Los Angeles herald., 1907-05-26
CHICAGO GRAIN MARKET
Wheat Closes Stronger and Higher
Because of Bulllsh
News
Ru Aasnniated Fress.


CHICAGO, May 25.-After an easy
opening, caused by reports of wet
weather throughout the west, the wheat
market today closed strong and higher
because of a food of bullish news and
strong buying for export At the close
July wheat was up Ad1asc; December
was 1AQ1hc higher and September was
I'D 1A@13sc. Corn was up nc, oats were
X6%c higher and provisions were f1Rc
lower to TIC higher.
The wheat market throughout tne uaS y
was nervous and responded readily TO
either bullish or bearish influences. Inc
volume of trade was light compared 70
the market during the earlier days OF the
week. At the opening prices broke some-
what on the report of rains throughout
the west, although even this was otrsct
by the prediction of the weather bureau
that colder weather would follow the
rains
Prices rallied sharply, however, soon
after the opening decline. Advices from
abroad were decidedly, OF pulllsn cHa1- mar.
throughout the continent of Europe is al,
fecting the crop strongly, and Liverpool
was reported as strong In response, 70
these advices. 1t was also declared that
mercantile grain houses had bought
cargoes off the English coast at a ma
terial advance.
continental buyers were bidding stiffly for
cargoes of all sorts OF grain From
Manitoba came statements of an excel
lent demand for export, and reports OF
good markets. Under these reports the
market steadily advanced and closed
strong. July wheat was quoted on the
open at 1s@Ac to 11ac lower, sold between
959ac@$1.6 and closed at $l0O1a; a sepIteaGGaG2 Sep EN-,
ber opened ss@lsc lower at 99Ac@$1 .OOQ
/ OO1k, sold between 99%c and $1.02, and
closed at s1.O1%@1 .02. ,.
1.0i, sold between si.0l%Q1.OS and closed
at 81 025s
The he c corn Or market held strong and steady
all day, despite the reports r. Of rain rain
opened h@1sc higher at 5S9533sc and after
selling at 58&c closed strong at 52ssc.
The oats market was affected by the
strength of other grain and by rain re-
ports from the west July oats opened
Unchanged to 1sc lower at HGD47Ac, sold
between 47A@477sc and closed firm at 475s
Q47%c. y
The provisions market was dull all day.
Prices were easier at the opening because
of weak market for live hogs, but July
pork closed higher, principally, on the the
pork was up 71sc,, lard was down TIC and
ribs were 21s@5c lower,
b. Market Ranges
Wheat-July. .$1.Ooh; Dec. $1.O27s@1. .o29s;
corn-May, $3.50; July. $3.50; Sept 5sss
oaits-May. 47Esc; July. 47%@47%c; Sept.
39ssc.
Cash quotations were as follows:
Flour, steady winter patents, $4,000
4.SO; do straights, $S75@35O spring pat
ents So 5000 So do istrragdhst5s tr, $4OO94da55 d5;
@1.O2; No. 2 wed, 96AQ99c No. 2 corn,
541sc; No. 2 yellow, 541l@54alc; No. oats,
4lsse; No 3 white, 46@47Ac; No. 2 rye, S5c;
fair to choice mailing barley, 73@77c; No.
/ fiaxseed, 81 25; prime timothy seed, 81 65 +;
clover, contract grades, $l5.25; short ribs,
sides, loose, s8. .62lk@S.75; mess pork, per
bbl, SIG 5OQ16 .62ls; lard, per 100 lbs, $s.95;
short clear sides, boxed, $9.121aGl9. .371s (;
whisky, basis of high wines, $1.29
Articles Receipts Shpmts.
Flour, bbls ...'......'.. 11dOS dSS 52'sS0 sS0
Corn, bush ............... 20O,4OO 45l 400
Oats, bush ................ 124,500 525, 800
Rye; bush ;;..''..'''......' ,SSSSOO0o 200 o22o0SS
LIVERPOOL. May 25,-May wheat,
nominal; July, Is sgd; Sept. rs 51sd.
NEW YORK, May 2-spot wheat,
firm; options, May at 81 .05%; July $1.O6M ;
Sept ST .06%; Dec. 81 07ss.
SAN ERANCISCO Nav 25.-Wheat.