The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-06-07
A BAD BREAK IN ALL
THE GRAIN MARKETS.
WAS THE MOST
CONSPICUOUS FEATURE.
All Markets Sold of, Especially
Wheat and Corn, Which De-
clined Seven-Eighths


weakness. and from the opening to thu
close there appeared to be but one side tc
the speculative situation OF the country
and particularly here. where there was q
continuation of the downward drift OF
prices. begun this week. and which ha,
pretty well eliminated the bull feeling con
spicuous early. Nearly all the advices. in
Guiding foreign cables and weather condi
tons. favored the selling side, which wa,
almost universally INDUCED in throughout
the day. and which brought about a dis.
tinct UNDERGONE OF weakness that affected
all grains alike. and resulted in large de-
clines. wheat showing a loss for the day Ct
sc to lie all round. corn Of from sc to
sale. and oats OF kc. During the day
there was considerable life shown in the
pit and the dealings In the aggregate were
large. but the markets were without q re-
deeming feature from a bull standpoint.
Weakness was the most conspicuous fea-
ture of the local wheat market. and from
start to finish. the tendency of prices was
almost unfnterruptedly Among
the conditions that operated against the bull
cause were lower Liverpool cables, which
reported a decline OF I'D. lower markets
on this side. and continued rains
IN the Northwest. together with the weekly
report on the crop In the Cincinnati Price
Current. These unfayorable conditions
started July OF badly. the opening being
isQ5.c lower at 6ss4c. while Sept. opened at
6s:sc. and then sold at 6s+c. Buyers on this
let-down were quite numerous. the Missouri
State report showing a drop of 16 points
during the month Of May. having a very
impressive effect. and SO strengthened the
market that in q short time 7Ohc was bid
Tor July. and the Sept. sold at 6Sisc. After
this little rally the markas wea kaued ovayp
and July sold of to SsA.G3sc. and Sept. to
DISC. One OF the causes for this was a
Prediction that the week would show an
Increase in stocks. Liver
pool continued to decline. and closed with
a loss for the day of nd. Paris was OF AT
l4c. but Antwerp unchanged The days
export clearances were encouragingly good
IA wheat and flour. being reported at 6S4.0o0
S.SSs.O0 bu.. against 100000 bu. last week.
Low crop conditions and damage lost con-
siderable of their force yesterday. owing TO
harvest would shortly begin in Tennessee
and Southeast Missouri, and which brought
the new crop so close into view that selling
wheat came out for sale. The cash situa-
ton was far from being encouraging, and
the short buying was lacking. except in the
fsie " sseadi ssAi ssvs wsS d sanans .h Ss0 iass
hour of the session. and the July option
sold down to ss7sc. which was bid at the
close. when Sept was offered at s7bc
The rains reported east Of the river had
a very weakening effect upon the local corn
m ahe esaY SpSee Of tSe i hish sa.p sssi1 cereals reaioT s
only support to this market was in the Mis-
souri, State report. with its low condition Of
ment hat the crop was backward and
worms numerous July started on With
an hc decline at 42AqAc, and Sept at 42hc,
hut the former shortly rallied to l23kc. Free
selling Waa QQafn resumed mr. n daclfnN at
and July went to 41hxc, and Sept.
was offered at 42asc. Receipts at primary
markets were smaller. and shipments quite
large. but ~clearances were only moderate at
$4,000 bu-. making the total for the week
2,ZSl.OO0 bu., against LES. 000 bu. last week.
Liverpool was reported via cables ID lower.
cash demand was bad and there was
in late advices to encourage NY
ing or give support to the market. especial
y as wheat was weak. Selling became POP
ular and increased to such an extent that
July went to 4lAc. and sept. was offered
at <2i.@Ac. At close, July sold At A4c,
and for Sept. was bid ESQ.
1t was the rains and the weakness shown
by other grains that were responsible for
The let-down In the local market for oats.
was light and an all-round weak
feeling was developed at the start that re-
NAMED with the market throughout the
lay. Early July sold at z7t.c. and Sept at
SIC. but later the first was offered at Akc.
md the last at &c.
Trad G000tD.
The June report OF the Missouri State Board
Of Agriculture Is not as encouraging in its state |
ments on the principal crops as was that Of
ages Of deid pests having lowered conditions
greatly during May: The averase condition Of
j. 1870. Average Of corn June was q. against
planted Oats: CONDITION s.. asains. q : month
ago and 81 a year ago. |
wheat both promising. Damage to winter wheat
month nearly . per cent. Oats poorly and .
admits Improvement
Stocks Of wheat in Northwestern interior sls- |
June ! ! were $1,000 bu. On ssme date last ye 3
hey. were Asal.ooo bu-. having increased s0s.ooo
The visible decrease win hardly reach near
he dimensions of the 1900: 600 bu decrease Of
,sc 1t va. less than 800 90 fSSu.
This weeks clearances of -four and wheat
,nG1 the e s.,S Ssssn b aais & last a., AZ week sr0 ana the rs. go
~. OF Q year ago. but corn exports will be small. /
x M1s !; .,e sss,%, 1iS s sso, . An inePes.. ; ssi, D ~s.s.
his the first In q good many weeks past
In reading the june l State reports. and the
,e forgotten that the returns were made up
shsn w sas OF dFO sSe M mss II ~ R TSas' ana %pt The Crops crops
showing their poorest CONDITIONS:
; !rss and ane their condition Is usndouStediy much
higher than before the rains fell. /
The Tennessee wheat crop promises 70 be
. 1Ssrsy N ana aS Goassi MI III al Nsshyiiie. but b Ss ee
ieves II can hardly attain the size Of last year. /
elegram from Union city. Tenn. to Cobb q
Sardner says harvest begins tomorrow and the
wheat crop will be q good average. l
Primary receipts OF wheat were IS. 900 bu-.
ears ago. st. Louis received 26.lW bu. against
500 bu- a year ago. Primary shipments were
q. 900 bu. /
Corn receipts at primary markets were $50
against 3s5.0 600 blu. q year ago. $500 bu. ar
living at ST. Louis. against <.1vo bu- last year.
Primary shipments $50 90 bu. 1
414oo bu.. s1ainst $3.50 6u. last year.
Urinary shipments %4s.oo bu.
Cash Grain, Flour, Etc.
ysFEATcCash Market-Received, s24 SKIS. and
s cars local and 4 cars through. Steady for
:hoice samples. the offerings Of which small and
aiken by local millers-. Anything poor or mixed
Id E. side at s4d7lAc, latter for fancy: No. :
ed at !sgs4c. latter strictly fancy: No. Z at
'eIaS s SS; 2 ;. hard S g e. I hs mainly ayo, g ishS; and
&c. Late in the day. with futures largely lower.
he above cash prices not near obtainable.
local and q cars through. Lower and weak
and even : les: ss'SSis 10 ! : sold al. sss4e c% 70 isS e. Nc
White a, y, ana No. ) white at <sc to si,.c. ali
oATs.cash M~arkes-Reeeived q, cam local and
rom local and shipping buyers and not ali
he very moderate receipts could he sold. No. :
&c for fancy and ordinary quotable at .sisdzsxc:
.. white az soaso&c: No. I white at Saasc:
.b s1rmss Sc de1ive aeS T. fs'e sids sraoe NO. . not 'aiah'e
LOUR.Excep that some Improvement noted
made. the market Is still quiet. Export