The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-07-06
MARKETS DISAPPOINTING,
CLOSING AT DECLINES.
WHEAT STARTED OFF WITH
STRENGTH.
Corn and Oats Were Also Higher
Early, but Weakened and De
clined Sharply Later.
Once Republic.

omce Republic.
Thursday, July D. 1890.
The last half and the final actions of the
different speculative grain markets OF
America was a bitter disappointment 10
those st.ll friendly 20 the long side. for
where there was gladress and rejoicing
early there was weeping and wailiHg later,
for the markets. which started on so favor
ably and advanced sharply, collapsed COM
pletely. losing ell that they had previously
gained. and closing about where they were
Tuesday, The last regular trading Gay
There was everything 10 encourage the
friends and believers IN higher prices for
grim In the way the speculative situation
starred off this morning. The markets Of
o.. -prntry appeared 10 have been greatly
I.l..-..ed by their forced idleness Of yes
terGay. they one and all opening up IN a
manner 20 greatly encourage ard gladden.
the hearts OF those who, notwithstanding
the late severe revsrsas. Sill contIaued 10
have faith in higher prices. Why this
should have been IS hard 10 explain. as
outside Of the war news from abroad.
there was little or nothing that could be
considered as bulHshly incentive vet the
whole situation exhibited an unmstakahle
undertone Of strength during the first half
Of the session. Following The first burst Of
strength there was a weak spot and then
complete collapse Of the different markets.
all Of them breaking away sharply and
Nnauv closing the same as they did on
last Tuesday. and n some cases httle
bit lower.
From the appearance Of the local grain
situation and the ections Of tire wheat
market ut this point during the first half
OF the days session. It appeared 70 BE as
though little or no trouble had been en-
countered IN carrying over The Fourth the
strength developed last Tuesday This was
remarkable inasFnuch as a good deal 4
TIE bull feeling has died out, and the ele-
ments at work were not SO bUllish az TO
really justify the great strength shown
during the early hours In fact. the general
run OF news favored the bears more than
the bulls outside of the serious condition
Of affairs in China ard the warlike out
look all over Europe. together with high
er English coEsOls. Both Liverpool and
London markets were hishsr also, tho for
ner being l@sd higher ana the latter Id
Aside from the above there was really
nothing I'm sight OF a bailish na-ure- More
cheerful conditions were said to prevail In
the Northwest, where there had been some
good rains. Fine weather prevailed in win
ter whe5t regions and harvesting was said
10 be making good progress. Arrivals OF
wheat at the iead!Dg primary markets for
-
pected, and especially here. All the leading
markets OF the country opened up large
ly higher on the strength OF the warlil.e
attitude of the nations OF Europe, the ad-
vance being IRON L 10 &C rght at the
send-off. Here The opening for sept vas
at li.c advance from Tuesdays closing,
that month frdins buyers at soc. but II
dropped quickly 10 as-.c and reacted sharp
ly 10 sOisc.
Not much attention was given to July IN
I'll the receipts were posted. when that OPP
ton opened l2c better Al isssc. and sold up
TO .9Iac. There was q sharp break from
this early advance, and Sept. went down
70 19iec, and for some considerable time
fuctuated within narrow range, going 10
7y5sc, back TO 1850. but finally selling on 10
7ssxc, and July had sellers at .olsc. Late
cables we're firm. Liverpool closing lisd
higher for the day. Paris was e 10 lag
from the seabOard in -four and wheat were
light at $1,000 bu-. making l-tSS.0VV bu. for
the week. against 2.lS!.ee ou- last week-
Late IN the day Bradstreet's reported an
Increase in the worlds visible or co+.eS ou,
against 9lS co. bu. increase year ago, the
available east OF the Rockies increasing
44, 0le bu.,when the regular visible increased
and Sept. finally sold at IS Sc, but rallied TO
7si.c. only to drop back 10 .s5sc asked, clos
ing the same as Tuesday. at Iet.c bid July
sold at &c. and neither II nor Aug. We're
worth over 7sc at close.
The excitement IN wheat and the fears
quite keenly by born this morning and their
Influence was SO much greater than the
generous rams in Kansas and Nebraska.
which wiped out all fears Of hot winds, that
good strong oDeEiO z resulted In that gram,
both here and at other points Receipts for
two DAYS at Western markets were reported
ut I5ls..l0 bu., including 49, go bu. locally.
Shipments were 6t2.pyy bu., and the clear
ances So 90 BID. while BradstIeets etate-
ment showed a decrease in the avail
able supply of i.i4o.U,J bg. last week, where
the regular visible decreased ll43,0co bu-
The opening tor sept. here was isc higher.
at 1880, and in very short time IL sold at
Sisc. This strength, however did not hold
very long, weaker feeling coming 10 the
front. Chicago reported a large cash bUsl-
r-ss. clea-aHces were heavy and Liverpool
ID higher, stil prices declined and Sept.
vent off TO See before the noon hour and
July sold al sc. There was q rally TO 4jc
for Sept. late in the Gay and that option
closed Izc no, al iI.-c. July closed Ssc of
at &c. Reports of large cash sales We're the
late STRENGTHENING Influences and there was
also talk of hot wino-.
The strength shown by wheat and corn
h.:ned oats some this morning and Sept.
sold izc higher. at 231-c, but from this II de-
cline1 to FAC. and rallied to 23c, while
closing 14c OF at 224sc sellers. For July, &c
WAS bid. Western market receipts were
0Si,0t0 bu., or which 5000 bu. were received
here Shipments We're Sse, go bu., and 3a2-
0eD bG. Bracstreet's visible was increased
iS,S0 bu-, against l.USS.vu bu- Increase in the
regular visible.