Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-10-07
THE GRAIN MARKETS.

CHICAGO, ILL.,, October Ga liberal in
crease in the movement Of wheat to the
principal grain centers Of the United States
was the chief reason for weak wheat
market here today. At the close wheat for
December delivery was off aahc. Corn and
oats were also down 3sakc. Provisions were
shade lower to 21sc. higher.
The wheat market was weak all day. The
heavy profit taking of yesterday left the
market without especial support, and, with
general selling today, prices were readily
forced down 7ac. The chief factor in the sit
uation was the increased receipts both
northwest and southwest.
For the first time this season receipts at
Minneapolis and Duluth were larger than
for the corresponding day last year,
rivals today being S12 cars, against 7S3 cars
last year The weather was highly favora-
BILE for the movement of the crop, and indi-
cations point to a still greater increase dur
ing the next week. A report from Kansas
City claimed that the movement in Kan
sas. particularly in the western part of
that state, and in Nebraska would be much
larger We're it not for the shortage of cars.
A report from Minneapolis that a number
OF flour mills may soon shut down because
of lack of business caused an additional
weakness in the local market. A decline at
Liverpool was a weakening influence at
the opening of the market. The principal
buying was by shorts.
The close was weak. December opened
shade lower at 741ac., sold off to 73Aa73Rc.,
and closed at, 74ac. Clearances of wheat
and flour were equal to 2S3,3OO bushels.
Primary receipts were 1,272 600 bushels,
compared with 1922, 900 bushels for the
same day last year. Minneapolis, Duluth
and Chicago reported receipts of S57 cars.
against CT cars last week and GA cars one
year ago.
Free selling by local longs caused weak
ness in the corn market. Larger receipts
than were expected and the weakness of
wheat were influential factors impelling the
selling. Another factor was an estimate
on the total crop of Iowa which placed the
yield at 398, 0OO,OOO bushels, an increase of
50, OOO,0 coo bushels compared with the gov
eminent figures. Demand came largely from
commission houses. The market closed
weak. December opened u lower at 42A,
sold off to 42Aa42ss and closed at 42sa421a.
Local receipts were 357 cars with 21O Of
contract grade.
Oats were weak in sympathy with wheat
and corn Weather in the northwest was
favorable for marketing the crop and indi-
cations pointed to material increase in
houses were the best sellers. December
opened shade lower at 3411c., sold off to
34a34hc. and closed at 34lsc. Local re-
ceipts were 3O6 cars.
Provisions were steady on covering by
shorts. Trading in general was light.
Weakness of corn and live hogs had a de-
pressing effect. At the close January pork
was up a shade at 1880. Lard was off a
shade at 7.921za7.95. Ribs were 21z higher
at 725.
Estimated receipts for Monday: Wheat.
81 cars; corn, 337 cars; oats, 357 cars; hogs.
IS, 600 head.
MILWAUKEE, Wis, October 8-Wheat-
No. 1 northern, 7saS0: No. 2 northern, 75a
II; December, 741s Rye-No. 1, 64a641a.
Barley dull No. 2, IS; sample, 3Sa54. Corn
No. 3 cash, 46a46h; December, 42a42h,
DULUTH, Mimi, October 6.-Wheat-No.
1 northern, 74%; No. northern, 1895; Oc-
tober, IAN; December. 724s; May, tn.