Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-07-19

CHICAGO, July 1S.-Failure Of long in
terests to give support in the face Of bull
ish conditions caused dull wheat mar
ket here today. The close showed prices
practically unchanged September corn
was NC lower. Oats were of u, and pro-
visions showed losses of 2Oc to 45c.
Speculative temper in wheat at the start
today favored higher prices. but trade
was not large. Higher cables, a good
export demand and foreign statistics of a
eullish nature brought out some good buy
Ing orders from outside sources and
shorts covered their lines to some extent
Prospects for worlds shipments were for
about half the weekly estimated require
ments. and reports from Baltimore were
u the effect that exporters were taking
practically all the grain at that point
and that stocks would show a material
decrease for the week.
The effect was substantial advances in
all deliveries. A disposition on the part
OF the longs who have recently sold out
10 defer reinstating their lines developed
and the market. thereafter became dull
ana featurelesS and practically all of the
early gain was lost The close was steady
September opened 4 to 12c higher at 91h
10 9lss, sold firm at 913sa91h but reacted
later to CO.'S The close was a shade over
the previous final figure at 9O7sa91. Pri-
mary receipts were 3J4 900 compared with
oi6OOO bushels the corresponding day a
year ago Clearances of wheat and flour
We're equal to 100000 bushels. Minneapo-
lis. Duluth and Chicago reported receipts
or oo4 cars against 1913 cars last week and
~ cars a year ago.
The early corn market was strong in
sympathy with the early sentiment in
wheat. but excellent weather for the
crop weakened the more distant futures
and some influential liquidation of Sep,
TEMPER caused a retrograde movement in
that delivery. The selling pressure came
chiefly from commission houses. Coun-
Try offerings were light, however, and
this fact and marked reduction in
stocks here served to prevent a large
recession in prices. The later market
became dull, and the close was at the
bottom. September opened Is to Is
higher at 1875 to 1913; sold between
cal receipts were 1913 cars, with 25 of
contract grade.
Oats were easy for the new crop
months, while the July delivery held
firm on very moderate amount Of trad
ing. Weather favorable for the develop
ment of the growing grain was respon-
s1ble for the sentiment in the deferred
futures. but weekend covering by shorts
was of sufficient. volume to take most
of the surplus offerings. September
opened Is to 4 higher at 43A to 43A
ranged between 43& and 437s, and
closed Is lower at 43. Local receipts
were 95 cars.
Provisions weakened under selling of
a general character. There was con-
siderable liquidation by scalpers and
outside holders because of lower prices
at the yards and an increased movement
Of hogs. At the close September pork
was off SO at 1880 to 1921. Lard was
down 20 at 9.37A and ribs 22A lower
at S.S21a.
Estimated receipts for Monday
Wheat, 15s cars; corn. IA cars; oats,
100 cars; hogs, 1000 head.
ST. LOUIS, July 1S-Wheat-No. 2 red.
cash. 91a93: No. hard, 93a1O6; Septem-
Der. s91saS9ss; December. 92ssa921k.
Corn-No. 2 cash, 70: No. 2 white, 82l2a
80: September, 1874; December, 5S1s.
Oats-No. 2 cash, 81; No. white, 56l15;
September, 1875; December, 42is.
MILWAUKEE,. July 1s-Wheat-No. 1
northern. 11Sa120; No. 2 northern, liza
10; September. 81 bid.
Rye-No. /, 74Aa75.
Barley-No. 2, 70: sample. 6Oa7o.
Corn-No. 3 cash, 75a75A; September,
1913 bid.
DULUTH. Mimi, July 1s-Wheat-No
1 hard, 11S: No. 1 northern, III: No. 2
MINNEAPOLIS. July 18.-Close: Wheat
July. 11SA; September. 95a; Ne l hard,
121: No. 1 northern, 119; No. northern,
11S: No. 3 northern, liz.
Flour-First patents, 5.7Oa5.S5: second
patents. 5.60a575; first clears, 4.35a4.45;
second clears, 3.5Oa3.60.
Bran-In bulk. 19.5Oa20.0O.