The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-06-09
MARKETS DECLINED
ON RAINS-AlL W
THE BEARS HAD THE BEST
OF THE MARKETS.
Wheat Suffered the Most and Oats
the Least-Pricc Changes Mar
row and Nearly One Way.

The bears In grain had things pretty much
their own way during the past week. and
had no trouble in bringing about serious
declines. having the bulls on the run most
or the time. The downward tendency NJ
values continued throughout the week. be-
ing hardly ever interrupted, and at the
close all the markets were away lower than
the week before. the only exception being
oats. which was less susceptible to bearish
conditions. and was fairly well maintained
most OF the time. but showed q small loss
at the close. This was not the case with
other grains. which suffered serious re-
verses: though they did not close Mt the
Dottom' pretty nearly everything having an
influence upon speculative values was
against n continuation of the upward move
ment inaugurated In grains Of all descrip-
tions last week. and which had resulted in
good advances all round, and which an
peared to be under full headway when the
market closed last Saturday. 1t was the
general rains in the West and Northwest
tnat was most effective, and largely re-
sp9nsibie for the disaster that overlook the
ouI cause. There were no violent price
changes during the week. but there was a
steady and almost uninterrupted Iet-down
from the opening day to the close.
The keynote to the speculative whoa,
SITUATION the past week. was the weather
and its effect upon crop conditions. The
weather map on change. and private and
public advices were ali one way. they
showing good rains through the northw est
west. This naturally brought about RE-.
selling and created a bearish Sentiment
which srew upon what II fed. large ho.dn.s
nTes w : Of Of Others 1nec being sellers, and the
values were carried down steadily, the rail-
,es; winch naturally came at int rivals.
were the usual damage reports received
me Government weekly confirming the
damage from fly in Missouri. Kansas. I'LL
nots and Indiana. but otherwise winter and
spring wheat was said to be in good condj-
ZION. and In fact Snow. the expert, late in
Inc week came out with the statement
ooe000 bu. The market made a very en-
ccuraging start on Monday. II being both
active and strong. but after that. weak
ness was the most conspicuous feature. The
bears holding the whip hand, and M 10
Yesterday the market was all one way. as
they met with no serious opposition. either
from the actions of the bulls or the char
acter of the advices. Prices declined almost
steadily until yesterday, when there, was
a very good rally. but the close still Shove
declined 2AM27sc. and Sept. 3Nn4lc, as
compared with last Saturday.
Gables. as a rule. and the cash situation
more than the weather did. The crop move
ment from the country was large for the
season; but to some extent was offset by
~ ~ IhAAo MA ihCtH. auu
more especially from the seaboard, the ex-
port clearances amounting to 6.64.S44 bu.
for the week. as compared with 4.12S, 97s bu.
the week before, and 4.23O. POI bu. a year
ago. The worlds shipments were large and
the amount on ocean passage vas In
creased So. 00 bu.. against a decrease OF
over SSsS.Oo bu. last year; On the other
hand. there was n falling of In the visible
supply Of this country of Bio, 900 bu, and
Bradstreets reported q large decrease IN
the worlds visible Of 1854 900 bu. and OF
3!Sai:0oo bu. in the available east OF the
Rockies. None Of these were In II with the
weather and crop condition and had no
more than a passing influence upon values. |
There was a slight change for the better
Yesterday In this market. and especially !
n. the July option. which closed kds.c up. !
but at the same time was over &c lower !
for the week at 69dG91sc buyers. Sent. was
unchanged. and closed weak at the Low |
point. and over &c lower at 67'sQ6Sc bid.
Compared with wheat. the local corn mar !
ket throughout the week was q tame sort ]
OF an AFFAIR. but. at the same time. was I
better sustained and the losses ]
were not near 30 serious. The rains were I
for the conditions prevailing in |
This market. and they had a very weaken !
Ing effect upon prices and speculation. |
about Il decline I'm the former and