The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-03-10
NO IMPORTANT
CHANGE IN GRAINS.
GRAIN SITUATION BEARISH
AND LOW RECORD MADE.
But Near the Close There Was a
Change for the Better and Most
Losses Were Recovered.

There was not much to the speculative
grain situation at this point during the past
week, either from a bull or a bear stand
point Quiet and unassuming markets were
the rule the greater part of the time, and
neither bulls or bears had much the best
Of 1t, or were in q position to mako any
marked impression upon values. Up to last
Friday the outlook was very far from
bright for those advocating higher prices.
but. while the conditions and the general
run of sentiment favored the bears, they
did not make much Roadway in lowering
| prices. The aforementioned day was the
first real good day that the bulls expert
enced, and they not only succeeded In MAX
ing as great an impression upon market val
ues that one day as the bears did during
the entire week. but they carried the
strength over into yesterday and closed the
general situation with a gain in both wheat
and corn, though oats were lower. Specuia-
ton was extremely slow during the week,
price changes were narrow and infreQuent
and the whole situation about as unsais-
factory and devoid of features and incidents
as has been experienced for a long time.
In the case of wheat, up to Friday there
was little or nothing in the outlook to en-
courage those who still ranged on the bull
side OF the market, and the affairs here fol-
lowed about the same professional lines
during the week as they did the week be-
fore, the market showing an undertone Of
weakness, but not much loss in prices. The
was quiet and narrow. there were no start
ling changes Of any kind, and in fact nons
that were in any way marked or signih-
cant until mt me s,, day bs.oIe yesterday: when
getting control and bringing about a recov-
cry to put prices back to near where they
considerably at sea as to the future OF this
market. Tere are some who are Of the opin-
ion that the market is on the eve Of a
change for the better. basins this opinion
crop scares, and damage reports have al
ready commenced to come in. On the other
hand. there are others who think that be-
fore there can be any change of Importance
values must go lower. and zoe wheat IL pre-
dicted- The future can only decide this
this market during most of the week. and
especially early, was brought about by the
prevailing beartsh sentiment which was in
have ruled most Of the time. There was
nothing encouraging to be gotten out Of the
daily cables. the cash situation was gen.
bearish. while about the only thing that
the bulls had in their favor was the cold
weather and the fact that the growing
sufficient to check bear aggressiveness. and
enabled the bulls to hold the market much
better than otherwise would have been the
. AhSSSAPNS OH tAAouSh lAC Z udg0
been large, though there was a decrease in
the visible. and local stocks in store fell off
largely. The worlds shipments were over
from America, which was Y per cent Of
the total. The Argentine shipments for the
week were large. but BradStreet,s report
bulls, as it showed a decrease In the worlds
visible Of 1893. 600 bu.; also a falling of in the
available east of the Rockies Of $4,000 b q
During the week exporters complained Of a
lack Of business abroad. though the total
oo.ooo buy which. while nearly LOCO. 900 bu.
smaller than the week before, were In ex-
cess Of those Of the same week a year ago. |
1t was these good exports and some dam
age reports that brought about the change |
while not great by any means. closed the
a fraction higher for the May OPP |
ton at 1855 buyers, and only a fraction off
While there were periods when the local |
corn situation was nearly as bad off as
wheat. the week. as a whole. was much
very material Improvement in values took
place The early influences were by no
means conducive to strength, and for that
all through the week. For instance. coun- |
try offerings were free and the daily arri- |
walls large at all Western markets. Gables
showed but little change and the cash busi- |
ness was generally poor. hardly ever COM
ing up to the expectations of those interest
ed. Then there was an increase In the viSi- |
BILE of over 100000 bu., and Bradstreet's re- |
ported an increase of 567. 600 in the available
and exporters complained of a poor
business with Europe. On the other hand, |
the shipments from Western markets were |
good, and clearances for the week. though
smaller than those Of last week, were near
" double those Of a year ago. There was ,
not much change to the market until Fri |
day. when, following the example of wheat. |
and encouraged by the strength at Chicago. |
there was a good. strong upturn here. and |
the close yesterday showed an Improvement
In price of &c for May, which was 391sI |
39Ac. and Of aasIhc for July, which was
at 39hG39A4sc.
There is very little to be said Of the local
market for oats. Little attention was given
to this market at any time. the dealings
were of the smallest and price changes in
frequent and narrow, they generally follow
Ing those of wheat and corn. This grain did
not partake of the strength shown by
wheat and corn during the closing days Of
the week. and the close yesterday was Lie
off for May. at 261sc and Nc lower for July,
at CSC.
wall Street Gossip.
The following synopsis Of the gossip In regard ]