Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-12-20
GRAIN AND PROVISIONS.

CHICAGO, December 19.-FaVOrable
conditions for harvesting in Argentina
and a further break in the price of corn
here had a depressing effect on the wheat
market today. prices at the close being
lsc to hsc below yesterdays final quota
lions. Corn and oats closed weak and
provisions firm.
The wheat market opened weak. with
prices Aass to lac lower compared with
the previous close. Before the end Of the
first hour prices had declined i4aasc below
the best marks at the opening. Through
out the remainder of the day sentiment
continued bearish and prices held around
the lowest point. The market closed at
almost the bottom. May at 1.OoAa1.0o$s
and July at 97Aa97as. Reports from Ar
gentina stated that the weather there was
dry and hot, ideal conditions for harvest
operations, which are In full swing IN
that country. These advices caused
weakness in the wheat market at Liver
pool. which was later reflected In the
local market.
also induced considerable selling of wheat
There was no demand for cash wheat
here and no new export business was re-
ported. Total export clearances Tor the
day were light, being equal to III, oou
bushels Primary receipts were 6l2,OOu
bushels, compared with 5S4,OO bushels
the corresponding day year ago. Min
neapols Duluth and Chicago reported re-
ceipts of 40 cars, against 36f cars last
week and 391 cars year ago.
The corn market was again subjected
to heavy selling pressure by leading ele-
vator interests. which resulted in still
further declines in prices, the low point
for May being reached at o9a4. which
also was the bottom price for the July de-
livery. Dizziness of export business and
iS n
cipal bearish influences. Receipts here
today were more than 200 cars in excess
of which had been estimated, being ga
cars, with of contract grade. Trade
was unusually active the greater part OF
the day. The market closed weak, with
prices shade to Il lower than the previ-
Gus close. with May at co.'s and July al
co.'s.
oats were weak nearly all day. but be-
came somewhat flrmer later i'll the Sos
sion. owing to covering by shorts. The
slump in corn was the chief bearisf
factor Elevator interests and cash houses
were liberal sellers the first part of the
day. The close was easy with prices un-
previous close. Final quotations on May
were at 5O$4 a5O5s. and on July at 45et
Local receipts were 313 cars.
Provisions were quiet but firm. Buy
ing by local packer impaired moderate
strength. Prices at the close were 5a10e
higher.
Estimated receipts for Monday: Wheat
II cars: corn, 1856 cars; oats, $50 cars
hogs, 81 coo head.
The board of trade will be closed De-
cember p and &c. The butter and egg
board will be closed December "5.
ST. LOUIS. December 19.-Wheat-No
: red: cash: Local OH: No; 2 hard
LOCAL O5b; May. 1854: July. 053t
Corn-No. .. cash. 3e,:: May. os7sa5o
July. 59L4 No. = white. IS.
Oats-No. 2. cash. 4Sha49: May, 1875
July. ASS; No. white, JOla.
MINNEAPOLIS. December 19.-Close:
Wheat-December. 1.O5A; May. LOSS
No. l hard, 1.Osb; No. 1 northern, LOTS
No. northern, LOS a1O6ls; No. spring.
1.O1 "a a1.041s.
Flour-First patents. 530a5.65: second
patents, 5.1Oa5.20; first clears. 4OOa4. 10;
second clears. 2,a5a3O5.
Bran in bulk, 1900.
MILWAUKEE, Wis. December 49,
Wheat-No. 1 northern. 1.O9a1.O91a: No.
northern. 1.O1a1O71a; May, 1.G5as asked.
Rye-No. l. IS.
Barley-standard. 651s: samples. 5sa65;
No. 3, 5sa6O; No. 4, Sass.
Corn-May, co.'s asked.