The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-06-23
BEARS CONTROLLED
GRAINS DURING week.
ONE-SIDED STATE OF Az
FAIRS PREVAILED.
Weakness and Depression Was a
Feature, Particularly in Wheat
Coarse Grains Hold Up.

Like the week before. there was but one
side to the grain situation during the past
six days. and general weakness depression
and lower prices were the chief features
throughout most OF the time. The markets
started on badly. and up to yesterday was
never In a position to redeem themselves.
Occasionally there would be feeble at
tempts at bringing about a betterment In
the condition Of the different grains. but
these efforts n. wise met with moro than
temporary success. except In the case of
the coarse grains. which reacted quite
sharply during the closing days. and re-
covered their earlier losses. The greater
part Of the time. however. weakness and
depression characterized the whole eitua-
ton. and In most cases the markets were
without a redeeming feature. Not only
were they weak. bearish and lower. but dull
and listless as well. 80 very slight was
the speculative interest. At no stage did
the bulls appear to have anv show; the
conditions generally being against them.
Throughout the week. as was to he ex-
pected at this season. the different markess
weather and crop conditions Of this coun-
try and abroad. other factors as a rule
having but little effect
The local wheat market the past week
has been under the harrow. and day after
Cay there has been witnessed a steady de-
tiuc. uIcu. Willie uOt Oh n StTiouS ndtue,
taken singly. was more or less severe taken
In the aggregate. As II usually the case
with q bear market. pit operations were
tame. and no features of excitement were
developed. At this time a year ago the
speculative wheat situation was iuridly bull
lsh and prices made such enormous gains
like that strength has been witnessed in
July and September this year. and the con-
trast in the situation every way has been
most marked.
There have beer a rr,mber NJ inf vorah HE
factors at work during the week. and a
more or less demoralized state Of affairs
that at the close OF the week. wheat values
we're largely lower. and the outlook. to say
the least. WAS extremely gloomy from a bull
Of Eth this market a n h sns sS npon an crop sou and
weather conditions both in this country and
abroad. all other factors having no ma
favored the selling aH' .id.. 'h iise,ds ssRG sna
short selling was freely INDUCED in, about
the only buying beinB for profits.
Harvesting has been making good prog
commenced moving several days ago. 2 or .
cars already arriving here from the South
fact asuEal I,' had aa% Searish Eject The cash
situation was not encouraging. foreign buy
ing was light. and cables generally favored
wsTe light ahs hut aessiR pme at primary rsr. Su, ma roed'
and there was a small decrease in the wish
BILE. and also In the amount afioat. but the
Worlds were lSsf tnan eXpeVtsu,
and Bradstreet's reported a decrease In
available supplies. while. according TO the
same authority. the clearahces for the
week. while somewhat larger than those OF
last year. fell below those of last week.
Bearish sentiment increased steadily. ceiling
Became heavier and prices gave way almost
uninterruptedly. a daily decline taking place.
and the final close for the week showed a
loss Of from 2S3hc to 2hr. July losing
least and closing at SA0SS..c. whie sept
closed at SSItc-
Corn showed considerable weakness
throughout the fore part of the week. but
was much better sustained than wheat. and
late made up by considerable strength and
recovery for the early bad concition. crop
conditions were encourag ns. and the wealth
or was all that could be desired for the
growing plant. which was sad 10 be In
Rand. the movement from farmers hands to
primary markets vas small. thou1h the
Visible showed an Increase of ove- l.2Z,.O0
bu., but the daily shipments we're large: and
the week before. Then there were large
Argentine shipments. which were said to
be the largest on the CROP. Most OF the
weakness In this market was shown early
wheat. ard. OF course. the weather. but. a.
stated above. there were several good re-
coveries. and at the close yesterday IL was
found that not only had the early declines
of ixfIi.c 10 sc. July closing at 42hc sid
Sept. at 43'~d4shc.
There is little that is interesting to be
said about oats. the marke: being cast some
what into the shade b. wheat and corn.
The market was quiet. but. ike corn. very
well sistrirec. anf at the close yesterday
II was foiirS that instead of registering a
rom ,Sasc to NC. July closing at zS9s7sc
mil Sent Mt 2Sfsr.