Los Angeles herald., 1905-02-15
CHICAGO WHEAT STRONG
Shorts Active Buyers in the Pit--corn
in Demand
BY Associated Press.

ShortS ACTIVE Buyers IN tne FI-SoII
in Demand
BY Associated Press.
CHICAGO, Feb. 14.-From the start
the wheat market here had a strong
undertone, Notwithstanding q liberal
increase in worlds shipments and in
the amount of wheat on passage. The
opening quotations were at moderate
advances, May being up NC to sc.
July opened a shade lower to a shade
higher. A number of influences com
bined to offset the effect of the bear
ish factors. Among the bull influences
were firm cables, light receipts and an
improved demand for cash wheat and
for flour.
The principal cause of the foreign
markets for wheat was said TO be
numerous crop damage reported from
India and in the advanced price of
Indian offerings.
Buying in the wheat pit here was
chiefly by shorts. There was some
selling credited to a leading bull, but
compared to the brisk demand that
developed at times, the offerings were
light May was in especially good de-
mand, alleged fear of possible manip-
ulation by Wall street in this causing
shorts to cover freely, and within the
first half hour May rose to $1.1S
Primary receipts for the last three
days were reported as only a trif1e
in excess of those of two days a year
ago. This decrease in arrivals was
strong factor in upholding bullish
sentiment. Throughout the remainder
of the day the demand was extremely
brisk and prices were we'll maintained.
May sold up to $1.10 and July to $1.02.
The close on May was at $1.10 a gain
of 1kc. July closed 5sc up at $1.O1%@
*.
Corn was strong, with trading
large. May closed at 47Ac, gain
of 1Bc.
Oats were strong in sympathy with
wheat and corn; May closed 3sc higher
at 31as@Ac.
Provisions We're steady on light re-
ceipts of live hogs. At the close May
pork and ribs were each up shade
and lard was 21ac higher.
Market Ranges
The leading futures ranged as fol-
lows:
wheat--No. 2 May, $1.1S; July, $1.O1@
7s; Sept, 933sc.
Corn-No. 2 Feb. 449sc; May, 47Ac;
July. 477sc.
Oats-No. 2 Feb. 3O5sc; May, 31h@
Nc: July, 31%c; Sept, 29Ac.
Cash quotations were as follows:
Flour-Steady.
Wheat-No 2 spring. s1.15@1.1S; No.
3, $1.0S@117; No. red, $1.19M1.21.
Corn-No. 2, 441ac; No. yellow, 44ai
@45c
Oats-No ., 31a4c; No. . white, 321S@
33c; No. white, 3ln32c
Rye-No. g. 75c.
Barley--Good feeding, 3Sc; fair to
choice mailing, 42@46c.
Flaxseed-No. 1, $1.171s No. L north
western. slips.
Seed-Prime timothy. $2.S21k.
Mess pork-Per bbl., $1270M12.75;
lard, per 100 lbs, $6.75@677h; short
ribs sides Qoose). $6.62h@6.75; short
clear sides (boxed), $6.75@6.S7h.
Whiskey-Bass of high wines, $1.23.
Clover-Contract grade. $12.5O.
Articles. Receipts. Shipments.
Flour, bbls. 1000 22,7OO
Wheat, bu......... $4,000 $500
Corn, bu...... 200 207 100
Oats, bu.......... 253,S 800 100, 500
Rye, bu............ 1900 $500
Barley, bu....... .143,S00 "a, 400
Cereals of the World
LIVERPOOL, Feb. 14.-Close-
Wheat. March, rs 1%d; May, rs 1sd;
NEW YORK, Feb. 14.-Wheat spot
irregular Options closed 5s@%c net
higher. May closed $1.17H; July closed
$1.05h September closed 961ac.
SAN FRANCISCO, Feb. 14.-Wheat,
weaker, May, $1.47% bid; Dec, $1.29
Barley-Stronger, May, $1.1S9s; Dec,
Ole.
Corn-Large yellow, $1.27A@1.S5
Bran-$2O.50@21. so.
PORTLAND, Or, Feb. 14.-Wheat-
Walla Walla. S5@DS6c; blue stem, 9O@
Ole; valley S6MS7c.
TACOMA, Feb. 14.-Wheat, 1sc high
er for blue stem at 92c; club unchanged
at S6hc.