The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-08-27
LIQUIDATION THE
FEATURE IN ALL GRAINS.
MARKETS UNDERGO LOSSES
AND CLOSE LOWER.
Trading Throughout the Day Was
Light and the Sales in the
Aggregate Small.

dt umeS lacked even q suspicion OF ami
nation. Weakness was also one of the
chief features throughout the day. and a
general let-down in prices took place on
quite free selling. The market opened low
er on large receipts, a lack of buying sup
port and weakness elsewhere, especially in
corn. There was a recovery subsequently
to 4 shade above Saturdays closing prices.
but this was shortly followed by another
let-down. and the final figures showed losses
for the day Of from sc to sc. The arrivals
here were over PA, 100 bu., though a good
part was for through shipment to the sea-
board. while in the Northwest they amount
ed to ~ cars. as against 63 a week ago
and az a year CO.. Gables were firm. re-
porting Sd advance at Liverpool, though
stocks there were said to have increased
SOC, 900 bu. last week. The worlds ship
ments were over 100000 bu.. 30 per cent
being from this country. and the amount
afoat was decreased 416. 900 bu., as against
1.7es,0oo BIZ. decrease last year. The open
ing for Dec. was &c lower at 72lzc. which
brought buyers into the market. and con-
siderable sold at that. The market then
weakened to 72hc, but rallied again to .2isc.
Sept. also sold 1sc lower at 70c. was offered
at 6s7sc, but later was bid zoe. The weak
ness in corn and reported selling by the
Northwest had a bad effect everywhere, and
as closing cables were not at all favorable,
general weakness prevailed. Liverpool de-
clined hd and was I'D lower for the day:
London was on I'D Berlin &c and Buda-
Pesth sc. but Antwerp was unchanged and
Paris was firm and unchanged to Ac bet
Ter for the day. The days export clear
ances of flour and wheat were large at S29,-
600 bu.. and the weeks visible showed a de-
crease of 7S2. 600 bu. From its early rally
Dec. sold off to 72l4Qac. but as the buying
was considerably better than the selling. il
reacted to 72izc. In the meantime Sept.
was bid 70isGkc and May sold at 16s4c. Late
in the day there was selling by discouraged
longs, due in part to the weakness and
steady declines in corn, and Dec. sold down
to- 72c. and that was bid at the close. Sept
sold on to Gs4c and closed at that; while
May was quoted at 7s1zc nominal; Export
ers reported strong bids from abroad late
for hard winter, and New York reported 30
loads taken at the seaboard.
Thu one feature of the corn situation of
the country which stood out more promi-
nently than anything else. was the weaA,
ness shown. This was particularly true OF
the Chicago market. where the liquidation
was said to be heavy and Uninterrupted.
markets. and although the selling pressure
here was not great. there was a let down in
prices. from which there was no well-sus-
vas from lie to 1ac off. Receipts were
large, amounting to 12s.0O0 bushels. The
weather was hot and dry in the Southwest
end extremely hot in Kansas. The opening
for May was &c better at oOAc. but it soon
weakened to 60c sales. and was offered at
b9sc. December opened kc lower at 57i2c
and sold of to 57L, and September sold
from &c to Csc. The days clearances were
again small at 5000 bushels, but primary
receipts and shipments were very good.
There was q decrease Of 57S.0W bushels in
the visible supply Of this country. as COM
pared with a decrease of 1.672.00 bushels
one year ago. The amount afioat also de-
creased 1.o64.0 bushels, against an increase
OF 10000 bushels last year. Gables were
over, Liverpool declining sd and London
va On the first decline December sold of
to SO and May to ss1sc, while September
was offered at RSc. but before the hour Of
was not maintained very long. as the heavy
selling was resumed at Chicago and the
local market again weakened, December
selling down to 56sc. September to 5S44c
and May to &c. Near the close some buy
ing support was given the market and
December closed with buyers at 56asc, Sep
TENDER at $50 and May right at the bot
tom at &c bid.
The weakness in corn naturally had a
bad effect upon oats. and that grain sold
OF and closed Nc to %c lower for the day.
The receipts were heavy. which had a bad
effect, and the shipments small. though &c.,
900 bushels were said to have been exported.
There was also an increase of 66S.0
bushels in the visible. against 1.044.00 BUSH
els increase a year ago.. The opening here
for May was at &c decline at 3S7sc. and it
was offered at 36Nc. There was no further
iet-down during the day. but the market
was very weak and quiet, the last trading
being at 382c for Nav