Los Angeles herald., 1906-06-19
CHICAGO GRAIN MARKET
Weather Reports Influence Prices.
Decline in Wheat, Corn
and Oats
IN Assnciated presa.

CHICAGO. June 1S.--The wheat mar
ket was entirely a weather map af-
paid to foreign news which was of
quite bullish character. The weather
bureau reported rains general In Kan
sas, Nebraska and the northwest with
showers in Missouri, Oklahoma and the
Ohio river valley. The news of the
break in the drouth conditions in Kan
sas and Nebraska caused heavy profit
taking when trading began and initial
,withstanding the firm tone OF the
Liverpool market. After the first half
hour a firmer zone developed. At times
the market seemed to get fairly good
support which resulted in several mod
crate rallies. Weekly statistics were
favorable to the bulls. The market
to A c lower at S2hc to s3c, sold off to
S2 "a c and then advanced to $3.50. The
close was off ~ a kc at So s @S3c.
There was rush to sell at the start
also considerable stop loss" selling by
commission houses. The cause of the
selling was the break of the drouth
which had existed throughout a large
section of the middle west. The mar
ket was weak all day. July closed 11sc
lower at 52$c.
Prices in oats showed wide fuctua,,
tions at the opening owing to a general
desire on the part of longs to secure
profits. AS result of this heavy sell
ing pressure opening quotations were
2asc lower at S9%c to 41c, sold at 41&c
and closed 19sc to 1%c off at 4O$
40hc
Provisions were ca asier in sympathy
with the break in grain prices. At the
close September pork was off SC, lard
was down 1Oc and ribs were 12hc
lower.
Market Ranges
wheat-Juy, s2%dSSc; September, S27s@
CornNJuiy, 52yac; September 525sd52%c;
May. soc.
oats~July, 4Oas@4OAc; September, S7Ac;
December, 377sc May, 39Ac.
Cash quotations were as follows
Flour, steady; No. 2 spring wheat S4a
SIC; No 3. S21aqS6c; No; red. S52s@S69sc;
No corn S%2%c; No; No. yeI9%' 994dISSc; 99a4d5ISC
No. white, 4O6l42c; No. 2 rye, Gle; good
feeding barley, 45l47c; fair to choice malt
ing, 52956c; No. ! flaxseed. $1.0S4 No /
$3.50; clover contract grade, S11.25; short
ribs, sides 0oosel, $9.30Q9.35; mess pork
per barrel, $17.OO@17O; lard per 100 lbs,
SIS T715; short clear sides (boXed), $9S11A0
$1,000; whisky, basis of high wines. S.29;
Articles Receipts. Shpmts.
Flour. barrels ............ 15,100 100
Wheat; bushels .......-. 26'gO0 i9s'S@ iVs SOo
Oats, bushels ............- .249 900 2OS,lN
BSriey BSr o"snsis bushels $500 Loo
Cereals of the World
BY a seociat trd presA
LIVERPOOL June 1S.-Close: Wheat.
July. IS 7&d; September. 6s S3sd; De-
cember, 6s 8Ad.
NEW YORK. June 1S.-Wheat spot
irregular. Options closed 16c to &c net
decline July closed, SO Is C; September,
So a c: December. SO Nc
SAN FRANCISCO, June 1S-Wheat,
steady; December, 81 80 ~ cash, $l.40
Barley, easy; December. s2ssc; cash.
$1.011A.
PORTLAND. June 1S.-Wheat. club,
7s al 74c; blue stem, 75@ rec; valley 72c;
TACOMA, June 1s.--wheat up-
changed Export blue stem, 74c; club,
73c; red zoe.
Visible Supply of Cereals
BY Associate ted Press.
NEW YORK, June 1s.-The visible
supply of grain Saturday, June 16, as
by the New York produce ex-
change is as follows:
Wheat-2S,1 S,164000 bushels; decrease,
1, ,169 900
Corn-4,446OOO bushels; increase,
Oats-7,S 100000 bushels; decrease
500. 900.
Rye--1, ,4O1,OOO bushels; decrease
1914. 900
Barley--7S4,OOO bushels; decrease.
21 900,