The independent., 1907-03-14
INFLUENCE OF THE "GREEN BUGv
DISCOUNTED.
MAY OPTION LOSES QUARTER
Kansas Crop Declared Unframed
by Pestifcrous Insect-Henvier
Decline Experienced in
Corn and Oats.

1IliIALc, Mafcn B.-Denlal OF the
stories circulated yesterday of damage
to the Kansas wheat crop by the green
Dug caused a sharp decline today in
prices on the local exchange The closing
quotation of the May delivery was Ac
lower Corn was off as@1zc. Oats de
cilned lc Provisions were 10c lower
While numerous reports were received
To-Day of the ravages committed by the
green bug II was declared positively
tnat the Kansas crop is still unharmed.
pit traders here placed more credence in
the latter adyices and sold freely all day
Local and outside longs also sold exten-
slvely Rain was reported to be general
throughout Kansas and as wet weather
Is said to be fatal to the green bug
there was considerable selling on that
account. The failure of the Liverpool
market TO respond in any marked degree
10 yesterdays sharp advance here was
an additional bearish influence. The
market closed weak with prices close to
the lowest point. May wheat opened un-
changed to Nc lower at 7S14c to 7S1zc, sold
off to 77ss@1zc, and closed at 77lkc Clear
ances of wheat and flour were equal to
184600 bushels against 10000 bushels for
the same day last year. Minneapolis, Du-
mth and Chicago reported receipts of 403
cars against ,S73 cars last week and 391
cars year ago.
Extreme dullness prevailed in the corn
pit and the market was weak in SYM
pathy with wheat and oats. Leading COM
mission houses were the principal sellers
and shorts were the leading buyers The
market closed weak. May corn opened
unchanged to NC lower at 47c to 471sc,
sold off to 46ssc and closed at 465sd16%c
Local receipts were 1S9 cars, none OF con-
tract grade
declined sharply. Considerable long oats
Were thrown upon the market and pit
traders also sold on the belief that stocks
In country elevators and In the hands of
farmers are more than large enough to
meet all requirements until the next crop
is available May opened unchanged to
kc lower at 411ac to 4ssc, declined to
4011Q4Ossc and closed at 40ssc. Local re-
ceipts were 149 cars.
Provisions were weak on general SELL
ing. Besides the liquidation by small
holders, packers were credited with free
sales induced by large increase in the
movement Of live hogs AT the close May
pork was off 10c at $1,000. Lard and ribs
were also down 1Vcs at 1926 and $3.50, re-
spectively.
The estimated receipts for tomorrow
are: Wheat, II cars; corn, 255 cars; oats,
142 cars; hogs, 2700O head.
Cash quotations were as follows
Flour-Steady;. winter patents, 5000
s3.5oaa 50; straights, $s.1O@3.40; bakers,
81 10J2. 80.
Wheat-No. 2 spring, 7s@Ssc; No. 8, 100
SIC; No. red, B@76Ac
COrn-No. z 44a4c; No. yellow, 45Ac.
Oats-No. q 40c; No. 2 white, 40A@44c;
No. white 4Am42&c.
Rye-No 2. 66c.
Barley Fair to choice mailing, 71D73c.
Flax seed-No. |, s1.151a; No. 1 north
western. $1221a.
Timothy seed-Prime, $3.50.
Clover-Contract grades, $14. so.
Short ribs sides toose), S. 75dS. .S71I
Pork-Mess, per barrel. SIG. .D0aD16 .1215.
I.ard-Per 100 pounds, $9.05.
Short clear sides (boxed) IS S.S7l%G9 25.
Whiskv-Sl %