The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-07-26
SELLING PRESSURE
ON IN GRAIN AGAIN.
FEATURE OF THE MARKET
WAS FREE LIQUIDATION.
Rainmaker Got In His Work. and
All the Grain Markets
Weakened.

Liquidation. and free liquidation at that.
was the feature CT operations on change
yesterday. and under the general selling
pressure prices worked lower on every
thing in the speculative grain line. Long
stuff was thrown upon the market, regard
less throughout the entire day, and the diff
forent markets We're given little chance to
recuperate or recover losses. The situation
as usual. was particularly sensitive ID
weather conditions. there being nothing
else OF a special nature TO influence it to
the same extent. The trade was made
nervous by the conditions that Were said To
prevail throughout the West and North
west and price changes. while not broad,
we're quite frequent. There We're no reac-
lions of any consequence during the day
from the earlier lossess. and the markets
all closed at. or near. the low price record
of the session. wheat showing loss of
from &c to 1c, corn of from &c 10 1Ac.
and oats of 1c all round, the last named be-
Ing the weakest on the list.
Rains and predictions for more weakened
All domestic wheat markets. and created
such desire to sell that prices broke
sharply at all the leading grain centers OF
the country. A good wetting Was reported
in the DalSotas and Southern Minnesota, the
temperature was considerably lower. ara
prospects for more Wet weather reported
as very bright These were not the only
weakening Influences that the trade had 10
contend with. There was the indifferent at
titude or Liverpool. that market in response
TO Wednesdays advance on this side only
improving I'D, and the Cincinnati Price
Currents statement that spring wheat pros
pects were not as bad as had been reported.
The rain. however, was all that was SUI
rc1ent 10 cause rush 10 sell, and Sept.
opened the ball at decline of sc to llsc.
the initial sales being made at G9i2c TO
t9itc, and II was afterwards offered at Gsc.
Around bottom prices a good demand was
developed. and the support through buying
was SO good that there was reaction 10
be1sc. Dec. In the meantime opened tsc
lower at f2s.c, and sold up without inter-
ruptton 10 &c. Following the earlier trad
both good. bad and Indifferent. but which
had a very unset,ling effect upon prices,
which changed {. equently. Taere were
rains and deniaIs of rains from the North
west. where crop reports were also CON
Trajectory. Liverpool weakened aud closed
isd OF for the day. Paris also lower,
being off s4c to lAe, while Berlin and Buda-
pesth We're up 11sc and 1lc respectively.
The days export clearances of -four and
wheat were very heavy at over 1.G9S.G90 bu.,
bringing the total for the week up to 1884,
90 bu., against 1889 600 bu. last week. Local
exporters stated that 1t was impossible to
10 business abroad. prices being too high.
Just before and for sometime after the noon
hour the market here was comparatively
quiet and nervous. prices fuctuating be-
tween 6sl.QAsc, and zoe for Dec between
72Sc asked and 13c.
The feeling was decidedly weak late in
the day, partly in sympathy with Chicago.
and partly on account of rains and i'm
proved crop prospects in the Northwest.
The selling increased and buying at the
same time fell off. SO that Sept. declined to
6gssc, which was the best bid at close. May
closed at 12lsc. and July was nominal at
6Sssc. New York reported IS loads taken for
export.