Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-03-29
THE GRAIN MARKETS.

cuIcAGO. March 23.-Weak-end profit
taking. due to the favorable OUTLOOK TOT
the fall-sown crop In the southwest,
caused weakness in the local wheat mar
ket today. the May delivery closing at
net loss Of AaN. Corn was down 1halAc.
Oats were nc lower and provisions un-
changed to 121ac higher.
The wheat market was weak all day
with the exception of short period at
the opening Buying by commission
houses. based on small receipts In the
northwest and on a comparatively nIrn
market for wheat at Liverpool. caused the
market to open firm. but within ten MIN
utes prices had declined more than nc
from the high point on selling by local
and outside longs. Sentiment continued
bearish throughout the remainder of the
session. although prices rallied trihe
lust before the close on covering by
shorts.
The principal depressing influence was
the crop situation IN the southwest. The
official weather map indicated rain or
snow over the entire winter wheat belt.
with the exception Of Kansas and parts
of Nebraska and reports from crop ex-
perts now In Oklahoma and Kansas claim
ed that the growing crop. while In need OF
rain was still in excellent condition. The
market closed weak. May opened UNI
changed to hc higher. at 941s to A7s. sold
close was at 937sa94. Clearances Of wheat
and flour were equal to $500 bushels. Pri-
mary receipts were $4,000 bushels. COM
pared with 100000 bushels the CORE
spending day year ago. minneapolis.
Duluth and Chicago reported receipts of
214 cars, against 4O6 cars last week ana
S13 cars year ago.
Liberal realizing sales by a leading hold
er caused weakness in the corn market.
The greatest pressure was on the May
hat q
Of 111c from the high point of the day: A
decline in the price of cash corn and like
lihood that receipts here will be much
more liberal during the coming week were
the chief weakening factors The close los
was weak. May opened unchanged at 661a,
sold at 66Iaa66As. and then declined to 6i1s
a65 The close was at 6SAa6J7s Loca!
receipts were 321 cars, with a of contract
grade.
oats were weak in sympathy with
wheat and corn. the market being sub
jected to considerable realizing by leading
longs. a decline of " to 1c In the price OF
the cash grain had depressing erect on
options. May opened unchanged at 54lA
and sold off to 53h. The close was at 539s.
Local receipts were 1853 cars.
There was big general trade in pro-
visions apd the market was strong all
day. Smaller receipts of live hogs at all
western packing centers and a Is to 20c
advance in the price OF swine here were
the bullish factors. The close was firm
with May pork up 12hc at 13.17h. Lard
was unchanged at S.22h. Ribs were SC
| higher at 10.
Estimated receipts for Monday: Wheat
2s cars: corn, 1888 cars; oats, 1S9 cars;
| hogs. i3, 600 head.
| MINNEAPOLIS. Mimi. March 2s.-
Close: Wheat-May. 1.04%; July. 1.021ss
| I,02A; No. I hard, los; No. northern
| los: No. northern. 1.04; No northern
/ 97a1 OF.
Flour-First patents, 535a5.55; second
! patents, 5.25a5 40: first clears, 4.25a4.35
| second clears 3.30a3.40.
Bran-In bulk, 81 .56a2l.75.
> DULUTH, Mimi, March 28.-Wheat-
| No. hard. 1.O61s: No. I northern, 1.O4b
| May, 1.O2h; July 1.O3ss.
MILWAUKEE,, Wis, March 2S.-Whea'
No l northern. 1.O9a1 .1Os; No. 2 north
ern,. 1.O7al OS1a, May, ~ bid.
| Rye-No. l, 20.
Barley-No. 1. 30; sample. 6sass.
Corn-No. 3 cash, 62a63; May, 60a
asked. rs 60.