Los Angeles herald., 1907-10-18
CHICAGO GRAIN
BY Associated Press.

| BY Associated Press.
| CHICAGO, Oct. 1.-THE wheat market was
extremely weak all day because OF aggressive
selling by local and outside longs. Prices
were down about cent at the opening. owing
to sharp declines at all OF the principal grain
4 centers of Europe. AS trading progressed
| the weakness became more pronounced. A
| bank failure in this country. the suspension of
| an influential financial institution in Germany
and apprehension of fresh declines in foreign
| grain markets tomorrow following the slurnL
| OF today in this country were the principal
factors in causing the persistent selling.
break of nearly cents per bushel in the
price of wheat at Winnipeg. where receipts are
said to be increasing, inspired additional sales
on the local exchanges. The fact that no ac-
ceptances of American wheat for shipment
abroad were reported by exporters except for
a moderate quantity at Duluth was a further
aggravation to the bearish situation.
At the low point of the day the price for
May delivery was almost cents below yester-
days close. There was a rally of about 1ac
from the bottom. but the close was weak
December opened ssq1hc lower at ST. O3aa q
1.O4is, sold off to $l02 and closed at 81 02lsqD
l.O2ss. May ranged between s1.07ss@1. 09s4 and
closed at $1.0SB@1.0SA a net loss of 3Ac
Corn prices broke sharply in sympathy with
the slump in wheat, prices at the low point
being down nearly &c from final Quotations of
yesterday The selling was general and seemed
to indicate that the market had been largely
overbought, Demand was Indifferent and con-
| fined chiefly to shorts
Weather was ideal for the curing OF the
new crop.
Cash corn was off 2021kc and this had a
Weakening effect options The close was
weak. December opened isGplc lower at 6lisdo
| &C. sold off to 60Ac and closed at 6ic May
ranged between 61M%63c and closed at 8aIsc.
Trade in oats was very quiet and the mar
ket was affected by the weakness of wheat and
| corn. decline of 1c in the price OF cash
| grain was an additional weakening influence.
December opened l4c lower at 54ssc sold be-
| tween 53A@54iac and closed at 53ssI5s%c
| Provisions We're easier because of the weak
ness of grain. Trade was only moderate At
| the close January pork was off 2isc: lard was
| down 2Ihc and ribs were 5G5Isc lower
| SAN FRANCISCO, Oct. 1T.-Wheat. easier;
Dec. s170A; cash. s1.7o. Barley, easier; Dec
| 81. 1914 May s1.671s; cash. 81 65 Corn. steady;
| large yellow, $1.60@1.65.
Afternoon sesson-Whcat easy; Dec 81 TO-
Barley, easy; Dec 81 63A asked May 81 67It
NEW YORK, Oct. 17.-Wheat broke nearly
| &c bushel and 2ssc In the New York
produce market today under the demoralized
condition growing out of a smash in Liverpool
| prices, lessened export interests and disuulet-
| Ing Wall street conditions. December wheat
touched 1889 or DC down from the recent high
| point
Market Ranges
wheat--Dec. sl.o2A0lo2%; May, s1.OSM9
| / .0Sl&; July. 1.01%
corn-Dec. Gle: May. s2N9s2Ac; July 61%c.
oats-Dec. 5sSsd53Sc; May. s5%G55%c; July,
49q1c.
| Cash quotations were follows:
| Flour. easy to 1Oc lower; No. spring wheat
81. 1901 IS; No g. sl02Gp117lz; No. red, siO01s
| SD1 0S; No. . corn, G3Ac; No. yellow, 63A@
| 04Mc; No. oats. soc. No. 8 white. 5l953hc;
No, rye. sec; good feeding barley, s5cla2ci
fair to choice mating, $1O291. .05; No. / north
western haxseed. sl.25; prime timothy seed,
! 81, 80; clovre contract grades, sl700; short
ribs, sides. loose, $f.s7ik@s.6o mess pork per
short clear sides boxed. sss2X X0s.s7M; whisky,
basis of high wines, ST. 49,