The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-03-19
ADVANCE IN GRAIN
NEARLY ALL WIPED OUT.
STRENGTH OF LAST WEEK
GAVE PLACE TO WEAKNESS.
Selling Again a Feature of the Sit
uation, but Markets Slow
otherwise During the Day.

The speculative grain markets of the
country. and in particular our own home
markets, were in marked contrast Monday
10 those of last Friday and Saturday. Il:
whereas there were strength, builishness
and excitement, accompanied by some
heavy trading. there WAS a slow, dull and
unexciting condition of affairs Monday and
a much lower set of markets were had from
the outset. most Of last week biz gains
being wiped out and the general close WAS
at a loss, that in some cases was quite seri-
Gus. as, for instance, wheat WAS from "a
sc to 1c lower. while corn was sc 10 "sP &c
down and oats We're isc 10 &c lower.
Wheat worked lower Monday under Il
fresh show of bear power and the fact that
The shorts had recovered from their panic.
while the bulls were not overconildent and
Showed little disposition TO give the mar
ket adequate support. There WAS u weak
feeling from the start, and as advices We're
more favorable 10 the selling tHan the buy
iIE side very little trouble was encountered
in bringing about a lower range of values.
Every weak spot. and th-re were several
OF them during The Gay, was taken adran-
taSe oI. ana rs Il result there WAS an all
round iet-uown in prices that closed the
local market sharply OF in price as COM
pared with the Closing OF last Saturday.
The chief bearlsh influences at the outset
were the springlike weather and the fact
that Liverpool, after opening l.d better,
Weakened and lost I'D. Receipts Lcre
A.ASN pAA VIZ NNAN sll-'
large. and there was a good deal of wheat
Tor sale right at the start, and May opened
&c lower at Iissc, and shortly sold at
.issq1i%c. on the strength OF the big ship
ments. and the fact that stocks here ag1ia
showed a decrease, there WAS some BUYING
support, and Ma went TO 1i3sc. and Iuy
sold at DIG. Statistical Information oy
cable favored the bears, the worlds sllir-
ments being reported at 100000 hu.. while
1924, 900 bu.
London cables were higher, but Liverpool
appeared TO be Indifferent and AT close was
sd off for the day. There were no damage
reports heard of, and the visible decrease 81
10000 blu. WAS a disappointment. The
export clearances Were only $4,000 bu.
prices gradually sagged down until just
before noon. when May sold at 144c and
July had sellers at I24ITsc. The market
was was weaker oe,k than ever after the noon hour
final close there was 4 let up in the selling
pressure and values improved a shade.
Sd5sc off for the day. at 7i1sIl,c, while
July was a full 1c lower at 73c bid.
There was unmistakable weakness shown
by corn. though that grain did not lose as
much as old wheat. There was little buying
support at any time and the selling was
quite Tree, being induced by the favorable
weather and large receipts. The worlds
shipments were moderate and SO per cent
was from America while the amount afioat
was decreased 1.60S, coo bu., but Liverpool
improvement. The opening here for May |
was &c lower at 4oc, and a further decline |
to 39Sc shortly after took place. July in |
the meantime selling at 401sc down to +O1
40hc. The market continued to grow weak
er and weaker, the buying support being
extremely light and no news of a character
to hold the market coming to the help of !
the bulls. Prices sagged steadily and at |
the close were asc lower for May at Sg1sc, |
and asI1ac lower for July. which closed at |
40Ac bid.
Little or no interest was taken In oats.
which ruled duh and rather weak all day |
long. There was no Information of interest |
and no trading of consequence in |
dulged In. The close was 1sc off for May |
at &c asked. and July was &c lower at |
24Ic nominal.