The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-03-08
A BAD DAY FOR
BULLS IN ALL GRAINS.
GRAIN MARKETS WERE ALL
ONE-SIDED.
They All Worked Lower and the
Close Was at an All-Round De
cline in Prices.

mated on the floor OF the Merchants In
change. The feeling was weak and bear
,eb all through the session and grains of
all kinds worked lower. a selling movement
taking place that resulted in much lowe
prices for the day. wheat showing a Joss OF
sc to &c, corn Of lie and oats ltc. At no
lime during the day did the operations
prove advantageous to the bulls. Tor. While
there were some few spots of comparative
firnness and some adviccs that could re
construed as favorable. most of the influ-
euces were bearish. and sentiment appeared
TO be against any bullish demonstrations
and the results were as stated above.
In tho case of wheat there was little or
nothing TO encourage those favoriilg hlsher
prices. One of the principal bearish intlu-
ences was the weather, there being a EerF
decided rise in the temperature, ana lndica-
tons that still warmer weather wouid from
now on be experienced; in other words,
that spring had come. Nearly every other
factor received early was bearlsh. for M
stance, Liverpool, so strong the day pelors'
had lost the Id advance of that day. iae
cincinnati minated tnat me
late cold spell had done no serious damage
10 the winter wheat crop, ana the fcssipN'
here and in the Northwest were Large. lheFe
VAS ouIte free selling ut the opening here,
and May started oft at l4c lower tAaA ~
closed the night betore. at iStca."Hsc' anu
ar once went OF TO .5isc. AT the LatteF iHete
mere was a tar denaiiu, inoslS rom "a
slae milers, put no cnitiSo OF cei1cqueiS
III rates, though May oiG nnal1y $50 ~
get up 10 l5-sc, but was uhalpie lo-toit t.li3
advantage very long, OWING 10 the ueihaitu
letting up; July was quiet anu SOU az -
or sc lower tnin IL Closed Neuhe.uas. 80
mary Western receipts were siiilheI ~ ~
Ihosa of u year ago. but they Were aso
small. those for the day amounting 10 oeo,-
go bu, while for the week tney iooleu up
2.SS6,tD bu., against -,iiLND pu' d > 40
Almost all the iate cables were uniaNolaoPe
from a bull POINT of view, particularly THOSE
from the United Kingdom. LlNerpSoL anu
London beins I'D ana t.u lower ~ o,r
day, respectively. Antwerp was sc on'
Paris quiet and unchanged, Berlin &C pct
ter ana Buda-Pesth &C higher.
Thu sales reported early to outside millers
were considered to mean a Soou, Dig caSn
business Tor the day, but the outcome uiu
not come up to expectation. iae.e 49,
nothing encouraging in TINS respect iroai
other markets e:ilier, and, as n conSeiueu.e'
The selling pressure increased conslaeIapls.
and so much stuff came on the market mat
lay declined 10 73ssc, and never reacted
above 73I5c, while the close was sc Oh III
tho day, at 7Sasc bid. The July option when
ruled very quiet all day. closeu ~ OIL -
5s3sc bid.
The local corn market yesterday was Il
most as bad off as that of Wheat, lhouSu
The loss undergone by prices was not near
so great. Weakness and depression Mele'
however. the chief features OF inc snoua-
features during the day. The nrSt !hroMt
down for the bears was due TO u stalenieEl
issued by the Cincinnati pr.ce ee guf at least
sa9, OO0.o 0 blu. The bulls claimed that TINS
was all guesswork. but as 1t exceeded the
amount held a year ago it had the emecI
Intended. and May opened sc oil at 3SE.c
and sold down to SsSsc right at the start
while July had sellers ut S:sc. II was re-
ppretty We'll Withdrawn, but the receipts
were large, nevertheless. were
Very Wars snail snail at Su: ss sHs Cf bu.. though the total
for the week was said to be 3,lS2,VD b..
against 3.414,0Vo bu. last week. Liverpool
cables were sd and London sd lower for
the day. The only reaction that took place
in this market was shortly after the opeit
ing. when May sold at Ss1ea3sssc and July
at soc. From this there was a drop back
and the first named went off to 3sitc, then
reacted to 3SLlsc. only to fall back again
and finally close at &c loss s5s Tor IT. the soG DAY at a.
