The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-07-07
GENERAL LET-DOWN
IN SPECULATIVE GRAINS.
WEAKNESS WAS FEATURE OF
GRAIN SITUATION.
Wheat Declined Over Cent
Corn Was Over Half a Cent Off,
but Oats Higher for the Day.

. WHEAT-The. advance Friday in Anleri-
can markets did not apparently excite the
slightest recognition from Liverpool. as the
close there was at hd decline. So, as over
10000 bill. in here, the weather clear in the
Northwest where too much rain had been
complained Of, and corn was weak. traders
were in a selling mood and they let go
freely for n time. Sept. opened &c lower at
6shc. sold at 6s,sassc and then of to ealsc.
Dec. sold at 6Sisc, and later offered at 65asc.
Nothing OF a bullish character came by
cable, il are excepted some low estimates on
the French crops from Paris, but as that
market was unchanged to &c higher they
had no influence, Berlin was Nc lower
and Buda-Pesth sc higher. Exporters re-
ported their bids generally close to the mar
ket and some business. with more possible
before the day closed, but one party who
placed 100000 No. 2 red late Friday at u
@64Hc (mninly latter to come and loaded.
said his Saturday bids had been reduced &c.
Late in the day there was increased selling
on prospective large receipts Sept. sold
off at exc and closed at S2iaMesc. Last
sale July at 611sc. and Dec. offered at 65lsc.
though latter bid at close.
Cash Mafket-Received 1851 SKIS. and ISL
cars local and 1 carr through. Lower. The
ers taking very little and exporters but a
moderate amount, latter 10 apply on former
sales A very considerable portion of the
soft winter and nearly all the hard winter
delivered on contract. Sales of No. red
del. to elevator at S21ic inainly, few cars
Miners paid sss.assc Gatter fancy for No. :
red. No. sold at Sic. No. hard brought
64c. Little old on sale, No. red selling at
GoRN-Weather ssili dry in the South.
west, but 1t was much cooler. and there
were reports of rain in the West. This led
to considerable selling and a decline in
price. Sept. opening al 47c and going down
Liverpool was sd higher on the drought
reports from this country. but this foreign
alarm abroad over American crop pros
poets. Clearances for the day were $500
bu- good many bad reports came from
and the fact that it was Saturday led to q,
good deal of unloading. There was demand
| enough to absorb the offerings. and at one
| time the market spurted up to 4GAc. but
! late eased back to 463ec, closing at 46i.c. No
| trading in July, which was qnotable late at
Cash AIarket-Received 6 cars local and 9
cars through. Just as stin as it could be.
us the offerings entirely too small. From
| stood much higher paid. these for ship
ment to Texas. b.. sample del. No. 3 sold
at 45c and to arrive at 45!sc. and No. 4
| white AT SoI2Q4Sc., NJ WHlte WOulu nave
brought 49c quick.
1 OATS-The decline in. corn barely af-
! fected oats futures. so active was the spec
| ulative demand. A strong brace Saturday
| was the high prices for cash and the ur-
! gent demand therefor. Sept. opened 1sc
| higher at 2SEc. sold of to 29tsc and then adj
vanced to and closed at 30ssc: July sold at
l 30ssc. to 30,sc and late size bid. For May
| S2lsc bid.
| Cash Market-Received IL cars local and
cars through. Excited and largely high
| err. local feeders fighting for the very light
| offerings and free-for-all demand for any
| old thing at any old price. Shippers also
after supplies. No sold at 31Ac to a2c
No; 2 white at 3lsc and clipped to arrive
| at &c: No. 8 white at Sc to &c; No. white
( at 311ac to 32hc. No. mixed worth 31he
| and No. Northern sc.
I RYE-None offered and grade No. 3 OF
better salable at 50c to come in.
| FLOUR-A few acceptances by the Con-
i itinent late Friday. but none reported this
| forenoon. Domestic orders moderate. The
i quotations given below represent car lott
i old Hour on trk.s New soft winter offered
and been sold at $50 for patent and 81. =
for extra fancy: patents 8 .4oQS. 50: straight.
2.15@3z Is; extra fancy 80; clear 31s06
4 80; low and medium =: SO92. 90: hard win
ter in jute skis s.. 366245 for clear, e.S51
] $50 for straights and N.0663.1 5 for pat
/ entss spring wheat patents. q. 009e.s0 II
Il wood. Oc less In jute SKIS IS
RYE FIOTR-johbing at $50 In SKIS. IN,
SD in. bbls. :.