The independent., 1907-04-25
DRotrH IN KANSAS FURNISHED
INCENTIVE FOR RISE.
JULY CLOSES HALF HIGHER
Corn Was Up Half a Cent and Oats
ar Eighfh--Wheat at Liver
pool Was Much
Stronger.

CHICAGO, April 24.-Drouth in Kan
sas furnished the chief incentive to
further advance in wheat prices here To-
day the July delivery clising at a net
gain of Rc. Corn was also up Nc and
oats H0hc. Provisions were 71zGp1Gc to
12kc tower.
Tne continued absence of rain in Kan
sas as shown by the weather bureau
caused a strong opening in the wheat pit
there being an active demand. An ad-
vance of 1a@&d in the price of wheat at
Liverpool said to have been due to un-
favorable crop from this country and
also advlces OF a similar kind from Ger
many and other parts OF Europe served
to stimulate additional bulish sentiment
among local traders. Demand continued
urgent all day and in spite of heavy real
izing sales, prices were well maintained.
A report from New York which claimed
ninety boatloads of wheat had been TAX
en- there for export tended to inspire
fresh enthusiasm among the bulls late
in the session Primary receipts were lib
eral, total arrivals today being 7333,000
bushels compared with 272,000 for the cor
responding day year ago This brought
out active profit-taking but all offers
were readily absorbed. The market
closed strong. July opened AG5sc to1a@
SlAc and then advanced to S1sc, closing
at SfssM81ac. Clearances of wheat and
-four were equal TO $4,000 bushels. Min
neap0lls, Duluth and Chicago reported
receipts of 595 cars against s93 cars last
week and III cars a year ago
Trading in corn was more active than
for some time past and the tone OF the
market was strong. A sharp advance in
The price of corn at Kansas City had a
bullish effect on the market here Other
+ influences contributing to the strength
were the advance in wheat. small re-
ceipts and unfavorable weather for farm
work Shorts ard commission houses
were the principal buyers while local
closed strong. July opened h@Ac to Ac
higher at 48a4G4S7sc, advanced to 1870
49Ac and closed at 49lAc. Local receipts
were Ill cars with seven of contract
grade.
Oats were quite strong early In the day
because Of numerous crop damage re-
ports and also because Of the strength
Of wheat. Later the ,narke. reacted
somewhat owing to the free selling by
longs. The volume of trading was only
aountry had a depressing effect July
opened 1sc to 1s@Ac higher at 4llsc to
4l1sas1i4c, sold at 41Ac and then declined
to 403sc. The close was 411sQ41Ac. Local
receipts were 2H cars. Il
There was little trading in provisions
and the tone of the market was rather
weak. a 5010c decline in the price Of
live hogs brought out moderate selling
by local packers. Demand came chiefly
from shorts. At the close July pork was
off 10c at $3.50 Lard was down, 121ac
at $50 Ribs were 71sGD10c lower at SS.55
Estimated receipts for tomorrow are:
Wheat q cars corn, 13o cars; oats, t95
cars hogs, $1,000 head.
Cash quotations were as follows
Flour-Irregular.
Wheat-No. spring, S2@S5c; No. 3. TAO
sic; No. 2 red. 7S1s6l79c.
Corn-No. 2, 4SAc Ne. yellow 49c
Oats-No. 2, 4S5sc; No. white. 4cM43Ac.
Rye-No 9, Csc.
Barey-Fair to choice mailing, 6SG7Sc.
Flax seed !, $l.111s; No. north
western. $l.1Sh.
Timothy seed-Prime. $4.25.
Short ribs. siles 0oose). s.. 35dS 45.
Pork-Mess, per barrel, s15. 75G15 S7ls.
I.ard-Per 100 pounds, sS55.
short clear sides (boxed), IS 1908 90
Whisky-Sl. %.
Receipts. Shipments.