The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-08-09
GRAIN MARKETS
ALL CLOSED LOWER.
OPENED HIGHER, But TRAD,
ING WAS LIGHT.
Favorable Weather in the North
west and Profit-Taking Was
Responsible for the
Decline.

The local grain markets were rather quiet
at the opening Yesterday, but early Liver
pool and Paris cables were higher, and all
Of the markets on this side were stronger
which. with q continuation Of the bullish
movement OF the previous. day. kept prices
advancing for awhile, although the buying
was rot heavy.
Sept. wheat opened at e97sc. sc higher
than the previous days close. ana soon
sold I'D TO 1g.c, where ii hesitated Tor
a while, and then started in on = gradual
decline.
There were very bullish reports In regard
tn the French wheat crop. but as later Pans
cables were lower. closing i.c lower Tor
she dav. the trade did not take much stock
&, thess reports. notwithstanding tie iact
thai Antwerp closed CSC higher, ana Lon
don showed i gain for the day OF %Tla-
Clearances of wheat and flour were
heavy. amounting to $4,000 bu. for the DAY,
ana bringing the total for the week up TO
selT.oo. nearly one-third more than tnose
OF the previous week. and over three liIhes
as heavy as those OF the corresponding
week last year ,o,r,s
were tighter. amounting to only ie-o'o pu,
AS compared with $50 cars Tor the corre-
spending date last year., and snipmehh ~,
We're 5sS. U1e, as compared with sSs."o pu-
last wear. Receipts at Minneapolis ana bu-
luth were also light. beng only Isl cars as
compared with 2S cars a year sso; as
receints at ST. Louis were 1870 d.. d.
COMPARED with l0p.360 bu. a year ago
Notwithstanding the builish news row
ever, prices continued 10 sag. anu S, ,ba
wheat closed at the lowest point ior 'ho
Dec. Wheat opened at 72lsc bid. sold at
7gsc, and then. On the s aaa but de-
lined later. and sold down to 'E'sc' anu
closed at 72.c bid ,c, they al,
showed an advance at the close, were out
of line with prices here, and no eApoi'
business was reported. s-.,, WAS
CORN-News in regard to this cram 49,
ali bullish at the opening. and an esumass
of the Cincinnati Price CurrenI t ~ ~, ~
corn corn crop would 4. not n, BE be f %1Intq estimate OF
l.50y 10000 bushe s was. worked LOT III =
Was worth. Country points reported a 'eis
GIearanees were small and amounted to
only l72,co bu-. making a total Of only o o.
os Su. for for the the nreAios as SompafTiah there Te'V was !
zood cash demand for both loca! accounl
and from shippers. but, notwithstanding a,
of the buliish news. prices decLn.d iater II
the day. and the close Was at the bottom.
Liverpool closed I'D higher and London 70
Sept. corn opened at 5ac. i4c higher thai
the previous days close. 1t sold up e
ssHsc. but here it started to decline anu sol.
down to 57ts,. as there was consl lerabi'
realizing by longs. and it was offered at TN
close at 5skdS.sc.
- Dec. corn opened at 6pc and Soid up 10 pic
hut dropped back to Sole and closed at tina
figure.
May opened at &C, and sold up to ga. bu
was one ed at 6 sc at the close.
OATS-Trading was light. but the marke
was strong early in the session. In sympath!
with wheat and corn. The cash dtman'
was light. however, and the market weak
Sept. oats opened at ssFsc. but sold dow
TO 36ixc, and were worth nominally oni.
36Sc at the close.
May oats sold at 39Ac early, but late
were offered at 39Ssc.