Los Angeles herald., 1907-03-09
CHICAGO GRAIN MARKET
Change in Sentiment in the Wheat Pit
Lifted Prices-Provisions
Steady
BY Associated Press.

BY Associated Press
CHICAGO, March S.-The rally in the
wheat pit today occurred about the mid
die of the session. Prior to that time the
market was weak because of record
breaking shipments of wheat from Argen-
tina during the last week. Exports from
the South American republic were 4,624000
bushels, which was $4,000 bushels more
than had been estimated. The radical
change in the sentiment which took place
about noon was occasioned by the report
of a st. Louis trade journal which con-
firmed much that has been said regarding
the damage done by the "green bug" to
winter wheat in the southwest. 1t was
conceded by this authority that the crop
in Texas was almost totally ruined.
Shorts covered freely during the remain
der of the day and the market continued
strong to the close.
May wheat opened Aq2sc lower at 1890
nc. sold to 76A@769sc and advanced to
77%c;- The close was 7sc net higher
at 1850.
Relatively small local receipts had a
market and the market later was infiu-
enced by the advance in wheat. The close
was firm. May opened unchanged to a
shade lower at 467s@l47c sold at 467sc, ad-
vanced to 47Ac and closed 1sc higher at
471sc.
Oats for May delivery sold today at 43c.
which is a rev high market for the sea-
son. May oats opened a shade lower to
shade higher at 421S@425sc, advanced
to 4S and closed 1s@hc higher at 42asc
Provisions were unsettled. At the close
May pork was up 10c: lard unchanged ana
ribs 10c to 121ac higher.
Market Ranges
Wheat-May. 775sc; July 7S%c; Septem-
corn@May, 47%c; July, 4e1A@ie9sc; Sep
tember 46Bc.
OatS-May, 42&c; July SBu3I3sc' sep
tember 33c.
Cash quotations were as follows:
WReatINo. 2 spring. SO@S81sc; No 3,
73G821bc; No. 2 red, 731s@75Ac. Corn-No.
g 441hc: No 2 yellow, 45c. Oats-No. 2,
42Ac; No. white. 44c; No. white. 421A@
44c Rye-No. 2. 64lAc. Barley-Fair to
choice mating. 7OG72c, Flax seed-No. ].
81 .15IS; No / northwestern, N,221a. Prime
timothy seed, $45O946O; clover, contract
sr5%gS Proyisions rgO : short ribs, sides doosel.
$9.0O0912la: mess pork, per Dbl. Sl6,62ls;
lard per 100 lbs $780, short clear sides
(boxedl, $S.S71k@937h,
Articles Receipts, Shipments;
Flour, barrels .......... 25,000 81 600
Wheat. bushels ....,.. $4,000 2S'S09 SSO0
Corn, bushels .,...,..,,4 '9m g 9c9'uU0 0
Oats bushels ..........lSS'y0 -oi'do0 i'doo
| Rye. bushels ........'''' 1'ooo00 e'oOo eooo
Barley. bushels .....,- 476OO S'Soo
Cereals of the World
Bv Associated Press.
| LIVERPOOL. March S-Close' Wheat
March, SIS sd MAY, 6s o14d, july, 6S 212d,
| SAN FRANCISCO. March S.-Wheat-
| Firm; May. $1.29% bid. Sl.3O asked; De-
cember, sl.s6 bid; cash, Sl.S5
Barley -,Firmerj May a,lSSs; December
S109; cash, $1.16A.
| 'Corn-Quiet: large yellow S1.306D1. 35.
| NEW YORK. March S.--Except for
short time after the opening, when big
Argentine shipments depressed the mar
| ket wheat was active and much stronger.
| Southwest damage news coming on an
| oversold professional market caused the
afternoon jump of over cent per bushel.
and the market closed %@%c above the
previous night May closed S5Ac; July,
| 851sc; September closed S2hc
! PORTLAND. Ore, March S.-Wheat--
ley, Toe.
TACOMA, Wash, March S---Wheat-Iln-
changed; bluestem Tic; club, 69c red, SIC.
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