Evening star., 1907-05-26
FINANCE AND TRADE IN
MARKETS OF THE WORLD
THE GRAIN MARKETS.

CHICAGO, May 25.-After an easy OPEN
Ing caused by reports OF wet weather
throughout the west the wheat market to-
day closed strong and higher because OF
flood of bullish news, and strong buying for
export. At the close July wheat was up IN
a1%. December was IN to ~ higher, and
September was up 1Aa1S Corn was up u.
Oats were haH higher. Provisions were IA
lower to 711 higher. The wheat market
throughout the day was nervous. and re-
sponded readily to either bullish or beartsh
influences. The volume of trade was light
compared with the market during the
earlier days of the week. At the opening
prices broke somewhat on the report of
rains throughout the west, although even
this was offset by the prediction Of the
weather bureau that. colder weather would
follow the rains. Prices rallied sharply,
however. soon after the opening decline.
Advices from abroad were decidedly Of a
bullish character. 1t was reported that bad
weather throughout the continent of Eu-
rope is affecting the crop strongly, and Liv-
erpool was reported as strong In response to
these advices. 1t was also declared that
Argentine grain houses had rebought car
goes off the English coast at a material
advance. 1t was also declared that English
and continental buyers were bidding stifhy
for cargoes of all sorts of grain. From Man
itoba came statements of an excellent de-
mand for export. and reports Of much re-
seeding to other crops of land formerly in
tended for wheat. Under these advices the
market steadily advanced and closed strong.
July opened 1saA to 3sa1k lower. at 9sA to
%, sold between 99b and 101, and closed at
10O1a. September opened ssah to &a% low
er, at 997s to 10Os. sold between 99B and
1o2, and closed at 101Na1o2. December
opened to " lower at 1908 to 1O11b, sold
between 1O0B and 1O3, and closed at 1929.
Clearances of wheat and flour were equal to
600 bushels. Primary receipts were
10000 bushels, against 100000 bushels last
year. Minneapolis, Duluth and Chicago re-
ported receipts of $50 cars. against All cars
last week and $50 cars one year ago.
Corn held strong and steady all day de-
spite the reports of rain throughout the
corn belt. The cash market was strong
and Aae higher. The price Of options was
aided materially by this fact Trading was
quite heavy. July opened u to X higher. at
53 to 537s. and after selling at 5S&, closed
strong at o3s Local receipts were 27S cars,
with 12o of contract grade.
The oats market was affected by the
strength of other grain and by the reports
of rain in the west. Prices however, made
only slight gains. Primary receipts were
small. and there were numerous reports Of
damage. July opened unchanged to V
lower at Al to ATS, sold between 47A and
ATS, and closed firm at 475sa47%. Local re-
ceipts were 1O6 cars.
The provisions market was quiet all day.
Prices were easier at the opening because
of weak market for live hogs, but July
pork closed higher. principally on the COW
ering of shorts At the close July pork was
up ~, at 1850. Lard was down IN at 9.02h.
Ribs were 21xa5c tower at S.771kaS.8O.
Estimated receipts for Monday-Wheat
80 cars; corn, 256 cars; oats, 16O cars; hogs
1900 head.
MILWAUKEE,, Wis, May 25.-wheat-
No. 1 northern, 1.O3a1 .04; No. 2 northern. 90
a1.01; July, 1.0O1a. Rye-No. 1, S6aS61z. Bar
ley-No. 2, 79has0: sample. 64a8O. Corn
No. 3. cash, 52ha53A; July. 53ss asked.
DULUTH. Mimi. May 25.-wheat-No. 1
hard. 1.04as: No. 1 northern. 1.O3x; No. 2
northern, 1-O1M; May, 1.03; July, LOSS;
September, LOSS.
MINNEAPOLIS, MINI. May ,2s-wheat-
No. 1 hard 1043sa1 .O4k; No. 1 northern,
1:o3@sa1.O37s; No. northern, I00ha1 .01H;
No. northern, 97asa997s.
Flour-Firm; first patents. 5.15a5.3O; Sec
ond patents, 5.0Oa5.15; first clears 3.65a3. .75;
second clears, 275a2. .S5.
ST. LOUIS May 25-wheat-No. 2 red.
cash. 9S4a99: No. hard, 86a98: July, 81;
September. 9SA.
Corn-No. 2. cash, 541z; July, 52M; Sep
tember, SOS: No. white. IS.
Oats-No. 2, cash, As; July, Az; Septem-
Der, 3sh; No. white, Al.
New York Closing Stock List.