The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-10-10
WEAK MARKETS
ALL-AROUND LOSSES.
GRAINS MADE GOOD SHOW
ING, But WEAKENED.
The Losses Were Most Felt IN
Wheat, Other Grains Hold
ing Up Better.
Office Republic.

Office Republic.
Tuesday, oct. :, 100.
Tho speculative grain situation at this
point to-day showed nothing that was really
new, and such changes "a characterized
the different markets were by no means siSZ
riicant. az no new features Of sufficient i'm
portance developed in the general situation
TO influence much new speculative interest
on either side. especially as the publication
Of Government report OF the crop, which -
due after the regular session on "Wednesday,
10th. held speculation IN check. Again the
proceedings on change were Interrupted
before the session was more than nan over
lv the appearance of Governor Teddy
Roosevelt on the floor, and the enthusiasm
Of his reception was so great that all at
tempts at trading were found utterly I'M
possible. ard the little that WAS done was
crowded into the first hour or two ana the
closing Is minutes Of the regular session.
consequently there were not many changes
10 note, and none Of an exciting or violent
nature, though there was an all-arounc loss
in values at the close. wheat leading with
&c, corn following with but sc decline and
oats being quoted from sc 10 i.c lower.
The chief feature OF the speculative
wheat situation to-day was the almost en-
tire lack Ct bull enthusiasm displayed our
llE llt udN, tNtH III INT tdNS VI NN -
q nature TO impart strength TO the general
situation. The market made 4 very en-
CcuraginE start, the initial cables from Law
crpool showing only sd loss. compared win
one on this side Of &C to lc- This Was not all.
as exporters stated that markets on the
other side were quite firm. though speculd-
lion was quiet. There was n rush 10 BUY
on the above. and considerable Dec WAS
traded in at last nights closing price OK
.5l&c. but as sellers were in the majority
-. n - lAv,. 20 100 IN 81 Sh1-f
time after. For some time after this the
market was unsettled and nervous. with a
number Of weak spots and more or a dls-
position to sell than buy. The general ten
or of advices from the Northwest country
failed to emphasize the reports of damage
10 wheat In the shock by late rains; on the
contrary they stated that the damage was
not as bad as first reported. thrashing pro.
crossing and the movement TO market OF
spring wheat increasing owing TO the me
weather. Receipts to-day at Minneapolis '
and Duluth were go cars, against 400 a week
ago and LIS cars a year ago. arrivals AT
winter wheat points We're also well main,
:l.0o0 blu. below those of last Tuesday they
were $500 bu. in excess Of last years, there |
being also a Broomhall cable TO the effect
that the Argentine crop outlook was SPLEEN
did. In the meantime trading was quiet.
Dec. rallied to 1854 IS9c. declined 10 .olsg
.5l4c, went to 1850 and then tumbled TO
75isc. May sold at &c decline at 1si=c.
The export clearances in flour and wheat
to-day were small at $1,000 bu.. but the clos
'NS NiDNN a. = NL". AN' 49,
pected. Liverpool reported declines for the
day OF 1sgl4d and Berlin &c, Paris was
changed. while Buda-Pesth was sc higher.
There was a little buying on the idea that
there had been too much short selling and
the belief that Bradstreet's report would
prove to be bullish. When this report was
received 1t was found to be as bullish as
expected. IT making the worlds. visible de-
creased 5o22.e4 bu., the available east of
the Rockies decreasing $4,000 bu. more than
sha nffiafgl xFSfhfn Trara me- raY,yh hrrx- i
ing on this TO send Dec. to 75Sa754.c and
May TO 1g4G $3.50. The cash situation was
reported anywhere, and a wire from Min
neapolis to the Modern Miller here said
that all mills recently closed down would
influences had a bad effect and cooled bull
ardor considerably. Selling WAS resumed,
and Dec. broke away quickly to 7i7sg75c
Isc. Oct. closed nominally- at &c loss at
131sc, Nov. nominally lkc off at 74c, and May
sold and closed &c down at 1sl4c.
There was nothing to encourage specula-
ton in the attitude of the local. market
ing. The weather was reported fine in the
corn-growing section. being clear and
frosty, with no evidence of a change soon.
The crop movement showed no signs of IN
creasing. but that the farmers were growing
larger was to be noticed in the larger pur-
chases of new corn to come i'm. The arrivals
at primary Western markets were reported
at $4,000 bu-. against $4,000 bu. a year
SeOs a 'r---V bA- lF4tH w. 4
400 blu. last year. Shipments from the mar
kets were good. and the clearances from
the seaboar9 amounted TO 1890 bu. Liver
pool was firm, and closed with a gain in
price of I'D. So little interest was taken in
this grain this morning that hardly n trade
&c bid, but Il Immediately weakened and
sold at 33%4c, and 337sc shortly after, Late
in the session Bradstreet's report was re-
ceived and posted, but had no apparent eff
feet upon the market. According to the
hgures,- there was an Increase in the avail
able of 1850 bu., Indicating n falling off
of leo. 900 bu. outside of the regular visible.
slow. no dealings being made, in fact. At
close Oct. was lc better, at CSC, Dec. that
much lower at 333.c sellers, and wear
&c off at SS11c. while May was quoted at
S4iiAc bid.
about oats, as that grain was almost who'll
ly neglected and the tone weaker. The re-
ceipts at primary markets We're posted at
6S5.Oo bu., against 1,05i.eo bu. a year ago,
including $500 bu. locally. against Si.OaJ
bu last year. The shipments were 81. 90
bu: and exports 1Ss.cD bu. Bradstreet's
figures showed an Increase in the
regular visible increased 596, 90 bu. During
the day there were sellers of Dec. at 22azc,
but buyers at that at close. Oct. was &c
on at 22i@c, and May that much lower at
oikc asked.
Wheat better: Dec. sold at 751sc; puts
Trade Gossip.
I'm the October report OF the DEPARTMENT Of
Agriculture. to bs issued tomorrow afternoon,