The independent., 1907-02-21
DAMAGE Done WHEAT CROP
REPORTS RECEIVED At CHICAGO
IMPAaT STRENGTH.
Decreased Movement in Northwest
and steadiness of Liverpool
Market Have :. whole
some Effect.

~. d.
port demand and reports of damage to
the fall crop impaired strength today to
the local wheat market. At the close
wheat for May delivery was up 14Gssc.
Corn was up Nc Oats were 1sc higher.
Provisions were unchanged to &c lower.
Wheat opened firm because of a de-
creased movement in the northwest and
sthe steadiness of tho market at Liverpool
in face of the severe slump that took
place here Yesterday. The market was
also strengthened by numerous reports
that Russia is still buying famine relief
supplies in this country and in Europe.
Early advices from the seaboarn sug-
gested that further export business was
probable and these dispatches were con-
firmed later by the statement from New
York that about thirty boatloads had
been taken there for export. In addition
TO the strength gained from this source
the market was bullishly affected by re-
ports from st. Louis that winter wheat In
Missouri and in the Ohio river valley has
been damaged By the constant alteration
of freezing and thawing weather. Buying
throughout the day was chiefly by shorts
and commission houses while the chief
selling was by longs. The market closed
firm. May opened tsnAc lower at 77lsc
to 7714Mssc, sold off to THE and closed at
1Iasc ClearanceS of wheat and -four
We're equal to $4,000 bushels. Primary
receipts We're 595000 bushels against 604,
go bushels for the same day last year.
Minneapolis, Duluth and Chicago reported
receipts Of 375 ears against $40 cars last
week and 553 cars year ago.
Corn was firm all day on an active de-
mand by cash interests and commission
houses. The strength of the market was
based upon firm cables and the nrmness
of wheat. Because of scarcity of of
ferings the total volume Of trading was
not large. The market closed firm. May
opened isc to ls4l4c higher at 46s4c to
46s4n467sc, sold off to 465sc, advanced to
471sc, ard closed at 46Tsc Local receipts
were sss cars with one car of contract
grade.
Trading in oats was quiet but the mar
ket was firm in sympathy with other
grain. Offerings were slack and the
greater part of them We're taken by
shorts and cash houses. May opened un-
changed to hc higher at 4oss@4olbc. ad-
vanced to 405sc. and closed at 4014c Local
receipts were 103 cars.
Provisions were weak early in the day
because of a 5n10c decline in the price Of
live hogs, but later the market became
steadier on fair buying by local packers
At the close May pork was 21sc lower at
Sl6.75. Lard was unchanged at 1921.
Ribs were SC lower at 80.
wheat. : cars: corn. ATS cars; oats. 1W
ears; hogs. $1,000 head
Cash quotations were as follows:
Flour Easy.
Wheat-No. 2 spring, 75asac No. 8, n@
s2c. No. red, 73074c
Corn No. 2, 43Ac; No. yellow. 44c:
Oats No 2, 3sc; No. 2 white, 4l1s@41 &c;
Ne white. 39l1@4a40.
Barley-Fair to choice mailing, 59G62c
Flax seed--No. /, s117; No. ! north
western. $1.24
Timothy seed-Prime, A.55.
Clover-Contract grades, So. 60.
Short ribs. sides Coose), So. 0069. 25.
Mess pork Per barrel, SIS. 75G616.S0.
I.ard-Per 100 pounds, $9.6
Short clear sides (boxed). 50 2509 so
Whisky. $1.29.