The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-06-30
GRAINS UNSETTLED
PRICE CHANGES FREQUENT.
NUMBER OF UPS AND DOWNS
DURING THE WEEK.
But the Bears, Most Of the Time,
Had the Best Of the Argument,
Though Losses Were Small.

The speculative grain situation at this
point during the past six days. owing to the
unsettled conditions that have prevailed. has
not been without interesting features. The
different markets at times have been domi-
mated by both akn and strength,
though 1t can be truthfully said that there
was more OF the former than the latter. n
conditions and influences were mainly Of q
character to help the bear side by bringing
about a bearish sentiment and consequent
weakness. However. the bears did not have
things their own way by any means. and
they were forced several times to protect
themselves. 1t was q rather trying week
for both sides. bears and bulls being ia
vored In turn. and as 1t turned out neither
side was in a position to do much Boosting.
such advantages that they reaped being
small. and. taken as q whole. the situation
all the way through was a disappointment
to all concerned. there being more elements
OF uncertainty than have been witnessed
for some time. Weather and crop condi-
tons at home and abroad were the chief
1 TasDs. factors a sss,; and p, probably sSa y had "a TIM %o ss,,t In
ent markets than anything else.
The wheat market at this point closed
yesterday with speculative sentiment lean
ing strongly to the bear side. and with
prices sharply lower for the nearby. op-
ton. but practically unchanged to a frac.
ton better for those far OF. Both bulls and
bears had q whack at running the mar
KIT. and both have been more or less dis
appointed over the success Of their efforts.
though the truth Is that the latter have
had the best of the argument. Al one time
on good buying OF the part OF foreignera.
which wa induced by some very bad dam:
bull upturn. Bullish sentiment predomi-
rated for a short time. and prices were
worked up over a cent. but It turned out to
not holding out. and the bears! taking fresh
courage. succeeded without much trouble In
wiping out the advance. and once again
stsyed with the market to the close. not
outstanding that there were combinations
Of the damage reports from abroad. Bear
n 1sn - cGnSss,0n sbos e'V "f q buii!.h Character.
For instance there were the prospects for
an enormous yield of wheat In this country.
harvesting was well under way ana pro,
for the purpose. and new wheat had already
commenced to arrive. the receipts from this
source incressins WITH eacn say: ,,. an,
most Of the week II was dulsed IN freely.
commission houses especially selling July
against new wheat to arrive; But little At
week. they being overshadowed by crop adj
vices. but most news of this kim was
favorable for the nulls: though 1t r had no
eign and cash situation was not altogether
encouraging early in the week. though II
Improved some later. when sdysnced mar
buying on this side. Still the export bust
ness was light and the weeks clearinss fell
considerably below those Of the week be-
fore. though they were in excess Of those
Of last year for the same lime The selling
pressure was quite the feature the two
closing lays OF the week and values de-
H1%c on for the week. In July. hut the
same as last Saturday in Sept. the frst
famed d, b sas.s quoted S%Se at x SSite 9 buy Sc. and the
better for the day at esAdes,1c selleraI
There were periods during the week when
the corn situation held out encouraging
signs and managed to develop considerable
strength, even in the face of some decidedly
bearish conditions The situation. however.
and prices were never worked up very
strong. Still they DID not show the weak
ness nat wnea1 ,c S,d IL tnom2n the eSaTse
liner. As in wheat. It was chiefly weather
and crop conditions that had the most to
the actions Of this market The
cash situation was not what could have
been wished. and buying for foreign ac-
result that the export movement from this
side fell below that Of the week before and
the same week a year ago. The receipts
little disposition to sell. and the Visible sup.
ply showed a decrease. Shipments by ex-
porting countries. including Argentine. fell
in a small way only.
Lack of rains In the corn States was a
bull argument. a. II gave rise to fears OF
nounced during the closing days. when con-
siderable strength was developed. This
was especially true Of yesterdays market.
gains Of from sc to N@ic. with the
result that July closed with a loss OF only
&c at sc. and Sept. was NC higher At Ha