The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-05-17
THE GRAIN MARKETS
SHOWED WEAKER TONE.
GRADUALLY EASED OFF,
: CLOSING AT DECLINES.
Wheat Was the Weakest and Lost
Most, Cheaper Grains, Espe.
: cially Oats, Holding Up.

:: cially Oats, Holding Up.
The grain markets Of this country were
again more or less under the Influences
which have lately governed speculation In
the different cereals, and which have been
: chiefly weather and crop conditions. they
being the most potent factors at present.
The different markets during most OF the
day were tame and narrow. and also a dis
appointment to both long and short inter-
esta They were all inclined 10 be sluggish,
prices making no movement either up or
down Of great significance. Weakness. now
ever. was one of the leading features
throughout the day, and II grew upon what
II fed. being especially noticeable late In
the day, when values fell away quite
sharply for wheat. which grain showed a
loss for the day of from i2c 10 1itc. Corn
was a little better sustained and the days
decline was only &c to &c. while oats
showed a bold front all the way through
and at the final wind-up was from 1sc to
Nc higher in price as compared with the
day before.
Neither side was able to get much en-
enlargement out OF the early wheat mar
ket yesterday, and until on toward the
close of the day the situation was more
or less Of a disappointment to both bulls
and bears. though the latter triumphed in
the end, and the market closed at an all
round loss. Thu first weakness was caused
by rain in the Southwest and In sections
where most needed, and was said
to be heavy in Oklahoma and Western
Kansas. and the conditions were for a con-
stinuance. This news was sufficient to start
selling right at the send-of, but as the
.A~ktA>~A -,-- f--1t-~l - ~ stu @hfNIiGh
there were buyers ready to take offerings.
July. after opening Nc lower at 6sisc. at
once sold up to 6sh@SsSc. while May was
held at 7sc.
There was little consolation for the bulls
In cables. the response to the advance on
this side the day before being light. Liver
pool only showing Sd advance. Crop-dam-
age reports were received from Kansas.
Missouri. and Illinois, and these helped the
bull cause to some considerable extent,
though II was found impossible to get July
above CSC. while May was ~undeniaoly
weak, and was offered down until it finally
sold At &c. Clearances for the day were
only $4,000 bu. In -four and wheat, and
for the week 1,S5s.000 bu., against 2.a26.0O
bu. last week. Liverpool closed Nd up for
the day. The market held up well for some
time. for the reason that shorts were afraid
to sen. and there was considerable buying
on Ill. loft spots, but the weakness in both
cash and May and the free selling Of both
finally got In Its work, and July declined
to exc, N closed At that bid. Late sales
of May. on the other hand, were 1Nc W
for the day. at nc. Sept. was nominally
reported a. ss :. i ss,ds only on .ne 1ea00a'u were
The position Of corn during yesterday.
while somewhat better than that Of wheat,
was far. from being as satisfactory as on
the day before, the early weakness Of wheat
q the reported rains in the West having
q had AhA0t EnAA0tnk. A~l I>~ -. l-
ers. were small n primary shipments
neavy In clearsnees were also large. at
tn:ooo nu. for . the day. while for the week
last week. At the opening July sold i-lso
lower. ct N1tc. but as the selling pressure
. bias s SSs %:rt .sd 4 sssDw wss paid iesa and M On the
Smsrkets, n the fact that Liverpool wa
up Nd. Il shortly sold up to lsNc, but again
tSs on, , ana had q seller At lzT@4sc: In
Late, July went to 1Kc. but that option
couragin@ In the cash business, and only
close May WAS $40 ssIiesH and Sept SHe
Crop news vas bad. n oats early. IN
the day were arm, Nay selling ct 3oMc, and
thers wsrc lids q, MO for July and 80
g ssss but as! sep II me @.e st s. ANY ID ia: "a sss nd
S--ceeakeing Of he hats cessation Of wheat buy
ing By 0sfmany. 7: Lsoders & Co. of London
y s..lsss 81 81 s ssss:S n :aas r sS s:n'; ne e s e;asss.
