The St. Louis Republic., 1901-02-10
BEARS SUCCESSFUL
ALL THROUGH THE WEEK.
THERE APPEARED BUT ONE
SIDE TO WHEAT MARKET.
Corn Was Only Little Better OFF
and the Speculative Close
All Round Was Lower.

there has been very little development in
grain during the past week to greatly en-
courage either side of the account. though
if there was anything to be gotten out Of
the markets. the bears reaped the most
benefit. for the reason that the weak ten
dency that has characterized the general
situation so long, and was so conspicuous a
feature during last week. still showed well
up in front. In a number Of ways the situa-
tion. taken all the way through. resembled
that Of the week before. inasmuch as there
were spots Of both strength and weakness.
though the most distinctive feature Of all
was the undertone Of weakness that has
prevailed most Of the time and was but
seldom lost sight of, even when things
looked their brightest. Speculation. a. usual,
was almost entirely controlled by profess
sionals. q fact plainly to be seen in the
course and actions Of the different grain
markets. Outside interest throughout the
gate the daily business transacted In the pit
was very small. and at times far from be-
ing Of an interesting nature.
Bearish Influences again largely domi-
mated the local wheat market throughout
the past week. and during nearly the whole
time the record Of prices have favored the
selling side, rs a result Of which the close
yesterday registered another decline. The
influences were not all Of . weakening ma
ture by any means. there being q number
that were Of character to encourage those
favoring the long side. but owing to a lack
of confidence on their part. they were never
SO effective as those favoring the other
side, and the result has been. as stated
above. Much Of the time the tone Of ca
bies from Liverpool and the Continent were
heavy and In the main quite discouraginx
and the statistical Information received from
this source also told heavily against the
long interest. with one exception, and that
was the export monument from this side OF
wheat and nour. which was unexpectedly
heavy: the total elearances being closs on
bu. last week and 1sos.ooo D.. the same
week year ago. These hdkyy exports
S.,1s Ssrs surprising; pss,x .s most Of export
and the market exhibited no In this
respect until late. when there VA \ excel
lent revival In business. There Efn some
thing OF a let-up In the crop mov$ H4n In
this side. but the heavy snowfall &
were large At over 100000 bu-. d
bu. The visible Of this country, on the
other hand. showed q large decrease Of L.
oz!.ooo bu.. but this was. in . measurp on,
increase in the worlds visible Of over Iep0..
00 bu.. az compared with q decrease one
year ago. Though the available east Of the
Rockies fell on and shipments Of wheat
from the Argentine were heavy. while the
reports from Minneapolis regarding the four
trade was another bad-working influence
all the way through and especially early
and late. the only check their efforts re-
cefved was when the reports Of . good re-
helped the bulls In q temporary way. Re-
newed weakness was. however. shown yes-
terday and there was q further slight let
cline for the week was from &c to l31c,
May closing at the former at 72tt973c bid
and July at the latter and At s27sc asked
In a general way, the market for corn
during the past week was less bearishly In
price were insisnincantiy small. The general
run Of news was not as bullish as It might
have been. but, on the other hand. there
Tss not as :sRs or the Snds ,S.
market for the htgher-priced grain. and the
market. consequently, held up remarkably
unsatisfactory ali the way through, and at
times the trading was extremely unsatis-
factory and uninteresting. The cash busi-
@ n from abroad sSt shcuen .hes
picked up some later in the week, with
the result that the clesrances for the week
sS last week and Anis Sa Is: ss%s
week year ago The heavy snowfall. which
was widespread. cut down receipts and
Wss increased sssa Su fhs % rolld. add vib1e ssIa.
ments. Of which % per cent was from this
country. showed decrease, as did the
ures . on the Available showed an increase i :" of
over 100000 bu.. but shipments from Ar
gentine were small. There was but little
change in values when the market came
the day before being Nc advance in Nav
and NC decline IN July. while for the week
the loss was only nc. and confined to May,
changed at S8c bid.
There Is nothing of interest to be said
about the local situation. There was no
speculative trading Of consequence, and no
the market, however, was drm most OF the
week. and the close yesterday shows a gain
for May OF 1-lsc. that month being quoted
at &c.