Evening star., 1908-01-12
THE GRAIN MARKETS.

CHICAGO, January Interpretation of
increased worlds shipments was chiefly
responsible for bearish wheat market to-
Gay. The May option at the close was of IS;
corn closed 5sc. lower: oats were down
sc. Provisions showed losses Of 2h to
71zc.
Opening dull, the wheat market showed
a tendency to sag in the absence of specu-
lative interest. The selling movement
that resulted in lower figures was due to
an estimate by foreign crop journal that
! the worlds shipments for the week would
show a large increase. A decline at Liver
pool of 1a to ald was reflected In the
opening prices here, May being off at the
start Il to 15c at 1854 to LOG. mo-
mentaTy show of Improvement based on
report Of probable shortage Of the Rus
sian crop carried prices slightly higher.
but the advance was soon lost. May sold
up to 10GA, but upon resumption OF
liquidation broke to 1O51aa1Ooss. closing
at 1O5k-a net loss of sc.
Primary receipts were SCI 900 bushels
compared with 200 bushels for the
corresponding day a year ago. Clearances
OF wheat and flour were equal to 62l.OoO
bushels. Minneapolis, Duluth and Chicago
reported receipts of 800 cars. against 2J7
cars last week and 324 cars a year ago
Corn opened steady on smaller country
offerings, but broke sharply under the In
fluence of liberal local receipts. Selling
pressure was not great at the lower level
however. country advices of weather un-
favorable to the marketing of the crop
acting in a measure as a check to the
bearishness May opened haAc lower, at
60A to CO.'S. sold at COZ, but closed weak
&c above the bottom, at CO. Local re-
cepts were AZ cars, with none of con-
tract grade.
IN, oil d,r1t md
was confined almost entirely to operations
by pit traders. There was more or less
selling pressure In sympathy with the
sentiment in other grain, and the tone was
heavy. May opened a shade higher at
54A. and sold between that figure and
53s4 a5S7s. where 1t closed. Local receipts
were 135 cars.
Provisions were fairly steady, a smaller
run Of hogs than anticipated offsetting
free offerings by packing interests. The
close showed net loss for May pork Of
71xc, at 13.371s. Lard was down 21ac, at
500. Ribs closed 21sc lower. at 7.221z.
Estimated receipts for Monday: Wheat,
30 cars; corn. 677 cars; oats, 251 cars:
hogs, 5000 head.
ST LOUIS Mo-. January 11.-Wheat:
No. .. red. cash. 102Aa1O4; No. 2, hard
102a105; May. 1919; July. s1.
561sa57; May 57Aa57as; July, 7ss.
Oats No. ., cash, so; No. 2. white, 81;
May, 80.
CINCINNATI. Ohio. January 11.-Hogs,
15c and 25c lower; butchers and shippers,
435a4.4O; common, 33Oa4.25.
Cattle: Steady; fair to good shippers,
465a51 Is; common. 2.25a3.OO
Sheep: Steady, 2.50a5.O0; lambs, steady,
5.J0a7.2J.
MINNEAPOLIS. Mimi, January IL
Wheat. May. 112A: July 112A: No. !.
hard. 1141a: No. /, northern, 11211; No. z,
northern. 11O1a; No. 3, northern, 1o6ha
1851.
Flour: Firm: first patents. 5.7Oa5.SO;
second patents. 5.6Oa5.10; first clears, 4.3U
al 40: second clears. 3.50a3.6O.
Bran: In bulk, 1880
DULUTH, Mimi, January 11.-Wheat:
No. !. hard. 111A: No. /. northern, 1UyA:
No. 3 northern, 1O7h; May, 112H; July,
113A.
MILWAUKEE, Wis, January IL
Wheat. No. l. northern, 1874; No. 2,
northern. Ill: May, 1855 asked.
Rye: No. 1, S5.
Barley: No. 2, So.
Corn: No. ), 561ka5S; May. 90 bid.