpool
closed I'd lower. Duda-Pesth &c OF and
Antwerp unchanged. The outward move
ment for two days from the seaboard was
large, at 1000 bu-. -four and wheat. ard
the visible showed a decrease Of 32s,100 bu.,
which was less than had been anticipated.
The latter seemed TO give. confidence to
traders. and Dec. advanced 70 itae and
managed to get Dec. up TO i4lzc, the in
centtve being a report. that 30 loads had
been taken for export. but speculation was
light and narrow, and the bull sentiment
had fallen of largely. Then there were de-
ciiDes at New York and Chicago. owing. It
bear was selling largely IN those markets.
Naturally, this market followed their exam
pie, and Dec. went off TO 74isc. and closed
34G%c lower for the day, at that bid; Sept.
closed Nc down. at 1&c asked, and Oct.
after selling at 72%c to 72lsc. closed &c
lower for the day. at 724c bid.
The market for corn to-day was an insig-
nihcant affair. and as compared with that of
cline In prices. It was also a dull market,
particularly so during the early hours. and
outside Of the weakness and depression
displayed was almost without features. Re-
ceipts for three days were large. though
they fell behind those OF last year. being
reported at $4,000 bu, against 1,654.e0 bu.
The arrivals locally amounted to 1890 bu.,
were $4,000 bu. from Western markets and
decrease OF 2,n7.ccO Blu. in the visible supply.
against a decrease of Z7l,cO0 bu. last year,
and the amount on ocean passage was in
creased l,2So.0o bu-. where it decreased
unfavorable TO be gotten out Of crop con-
dttions. but there was a very noticeable lack
Dec. at S3hc, Nc decline, found no takers.
So very weak was the market that the ex-
tremely heagy decrease IN the visible, and
the fact the Liverpool closed firm at I'D
advance. had no appreciable effect. and the
market remained dull, heavy and weak to
the close Of the day. Sept. closing with
sellers Rc lower at SOC, and Dec. Ac off at
SS1ec. There was some trading in Oct. with
sales at SSc and later SeLc was bid, but the
close was lie lower for the day at 3sc sellers.
Year closing Nc down at SsAc nominal.
There was nothing of consequence done
In oats, and that market was weak and
declining all day. A little Sept. sold at
&c. and It closed &c of at that Oct. closed
1sc lower at 22hc and May &c off at 24hc
nominal. Western market receipts for three
days amounted to La. 900 bu., against l.
$4,000 blu. last year, including IS, 800 bu. To-
cally. against Isl, 600 bu. a year ago. Ship
ments were T75,00 bu. and exports 1900 hu.
The visibly supply of this country was in
creased LlSS.Go bu., against 5000 bu. in
crease one year ago.
Trade Gossip.
-visfble supply Of grain:
Sept /, 1890. Aug. %. 1900. Sept. 2. 'se.
Wheat .----....--50, 29i, 900 9.9eS.0O "a, 76s. 900
Corn ..--.--.--. 5.sl3.o0 $4,000 s.7Ss,Ooe
Oats ...---....--..- 9,25S.00O S,c6s,Q0 6,OS5.OO
Amount On ocean MASSAGE