sssns :. e S. p. r.. Es.nc 4; sson,,nsntsi Seslsrs Ssy.
s ss;.S sSa.oh:;s. .sisA 81. have made. rand and
ecnsansss and soonsr Or issss s% %e ss,a mailer ss
ball - the demand revive. - from iii sc-
.s en- = r: sSa!sas g .s 4: z g..a e % essasn Dssy, s;s
scoa have 70 look round TO satisfy their own
-: 80 3. psses!esny ae aassri b. 't a%.ri Iass
s:Isss.:aly IS 3s E s e1sss. : sns 4 shi /. r, ssi,s s1 ssSs. 4
90 sslf g. g :.1Ssss b: been shtpPsd. from that
S f:ss ss 90 /: s mn jPsi ss.s Sss; = =. saSI's s:
e s; e; ss,i 81: .Iel: q c ss:ss e :. a asss s.
s sSess : iPesess n i.nstht were cut Oh .:
~ = s sss / "a. his 6. ,. saerss a..s y .s . : sharp
naent mat Illinois would rend out q howl
, n e s; sc S:s sss.i T s0r.s %.se : bun an! ron nj ii. All
e fo% . wlrchestsr Ii, banker. in which he
VI vss.S.r nseded to oni prsVen oss dam m . wneas and
IT, Ctnctnnau Pfics Current says: ..prv
decIns q xhsss psom;se nm Genera Genera . r %naer ate
nssded: msswhe1e the crop Is Gne. Oats and
ruin s srs iis &. only har. Farmers deliveries Of
EThts weeks clearance Of hour ana whoa,
l.s@:6e Su. q. tha. week. mo'n larger than tho
esoN y q 9ofto0 Z Co. Just returned
: right cut there. He found . eenerai idea. how
j srsf. mat their ground was Becoming thin and
shst naans wsss absolutely neceasary for them to
Nov York wired: first crop report, eve, ~.
Great Northern Just received. Seeding COM
1 plete0: acreage larger. Prospects for corn ana
\ snaii G rains e~xcelient- One Of the best reports
ever received At this season"
u telsSam from Kansas says: ..Drovs q
rsin: on = PEI cent no damage to amount to am.
I tH4i18s Sno nam n0e yet needed. Condition verv
Z mSn. DamAee may occur later from lode.
] but rsin nssded. TSinr repol1: o osu ds nay. aso.
: surd-" Nse I'D
Primary corn receipts ~, 90 bu. axa,n,, -
: ~ no year ago; %. 100 bu. arriving At 81.
aCsass asainss SAeeo hu. one year ago: primary
oats receipts 10000 bu., ssatps. 1ss.
~ % one gear ago. g, 800 arriving At ST. Ioui:
( sGasnst 1.e0o bu- . year ago: primary shipment:
WHEAT rcesipts At primary market. siscu
year ago. and s1s.0N Blu. two years ago.
st Louis received q. 100 bu.. against p. ON
week ago. and U.600 bu. q year AGO: sbin,ne,,
nop primary points slI.oW bu.
Cash, Grain, Flour, Etc.
market: Received 1,O3O sks and
g cars local and 8 cars through; steady and ouiet
for samples. the offerings OF which SINAI, hut
NOT much milling demand. Sales OF No. ! red
!. aelivsred were at 1titc this and &c E. side; No. 3
a &C 70 7zhci No. z hard nominaIly zoe to Sic.
y SACKED lots sold at eodS1c for low grade. Ssa1Syc
20 I@7z,tc for fair to good; holders Of No. > RED
!. their basis. Of. saies to about sisc a above aeaI ISlr
81 LOADED. ONLY. .. 900 taken for outside mills at ths
fcut rstes. and no export business at all.
.CoRNICssh market; Received. go SKIS. and "