The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-08-21
3EARISH CONDITIONS
PREVAIL IN ALL GRAINS,
Wheat DECLINED A CENT
AND CORN OVER A CENT.
Foreign Advices and Weather Con
ditions the Principal Bearish
Factors in Wheat and Corn.

Bearish conditions of different kinds, and
o some extent sentiment also. prevailed in
he speculative grain markets yesterday,
md were principally responsible for the all
ound and sharp declines that took place
turing the day. and closed the two leading
cereals away on in price.
Yesterdays wheat market was of the type
ghich has become so familiar of late. II
moving both strength and weakness.
hough far more Of the latter than the for
Ter. with the result that further declines
o place in values and the bearish senti-
oent was increased. The setback in price
Shich took place was a serious one and was
influenced TO a great extent by the contin-
red liquidation of long stuff. but primarily
q the bearish conditions at home and
broad. The cables were bad. Liverpool
howing an advance of only Nd In the
northwest the weather was still favorable
or harvesting and the receipts were in
reased at all the leading markets. There
gas q disposition shown to buy at the out
ct and December opened 1-l6c better at
SI4c, September selling at 7O1c, but weak
sess At Chicago and In corn checked buy
Gg. and December went on to 73sc and was
ffered at 1Shqhc. while September sold at
NC and had sellers at 1vlzc. May offered
1 ~ Nearly all the market news re-
siveo subsequently was of a bearish ma
ure, about the only bullish information re-
eised being Bradstreet's decrease last
veek. Of 4z.v0 bushels in the worlds vlsi-
lie, as against an increase a year ago of
early 2.svJ.Ou0 busheis. Public cables were
earish. the least SO coming from Liverpool
nd Lonoon which closed I'D better for the
ay. white Paris was ixc to lxc lower. Ant
terp on &c. ana Berlin &c. The export
learances also showed a falling OF, the
mount IN four ana wheat beng only 43s,v0
'Jsneis, ano no new acceptances reported
ION the other side. All the markets OF the
o1ntry were weak and lower and December
sere sold or to INC, and September to 70c,
ans selling at INC to Tisc. Selling con-
aired to be the only thing at Chicago. and
o encouraging news coming to hand the
seakness became more and more promi-
he day was reached, the December option
eiling at 7z4c. while the close was s4+c
over for the Day at 7zAc sellers. Septem-
own at that bid. and Nay was ic Cd AZ az re
sked.
SELLING was the principal feature Of the
geak and bearish market resulted. Rains
sere said to have fallen east Of the river.
"a cables were Sis.ppointins: Liverpool
improvement. All markets were lower and
Ezces naturally followed suit here. Decem-
sr oPentng the same as the day before at
&c. from which there was a decline to |
DC sellers September sold at 59hc to 5ec. !
nd Nay At sc, afterwards being offered at |
SkQAc. There was q rally to e0Nc for De- |
ember and to 6eSc bid for September, May .
elling at 0hc. but the market soon weak
ned and the gains were wiped out. Re- !
eipts were fairly large. but the shipments
vere light and the clearances only 1900 \
,ushsla Near the close the selling increased /
nd became very heavy and for long ac- |
too. December sold on to boxc, and |
Il close there were buyers at lie decline for !
day for December at 5s&c, at 161kc OF I
. 0k04c for September and at 161hc at
Is for May.