The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-08-26
Wheat LESS BULLISH
AND LOST ONE CENT,
NUMBER OF SELLERS GREAT
Err THAN BUYERS.
Corn Was Easier and Shade Lower
Oats Also Declined-Provi-
siOns Unsettled and Weaker.

SLlSd6os <1uBs - "HS
were less bullish at the opening than they
were at the time of closing yesterday. That
change of feeling was not expected imme-
diately at the opening. because the more
enthusiastic of the bulls are usually the
loudest voiced, and at the start made their
bids heard above the din of the bears. The
numbers Of the sellers proved greater than
the buyers, and numbers prevailed. the
market weakened and. after selling at the
opening as high as 74Ac for Sept. the price
about twenty minutes thereafter was dow
to 74hc.
at Minneapolis and Duluth at
fected the market because Of the inference
in connection Herewith that some new
light had been thrown upon the Northwest
ern crop situation, showing 1t in a more
favorable condition than reports made OF IL
the day before. Such inference was unwar-
ranted, and the weakness that developed
at Minneapolis was explained by the chan-
ging of hedges by Minneapolis elevator peo-
pie from Chicago to their own local mar
ket, because the price was nearly &c high
er there than here. They bought in chi
cage and sold IN Minneapolis. and, owing
to the narrowness Of the Minneapolis spec
ulative market, the selling in it had a much
greater effect thar the buying In Chicago.
Such influences are frequently hard to
trace. hut a broker who had much of sucn
business to do this morning was free 10
talk of It after the operation was COM
pleted.
The Liverpool quotations were raised
from I'D to 7sd for future. while spot wheat
was unchanged. Paris reported Aug. wheat
nc higher and Sept. and Dec. &c lower.
xLn ~,rnfofinn0 nf fhp unV
unchanged. Chicago received Alb cars. Min
n~eapolis and Duluth got S94 cars, as com
pared with 229 the corresponding day OF last
wear. The receipts for the week at the Two
latter places exceeded those OF the preVl-
Gus week by 3S4 cars and were 55S cars
more thar on the similar day OF 1873.
1t was ingeniously suggested In eXpiaha.
ton of the weakness at Mlnneapohs' lnat
Chicago SPECTATORS had a large number
of nuts bought there for to-day. and had
used that means Of unloading their lohS
wheat. and whether or not sucn was 'ne
fact. the Northwestern market was ueciosu-
" weaker than Chicago. TIL demand 1or
No. l North spring wheat was very sooo'
but was difficult to get on account OF the
rmness Of holders. Primar western MD aa
kets receipts were 1,119.0O bu., and SNIP
ments from the same points $4,000 bu.
Last year receipts were $4,000 bu.. but ship
ments were only $4,000 blu. The DAYS
clearances of wheat and flour were equa,
to 243, 900 blu. Sales for export repotteu
from New York were 10 boatloads ana ~
loads No. l Northern were reported WORKED
direct from here.
The market continued on the down-grade
and near the close, Sept. wheat was dow
to 7s5ac, with a late reaction that left 1t al
7S%@737sc, against 74Ac yesterday.
Corn.
Corn was easier and somewhat lower dur
Ing the session., but In the end only t-loe
below the price 1t closed at yesterday, Ine
range In Sept. was between 3Sesc ana asc
Ssiti"s and winding up at sac. There was
nothing new in the speculative situaton
which, as far as the old crop deliveries were
concerned was extremely a 1s str rsrs sshnst Mon.
days receipts at las carloads. Primary re-
ceipts were 2sS,oO bu.. against $1,000 bu
n the last sszS ysaT bu: Ex a%d th 1s0% days tae s sass0f fo1
export were 80 boatloads at New York and
y loads direct from Chicago: Liverpool
quoted futures from I'D to SD higher.
Oats.
Oats were still In the thrall Of he weak
holders Of the Sept. delivery. who were. a:
for some days previous, running away IRON
he approaching e.. delivery LIVERY. day R p1% a1Ihe :,
near the end at. 2Issc. with 21as@211ac. The
latest trading price. against Use yesterday
mated for Monday The shipments from
seaboard amounted to 10000 blu. There
were plenty of shipping orders for white
clipped oats, but none for sale.
Rye.
The market was quiet and a tribe easier
There was only a light cash business anC
a few transactions in futures were made,
The break IN wheat created an easier feel
ing, but prices showed only 1sGAc decline
N receipts were 9 cars. There were 2 cars
Inspected out of private warehouses: Nc
export clearances from the seaboard. No.
No. 4 at 4Sc. Futures quiet and easy. No.
rye Aug. nominally G1Sc. Sept. closed a,
5l1sc bid and SOAc asked. Oct. sold at 51At
to sic, and closed at Size. Sept. changed
to Oct. at half cent difference.