The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-06-21
SAME OLD STORY;
MARKETS AGAIN WEAK.
NEITHER BULLS NOR BEARS
HAD MUCH ADVANTAGE.
Weakness Was the Feature and
Wheat Declined and Closed
Lower-Other Grain Up.

ott a1sfA~ INV tes ~
ting above the close OF the previous day.
while closing at a loss for the day OF Ac
to Lds.c. on the other hand. corn and
oats were comparatively well sustained and
made some gains. but they were insignifi-
cant ones. both closing from 1-iec to sc
up for the day. The course Of yesterdays
markets largely hinged. IL they were not
entirely dependent. upon the weather and
crop conditions of the country and abroad.
other influences having but little. If any. eff
feet in shaping the action OF the diff
ferent grains and the course of prices. The
markets dragged very much throughout the
day and in most cases were dismal failures
where features Of excitement or interest
were concerned. they being in a very dull
and stupid condition the greater part Of
the session.
Yesterdays events in the local wheat
market throughout the entire day were
emphatically bearish. and the situation was
under bear control from start TO finish.
nothing at all like builishness being dis
played All the markets of the country
were affected alike. but for some unex-
planned reason St. Louis was the strongest
of them ali. but that is not saying much
either. as akn was conspicuous. The
Influences, which were largely Of a crop and
weather character. were mostly for the
worse. and the feeling could not be other
wise than bearish and the market weak.
Liverpool at the start was reported TO Do
I'd higher, but this had no appreciable ef-
feet upon any of the markets Of the coun-
try. as the Cincinnati Price Current crop
statement was undeniably bearish. an alb
eence Of rain was reported IN the South
west and advices of harvesting going on
with prospects Of a much better yield than
had been expected. There was something
of a demand here right at the opening. on
prospects OF rain out West. and both July
md Sent nnonad nv nj fkc tho former hay
ing s6d6sisc bid later. but the latter weak
ened of to eo4c, July following later and
creased. the weakness at ether grain CEN
tiers emboldening the hears. who brought
their hammers into use and drove both July
and Sept. down 10 65h.c. the low SPOT Of the
day. This break forced considerable long
wheat on the market and gave heaviness
10 the situation. and the bearishness was
another car of new wheat of fine quality
from Tennessee. Late cables from abroad
regarding the crops of France. m
and Hungary were rather bullish. but the
market cables did not reflect any uneasi-
ness on that score. Paris was unchanged
to NC lower. and Antwerp UNCHANGED. but
Liverpool closed with its early advance and
London was hdaad higher and Buda-Pesth
&c up. The clearances for the day were
20. eco su;. s, mnGaSSihn Sg a tS sss as SO ;, far i Tor b the
those of last week. The balance Of the ses-
sion the market hung around in an irres-
dilute way until late. when the fac, be,
loads on the decline. This had quite q
strengthening effect. and July and Sept.
6s&c was bid for both. Aug. received a bid
Of Csc.
The local market for corn was pretty well
maintained throughout the day, notwith-
standing that the news was not as favor
able as it might have been. In fact. there
the weekly spy" crop 1a summary Of the Cincinnati
Price Current. which stated that the crop
was improving. and in nearly an average
er continued favorable. led to some selling
lower at &c and July at &c. The market
early I'd advance. Ciearances for the day
were small at 23 ZOO bu.. making a total Of
1-s61- 90 bu. for the week. against 2.106.O00
mary markets was again light. and had a
good effect. the market rallying from its
early weakness. and Sept. sold at <sAc-
err. but rallied to 43hc buyers later. on re-
ported export sales Of 80 loads. and the
strong turn in wheat. The close for Sept.
was at x3kc asked. and for July 42hc bid.
On realizing sales at Chicago. this and
other domestic markets for oats declined
weather for the crop. Sept. opened Lilo
lower at 26lxT36ssc and then sold at 26i4c,
but late in the day brought 2sAc. July
Traders' Gossip.
