The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-03-06
WHEAT SOME BETTER,
BUT CORN WEAKER IN PRICE,
NOT MUCH TO ANY OF THE
GRAIN MARKETS.
Trading Was Also Quiet and the
Aggregate Business of Small
Proportions.


A quiet and assuming set of markets was
had in grain Yesterday. There were no
changes of Importance in the conditions sur
rounding the general situation. and for that
reason the different markets remained al
most wholly professional and. by compari-
son. rather slow and quiet at that. So little
interest appeared tn be taken in a spccula-
tive way during the day that there were in
,ervais of considerable length when the pit
on change was practically deserted and
nothing was done. Price changes during
the whole day were small and narrow. and
no features of special interest were devel-
opcd.
Quiet strength. when weakness was looked
for. was the predominant note of yester-
days wheat situation, and small gains were
scored. There was. however. "A feeling of
speculative lassitudc and the market a great
part. of the day was restricted and feature
less. and the dealings rs a rule unimpor
tant. neither the volume of business nor the
range of prices offering any striking fea-
lures. Traders who We're favorable to the
short side were greatly encouraged when
the market opened IN and it was found
that cables had ranged themselves on their
side. Liverpool being quoted I'D off. as
compared with the closing the day be-
fore. This and the fact that receipts were
again large impressed them. and they were
prepared to do great things. when they
We're confronted by quite a strong under
tone. both here and at other domestic mar
kets. which was backed up by IA good de-
nand. that i'm some respects was rather ur-
gent. and which had been called forth by
the reported light arrivals at Western mar
kets and the cold wave. together with the
fact that the growing plant was without
any covering of snow. Buying started off
briskly as soon as the market opened. the
initial trades in May being at T3asai.c TO
.3isc- and in 4 short time after brought
'3isNssc. Late cables Were not of a char
acter to encourage the bullish sentiment
shown at the outset. Liverpool closing at
I'D loss for the day. Paris being l4uac
l9wer: Berlin hsc down and antwerp IN
There was not much TO the days export
clearances. they amounting TO only 42S. 600
bearish Information the markets of this
country did not go off much. and. in fact in
several Instances showed a very fair under !
tone of strength. considering everything.
May at this point sold down TO 73ssaI2c |
and july to 72i.c. but shortly before the |
hour of noon the frst-naned reacted and
sold at 1890 and the latter brought 72Ssc.
Bradstreet's report received during the
last halI OF the session was of quite ma
decrease of $4,000 bu. in the worlds WIS., !
fble. as compared with 100000 bu. increase
one year ago. while the available east
OF the Rockies was decreased 1,497. 600 bu.
more than the regular visible. This gave |
tone to the market. but did not advance !
Prices any; IN fact. May weakened off to
sales for shipment that option rallied TO
isNc. which was hc higher for the day |
ahd at which 1t closed buyers. The closing |
sales OF July were at 12a4c. or l4c rp for
the day.. According to late New York adj !
VICES. sales for export at the seaboard were
Inc local corn market was heavy all dur
ing the day. and slowly but surely worked
uoNn 10 lower level. the close showing as
much. of a loss as there were gains In
c %nenn; Early Influences were by no means
confronted the trade when the market
OPENED being hard freezing weather. liberal
necsipts and free selling by the country. all
OF which had a bad effect. and the opening
lor May was at 1-16c decline at 3sSc,. from
whirn there ,, vas 2 further drop to asAc.
vas beartsh. that market closing I'd off
for the day. and exporters stated that they
could lou 90 nothing with Europe. Export
large at $4,000 .bu., but Bradstreet's re-
ported an increase In the available suppiy
OF l.i19Oo -bu.. as against a.123.00 hu. in
crease one year ago. and where the regular
Visible was increased. 1.546.ON bu. last week.
Ihere were no changes of Importance dur
,ng .he balance Of the session. and May
:, coVB, anu DD'6 WHILE |
cioslhg sc lower for the day at 3sssd3.c
seiierS- July sold at 5sisc and closed isg
&c OFT at that asked. New York reported
sales Tor export of 10 loads.
There is very little to be said of the local
oat situation. The market was duh and
EASIER from start to finish. and but slightly
changed. No sales were made, and NAV
closed with sellers at 26i sc. and July was in
the available was increased GOO blu,
against 1000 blu. increase last year and II
oo hu. decrease last week in the official
visible.
on THE CuRB-wheat-May. ,32c bid;
cans' 'S'sc DID; puts. 1SssTac selling.
Traders Gossip.
informed people in the trade here say
held in St. Louis elevators that is sold for shin,
lnsnt Z? outside mills and markets. A very con
siderable amount is said to be owned by Toledo.
The Advance. Elevator Company. which some
TIM TIM ago held over l,ooo;ooO bu in the Advance
at close of Mondays business.
MAI, nE. Lenders & co; Of London; in a late cir
S SIre. .hese appear to be mainly against contracts
iast remains that a much better price Is obtain
sbism on the to s Iss fira mi local and m sn,,s and also for
Is obtainable in Europe, and I'm consequence the
to do much more business in this description
prices Will either have to advance on this side
or materially decline on the other"
That unsound Northwestern spring wheat con-
tfnues TO come TO this market. and It is under
stood that quite a large amour, of this wheat is
Primary corn receipts. $4,000 bu.. against
3d. 900 blu. a year ago, including 1872. 600 blu. at
shipments &c.. 900 blu.
Primary oats receipts 62s,O0o bu.. against
Louis. against 50, 500 blu. a year ago. Primary
2es. 600 bu.
Wheat receipts at primary markets 5s7. 900 bu..
against 4b. OUV Du. n week ago. 1GW.Utr1 bill. FOR Ora /