The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-04-30
ALL MARKETS REACT
AND CLOSE At A LOSS.
WAS A DECIDED CHANGE OF
FRONT IN GRAIN.
Weakness Took Place of Strength,
Bearish Feeling Developed and
Prices Weakened.

finn In the different speculative gram mar
ke,s of the country. and some quite severe
,osses pre- recorded during the course or the
day The change in the position OF the
markets was an all round one. but was
most felt hv wheat. the cheaper grains not
heirr nearly as badly Off. The SITUATION IN
a trading wav was rather more quiet ana
orderly than It has been and especially our
ing the exciting time of the last TWO uass
of the week previous. when the oeaiins
vas heavy and wild. and an excited cofui-
ton Of affairs prevailed. A good ana ac-
tive DAVIS business was transacted ana thefe
were periods when considerable eNciteihehl
was witnessed in the pit. This was par
ticularlv true toward the close OF the ses.
s,ou.. when there was heavy seiiins' ano
when the markets We're at their "eahe
There were few reactions aI'ef t"e 49,
ing in any of the sarins. ana vines. 80.
vary near the bottom and from f1suiTgS
~ ,ay.r as compared with last Satur-
ao>,,r closing figures. Corn did not suleI isea.
g, hadly- hut still colsed from iic 10 SO oi
for the day. while oats. which had helu up
remarkably well all through the ss
was reported steady 10 sc hisher.
The hulls in grain met with n severe So
- on the Merchants Exchange yester-
day. when a large amount oil long ~ "
,brown ,pon the market, and the oeais;
with the courage of their cohSicuuhs' =.
freely. The position OF inns ",N -
materially changed during the uas' ~
from a strong and bullish one IL peea
- "a bsarish. prices crumbiing All
,,rouph the sess on. and fnaiiS cios.hs
largely lower. There was nlte Sish
great strength and builisfness 81 .Gs last
sujcuous curing the ciosihs uas7 ,nroneh
80 tho market all the way thtouSn
showing a We!i-uenheu
the hack track. -, a hull
Inc az the chief influences against a pra
market, and there were seNeiaI, "a" 80 ne
maathsr which Was simply perfect iot ~
vrowing crop. ana, i'll connectioh 49, sy-
sariv cables. which did not pan out r;rht
pected. started a seiins rssnonse to our
h,p ADVANCE of saturday was oni! ~, az
Id of that was soon lost. Inc woiiuS ,na
arnn,,n, atoat decreased 5.Ss2.0W pu., asaiuss
I ss9 am bu. decrease last Year. uoou 81 ~
needed rains were reported IN te.sa IacaIly
tions where most wanted. f.eS..pn I in the
were large, but they We're uah - k6U
Northwest. Al the opening July Va a. ~
&c off. at 72lsc, and 1t then oie For
7yac, May selling at ,iSsc sna,d nm
me time after this the market heiu up
or well the range of fluctuations peihs
narrow. July not going above t-.2e VI
low 12j4c. Crop adrlces were On. Sanre;,1p
sure ,,aporting damage ana otnefs uehs.S
s sen, sucb was the case. Gables reported
fine weather abroad and easier nlafhe'S uA
the Continent. and no acceptaiices
rIrd3v nlEn1 : OIitIS- lN 80 n
in the visible of this country OF d9Io;ov'
In. and clearances were large al Sos.vVo pu.
in wheat and flour. The bearlsh sen. annsst
,ontinued TO spread. and the seiiitis piss
IRE became so great that July sold on ~
7ilsc and May at 7S1sc. From thus there "ao
a reaction 10 71z4m11.sc for July. atu "
14ssc bid for May. but this was wipeu gu.
nv more selling. Public Continental capIes
we're some better, Paris being 14c up Ant
werp SIC and Berlin &c. though prrSa.e
cables reported these markets easier. ihere
was nothing encouraging heard IN the casn
business. During the last hour July pecaahs
very weak and declined TO ,o.s1.iS' i.aennis
sold at 72isc previously. and closed at 'l+c
hid Nav sold and closed at 1850.
weak market was experienced hurins
most of the day in corn. though price ue-
ciines were not to be compared Witn those
Of wheat. The weakness was started oy
considerable talk of country selling freeis.
and as the arrivals here and at other pctntS
were much larger, this talk had ce,isider.
able effect. Then there was ~iecline OIL
SD at Liverpool, whies.Z-3 the iet,d9Mn
IN ,n, wh ene en- naS a., an wv and May Ic
oS at f4c. There was a decrease of 2.aSS.OO0
bu. in the visible supply of THIS country
and the amount afloat fell off 5000 bu;
Still. the market continued TO weaken and
July sold off to 1890. Then, to the surprise
of the crowd. the whole suddenly turne9
strong, May selling up to 44bsc and fEs9
Axe bid for July. The weakness and de-
preston in wheat was too much, however,,
and as there was no cash business to speak
of the market again Declined, May selling
at. 43ac and closing at 44c bid. and July
closing at 43tsc bid.
Oats held up remarkably well. notw:t.-
standing that the conditions and influences
were against a strong market. The weather
was fine and there was an increase OF ~
353.OO bu. in the visible, ar-i 10th wheat
and corn were lower. TRAILING was light,
at ,26hc to &c, and closed at 26ac bid,
when May was 0Gc BID.