The St. Louis Republic., 1901-02-06
NO CHANGE FOR
BETTER IN MARKETS.
SPECULATIVE GRAINS SUI.
FERED-NO IMPROVEMENT.
Speculation Was Slow and Dull
and a Weak Feeling Was
Shown in Everything.

There was no Improvement Of Importance
10 note in connection with the speculative
grain situation at this point yesterday. and
few features OF special interest were de-
veloped. A fairly encouraging start was
made by all the markets. but they did not
realize expectations, and, although there
were no significant changes. either for bet
ter or worse. In values. the whole situation.
in a speculative way. was discouragins, and
neither bulls nor bears were enabled TO get
much satisfaction out of the situation.
There was no real bullishness at any time
developed in any of the markets. and such
Improvement was registered In prices
was extremely small, and. In most cases
of short duration In the case Of wheat. for
instance, Just because the initial cables from
Liverpool were stronger and receipts in the
Northwest smaller. the markets OF this
country showed something of an improve
ment, but were unable 10 hold II for any
lergth of time. The opening here was frac-
tionally better at isQAc higher at asstc, but
there was so great a temptation 10 sell al
this price that the market almost immedi-
ately broke. and in short time was down
to 73isc for the May option. The advance at
Liverpool was only isd, and the market
there was quiet at that. The receipts here
were large at 5o.105 bu-, but the shipments
more than doubled them, being over 1os,-
600 bu., while the stock at this point was
said to have decreased 1900 bu. Late ad-
vices were a mixture of good, bad and IN
different. Receipts at primary markets con-
tinue to run in excess Of those OF last year.
but their shipments yesterday were good
On the other hand, the export cIearances.
which have been making a good showing OF
late, were small at 2l9.to bu. Exporters re-
ported no acceptances Of wheat on late of-
fers and only small amount OF flour.
Late cables from Liverpool showed that
the market there held to its early 80 az
vance. and Paris was nc better, but Berlin
was unchanged. and Buda-Pesth &c lower
Speculation here was dull. and throughout
the greater part of the morning the market
was heavy and dull. price changes being OF
the smallest During this time May ranged
from 7Slsc TO 7S9sc, then went 10 .ssc: oniy
to react to 73j2c, but never getting above
that, while July sold at TIC During the
last half OF the session there were num-
Der of bull items in circulation: none OF
these were reports TO the effect that Ar
nour of Chicago was big buyer there.
and another that there were large mining
orders here for cash wheat, but neither
these nor a report that IS loads had been
taken for export and the strong corn SIT.
uation could prevent the free selling that
was indulged IN, most Of which was for
country account, and the result was that
awsr May sGla 3Or iSs daS S and at Which cse
buyers. July closed at isc decline, at 72%c
sales.
good strong market was experienced in
corn yesterday, but the improvement in
prices was slight and speculation quiet.
The first Incentive to strength was due to
smaller receipts and higher cables, Liver
pool being reported Nd higher. All domestic
markets were better, and the opening ad-
vance in wheat gave corn a fine send-on.
May opening 1-l6c UP at ssc, and ss14c was
bid for July. This strength did not last
for any time, and May was shortly after
offered at 37xd3sc. Further strength was
given to the market by the outward move
ment, which was large, particularly the
clearances which footed up l0Se, 900 bu.
Late Liverpool cables stated that that mar
ket had closed hd&d higher for the day,
but no Improvement In the cash situation
was reported, and May sold here at S73sc,
and later 375s92sc was bid. The market /
was especially strong near the close, which
was due to a strong cash demand on do
mestic account, and New York advising of
Is loads taken for export. good demand
followed this news, and May sold at 3S1kc.
but fell back, and closed only lake up for
the day at ssc sellers. July was not traded |
In. and closed the Same as the day before |
at Sshc bid.
said about the local oat situation. There |
was no speculative trading and the market |
throughout the day received but slight at |
tention from traders The tone of the mar
ket was firm however, and no changes took |
place in values. May being bid and closing |
the same as the day before at 25Ec.
ON THE CURBLwheat firm. May sold |
at 7skc and that bid; puts. 739z354c; calls. |
f3hc.