Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-05-17
WHEAT OVER D0lAR|
Wild Scenes Of Yesterdays Sen
sational Advance, Duplicated
During Today's Trading
CORN STRONG ON a RALLY
Market Opened Weak, in Sympathy
With Wheat, But Small Local Re-
ceipts, Were Responsible For Much
streneth-oats Market Shows Quite
a Strong rone-Provisions Weak.

Chicago, May 1.-THE scenes Of
wild excitement which attended yes-
terday's sensa tional advance in wheat
on the board of trade, was duplicated
during the eafly trading today. The
market showed sharp declines on ir-
itial transactions, due to heavy profit
taking, the losses ranging all the way
from half to 2, compared with yes
terday's close. In the first fifteen min
utes, however, the market had not only
!egained all the opening loss, but in
some cases had advanced / and " in
addition. July opened at 961s to IS,
and Advanced to 99h. September
rose from 97h to 80 to S1.O1, and De-
cember to $1.G1h. Again the market
weakened under food of selling Or
ders. and prices dropped back about
two. Weather conditions in the Cana
dian northwest were again favorable
to seeding spring wheat This gave
considerable encouragement to bears.
Bulls, on the other hand, were
strengthened in their belief of higher
prices by an advance of over Id az
Liverpool July opened ut 961s to 9S,
sold to 99k, then reacted to SO. Chi
cago Minneapolis and Duluth receipts
were 42S cars.
BY noon the market became sensa-
tionally strong and the activity ex-
tended into corn and oats. Wheat,
however, was still easily the STAR at
traction, and new record was set
when July made a frenzied jump 10
102, which is 81 cents higher than yes
terd6y's close. September, in long
Jumps, went to 1o2AI and December
advanced to 1033z. The upward trend
of prices during the forenoon caused
considerable short selling among pro-
fessionals. who play habitually for a
downward turn, but the nations wide
demand com pletely epgulfed the selling
orders and the figures continued to
grow on the blackboard almost as if
there were no sellers. In the volume Of
trade all records, including those of
the Letter scorner' days and the men
who went before him, were eclipsed,
according to statements of traders who
have been on the board more than q
geenration.
July closed alM higher at 1905,
and Seutember closed Tx up at 101 4.
Corn.
Corn opened weak in sympathy with
the break IN wheat but rallied and be-
came strong. Much strength was lie
to small local receipts, today being
only 65 cars. July opened at 52al q
52s, and advanced to 53A.
Continued strong; July closed A@B
upNat 5aA @53A.
There was active ard general d.
mand for oats, and the market shove.
considerable strength. Commission
houses led in the buying movemss.,
July opened at 44h @44A >and sold at
As. Receipts were .119 cars.
Trade in oats heavy, market adj
vanced sharply. July closed 21a high
er at 46M..
Provis, .,ns.
Trading in provisions was quiet, and
market was rather weak. Liberal re-
seipts Of live hogs were again the
dominating influence.
Chicago Grain.
Chicago, May II.
Wheat-No. 2 red, 971s @s91s; No. 3
red, 95@97,2 No. 2 hard, 97@99; No. 8
hard, sS@95. May, 1886. July opSned
at >965s to SO; highest, 1.o2%; lowest,
s69h; closing, 1.0Qh.
Corn-No. 3, 53@531a; MOI white,
541s; Nos yellow, 53A @54A; May.
54A. July opened at 524 @52B high
est, 54A;; lowest, sly; closing, $40
53M.
oats-No. 2, 4s; No. 2 white, 461s@
As: No. 3 white, 49, @e46. May, 471A;
July opened at 441z @44A; highest,
47% lowest, 441a; closing, 1875.
Chicago Produce.
Chicago, May II.
Pork May, 1915; July, 1870.
Lard-May, 9.15: July, 9.271k.
{ Ribs-May, s.92h; July, 900.
Rye-Cash, 80.
Barley-7S@s5.
FLAX Nothing doing.
Timothy Nothing doing.
Clover-Nothing doing.
ButterAweak; creameries. 1902;
diaries, 17@20h.
Eggs-Easy; Is.
Poultry Firm; turkeys, IL; chickens
1914.
Peoria Grain.
Peoria, May II.
corn-No. 8. 50.
st. Louis Grain.
st. Louis. May II.
Wheat-July, 965s.
4 Corn-July, SO.
Oats-July, 42%.
Kansas City Grain.
Y Kansas City, May II.
Wheat-MaM 911a: July, 915s.
Corn-May, SOS; July, 40
Oats-No 2 white As.