Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-07-12
THE GRAIN MARKETS,


allure in the northwest caused a strong
tone in the local wheat market at the
! close today, final quotations on the Sep
| TENDER delivery being up 1-2as-So Corn
was up 7-Sa1c. Oats were 1 1-S higher
| and provisions a shade to - IL higher
Trade In the wheat pit was active and
the market was nervous the great part of
the day Sentiment throughout the ses-
sion was bullish The chief factor in the
situation was the continuation of dry,
hot weather in the northwest. particular
ly I'm North Dakota. Higher prices at
Liverpool however. had considera BILE in
fuence. The possibility that rains might
dispel before Monday the torrid wave in
the spring wheat country brought out
liberal evening up sales by local hold
ers, and this tended to keep the market
/ in an unsettled condition.
There was a bulge of approximately
1c at the opening due to the general
buying based on the hot weather and
firm cables. but prices soon eased off on
profit-takng. Covering by shorts late in
the day caused firm close. September
opered 12a5-S to I-Sa1c higher at 90 to
30 3-s. sold off to 50 5-sas9 81. and then
advanced to 30 5-S. The close was at
30. Clearances of wheat and flour were
equal to 5000 bushels. Primary re-
ceipts were 44S.O00 bushels compared with
$4,000 bushels the corresponding day a
year ago.
Minneapolis, Duluth and Chicago re-
ported receipts of 1913 cars against hol-
iday last week and 2S3 cars a year ago.
The corn market was strong all day
on an active demand by commission
realizing at times, but offerings were
readily absorbed. Firm cables, small
receipts and an active demand for
cash grain were the principal strength
ening factors. The market closed strong.
September opened 1-4a3-S to 1a1 1-6c
higher at "A is to "A rs, sold between
"A and % and closed at "a "a Local
receipts were 139 cars with 10 of con-
tract grade.
Oats were firm all day because of the
strength of corn and of the continued
hot weather in the northwest. Demand
was active and general and selling was
mainly by local holders. September
opened IA to "a higher at ~ to Al IL.
advanced to AZ IA and closed at Al 7-S.
Local receipts were 113 cars.
Extremely small receipts of live hogs
| at western packing centers brought out
an active demand for provisions. which
resulted in strong market all day. The
strength of the coarse grain helped to
augment bullish sentiment. At the close
September pork was up 211ac. at Ii. 40.
Lard was shade higher, at 800. Ribs
were &c higher. at 9.O71sa9.1 10. Estimated
receipts for Monday: Wheat, ID cars;
corn. IT, cars; oats, lVo cars, noSS, 4fuoO
head
CINCINNATI, Ohio, July 11.-Hogs &C
tive 1Oa15c higher; butchers and ship
pers 695: common, 5.25a6.25 Cattle
steady; fair to good shipping, J90a6.60;
common, 2..Oa32o.
Sheep steady 1.50a3.s3; lambs strong;
! 4.25a63O.
+ ST. LOUIS. July 1l.-Wheat-No. red
| cash, S91Aa9212; No. = hard. i00a10512
! September, S8B; December. 90$4.
| Corn-No. = cash, 7S12a19A: No. > white,
81: September. 10; December. Goa a603s
! Oats-No. 2 cash, 5712: September. 41$s.
| MINNEAPOLIS. July 11.-Close: Wheat
July. 1924: September 95'4; No. hard,
| 1lJ; No. / northern. lib; No = northern,
! III; No. } northern, 1O31aa10Sk.
/ Flour-First patents, 5.5ja;.70: second
patents, 545a5.6O; first clears, 4.;;1a 4.45;
second clears 3.5Ga3.6O
/ Bran in bulk, 1SJOa19.0O.
| MILWAUKEE,, Wis, July 11.-Wheat--
No l northern, 116a117; No. = northern,
! 114al15: September, W asked. Rye-No.
| ]. I31aa74.. Barley-No. >, rs; sample, 5Sa
! IL Corn-No. 3 cash, 72a74; SeptemL er,
| 14aa bid.
! DULUTH. Mimi. July l1.-Wheat-No.
| l hard. 11J: No. l northern, III; No. =
northern. 11O1; September, 951a.