The independent., 1907-01-31
SMALL RECEIPTS In NORTHWEST
HELP PRICES.
GAIN OF NEARLY HALF CENT
Trading in the Pit Quiet Early, But
Later Active-COrn and Oats
Gain and Provisions
Much Improved.

CHICAGO, Jan. 3O.-Small receipts in
the northwest and the prospect tEat the
weather will delay an Increased move
ment caused strong tone today in the
local wheat market. At the close wheat
for May delivery was up A@kc. Corn
was 3sQg1ac higher. Oats gained nc. FRO
visions were 100121xc to 4213c higher
Trading in the wheat pit was quiet
early in the day but became active about
the middle of the session and continued
until the close. Throughout the day the
principal demand came from shorts, al
though commission houses also bought
freely A decline at Liverpool which de-
pressed prices somewhat early in the
day was completely offset by the small
northwestern receipts and colo ana
stormy weather throughout Minnesota
and the Dakotas. In the southwest where
the fall sown crop is said to be unpro-
tected, much lower temperature was re-
corded and the official forecast was Tor
still colder weather Late In the DAY
the market was further strengthened by
reports which asserted that flour stocks
in the east are very low. The market
closed strong with prices near the nlgn-
est point OF the day. May opened hc low
er to shade higher at rs to 701sgAc, sal az
vanced to 1880 and closed at 7S1249sc
Clearances Of wheat and flour were equal
to 32S, 900 bushels. Primary receipts, were
501, 900 bushels against 44,OOO bushels TOT
the same day last year Mlnneapoiis,
Duluth and Chicago reported receipts OF
402 cars a year ago.
News from Argentina was the con
trolling factor in the corn market, It pe-
ing claimed that the crop OF tnat coun-
ther These reports caused active cover
ing by shorts and impaired considerable
strength to the market. Selling was
scattered and mainly by local Longs Longs; rne nne
changed to a shade lower at 46gb 70
46Mc. sold between 46 and 46s@&c and
closed at 4614G465sc Local receipts were
365 cars with three cars or contract
grade -.
Oats were strong all day with the chler
cause of the strength being lively de-
mand for cash oats by shippers OHerines
were light. May opened bc higher at 1t
$3.50, advanced to 3sAc and s, ca closed rs at 90
&c Local receipts were III cars.
Trading in provisions were unusually
active and the tone of the market was
strong Despite a Sc decline In the price
of live hogs the market opened Illlm attu
as the trading progressed gained strengln; sihl
The purchase of 100000 pounds of ribs
credited to a local packer gave a strong
impetus to the upward trend OF prices.
AT the close May pork was up 4112e y s1,ldS aS
Sl71715. Lard was up 1OQl21sc at @s;nieSg 81 eSep
$50 Ribs were 171zQD20c higher at $500
962S1a.
Wheat, 26 cars; corn, All cars; oats, III
cars; hogs, $1,000 head.
Cash quotations were as foLo"S.
Wheat-No. 2, spring, 79@S3c; No. 8, u
at SIC; No. 2 red, 74AD74Ac.
corn-No 2. 43lbc; No. 2 yellow, Hc.
Oats-No. 2, 36Ac; No. 2 white. SSAc;
No white 57@3Sc.
Rye-No. 2, G2lac, - -,ore.
Barley-Fair to choice mating 5idooc;
Flax Seed-No. 3, s1.1Sh; No. / north
western, $1.23R
Timothy seed-Prime, $3.50.
Clover-$13.S5. -,,.o .o,,
short ribs sides Qooscl. ssS7iha9. 621A-
Mess pork. per bbl:, sl6.Slh2.
Lard, per 100 lbs, sS.65. .o,,
Short clear Sides (boxedD, seS71Ea9. 621s.
Whisky. s1-29 ,,4u