The St. Louis Republic., 1901-05-10
UNSETTLED GRAIN MARKETS;
WHEAT DECLINES SHARPLY.
COLLAPSE IN WALL STREET
BROUGHT DISASTER.
Oats Held Up Firmly, but Wheat
Broke Badly and Corn Was
in Unsettled Condition.

i'll
The speculative grain markets were not
in 1t yesterday. not for little bit. the at
tention of the speculative people OF the
country being fixed upon the battle for su-
premacy between the giants that was ra-
gins in Wall street. Locally. the pit on
change a good part of the time was prac-
ticaHy deserted. traders standing around
and watching the chalk marks on the New
York Stock Board. with the result that very
little interest was taken In grain Of any
kind. Speculatively. the whole situation was
quiet. and an ali-rcupd weak and lower
set of markets were had. The greatest
weakness was shown by wheat. which de-
clined steadily. showing but little DISPOSE
tlon to react, and closed at a loss for the
day of ssc to &c Corn was much better
sustained. there being both losses and
gains. the former amounting to lsa7.c ana
the latter to &c. while oats showed no
changes at all at the close, that grain being
practically the same as at the previous
days close.
The collapse in Wall street stocks and the
fact that the edge had been taken of the
bull news from abroad proved the undoing
of the wheat market of this country, and
an all-round iet-down in prices took place.
There was nothing encouraging In the early
cables. as Paris was aali.c lower than II
closed the day before. the most loss being
felt by the new-crop options. and Liverpool
was quoted I'D lower. Dry weather was
reported in the West. Northwestern re-
ceipts were small but those locally fair.
There was a disposition shown TO sell early
and the July option opened 1sc off at 6fsc,
recovered TO 7oc. ana then broke to 6st4c.
only to react to .Oq1olxc. The sharp break
In Wall street had very bad effect, as
there were number of traders who were
long stocks, and had wheat bought in Chi
cago. These were forced to sell. and this
brought about decline that extended 10
all domestic markets. The decline here was
quick and uninterrupted. July going on TO
ssse. and May, which had previously sold
at 7oc, declined 10 13ssc. After the selling
pressure let UP there was q reaction and
July went to 6ss4c and May to I4Ac bid; A
very quiet market was had after this. Ca
bles from Paris reported 4 decline of l@2c,
but Liverpool was said to have recovered
I'D. AID closed only I'D lower for the day.
Clearances of flour and wheat were small at
isi. 600 bu., making total Tor the week SO
far OF 1885, 900 bu.. against s,So1. 900 bu. last
week. During the rest Of the session there
was little that was of interes, developed.
small trading. Then quiet but good de-
mand came to the surface that took almost
everything in sight, and only ceased when
sellers were ion 10 d nave Seen as oa'en rsnorf ou
that 60 loads had been taken at the sea-
board for export. On the strength OF this
demand July sold at Ss4sc and closed at Ssase
74asc asked. No market was made for Sept
There was very little to corn during the
first half of the session. as there was really
nothing to influence speculation or prices
The opening here for July was at 3tc de-
cline at 44tsc. but 1t soon rallied to 44Ac;
Then came the Wall street collapse. ana
corn. following the example of other spec
ulative commodities, went by the ooaro,
July selling OF to 44c The arrivals at pri-
tendency. but at the same time were IN
excess of the shipments. Clearances were
only 142 600 bu-. making q total for the week
Of ss1. 600 bu. against 1885, 900 gu; H. last Teen @
ing the last part of the session the ms. sis
ket was firm. and for July 44ssQsfc was pio
at the close. There was no trading gin, IN the
45lzc, and later that was asked.
There was q very firm undertone to wheat
all through the day and the maIks. flosSa 81 sec
session July sold at &c to 21hc, but the
break in Wall street brought out sellers OF
this option at 2ssc. though at the close
which closed at &c bid.
Trade Gossip.
.ss n subtle. III .sees es
IS Buiiet,n reports the worlds visible supply Of
ssesa sns avid aft ~hsss sssSs Msy sa April and
Su Ny os bu Last az wSieh feh s IN the
COUNTRIES The reduction in April last year
Mes sS against sl eu in May Ia.
year. when the sedustion luz in American supphes
So far this week the s g t. Louis public stock s<
Sses has ss s.ds S Su, eu but
shipments to outside mills. the week should snow
- s.sS-.s D r,,--.,.. ..-o,6,,ton ~ rrov-
poi..ns ehansss: Condition. favorable for growth
,arSush and ns tina.
ns a Nay nd june the
Z owned p PhIiiips and being shipped Sas al
sa Be :hppes STOCK ms
year July win certainly b oid-crop option: II
and believe contract oats will be very scarce
Il at to in fags saus sa' 1us n.
saS has r. my yus W a .y T sis' nd dsal .a On
% uise all sherts ' 70 cover while can S a. present
prices. A purchase Of July even now Will show
handsome profit in my opinion
"A Paris cable reported crop prospects becom-
ing less favorable. the weather cold and wet.
bss ssd sae saa q s
much about crop conditions.
"A Has.n.s S:h. grain dealer ,o TT,,e' as;, "
"a the Colorado line are the best in tho history
o1the State.
, -Eheat receipts at primary markets. $4,000 bu.
asafnS SCI 600 bu. a week ago. 52so00 bu. a year
aSo a.. S25. 900 bu. two years ago. ct, Louis
received edus1 900 bu. against COO bu. week ago.
and 1920 "a year , ago; shipments from primary
s -PrinsSr. @corn receipts. $4,000 bu.. against
~ ooe IN year ago. 5000 bu. arriving at 81
Louis , ,ssst 5000 bu- one year ago: primary
-Prims. 1oats receipts. $4,000 bu.. against
2Se, ,000 ~, }ne year ago. 900 arriving at st.
Louis AZ. 3st s. 600 bu. year ago: primary
Ihipmenfs Y540.ooo bu.
& Cash Grain, Flour, Etc.
.wHEI sAT--cash Market--Received 7ss SKI. and
carr focal and II through Lower, Sample
nerins - very small. and the little choice o. sale
alsr eby rf1iilers No 9 red sold this az