3ss493S3sc asked. May No. 2 White during
the day brought 39c.
There was no business done in oats and
that market attracted very little attention
from the time it opened up for business IN
principal feature throughout the session,
and May had sellers at &c decline at 25s,c,
but July was unchanged ct 2eisc sellers.
There were no buyers at these prices.
ON THE cuRB-wheat weak. May Of
fered at 73Sc and puts and calls could be
bought at the same price
Traders Gossip.
When we come to deal with the quantity OF
white wheat aiioat. says +. Lenders & Co. ..
London. no doubt we touch what is regarded as
borne in mind. however. that. generally speais-
ing. these caIsoes are in strong hands, and;
for orders are held for Continental account,
and will find their destinations in Italy. Franc.
ter demand also from these countries for white
.,piptop This 80 a most fmDOrrant factor and
one which should be kept well in view, as IL is
ments. which may play an important part later
on in the season.
Another week Of large clearances from this
country and British American will be seen, in all
probability. The 5.29o.go bu. in wheat and -four
Zoe 900 Sn. OF va a year.. year ago should be sN eaeeed q.
and this weeks exports OF corn should be larger
probable right now that the total worlds ship
ments OF wheat for the week Will be around
The California weather bulletin says: A large
acreage has already been sown. and prospects
excellent condition in most sections. but would
be benefited by sunshine and warm weather.
ing on wheat crop. but doubtful il material harm
done yet. Fair movement TO corn; but LIBERAL
quantity held firmly for feeding. Farm supplies
ut least $50. oo0. COO blu.
The tip is out that the Government report
on farm reserves will be Is per cent of the 1899
crop. or about 100. coo. 900 bu. 1t will not be far
from that. One year ago 15S, 100, 900 blu. was thus
To Ware & Leland: George Hunt, who has
Just returned from n. trip through the State,
says he never saw such a clean-out in corn; that
farmers have disposed already OF GO per cent OF
their holdings.
Wheat receipts at primary markets. SIS, coo
bu. against 4gi. 600 bu. a week ago. GGl. eeo hu.
a year uso and 6si, coo bu. two years ago. At
ST. Louis. 1900 bu. received. against 81. 400 bu.
a week ago and 1850 bu. q year ago. Primary
shipments T1.Ooo bu-
Primary corn receipts. b;e. 600 bu.. against
5000 bu. a year ago, including 1lS.o0o bu. at
st. Louis, against &c, 100 bu. last year. Primary
shipments. $751; 900 Blu.
Primary oats ~rece,pts. 40 90 bu. against
81. 900 bu. one year ago. Al. 400 bu. arriving at g.
Louis. against 5000 bu. a year ago. Primary
shipments. 80. 600 bu.
Cash Grain, Flour. Etc.
WHEAT-Cash 4s cars local
and ] car through. Quiet and easier at n decline
for samples. though choice wheat still scarce.
City milling demands very light. Sales on trk. Of
&c for choice: No. 3 red at &c to -a4c: No.
4 Mt 66c to 7lc: rnow-burnt at 6oc; No: . hard at
7itsc mainly TO 1llsc. and yellow belly 12c; No.
2 hard n. zoe to 70sc- Tho amount taken from
looked for. late yesterday 6o,VJ bu. No. 2 red
selling from one elevator, but only 5000 to-day,
though 1t was reported 5000 sold to Toledo.
CORN-Cssh Market-Received. 14 cars local
Grd ~ cars through. Very little demand. as hard
ly any shippers in market and few local buyers.
Prices weak and lower; on srk. delivered. No. .
No. . white at s9.c. No; , white at Sskc to &c;
oATS-Cash M~arket-Received. 80 cars local
and . cars through. Dull. as the demand light,
but offerings smaller and choice grades firmer;
choice &c: No. 3 at &c: No. 9 Northern at ESQ
&c; No. 2 white at 2sEc and choice worth zee;
No. , white at g5Eg2sac: No. 4 white at s.Isa
21=.c.
doing. Grade No. 2 salable at
5sc this and EPIC Z. side.
FLoUR-Nothins new in the market. which