Los Angeles herald., 1907-06-03
CHICAGO GRAIN MARKET
Wheat Prices Decline Two Cents,
Owing to Heavy Sales Due
to Warm Weather
Bv Associated Press.

by <aSSOCldIeu fIeSS.
CHICAGO, June 1-Wheat prices on the
local exchange declined nearly &c per
bu'shel today because OF selling brought
out by prospects of warmer weather Tor
close the July delivery showed net loss
o. 11aQl9sc September was down lWl1sc.
July corn was off he, ., oats oUo were e,,,H zsc
Weather conditions IN America were
the dominating influence with wheat
traders today, the situation In, Europe
being Temporarily relegated to the back
ground. rne. wea. .Aer bureau reported
general rains in Kansas, Nebraska, Iowa,
Missouri and Illinois, with higher tenn
perature in Minnesota, the 'Dakotas and
the Canadian northwest. A general bulle-
tin issued from Washington also pre-
dicted that beginning next week the coun-
warmer weather. These We're. the infiu-
ences that inspired the selling move
ment. Although commission houses were
fairly active buyers early in the day, the
was claimed that fewer buying orders
were in the hands Of the leading commits
sion houses than at any time since M wheat e.;
Throughout the day pit traders and small
holders hammered the wheat and prices
steadily declined The market closed
weak with prices only trifie above the
lowest point of the session.
July opened a shade TO- AQasc higher at
99A@991ac, sold off to 97asc and closed at
at S1O1 and then declined to 99asc. Final
quotations were at $3.50.
slight extent by the breeak in wheat
prices. Trading, however, was very
quiet. Country offerings over night We're
reported as being more, liberal, but they
were still considerably below the normal
for this seaso nof the year. Cash corn
was again in active demand by eastern
market for options. The, close was easy
July opened "a &c higher at 54@54Ac
sold off to 5S7sc and closed at $3.50.
Realizing sales by leading longs caused
proved w9kther conditions and the slump
in wheat were the main reasons for the
drmness early in the day bit t. finally IIy
opened is@ssc higher at ea 4P5S@4s%c, soIS soII
eff to 4SI7sc and closed at ,49c.
Provisions were affected by the weak
ness of grain and ruled weak the entire
session. Local packers We're the prin-
cipal sellers; while the buying was scat
30 cents to 1920. Lard was off 103121sc
at s9.171a Ribs were 121bc lower at $S7719
Market Ranges
wheat-July 97qsc; September, a9%c;
Corn-Jgly. 5Ss$c September, $3.50; De-
Oats-July, 49c; September, SOC; Decem-
ber, 411s641%c.
Cash quotations were as follows
Flour-Barely steady; winter patents,
$3.90Q4.20 straights, $3S063.95; spring pat
snts, $75@5s5; T. sdIS, straights' sS.5o@4.56;
ozNyJas WheetIN9 at spring, oGaSS s. Oo9194 No g.
2, Sac; No. yellow, 54A@541ac. Oats-No.
2, 46c; No. white, 49c; No. white, 46@
4s,sc. Barley-Good feeding, 6SG69c; fair
to choice mailing, 69@73c. Flax seed-No.
1 northwestern. H.9l1s. Prime timothy
seed, S4.75. Clover. contract grades, S15.25.
Provisions-Short ribs, sides Qoose),
$S6215Gl8.75; mess pork, per Dbl, $l6.121a@
1925; lard, per 100 lbs, $910; short clear
sides (boxed, $9.00Q9.25.
Articles Receipts Shipments.
Flour barrels .......... 34,400 25700
Wheat, bushels ......... 27,000 1880
Corn, bushels ...........565 800 264 700
oats, bushels .........2SI' sOO 239 @ @20O
Barley, bushels ......... 36,10O $4,000
NEW YORK. June 1;;Z-Wheati spot
July, .$1;o5; September s1.OS%; Decem-
Hops, quiet; Pacific coast 1906 crop,
S@11c; 1905 crop, 6@Sc. a
Wool, steady; domestic heece' S2V
Petroleum, steady.
SAN FRANCISCO, June 1.-7Wheat'
steady; December. S1.59 asked; cash.
$3.50.
Barley, steady; May, s1,29 bid; De-
cember, S1.25ls; cash, $1.23A.
GN.evN. 80 I~W - - 1s.wW