The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-03-22
ALL GRAIN MARKETS
WORKED LOWER IN PRICE.
THE EUROPEAN WAR SCARE
DID NOT HOLD.
Sentiment Again Became Bearlsh
and the Selling Side Was
Mostly in Favor.

All the bull was out of grain Thursday
and the speculative markets one and ali
worked lower and closed Al IA sharp decline
for the day, the supporting influence. the
war cloud In Europe. having almost entirely
disappeared. at least FOR the present,
though there were traders who expect 1t TO
become a formidable factor in the near
future. Weakness was one of the chief
features OF the situation, prices sasged
steadily toward q lower level, and when
business closed on the floor of the Mer-
chants Exchange an all-round decline was
found to have taken place. the high-priced
grain showing 4 loss for the day of 2Sc to
&c and the cheaper one from sc to sc,
while oats were practically unchanged. A
rather quiet state of affairs prevailed most
OF the day, and at times stupid and dull
markets were experienced, the grain pit
being TO a great extent deserted for the
Wall street stock board. which appeared
TO attract most attention. Price changes
during the day We're narrow. and there were
no special features TO the situation worthy
OF notice.
The war scare, so very conspicuous in
wheat Wednesday. did not hold over night.
and the prevailing feeling among traiers
Thursday was much more bearish than
builish. There was no great amount of life
displayed in the local pit at any time dur
ing the day, and the little trading INDUCED
in was of a spasmodic order. In fact. there
was little that was attractive at any period
about this market. and most of the time it
was a tame sort of an affair. On account
of the subsistence Of the war scare. Liver
pool. after opening Up. Esd higher. declined
AID. which had a had influence upon all
the markets OF this country Then crop
conditions were good. according TO the Gin
cinnati Price-Current. and 1ly damage ic-
In evidence. Receipts were large, but the
shipments offset them. and local stocks
showed a further decrease There was no
noticeable. pressure to sell early. and tne
opening decline was but &c. the initial
sales Of May being at 74Sc. from which
there was an advance TO 7iAc and a set
7Slsc. The trend OF the market was pretty
much all one way after this. reactions and
there was no violent movement TO prices
either one way or the other during the ses-
sion.
The last half OF the session nothing Of
Importance came to the front In the way of
news. Both bears and longs were sellers.
bearish sentiment intensified. Prices gradu-
ally worked down to i4Nnd4Ac for May
and TO 726sc sellers for July. At the close
the former was 74Hc bid and 72Sc was bid
for July.
Corn closely followed the example of
ing independent strength of its own, and
the setback in the high-priced grain caused
1t to weaken and sell off. though the loss
In price for the entire day was compare |
lively small. Posted receipts were small.
shipments were fairly large. and there was
said to be no increase in country offer
:ncs, though the weather was more. set
tied. Early Liverpool cables were I'D high
er. but this advance was soon wiped out.
and that market reported no change at the
close from the day before. The opening
for May at this point was 1-16c off at 394T
&c. from which It sold down to $3.50, July
being nc lower and selling at 4oisc. Dur
ing the last half OF the session there was
but little done in the way of business in
this market. it dragging along in a dull.
listless way to the close. which was at
3esssc sales for May, and at 4Ac for July.
The market for oats was quiet without
any features. There was some little de- |
mand for May, and a few sales were made |
at &c. at which that option closed. but \
July had sellers at 241sc and remained I'M
sold.