The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-06-16
A BEAR WEEK IN
ALL GRAIN MARKETS.
SPECULATIVE GRAIN SITUA-
TION ALL ONE WAY,
Weather and Crop Conditions
Caused Free Selling on the
Part of Longs and Shorts.

There was only one side to the grain sit
uation last week. and that side can be
readily guessed. when IL Is taken into con-
sideration that the selling side was the
most favored and all grains lost heavily,
but were prevented from closing at the
bottom by a rally that took place the last
day. and which was particularly pro-
nounced in the coarser grains. Bearishiy
disposed traders were aggresstvely inclined,
and. meeting with no serious opposition,
either in the way Of news or bull senti-
ment and support. found but little trouble
In running the different markets to suit their
particular views. As a result. weakness
was the chief feature Of the general spec
ulative situation all through the week. and
the actions of the different markets were
quite In keeping with the d~evelopments.
which were. In a majority Of cases. Of q
i Ssaas OF y Snasae1 Sa. estaSlisSea- 4. 3 dus iS~ss
general situation throughout most Of the
lions. There were no exciting incidents. and
most Of the week the markets were slow.
dull and tame. There were no violent price
rupted decline. reactions being few and far
cause, as they were almost always fol-
lowed by more pronounced losses
Wheat in the local market wound up its
week career Yesterday in a badly damage
eA1 -
NO evidence Of strength and hardly one
friend on the floor Of the exchange. 1t has
bull cause, the market being confronted BY
conditions and influences that could not be
withstood. and that changed sentiment very
materially. Throughout the entire week the
market has been almost constantly under
bearish pressure. both by reason Of long
liquidation and the operations Of room ira
been expected, prices for the week have de-
clined almost untnterruptedly. the occasions
being very few and wide apart when the
downward tendency received anything 4
a check. and then IL was only momentary.
h Developments throushout the week were
Certainly uni Inie Sts BE- ron . ou1 point Sf
lions were favorable during most OF the
week. and IN the best condition for the
was under good Roadway In certain sections
Of the Southeast and West Tho Government
report, a. expected. showed deterioration.
out indicated Q crop considerably IN excess
OF that OF last year and was therefore far
more innusnsia! on the bear than the bull
the year. and the visible increased le1a.oeo
.T Tns wC ri as. sh1D% Ds..s :. .s ssel l:s: 81 sg ~ t he
bu.. and Bradstreet's reported 4eo0O0o tu.
decrease in worids visible. There was moth
Situation. 'as asssieS %siaS s sns9u a.nsI:i,1 N as lie e :.s
bears. A fairly good export businsss vas
those Of the week before and were but fttis
larger than last yeara According e
Brad.treets The clearance. we're 3sa,1S
oS bu- a year ago. The disposition to sell
developed early IN the week. and II met
v wts ! SO little r sss sr that II continue rs
time rains save rise to the cry Of "sse
" affected. the feeling being too Strongly
bearish- The situation grew weaker md
weaker as II drew to q close. and although
terday the losses for the week were d6m
ers RS and Sept. At ssssss sis.'' ~ WIZ '''
There Is but little to be said Of corn ex-
cept that II followed closely after wheat.
and asray up to S yesfe s6as co ~nsn there . wa. = God S0d
ing the week. The market all through the
week was badly handicapped by the wealth
the crop. and also by a lack Of speculative
interest, speculation all OF the week being
light. There were not many features Of IN
the time was exceedingly quiet and tame.
were small. but 50 were the shipments.
Foreign buying was pretty fair. and some
increase was shown In the export clear
ances. which for the week amounted to
2.5ee.sA bu, against .4S.1o2 bu. last week
b. exporting countries were large. those
from Danubian ports being nearly n large
as from TINS Country ana tne amount on
ocean passage was increased 1.21S.00o bu.
On the other hand. the visible supply Of
this country fell of $4,000 bu.. but Brad
streets report showed an increase In the
available Of esl .00 bu-. az compared with
q decrease last year. Argentine shipments
were large ard exceeded those Of last week
by over 100000 bu.. but there were no Inn
portant changes in Z 'sn markets. Prices
declined considerably lp 20 yesterday. when
there was a sharp and unexpected rally Of
&C to TIC. which cut the weeks Losses
down very materially, the close being only
1-1sc to nc lower at E%c bid for July and
&c asked for Sept.
There was pretty heavy liquidation dur.
ing the week in oats. which was brought
about by the very favorable weather for
the crop and the Government report. which
failed TO come up to the expectations OF the
bulls. while IL encouraged beariSh demon
STATIONS against the market. There was q
very encouraging reaction yesterday Of Nc
to &c. but still the close for the week
showed declines of from kc to &c. July
closing at g7ssc and Sept. at sc.