The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-08-20
BEARISH ADvICES
HAD A BAD EFFECT.
GRAINS OPEN LOWER, BUT
CLOSE AT DECLINES.
Liquidation Again a Feature of
the Situation in Wheat and
COrn-OatS Lower.

The speculative grain markets at this
point all made a bad start. but reacted sub
sequently. closing better for the day. but at
a decline all round as compared with last
Saturday.
Yesterdays wheat market was compara-
lively a small affair, as it turned out. espe-
ciaIly when contrasted with the day a week
ago, and only a light professional business
was transacted. The proceedings in the pit
on change a great portion of the time were
of a quiet order. and there were really no
exciting features or developments The gen.
eral run Of news was bearish and liquida-
ton was freely INDUCED. the offerings at
times being entirely too much for the de-
mand. with the result that prices were low
er. The opening was sc off. but later there
was a very encouraging reaction that car
ried prices above Saturdays closing. But
right at the close another soft spot came TO
the surface, and the final figures. while some
better than the opening, were only 1-1ec
higher for Dec. hahc lower for Sept. and
Nc on for the May option. Traders. when
thu market opened, were confronted by an
array of bearish advices and conditions
other domestic markets were lower, the
market here fell into line at once Dec.
opened &c lower at &c and quickly sold off
TO 72Ac, while Sept. sold sc off at 10i.c and
was offered at 701T0lsc. Favorable harvest
weather was reported in the Northwest. The
t Wss9ern n msrk ans a we're aeaI large AZ ana the
worlds were over 100000 bu-,
tho greatest increase being shown by Rus
was small at $4,000 bu. as against 6oo,oe
bushels one year ago. Gables were bad.
liverpool declining sd. and Paris was re-
followed the opening decline was partly due
to good buying on the belief that the de-
cline had spent its force. and on short COW
AfipR and Dec went IN to Elsc and Sept.
sold at 70Hc. Late cables. however. were SO
very unfavorable. reporting declines FOR the
gether with sc at Antwerp. Berlin and
Buda-Pesth, that selling was resumed with
such yigor that Dec; dropped down to rs
145o.0o0 bu. was about as expected. but the
days export clearances were Dhenomenally
i.7ss.oO bu. 4 sharp rally followed the
above. and Dec. went up with a rush and
sold at 73Ac. and Sept. touched &c. These
buying holding the market. but near the
close, this support being withdrawn. prices
s s:ssd on 9n; And and the aeL f1nai figures asIss f %er se aStsa and
nc asked for May. New York reported IL
loads taken for export. but local exporters
said hat there was nothing doing.
The speculative actions Of the corn mar
ket were pretty much like those of wheat.
were nearly similar. The Gulf storm and
reported rains In various parts OF the coun-
ny QlSS1pateQ 1earS OF drought, and mad q
bearish effect upon the speculative markets
OF this country and also abroad. The SELL
ing was free early and Sept. opened nc
lower at 6oNc sellers. but Dec. was &c of
at 60&c sellers. without buyers. The first
sales were &c lower for the first named at
6s1zc and May was Offered at 63isc. There
was q reaction from this bad send-off and
Dec. brought 6zc, Sept. 5SZc and May
SIC and 63lzc. but as soon rs the demand
was satisfied the market again weakened
and Dec. went of to 6oAc. Sept. to 69asTZc
and May had a seller at S07sGSlc. Some bad
Group news received at this time turned the
market up aga and Sept. had buyers at
6Stc and May at 6zc. while Dec. sold at
e0BQ6lc. Receipts at primary markets were
ahead OF those of last year. but shipments
5000. The visible decreased l5ls, 90 bu..
whereas a year ago It was 2.2l9. 900 bu. Liv-
erpool closed sd of for the day and the
amount afoat was increased 5000 bu,
against 1,606.0 20 Blu. increase a year ago.
Dec. sold as high as Gle and for May csc
was bid. These proved to be the best prices
OF the day. as late the market weakened on
2 let-up In the buying, and at the close
sept had sellers lec lower for the day at
SAC and May HdAc lower at e3ssMa&c sell |
srs, while Dec. was " on at GIc buyers.
The. weakness and declines In wheat and
sold 1xc on at 395tc and Sept. &C lower at
&c. May then reacted to 4oc. The receipts
were small for a Monday and the buying
picking up. 3&c WAS bid for Sept. and i0Isc
Tor May, which was &c to 14c off for the
lay, at which they closed. The visible was
increased LOO. 600 bu, against 1851 600 bu.
Increase last year.