Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-06-02
THE GRAIN MARKETS.

CHICAGO, June Wheat prices on the
local exchange declined nearly cents per
bushel today because of selling brought
out by prospects of warmer weather for the
United States and. Canada AT the close
the July delivery showed a net loss of liza
15s. September was down 1a1k. July corn
was off IA Oats were y lower, and provi-
sions 10a121a to 30 lower.
Weather conditions in America were the
dominating influence with wheat traders
today, the situation in Europe being tenn
porarily relegated to the background The
weather bureau reported general rains in
Kansas, Nebraska, Missouri, Iowa and
Illinois, with higher temperature in Mime
sofa. the Dakotas and the Canadian north
west. A general bulletin issued from
Washington also predicted that beginning
next week the country in general would ex-
periencc much warmer weather. These
were the influences that inspired the SELL
ing movement. Although commission
houses were fairly good buyers early in the
day the demand from that source was light.
1t was claimed that fewer buying orders
We're in the hands of the leading commits
SION houses than at any time since wheat
touched the magical dollar mark.
Throughout the day pit traders and small
holders hammered the market and prices
steadily declined.
The market closed weak with prices only
Il trItle above the lowest Point of the SeS-
sion July opened a shade to 14a2s higher
at S9Haa9l2, sold off to 9.&s and closed at
!i's. September opened a shade lower to a
shade higher at 1tV7sa 1GO$4, sold at 101 and
then declined to !ry>s. Final quotations
were at 99a93is Clearances of wheat and
flour We're equal to 800, 900 bushels. Pri-
mary receipts We're ,23.tSO, compared with
32?.Uoo bushels the corresponding day a
year ago. Minneapolis. Duluth and Chi
feDOrteU
All cars last week and 212 cars a year
ago.
The corn market weakened to a
Shght extent by the break in wheat prices.
Trading, however. was very quiet Coun-
try Offerings overnight We're reported as
being more liberal, but they were still con-
siderabiy below the normal for this season
OF the year. Cash corn was again in active
demand by eastern shippers, and this tend
ed to steady the market for options. The
close was easy. July opened Is to g higher
a 5ta5ll4, sold off to 533s and closed at
o:i9s. Local receipts We're $50 cars, with
so of contract grade.
Realizing sales by leading longs caused
weakness in the oats market. The inn
proved weather conditions and the slump
in wheat We're the main reasons for the sell
ing pressure Because of q continued light
movement the July delivery displayed some
OF the tirmness early in the day, but finally
yielded to the general bearishhess. July
opened Is to IS higher, at 1875 to 1875, sold
on TO io1s and closed at 10. Local receipts
were I'll cars.
Provisions were affected by the weakness
of grain and ribs We're weak the entire
session Local packers were the principal
sellers, while the buyers were scattered
At the close July pork was down 81 cents,
at 6.1212; ribs We're 1212 lower, at S1I12.
Estimated receipts tor Monday: Wheat,
30 cars; corn, i43 cars; oats, 10. cars; hogs,
T., 900 head.
DULUTH, Mimi, June 1.-Wheat: No
hard, 1.02: No. 1 northern, 1.0l; No. 2
northern, J9l2; July, 1.Ol; September, 1.0OA.
MILWAUKEE, Wis, June 1-Wheat:
No. l northern, 1.0}a1 .O4; No. northern,
1.0Ia1.02; July, 915sa9IA.
Rye-No. l, SlaSI12.
Barley-No =, 1872; sample, 6Oa70.
Corn-No. 3 cash, 54a55; July, 533s bid.
ST. LOUIS, Mo, June Wheat: No. 2
red, cash, 9S12a99; No. hard, 81; July, 80;
September, 9G2s.
Corn-No 2, cash, 53a531la; July, 52lsa52A:
September 524; No. white, 5412a55.
Oats-No. =, cash, II: July, 45a4; Septem-
Der, 31A; No. white, 40.
M1NNEAPOLIS, Mimi, June 1.-Wheat:
No. hard, 1.02&s: No. l northern, LOIS; No.
northern, 991saJ97s; No. northern, g6a97
Flour-First patents, j. 15a5.25; second pat
ents, 5o0a5.1J; first clears, 365a3. 10; Sec
ond clears, 2.75a2S5.
Bran-In bulk, 17.25a175O.