The independent., 1907-02-14
LOWER PRICES AT LIVERPOOL
CAUSES SELLING.
MARKET DOWN OVER A CENT
Weak Opening Mt Chicago, Follow
ed by a Steady Downward
MOvement-COrn and
Oats Lower.

CHICAGO, Feb. 13.-The price Of wheat
for May delivery declined sharply today
er prices at Liverpool and by the pros
pect of more liberal movement in the
northwest At the close the May option
was down rsss1Ac. Corn was off NC.
Oats were down &c Provisions declined
15c to 35c
The wheat market opened weak follow
ing sharp decline at Liverpool which
was said to have been caused by a di-
minished shipping demand. The market
was also affected somewhat by increased
receipts in the northwest. During the
first hour selling by local and outside
longs was general Toward the middle of
the day the market rallied on an active
demand by commission houses. The rally,
however, was short lived. Renewed liqui-
dation by longs caused another slump.
During the last hour there was free sell
ing by commission houses caused by the
report that receipts at Minneapolis and
Duluth are likely to Increase during the
remainder Of this month. The market
closed weak with prices close to the
lowest point. May opened ssc to 5sc lower
at 1850 To 1916, sold up to SG1sc and then
declined To 79c. Minal quotations were at
79a79lsc Clearances of wheat and flour
were cuual To l29, 100 bushels. Primary re-
cepts were $4,000 bushels for the same
day last year. Minneapolis, Duluth and
against 153 ears last week and 2S6 cars
year ago.
Sentiment ir the corn pit was bearish
for the greater part of the day, but fairly
active demand by elevator concerns pre- pre-
vented any material decline Of prices The
weakness Of wheat was the chief de-
pressing influence. Commission houses
were the principal sellers. The market
closeG steady. May opened shade to
1sM4c lower at 461ac to 467sc, advanced
to 1850 and closed at 46140l465sc. Local
receipts Were 562 cars, none of contract
grade.
Trading in oa.s was very quiet and the
market was inclined to be weak. The
break in wheat induced pit traders and
local longs to sell but offerings were well
taken by cash houses May opened nc
to asc lower at 403sc to 401Ac, sold up to
4C&4c and closed at 403sc Local receipts
were 2OS cars.
Provisions showed considerable weak
ness despite q 5m10c advance in the price
of live hogs. An official report Which
stated that on January / there were e.
600 900 more hogs in the country than on
the same date last year caused free sell
ing. An anticipated falling off in the
demand for meats during the Lentcn sea
son also weakened prices. At the close
Nav pork was down 35c at ST. 40. Lard
was down 171ac, at $9.97lh. Ribs were 15c
lower at $3.50
ESTIMATED receipts for tomorrow:
Wheat. % cars; corn, $40 cars; oats. l6S
cars: hogs, $4,000 head
Cash quotations were as follows:
Flour-Steady.
Wheat No spring, S2@S4c No. 74G
S3c No. red, 75076c.
Corn-No. ., 43a4c: No. 2 yellow, 44Ac.
Oats No . 3S1Ac; No white. 414c;
No white. 39041c.
Barley-Far to choice mailing 56a60c.
Flax seed No. !, $1.19; No 1 north
western, s1.26.
Clover-Contract grades. $1350
Short ribs, sides, Qoose), 80 925m9.50
Mess pork-Per bbl.. $i7.25
Lard Per Ito lbs. $3.50.
Short clear sides (boXed), 50 371ad9 .621b
Al1isl,A--A1 70