Los Angeles herald., 1907-05-12
CHICAGO GRAIN MARKET
Wheat Pit Highly Excited, Price Ad-
Vancing More Than
Three Cents
By Associated Press.

By Associated Press.
CHICAGO, May 1.-THE wheat mar
ket today was highly excited .. ano ie1
some options, making total advance
of about six cents since Thursday
The business upon the exchange was
the heaviest for a long time and the the
wires of the brokers were so busy
throughout the day CARRYING orders
that they had very little time for the
transmission of news
JuIy wheat closed 31s @3Hc up, corn
was ihc and oats y % %c up. Provis-
ions were 10c to 121sc higher. From
all appearances the country at large to-
day was of the opinion that the crop
short of last year. Before the opening
of fhe market orders were stacked UP
in the brokers' offices, and from the
first sound of the gong until the CLOSE
of the session there was rush or buy
ing orders Local traders We're inclined
10 the selling side of the market but
the country outside of Chicago, encour-
aged with the rise of last week, bought
At times there We're slight. recessions
in the upward movement of prices on
heavy realizing sales. At one time the
market was forced PACK sc, put tne
were of no avail against the flood OF
buying orders that came from all parts
of the country.
closed strong near the high mark, with
the buying demand apparently still un-
satisfied. Specific causes or the
strength shown in today's market Were
a strong market at Liverpool, the con-
tinued cold weather in the west and
the northwest of this country which, II
is believed, will considerably damage
the winter wheat crop, and sensational
advices from Canada claiming that uI
to the present time only Is per cent OF
the estimate total amount of seeding
has been done in Manitoba.
Just before the fgee bSs t6a
the price of July wheat will pass 81
July opened a shade, to y @Ac higher
at SS56c to soc, sold between 88kc ano
91&c and closed strong at % StsS @sl a "a e Z
active all day. The market closed
strong. July opened 14c to 9c higher
at 5O25 @5O%c, sold between 5ossc and
The fsU @ oats market was strong and ac-
tive. July opened 1s@Ac to, % % " c
higher at 4s%c to 44c, sold between
4s&c and 445sc and closed 40 %e
The The boom in the grain markets was
reflected in the provisions pit ano
prices advanced throughout the day
July pork closed S21sc higher, ribs 1Oc
and lard 121s @15c higher.
Market Ranges
y wheat-May, s9Ac; July, 81 q
o1%c; September; 1855; Decem6er' q c: sen. sSc
COrn-Mdyi u 49, "NAS' - 20 '@f
'ee,p oatsEMay, 45Ac; July, 44Rc; Sep
Cash quotations were as follows. AZ
Fiour-Strong; winter patents, SS,4o
@s.50; straights, s3,25 @3.45; spring pat
ents sS.sO@4;5o: -straights' 1885 @S.40'
bakers, $2.15 @2.75. o.Aooa
Wheat-No Q spring wheat, 81 @9Sc
No. 8, 82@93c; No. 2 red, S7k @ S9Ac
Corn-No. 2, 51@51Ac; No. 2 yellow
- oats~No. 2. 45Ac; No. 8 white, 421a q
Rye-No. ., 75@77c. 80
Barley-Fair to choice mating 1Sq
f Flaxseed-No. 1. s1,2O; No. 1 north
western, $1.27.
Clover-Contract grades, $l5,OO;
Ribs-Short sides (loose). 1885, 9,O5
Pork-Mess per bbl. $16.S7 q 100.
Lard-Per 100 lbs, 1925.
Sides-Short clear (boxed), S9,l24s @
9.S7N
Whisky-Basis of high wines, $l29.
Receipts. Shipments
Flour, bbls 2770O 23,10t
Wheat. bu. .,,..... $4,000 l6,5W
Corn. bu. ......... .216,0OO 527,5OS