The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-01-11
WHEAT FAILED TO
HOLD THE ADVANCE,
AGAIN MADE A FUTILE AT
TEMPT TO BULL.
But Little Attention Was Paid to
Corn and Oats, Which, How
ever, Showed No Changes.

thing IN price. wheat met with another
setback and closed at a loss for the day.
There was neither snaD nor enthusiasm
exhibited in the speculative grain pit 81
change during yesterdays session. End
the greater part OF the ti:,e tame AMI I'M
interesting markets were experienced. The
public did not appear to be interested in
any Of the markets. and such trading as
was INDUCED in was in a s~calping way and
chiefly on professional account. As has
been the case all OF the present week. IN
tercst ceutcred I'm and around wheat. the
other grains being quiet and to some ex-
tent neglected. they undergoing few changes
in price and attracting but little attention
from traders.
Tn outlook for wheat yesterday morning
was considerably brighter. and the bulls
STere encouraged TO q considerable degree
by the earlier cables. which brought a ray
of hope with them for those still favor
able to the long side, but greatly disap-
pointed those who went short on the prefi-
GUS days m from abroad and at
home. There was not much news of any
kind received around the opening, but such
as there was had n bullish flavor. The first
Liverpool cable came in I'D higher, to the
surprise of nearly every one, and was con-
sidcred strong enough to start a buying
spell in which many who had sold yester-
day participated, and right at the opening
&c advance was paid for May, which sold
at 764c. This buying gradually fell off, it
not taking long to fill buyers up, and there
being no outside interest apparent, and the
market eased off without interruption to
16isc the first hour. Some encouragement
was gotten out of the p~ostings of receipts,
which showed a tendency to let up here.
though the arrivals at primary Western
markets still in excess Of those of a year
ago. There was colder weather IN pros
WNaaN alaA anl ~ .rau o. 1000
the winter wheat country. There was no
attempt TO bull the market on these, but
on receipt of a cable from Liverpool to the
effect that there was good buying there on
q reported wet harvest in the Argentine
and also that the surplus of that country
would probably be reduced to 5000. 900 bu.,
buyers came into the market again and the
principal speculative option reacted to 76Lc.
This advance, like all others, was not main
abroad not backing up these reports and
the market again took the back track, and
May sold OFF to 1850 and was offered at
76alsc. h close at Liverpool was at the
early I'D advance; Paris was unchanged to
&c higher, and Antwerp unchanged. All
domestic markets showed weakness, but the
st. Louis market was the weakest OF them
all, for the reason that there was a large
amount OF wheat for sale. which was
claimed to be for the principal long inter-
ests at this point
The export c~learances were the largest
for some time, amounting to 732, 900 bu. IN
-four and wheat, making a total for the
week of 2,s79.0Oo bu, against 2,075,0O Blu.
last week. This had an encouraging effect
and May sold up 10 1880, but almost imme-
diately resumed its downward course. the
selling pressure continuing for long ac-
count. on which May sold at 75sc, and
closed the day at &c decline at &c bid. July
was NC lower. at H4c asked. and Jan. Csc
of, at &c.
The local market at this point for corn
was pretty much in the same general con-
dition as 1t was the day before; that is to
say but little speculative interest was
taken. No news of Importance was re-
ceived and price fluctuations were narrow
and in many cases uninteresting There
was nothing about this grain TO attract the
side orders. The market however, held up
firmly during most Of the day and at the
ket values. which closed the same as the
day before. The receipts were not large,
those at primary markets amounting to GA
600 bu-. against $4,000 bu- a year ago, In
Guiding $500 bu. here. against 1850 bu.
last year. Primary shipments were re-
at $4,000 bU. The country was said
weather was not favorable for country de-
l~iveries. either. Liverpool cables reported
an advance Of I'D at that market. but ex-
had nothing of an encouraging
nature to tell, they generally saying that
Europe was well supplied at present and
there was plenty on this side to go abroad
at 10000 bu.. making a total OF 4.ls3.0O0 bu-
for the week, compared with $4,000 bu.
week Ihe opening Tor Nay mere was
s7Bc, while for July CSC was bid. There
was a weak spot developed later, the fall
In wheat having a bad effect. and May
July was offered at 3I5sa3so and Jan was
1910 nominal. For May No. 2 white 3SAo
bid
The speculative market for oats at this
point was weak. with Ma offered at 255sc
were 800 900 bu.. against $4,000 bu. last
,ear. st. Louis received 1920 bu., against
BOO bu. a year ago.. Shipments were Z5,-
20 bu.
ON THE CURB.-wheat steady. May
'old at 757sq76c. and later !6c bid; puts.
FORK reports 30 loads taken at the seaboard
or export.
Traders Gossip.
in the fall Of 1850. oniy $4,000 acres were
, ,orys'tt A. the total stS yisld SG "a 7.s 81 AsfS5 G. Was the
mallsst IN a generation, :. 1nrs where's rge the 3 ISs' '27' 900
= "A telegram .. stated t tsst 2 rel Teiia a9eo 99,FSSis'o sni
3 schreiner said LiserpoOl was q big buyer in
Few York on account OF Argentne cables,
{ Northern Texas. creating alarm among the
reased I'm Texa. last fall but farmers ar. ex-
ected TO return to cotton II the hy devastates
Cincinnati Price Current saysi Wheat unin-
by recent temporary low temperature. Good
Itlook maintained. Grain movement lessened.
ut about normal. Corn being largely held Tor
igher values.
Cash business in Chicago Wednesday was 3d. !
y bu, No. 2 hard winter. 1000 bu No. 3 hard
1r milling and 1000 bu. No. Northern to
iillers. Gales Of corn were ll5.oo bu- Al the
eaboard exporters bought Il4.OOo bu wheat 24D.oD
u. corn and 5000 oats
Liverpool clearances will probably be re-
orted this week, both in wheat and -four. and
4 oorn; Tbs former G should on be about 1000"
Minneapolis predicts 250. 900 bu. Increase in her
Of wheat this week. against 5000 bu. In
heat visible so far as indicated. but a small
ecrease most probable. A year ago the de-
tease was over 100000 bu-
Wheat receipts at primary points were $1,000
ne year ago and 64s,oO bu- two years ago. Re
sipts at st. Louis 800 bu-. against "a. 400 bu. ,
lfpments Z3l.O0o bu-
corn receipts e24. 900 bu-. against 574.-
outs. against 44.Se blu. last year. Primary ship
ents $4,000 bu :
Oats receipts at primary points 5000 bu. j
ST. Louis. against i. 20 bu. last year. PrinSsTy ,
iipments 25.0o bu- {
Cash Grain, Flour, Etc. ]
market-ISeceived 81 cars local
nd 1 car through. Strong for good milling =
rades Of soft winter. Witch in very scant Of
ainly by city miIers. The outside milling in q
.nry nrst rate. but still- held in check by the I
: : ys5s5so t n ann r sw ~ "a: No rea s1ia L
choice Z. side: No. 3 red at 79c TO 74c; No. 4 5
&c to &c. latter fancy. Hard winter dull and ]
tier and No. at CSC, with choice worth gu, /
- SO cars local ]
shippers. and local buyers; offerings moderate. y
ales delivered at S7ne for No. 2 S1i4g37lzc for L
e S,,s :. g; ss1a s,f for No No E yeIl% ~. Ssa4e for No. s
OATS-Cash market-Received Is cars local; I