Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-04-14
THE GRAIN MARKETS.

CHICAGO. April 13.-Reports OF damage
by frost In the southwest caused a strong
wheat market here today. At the close
May wheat was Il higher Corn was I'M
changed to Is higher. Oats We're down Is.
Provisions were unchanged to 2ia higher.
Reports of damage by freezing tempera-
lures in the southwest came thick and fast
as soon as the market opened. Prices
quickly rose l. cent. and only the fear of
carrying lines over Sunday prevented the
market from closing higher than it actu-
ally did. Because of the uncertain weather
conditions many traders We're adverse to
holding their wheat, and after prices had
materially advanced seized the opportunity
TO take profits. In addition to the damage
reports was a fear that snow in the north
west will prevent seeding operations This
fear added strength to thc market. Sta
tistics were inclined to favor the bulls, but
traders in general paid little attention to
statistics and guided themselves entirely by
the crop reports.
The close was strong May opened 4 to
u higher at I91. to 1912. sold between 1875
and 1885. and closed al 1915. Clearances of
wheat and -four were equal TO 391, 700
bushels. Primary receipts 674,000
bushels. against $4,000 bushels for the
same time a year ago. Minneapolis. Du-
luth and Chicago reported receipts of 474
cars against 464 cars last week and 1893
cars a year ago
With cables reported as up Is to Nd corn
opened strong. Bullishness in wheat and
oats was also a factor but realizing sales
and the indisposition of traders to carry
lines over Sunday brought about a decline
which wiped out all of the early advance.
IT was reported that primary receipts are
below the shipments. May opened &aIs
higher at Asa, sold between 47ss and 4Siss
and closed firm and unchanged to u higher
at 4IH.. Local receipts were 191 cars, iu-
Guiding two of contract grade.
The oats market opened strong in conse
quence of damage reports. and because of
the statement that in various places fields
| of oats are being plowed up to be sown
with corn. The oats market bulged q on
| these reports. and then. as in the case of
| wheat and corn. heavy realizing set in
| AS result. the market declined to level
/ lower than that of yesterday. Trade was
| chiefly in the July and September options
| May opened 4 to " higher at 44as to 441s.
| sold between 43a4 and 44ss. and closed at A.
Local receipts 1874 cars.
Provisions ruled steady all day. At the
close May pork was up 2h, at 16l-7H
| and lard pa. at $40 Ribs were unchanged
| to 2la higher. at so.
Estimated receipts for Monday-Wheat
| ~ cars, corn, IL cars, oats, 1Oi cars,
hogs. 1900 head.
MINNEAPOLIS. MINI. April l3.-wheat
| May. s12sasik: July. SSA: No. 1 hard
sis.asJIs; No. / northern. S,ssas4ls: No 2
| northern, Sl9sas2ls; No. northern, 79as0.
Flour. first patents. 4.20a435: second
patents 40Ja4.20; first clears, 3 20a:, go
! second clears, 2.40a2.J0
Bran in bulk, 16.50al6.IJ.
| DULUTH Mimi. April l3.-Wheat. No.
hard SJA; No / northern, san: No. ,
northern. s27s May, ss$; July, sias; Sep
TENDER. Si14.
MILWAUKEE, Wis. April i3.-Wheat
No l northern, SASS; No. northern
s2aS3E: July, sl1s asked.
Rye. No. !, 11aIlh
Barley. No. =. 7l1aaT2; sample J9a11.
ST. LOUIS, April l3.-Wheat, No. z