New-York tribune., 1907-12-31
CHICAGO GRAIN AND PROVISIONS.

,.,..., r,ec aa-The price of wheat for May
delivery broke more than sc to-day peeduse t 90, "
heavy selling by holders The net 6echhe Ioi 'iie
40, was 2alc to Z7sc Corn was down sc TO 12'
oafs were sc lower and provisions were unchanfu
TO SC lower. =. -, so,-
The wheat market was erratic early IN the Gay,
b,,t later became extremely weak. The dominating
infuence was selling Of the May option Dy ldISt
holders the total sales of one former pun ie"oe
-, estimated at all the way from 3co0.0O TO
e0Q 900 bushels News of the day was geneFaH!
unfavorabIe the bulls. Liverpool cables "eiS
bareIv steady. The worlds shipments Tor tie
yreaa were about 10000 bushels more than eX-
pected the visible supply increased L5i2'9 pus'l@
against an Of $1,000 bushels l"f the SailiI
time last year: the amount on passage lHcIe''9e'
500 COO bisheIs and the weather in Argentina was
favorable for harvesting Early in the day Ine
n~ica NJ Nav was Did up to 81 rs by shorts 1he
decline caused by the heavy realizing sales was
not checked until May had dropped to 81 VIA Inc
market closed weak May opened sc TO 12c lo"eI
at 81 ca. TO 81 075s, advanced to 81 OS ami decne1
TO 81 Oa24. The close was at 81 o4ts 10 ,! o'- L.
ances of wheat and flour were eQuai To 4S",2'
bushels. Primary receipts were 9'l'V'' puShe'e'
against $4,000 bushels on the same day las' yeaI.
NinneapoIis Duluth and Chicago reported receipts
of s43 cars against last week and 913 a year ago
The read diustn,ent of the prices of the December
delivery with those of the cash grain brought
about break Of 5jsc in the price OF Decehper
corn to-day. Other deliveries We're bearishly al
fected by the drop in December, which was from
Gl2c 55asc. The market was weak m the ia't@r
part Of the session. Early in the day sentiment
was bulIish because of firm cables and wet weather
in the corn belt. The market closed weak MAY
oDened Isc to &c higher $3.50 to 60c, advanced
to 60ssc and then declined TO 59c- The close was
AT 59I,c to 593sc. Local receipts were Z33 cars,
with . of contract grade
The oats market opened firm, but declined with
wheat and corn Trading was light May opened
lsc TO &C higher at 542c TO 5ic, sold off TO 53Ac
and closed at SAC Local receipts We're H9 cars
Provisions opened firm because of &c advance
in the price of live hogs Later hogs declined and
provisions fell off. At the close May pork was off
sc al sl3 l2I2 Lard and ribs were unchanged at
s. S. and 81 10. respectively.
Estimated receipts for Tomorrow; Wheat "
DOG lppz * head
The price of wheat the local market broke
sharply yesterday on reported sales of 7t0p.t5J
bushels by the bull party in Chicago. The decline
was from eAc TO sac a bushel. Corn broke 1l2c
bushal in sympathy with wheat The close AT
a net loss Of 21sc 3lsc from the closing price on
Saturdas. with indications of going lower Reports
Of fnc weather in Buenos Ayres and unsatis-
traders said that principal cause Of the break
market which sell large lines of long wheat.
but that the latter had pretty well eliminated
in the recent advance, and rs result the longs
unable dispose of their offerings, and the
crash in prices followed.
AT the opening the market started cut t:i1e
lower than on Saturdays close, hut rallied almost
Immediately 10 near the high point OF Saturday,
May touching 81 u and July 81 oe15. The closing
prices were: May 81 49, July. 81 cas-
The New York Produce Exchange Will close at 1
o'clock today the annual yearend celebration