Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-02-02
FINANCE AND TRADE IN
MARKETS OF THE WORLD


CHICAGO, February 1.-The local wheat
market was nervous today. prices fluctu-
ating over a range Of nearly cents. The
close, however, was steady. owing to ac-
tive demand by shorts. final quotations
on the May delivery being up 1sak. Corn
was u higher, oats were unchanged, and
provisions were % higher to 12ha15
lower.
The wheat market opened firm on COW
ering by shorts. demand being based on a
steady market at Liverpool and on much
smaller receipts in the northwest. Senti-
ment continued quite bullish for time,
but toward the end of the first hour
prices broke sharply on renewed profit
taking by several Of the large holders.
The May option showed the greatest loss.
the price dropping ~ below the high
point of the day. Shorts again bought
freely on the break, which soon caused
the recovery. Throughout the remainder
of the session the market was very nerv-
Gus, but buyers seemed to predominant
and prices were inclined to advance.
Late news told Of an improved demand
for wheat and -four by exporters. and this
close was steady. May opened ssas. high
er. at 96ha96l2; sold off to 94sz, and
closed at 957sa96. Clearances of wheat
and -four were equal to 100000 bushels.
Primary receipts we're 402.OOO bushels.
compared with 1000 bushels the CORE
spending day year ago. Minneapolis.
Duluth and Chicago reported receipts of
1914 cars. against 339 cars last week and
PAT cars year ago.
Corn was inclined to follow the course
of wheat prices. The market was quite
firm at the start, in sympathy with wheat
and on smaller local receipts than had
been estimated. Prices slumped following
the break in wheat. but rallied again
owing to fair demand from shorts. The
close was steady. May opened 14aN
higher. at 59a59b sold up to 592s and then
declined to 5SA. The close was at 5SAa
90. Local receipts were 1873 cars, with
none of contract grade.
There was a moderate trade in oats,
and the market was nervous. being in
fuenced almost entirely by wheat and
corn. May opened unchanged at SIN,
sold up to 51A. and then declined to 5O7s
The close was at 51A Local receipts
were 1872 cars.
Provisions were quiet, owing to the fact
that traders generally were disposed to
await the monthly statement of stocks in
store. The market was steady the greater
part Of the day. At the close May pork
was off 12ha15c. at 12.O71ka12 10. Lard
was a.sc higher. at 1871. Ribs were un-
changed. at 6.55
Estimated receipts for Monday: Wheat,
10 cars: corn. 395 cars; oats, 1913 cars;
hogs, $4,000 head.
MILWAUKEE, February Wheat
No. 1 northern. 1.OSa1 90: No. . northern,
1.C5a1O73a May. 95N asked. Rye-No. 1.
S7aS7h. Barley-No. 2 1.01; sample, 65a
100. Corn-No. 3, cash. 54a56; May. 5SA
bid
MINNEAPOLIS, February Close:
Wheat-May. 1.OiA: July. 1.O45s al .O4a4 NO.
1 hard, LOGS: No. 1 northern. 1.O6ss: No. .
northern. 1.O4ss: No. 3snorthern s9xsal O2ss
Flour-First patents, 5.25a5.4U; second
patents, 5.15a5.3O: first clears, 4.2Oa43O:
second clears, 3.4Oa3.J0. Bran-In bulk,
1000.
DULUTH, Mimi. + ebruary 1.-Wheat-
No. hard, 1.O7A: No. l northern, 1.O5A;
No. northern. 1.O2x: May. 1.04N; July
1.05A.
ST. LOUIS. February 1.-Wheat-No. 2
red. cash. 9S1aa99: No. hard. 95a99: May.
96A July, 80. Corn-No. 2. cash. 54A; No.
white, %; May, 5ea; July. 561a. Oats
No. 2 cash. 4S1a: No. 2 white. so; May,