Tho New York Produce Exchange Market Re
port says of European wheat crop conditions:
Latest .dvices indicate a modera,e shortage IN
E yss4 IN c.1 ansns o. s ;S"Si GO g French r.: es0F caop about i5S% l iss
came a. last year. or 3. o0. 0o bu. under the es-
s sS:ss e. s=9s.s% oTsl o. a but r 4. sos j. 90 sSf 5a. . g S's
nearly Goo0.0 go bu. last year.
~eond,f;on has been fully maintained. and where
f nssss's, Corn = !. N im DsOsTsss Il sn q m %e ss% n. e,Isc, sn
ssersse eo,dison. oas: are aTs = ,mDrorinx. but
shs.e I'm Be a short crop in usually surplus
-chicaEo-captain J. NJ. Phillips wired from
Newtont kss; Cutting, of wheat general. Some
ss:s s::.. -ei i. 8. f Rs.. s%iiii.1 TIT crop 70 G :aps cent ~ sTss
from Winfield: Kss; "Prospeet {. for record
nisHi: ny former estimate a litti. too ioS.. a.
To Counselman & Day: Paris-"Ths French
eOSSbls Il. quantity, ~ J Wheat ssase viii h'f be mo" :mDo aaed
from America than was taken IN 800. IN.
Is. efaeisfP French Oh crop ,A1 report y makes axes I shs Yield
49, Sc Sc S g. u sS: , ssn,y. sn' . sems as last year. and
. .ss' : MIN he isc. Ts sassr.s sgOf p4iss. g ss1 ss pT s. y:
vance over last nights close. Covering by shorts. |
S sas ssssss eo sS 'e Caused ssHt this s1H serssi % o asravs "a S ss
her. rse :rr ssssre ys ct g. n'c eon ma 3 = 70 aat the ssT ssrs,
ieet Commission Company. This was OF Tennes- |
9: s..lIs s1: :nd, : sssd iia.Rp'S Ct fs ssi: e nSss. G as. n n:
elasa.. Il inspecting No. 2 red The shippers say
the Yield I'm that section was abou, Is bu- to the
-Ths car Of new wheat from Tennessee was
bought BY Amman. Burg q Co., for the Paddock
Hodge Company OF Toledo At Dc per bu-
John II. Wayland. miller and elevator man Of
HiiiiDS i. Ss: ona . :ss1e On !cS Sa the Ne aes, :sr,
they are cutting . nns. large crop Of wheat in his
1t looks as though the weeks. clearanc.s Of
aouS and wheat will be smaller than the 4soo.-
Primary receipts Of wheat were 81. 900 bu.. |
AGAINST 81 oo bu q week ago. COZ. 90 bu. a year
aso and 10000 bu- Two years ago. St Louis
were $4,000 bu.
Corr receipts at primary markets were 49,
90 bu-. against 5000 bu- Z year ago. ls. COO bu.
year. Primary shipments sss. S0s bu. ~
bu-. against $4,000 bu. one year ago. St. Louis
receiving ESQ bu.. against 1900 bu. last year.
Primary shipments IA. 900 Gu-
about an average. the French crops unfayornbie
and below an average: Of Germany so Der cent
below an average. and Hungarian very poor.
Cash Grain. Flour. Etc.
M~arket-Received xs SKIS and -
cars local Dull and easy. the demand continuing
very poor from millers, who picked up the few
choice samples OF soft winter. paying 70c mainly for
but I car fancy bringing 7lc- No. ; red at $50
&c and No. Z at 66i-c, but lower grades of each
below these rates. No. . hard sold S7isc for yell
low belly and ssasshc for Kansas Turkey worth
esHc. No. 8 hard quotabie at 65k@67c
CORN.Cash 80 SKIS. and le
cars local and 4 cars through. Higher. with q
Scr shippers. White especially scarce and wanted.
No. 2 selling from store late yesterday at 4skc
1. o. b. bargee and to-day at 45c (. o. b. this
side trk.. selling to arrive at &c. From store
Z n No . .,lA q N hspDoS nm ~ srnd~~-&A-A