The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-07-30
WEAKER AND LOWER
SPECULATIVE MARKETS.
tGNEITI0NS BE.ARISH AND
GRAIN DECLINED.
Coarse Grains Mere Weakest. Dw
imy la General Kiins-Wh heat
Holding Up Better.

iloluinI ! y Better.
30 ru;ls were knocked ont Yesterday
ana wcr, 10 4 vrry Gisg:untled cord,tior
w,l-. t';e markets. olascd. The conditions
weic aNs.ir ~ l-ar:=h. Ore o. the most
i.Gae:.; u We lie waiter which &C. in
its vrs'. .1 l-eu- s,lace. Bringing about
shs-a ...c,.;-,- T. a. era,Ts and Closing an
m-ll,ts Ve,y nuch lowe: Traders or.
aai IL. bowed to The inference OF ;he aea-
,a,al RAINS. aG'. as all looSsi Tor arioti'er
l=:lr ,,T'sle. ,ney '"ere not disappointed ever
IN" actions Of - markets. AL of them
opening - love- ard closing at - nenr
the bot m prices O; The day. In fact t.lerc
waS hC: orc -iie - tire situation IN! that
WIS - selling side. and lioaiaticus we're
INDUCED ~ freely all through the day.
Trading WAS ;lut ,liiic1 g: ~ trisk'y IS
II WAS during tho booming days al last
week. outsiders were n.atiy all ou: OF the
market, and there Were lever country.,ien
or the floor. Il was the coarse grains that
suffered the most. the bearish conditions
that prevailed being particularly eifertive IN
corn and oats. the first named hre akir@
AWAY gsGei.c to 2ssc. while oats lost from
lSsc 10 ls4c. Wheat. on the other hand.
had better support. and at close was oniy
Use To l9xc lower.
All the early factors having an influence
upon the local wheat situation were bear
ish. and included weather. cable advices.
receipts and the break in coarse grains the
latter having most influence. In the North
west 1t was stated that conditions were
just about right io- spring wheat Liver
pool opened up with 4 decline of sd and
NE worlds shipments were large. while
the amount on ocean passage was increased
$4,000 bu.. against 1856 bu. increase one
yea ago, The receipts here we're reported
81 ;3d.t9o bu.. or 1000 bu in excess of those
of last year. and all domestic markets were
lower. The selling started as soon as the
market opened. and was sufficiently heavy
which was sc Off from Saturdays closing
Price, There was good buying support, at
me a, decline. and a rally to s6Tsc followed.
The opening for Dec. was at 69Zsc and it
SOLD on TO s9xc. A let-up in the buying
and more long wheat coming out. together
y, VIII N me TACT that other markets appeared
10 De growing weaker and cables were eN-
Liverpool closing lsxd lower for the day.
renewed selling, and Sept. which had man
aged to struggle up to &C. broke down to
T y;sih, ~ni ae,, Dec sold down to sssc. The
1ound to show an increase of .5S3. 600 hu
winch more than doubled the Increase of
a year ago. and the first increase of the
IIesene season: This naturally did not helm
IN, Inc market s. though Sept. managed to get
to sc Tespeetiyy. after to sellers and
ana wheat were large at $4,000 blu. b,,t
1,ernn was 1c lower and Buda- Pestb Ic off
s3ursnS AZ q good. strong demand for July
S. 1S me early hours. and IT was bid S5Iac
put did not sell. During the last part of The
NY ny nas, S was In full blast. and weak
prices persistently as there was na mn naes
% 81 an eneourssins nature. and only So loads
the seaboard. Sept Sold on to- s SpSss az
sered Slo os SIT e. ss bid when Dec Was Of
hYf
over s57so at the close was .'e worm
me long drought was broken in the co orat
raising States Impaired a very hearisb fa.I-
, NE 70 corn. and a slump in prices took
ing Of the market The rains wepe e s,i rao =,
pc neavy nearly everywhere, and esneci., IN,
for 5a Iowa r.oa. Conditions were also favorable
very much IoSea ana the Temperature was
WIN e rush as soon as the market oneneJ
s sho,t t9 9s sept option broke 1Ac in a very
SHOT cime. opening sales being at 54l.c and
we're Quickly followed by sales at bac from
wnicn tnere was a reaction to 54Lsc again
uu. as the selling craze continued there
WINE selling at 55isc to 55Lxc All the mar
kete OF the country gave evidence of weak
ness. which even extended abroad. where
liverpool was reported as being 1asd off for
me DAY. The market continued to decline
mere, and Sept. went OF to 5s1sc, and Dec.
70 70 e ~ A reaction to b4c for Sept. and to
neavy. and as there was no let-up to the
selling the market soon commenced to de-
cnne again. and on the break Sept. had a
seller at 633sG5Skc. and Dec at Sic The
visible was increased $4,000 bu, as com
pared with a decrease last year of i SS2 ar
bu; CIearances for the day were small al
only 900 bu. A rally to 5Slxc for Sent. and
t4ssc Tor Dec. was followed by a let-doW n
70 bS1tc and to 5ic sellers respective
~. which was more on account of weakness
at other markets. the selling for long &C.
count being light Near the close the buy-
ing became better. and at close 5sls@ $3.50
was bid for Sept. and 54i2c for Dec. july
was nominally unchanged at 53lsc
While Influenced for the worse by the se.
clinee and weakness in other grains there
was not the same selling pressure in .he
markets Tor oats that was to be noticed In
wheat and corn. However, the market
opened iower. sept. being &c off. at 3Jc
from which there was a further drop tc
Sahc while May sold at s7%c. Late in tht
day the selling craze attacked this grail
and 90 much was thrown on the market thai
Sept. declined to 33Ac, and May was Offered
at S6xc There was decrease in the Wis
fble OF $4,000 bu.. against 600 bu. a veal
ago. No further decline took place in thi.
grain. which. In fact, improved little
Sept. going to 34c, and finally closing a,
SS3Sc. but May went down to :,6i.c, anc
closed at 365sc bid.