Evening star., 1907-11-17

CHICAGO. ILL.,. November 16.-Oversell-
ing by bears and their covering later
caused a slight advance and a steady
close TO the wheat market today. The
final quotations on wheat were Y higher.
Corn was unchanged.
Oats were 1s higher.
Provisions were SC lower to a shade
higher.
The wheat market opened weak because
OF lack of support. which was based
largely upon lower prices at Liverpool.
The fear was also expressed that the
Bank of England may again advance its
rate of discount. and this caused consid-
cradle unloading of long wheat. as we'll
hS much selling for short account. The
bears oyershot the mark somewhat. and
their Efforts to cover late in the day
caused the price Of December to advance
quickly. with the result that 1T closed
higher than the last prices Of yesterday.
slight reaction was caused from the
top price OF the day by the unfavorable
opinion generally entertained of the New
nand was practically nothing. December
wheat opened asah to ssax lower. at 93M
10 a33s. and after selling between 93M and
s4s. closed steady at 94ss. Clearances of
wheat and flour were equal to 10000
bushels Primary receipts were SOS. 600
bushels. against $4,000 bushels on the
same day last year.
Minneapolis. Duluth and Chicago re-
cars last week and 4S6 cars one year
ago
The corn market was nervous and prices
were generally lower, with the trade chief
y of a local character.
The good weather for the curing of the
crop and the weak tone of the wheat
market during greater part OF the day
w're the depressing factors Trading was
very light December corn opened YAK
TO l@aas lower. at 54B to 54A, sold be-
tween u and 54A and closed unchanged
al oiSs. Local receipts were 124 cars with
70 Of contract grade.
me trade In oats was exceedingly light
and was confined largely to professional,
trading The demand for cash oats was
poor. and local sales were only 81 600
bushels December oats opened u higher
~ fo's, sold between 46 and 46As and
'.osed at 46ia. Local receipts were lH,
,drS-
me weakness of grain caused an easy
opening In provisions. but later the Gov
ing by shorts in ribs brought about a
i-gain OF the early loss. Trading was
not large At the close January pork
was > cents lower at 1918 Lard was
- ,ents lower: at 1871. Ribs were a
SLade higher. at 6.SII.a6 80
,ui1-S,it irs,i.nhaed It, receipts for Monday are:
w neat. y cars; corn. 144 cars: oats l26
cars. hogs. 5000 head.
MINNEAPoLIs. MINI. Novembe, ,e
Wkeat-Dscember. 031a: MAY. 10. No
hard. 1OIAal. .oSit: No I northern
.O6i4 a. n5ai; No. northern, O3& al O4l,.
No; northern. aaal O1A.
Fiour-tlrst patents. 5.4Oa5 60; second
patents. 3-2ua.i 10: first clears. Boat 40.
second clears. 35ia3 70
Bran-In bulk, 20 25a2O50
bII.J TIL MINI. November 16-Wheat
No. l hard. l.07I2: No. / northern 0f.
No : northern, 1.0314; December, o41s;
May. 1loi.
MILWAUKEE. Wis. November 16
Wheat No. l northern. 10Ta1.O9; No Q
northern i"ia1.o7: May. 103ss asked.
RNe-No. |. slas2.
Bdtl~y-No. =, 80 sample 60a94
tcrH- No >. cash. J94593k; MAY. Sc bid.
ST. LOUIS. Mo November 16-Wheat
No red. cash, ~. No. 9 hard 9Sa1 OIL:
December. 93l. a93as; May IO2ssal O2a.
Corn-No. ., cash, IS; December. sos.
MAY. 534 No. white. 5S
Oats-No. z. cash. A: No. white, At:
December, Al; May, ass.
CINCINNATI. Ohio. November ls-
Hogs Active; butchers and shippers.
6.G0aI 10; common, 4.70a5 40
Cattl-- Steady; fair to good; shippers,
4.G--i:1.J.