Los Angeles herald., 1905-05-18
CHICAGO GRAIN MARKET
Wheat Prices Weak-Msy Corn
strong-oats Steady
Rv Assnclated Press.

CHICAGO, May 17.-Weakness was
manifested I'm the wheat market
throughout the entire session. AT the
opening, July was down Ac to 15c, at
S7A @S719c.
Two main factors entered into the
situation to contribute to the initial
decline. One of these influences was
the weakness Of the wheat market at
Liverpool. More significance, however,
was generally attached to the prospects
Of clear weather in the spring wheat
country, official reports indicating
clear skies and higher temperatures
throughout the northwest. Soon after
the opening, covering by shorts forced
the price of July to S7A @S7Bc, but n
reaction quickly followed. During the
early part of the session the trading
was active, several large holders be-
ing liberal sellers.
Sharp declines at Minneapolis and
Duluth encouraged the bears here.
Later the selling pressure was checked
materially by an unfounded report of
a. Chicago crop expert. Outside this re-
port there was little news of bullish
nature During the last half hour of
trading shorts were fair purchasers,
but this demand caused only slight
rally. The market was weak at the
close with final quotations on July at
963s @86Bc.
The May option was again the star
attraction in the corn market. The
market opened exceedingly strong and
closed strong. May opened unchanged
to lac higher at 53@541Bc, sold between
521hc and 54Ac and closed at 531sc.
July opened %@1ac higher at 4SA@
4S2sc, sold between 4S;c and 1880 and
closed at 4SAc.
A steady tone prevailed in the oats
vic TttI,r oh . n n
sold between 293sc and 295s@29&c and
closed at 291&c. alka
An advance of 50D10c in the price of
live hogs had a strengthening effect
on prices being given moderate sup
port by packers. AT the close, July
pork was up 56D71Ac, at $12.65; lard was
up 21ac, at $737h, and ribs were un-
changed at $7.271s.
Market Ranges
The leading futures ranged as fol-
lows:
Wheat, No. 2-May, 9416c; July, S6kc;
Corn, No. MAY, 53hc; July (old),
1880; July (new), 4SAc; September
(old), 47%c; September (new), 475sc.
Oats No. 2-May, 31Ac; July, 291ac;
September, 2SS@2S14c.
Cash quotations were as follows:
! Flour-Steady.
Spring wheat-No. 2, S1.00@1.O2; No
8, 94c@$1.O1; No. 2 (red), 961s@99%c.
Corn-No. 2, 53hc; No. 2 (yellow).
53%c.
Oats-No. 2, 31Ac; No. (white), S9d
33%c; No. (white), 31h@321Ac.
Rye-No. 2, 77@7Sc.
| Barley-Fair to choice mailing, 4f
@49c.
Flaxseed-No. 1, s1.26; No. north
western, SLAP; prime timothy seed, $2.95.
| Provisions-Mess pork, per bbl., $12.45
| D12.50; lard, per 100 pounds, $722B@
7.25; short ribs sides Qoose), $705@715;
short clear sides (boXed), $7.12h@7.2O.
Whisky-Basis of high wines. $1.26.
| Clover-Contract grades, $11.75@12.25.
Articles. Receipts. Shipm'ts.
Flour, bbls............ 29,5O0 1900
| wheat, Du............. IOUO Z3O,4Ou
| Corn, Du............... f3,lOU lS5,bOU
| oats, Du............. lob, IOO l04,OU
Barley, bu............. $4,000 S4,4OC
Cereals of the World
BY Associated Press,
NEW york, May 17.-Wheat Spot
easy; options closed: May, 975sc; July
915sc; September, 85Bc.
LIVERPOOL. May 17.-Close: May
wheat Is, Sad; July, 6s esd; Septem-
ber, 6s 3d.
SAN FRANCISCO, May 17.-Wheat:
Easier. Maya $1.47 asked; December
$1.29B; cash, $151H.
Barley-Easier. May, $1.171a; Decem-
ber, S6Bc; cash, $1.21A.
Corn-Firm; large yellow, $1.35@1.4O
PORTLAND, Ore, May 17.-Wheat:
Club, S4@S5c; blue stem, 90Q92c; val
ley, $4,000.
TACOMA, May 17.-Wheat; I'm
changed. Blue stem, Ole; club, SIC.