The St. Louis Republic., 1901-01-15
BEARS IN CONTROL
4 ALL GRAINS CLOSE LOWER.
WHEAT HELD WELL DURING
EARLY SESSION.
Corn and Oats Were Also Weak
and Lower-Most of the Influ-
ences Were Bearish.

Weakness appears to have become second
nature 10 the speculative grain markets OF
this country. and If there is any bullish
feeling among traders il is kept in the back
ground. none of It appearing on the surface.
Traders yesterday in all kinds of grain at
this point seemed to be uncertain what
course to pursue and operated with the
greatest caution, and the leading markets
proved to be very tame affairs throughout
most OF the day. The news was largely of
bearish character, and a general weak
feeling. with small and narrow fiuctation
and a downward tendency to values to all
grains. though the losses in the aggregate
were small. particularly when compared
with those that have gone before. This.
however was the only consolation that the
bulls. If there were any were able to get
out of the speculative situation. Specula-
tive interest was poor as ever. especial
ly on outside account, and the little trad
ting indulged in during the day was almost
wholly professional and light.
The Developments in wheat at this point
yesterday indicated n fruther reduction of
long accounts. a much weaker feeling and
more or less selling of short and long
wheat. which was the chief feature of the
situation. Weakness prevailed most of the
day. the periods when there was anything
ike nfmneSS DelnS rev ana lar petNeSn.
and at the close prices were from &c to 1sfD
&c lower for the day. One of the most dis
couraging things about this market from
bull point of view. was the character of the
statistical news from domestic sources and
abroad, which with hardly exception,
was bearish For instance, the arrivals at
this point and i'm the Northwest were very
liberal. and all that came TO hand by cables
Was bearish. they reporting over $4,000
be. shipped last week by exporting coun-
tries; or 3.l0s.cS bu. in excess OF the week
previous. and 10000 bu- more than a year
ago, causing the amount afioat TO increase
sdi.0oo bu., compared with an increase
last year OF $1,000 bu. In spite OF this ar
ray Of bearish factors. the market here
held up remarkably well, one reason being
that Liverpool was not only adversely in
fiuenced. but opened up 1ad higher. and an
other reason was that the demand was
much better than the selling pressure and
the offerings were easily taken care O. a
May option had opened 1-I6c off from last
Saturdays closing. at 75i2c. il at once went
20 zoe without Interruption or check This |
fairly firm undertOne continued for some
little time after the market opened. May |
falling back to 1J4.c. but almost Immediate
ly rallying 10 76c again A feeling that was |
pretty general, that the visible would show |
an increase, and a good one. TOO. created /
an uneasy sentiment the buying let up |
creased materially. Nothing Of an encoar- |
aging nature to be discovered in the /
late cables. Liverpool failed TO do better |
than 5td higher at opening. Antwerp and |
Berlin were without any change Paris was ]
1zd94c lower and Buda-Pesth higher The /
export ciearances from this country were /
moderate only at $4,000 bu. In -four and /
wheat. On the let-down in prices that took /
place, May sold at 751zc. and was offered |
port Ihls report, when posted. showed /
tOe,Oo bu- Increase. and consequently had a /
weaklng effect upon the bulls. while en-
couraging their opponents The bears took
advantage of this and sold freely, and as
tneTe was no buying support, or for that
matte, matter support OF any kind. wheat went
T2nidlE ahaa 4
and At close of the day was It8stc lower
at i5Ac sellers. Early in the session 74tc
tation was &c off, at 7Sz.c nominal. while |
Jan. was l4c of. at 723.c nominal. The ex- |
port sales at the seaboard we're reported at
only loads.
There was not a thing that could be con-
sldeIeu as encouraging in the nature of the
news and conditions having an influence up-
em the local corn situation and the market
~ oay presented a weak undertone Specu-
ket was without a redeeminR Feature from
me opening 10 the close. The expected fall
ng 1 on IN the receipts. owing to small coun-
lIy oehNeries, did not materialize though
me acceptances were said to be small The
weather was mild and sprfnglike The |
he sn,onri s,pn,shts ae were large and increased
igo Il decreased l.o5s.e0o bu, but pretty
@lear @ 20 per cent of the amount shipped last
act tnat Liverpool was I'd higher fhere |
Vas nothing encoura ging from abroad |
lhSte was DuL uttle fOreign buying ex- |
'crters saying that our market WAS roo
nuch out OF line. and at the seaboard only |
: loads were worked for export At the |
tart May had S79.c bid which was iSc her | ,
er than II closed Saturday, but the initial
rade was at 3lssc. A large amount Of corr,
vas reported shipped abroad, the clear .
noes amounting to $500 bu, but this had
70 erect. as the visible when posted |
moved an increase of 2iZO0 bu AGAINST |
ts.Vo s,L increase last year Late in fbe
~, lnnuenced by the let-down in wheat |
nefe was further easing Off in corn and
iay sold at 57lsc, closing 5sc off for the
sy & AZ that. May No white was bid si;c
~ All other options were neglected Juiy
fosing nomtnally unchanged AT &c ana | 4,
an noninaily Ac lower. at SEC. ,
Ihe market for oats was dead dun and
or single trade went on record 10 relieve (
ne moDotony of the situation which was
Dout the worst experienced for a long time | !
81 ~ the only quotation made being 2S5Sc | {
"a "a Ior May Jan. was nomlnalIy &c on a. |
+tc Inere was decrease in this conn {
y ~ visible OF 10000 bu. as Compared with '
sfVO ou decrease year ago.
ON THE CCRB-Wheat weak Nav cola |
l I51sc 70 l5itc, and latest 75IsT75iIc seY | Q
r.: puts. 74zc TO 1850; calls. 75sc 70
Traders Gossip