The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-08-22
GRAIN MARKETS
DECLINE AND RECOVER.
CONDITIONS MORE FAVOR
ABLE TO THE BULL SIDE.
The Buying Was Very Good on De
clines and All the Markets
Showed Small Gains.


The wheat market gave demonstrations
yesterday OF what II could do with tho right
treatment for the bull side. and under in
fiuence Of a bullish nature. With bull sup
port and considerable news Of a favorable
character to the long interest. the market
worked UP. and the close for the day was
at advances Of from haSc to sc. Early
factors were unfavorable. and included
large receipts here and in the Northwest.
promises Of rains in the harvesting sections
OF the spring wheat country. the Govern
ment's report Ct a disappointing yield In
North Dakota and lower markets else
where. There was not much of a decline
reported at Liverpool. which market opened
sd lower. but recovered I'D. but Paris was
reported 2hc of for the day. The initial
sales here were nc lower at 72kc for Dec,
and sic for Sept. but. as buying was
quite free at this decline, there was a rally
to 724c for Dec, and to 6S%c bid Sept. AS
the day advanced the market became
stronger. partly in sympathy with other
markets, and partly on account Of the good
buying support and the nature OF the news
received. There was little satisfaction to
be gotten out of the closing cables. they
reporting declines of sd at Liverpool. sc
at Antwerp and Buda-Pesth, 1c at Berlin
and nc at Paris Nothing that could be
considered as favorable was reported by
for business. and bids from abroad lower.
Export clearances were small also at 209. 600
bu.. The above evidently was not consid-
cred by traders. as speculation seemed to
be very bullish. and in a short time Dec.
e to 72sQ73c bid. and Sept. to 7o,sc.
OF the market was the cash situation.
which was reported as very much improved.
high prices being paid here for soft winter
expert. The seaboard also reported s loads
taken for export. The feeling late in the
day turned very bullish, and the buying
up to 7sHQNc. and Sept. to lose. the first
asked. and May at rs nominal.
Quite free liquidation was the feature Of
the local corn market early yesterday. and
with the very bearish factors that came to
subsequently there was a good reaction.
prices took a higher level and the market
closed with a small Improvement for the
besrish factors was as Liverpool GNs ool 1 where Pe'H there
Was . decline Of I'D. Then the Government
weekly summary reported improved condi-
States and more rain had fallen east Of the
river. The opening here for Dec. was I5c
lower, at 5skc. and it sold OF to 5sNQ59c.
at &C. At the decline a demand was de-
veloped and the buying was sufficient to adj
vance Dec. to ssNq5sl1c bid. Sept. to sslsc
ana Nay to s2AqS2zc bid; A DECLINE to ss4c
other markets turning very strong with the
strength In wheat. brought about another
improvement. selling decreased and the de-
mand increased, 30 that Dec. advanced and
sold at 6exc. and there were buyers at
ss1s95skc for Sept, at csc for May. The
n reSsiP 2Ss .: .b,I Dr,%ary mn markets hsf, were .I Larger
while the ~clearances were only $500 bu..
and Liverpool closed I'd lower for the day.
The advancing tendency of the market was
Argentine, and also from Liverpool regard
ing the future supplies Of the former. Some
export business was heard of. and senti-
ment became quite bullish. so much SO. in
fact. that Dec. went up to 6Oc and May 20
csc. closing with buyers at 5s7sc and S2Ssc.
The last sale Of Sept. was at 5sxc.
The local oat market early was a small
a1air. there being neither pressure to buy
or to sell. May was offered the same as it
Oct1 Sc was bid The advance in other
grains impaired strength to oats, and after
e asy s0 az at tbs ssai sent II was s.I Did al up sI to i tso and
cash was strong and higher.
s Traders' Gossip.
5oorn seeeips: at primary points. f5s.on bu..
esSo bu. as.inst o.s" bu- last year. Primary
against 49, 900 bu-a year ago, 20. go bu- arriving
a, St ,b louis; sss ss so = |; bu. last year. Pr
The Michigan crop report makes the yield Of
wheat per acre IL bu. compared with : bu- in
smaller than last year. Farmers will SOW rye
Gao bp.. against I.ls2.oeo Blu. one week aso. lisa
go 1d.a year ago and sls:c 600 blu. two years sgo.
. week ago and Y, 100 bu. a year ago. Primary
~ 49,. 49,
and Iowa to cone to 81. Louis has been ssitehsa
50 .. to 60 to Kan-as City. latter market lately
Kansas city to feeding points in Kansas. ~"
here is difaeul. to obtain. and then only " i 10 a
small amount and at q high rate. This has led
and INTENDED to take in and carry amy cash cash
wheat delivered them on that months contracts.
erpartations Of wheat and nour are due to the
ssertage Of both articles in the European market
ward their goods under July contracts" And il
Irsy BE added, ocean freight room is in such
are taking sept shipments in Aug. at The Aug.
rste in order 10 MI out their room and sail.
eqral 70 SIC per bu. This would show. with pre-
IN S,0 S:rs Sse aSss m s,nss S Sss declined LIN IL ne adsse &. PSlps
than cutting In Two ire advance which had TAX
ha: advanced to 12lsc in St. Louis and since has
- 81 ~ AfNANt SdlQ tuAl Adte lue<G2y
ne received q telegraphic offer uf tonnage from
the esaboard At the low rate of SC per bu. to the
Continent He offered wheat abroad last night
based on that low ocean freight. and a low ALL
rail rate, but did not even get q response from
the people he made the offer to abroad. Another
exporter said his cable bids had been reduced !
marx, or nc. per bu-
Cab Grain. Flour, Etc.
narket-Received aiA Ska and
= Sas local and = cars through Wen sus;
whach sufficiently small to keep milling demands
q - and pay from lhc to DC over Sept. for
ssl:s e car lots No : red az ny TIL: and
yuosshas q 007oc. SKID. in elevator sold at zoe
sSs Ne Z cc. &c for No: s red and sc for
miiiczs e under sept for yellow belly .s &Hc.
an4 Iorksy 1t 1c an exporter paying NC for
sSSq cadea; No. 9 hard sold at Ss6sekc.
vC001.cs.n narrss-Hsesived g c.rs local and
ssytaf. tSsg Peytng ss9skc for No. . and ~
~ f6r No Z both mixed and yellow. switched
70 tAs housa Ltt1e shipping OF. local demand.
- Sssies W e.ld No. seilinf st &c fhis
6IiS-CasS srkst-Recei II cars local and
49, ~~@A 49, A-A .&-NA. eAA Anmx{A~a