Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-11-01
FINANCE AND TRADE IN
MARKETS OF THE WORLD
THE GRAIN MARKETS.

CHICAGO. October 31.-Grain markets
on the board of trade were weak today,
owing to realizing sales, wheat closing
at losses of Y to lsaa. Provisions also
closed weak.
There was a decided change of senti-
ment in the wheat pit at the opening to-
day from that manifested at the pre-
vious close. The market closed yesterday
in furry of buying. based on sensa-
ti0nal reports of damage to the Argentine
crop. but at the opening today many
of yesterdays buyers were In a stampede
to sell. owing to fresh advices from Ar
sentlna, which were less bullish than
previous reports. The failure of the
vance here yesterday also inspired free
selling.
Prices at the start were 1saA to "a lower
and before the end of the first hour fur
Their declines of about NC had been re-
corded. Following this early activity the
market became dull. and trading con-
tinued quiet the remainder of the SEES
sion. Prices also failed to rally from
the early weakness, and the market
closed at almost the bottom point, with
December at LOO and May at 1.O33s There
was only a moderate demand for cash
wheat, but premiums were q trifle higher.
According to a local export concern
there were few bids for wheat, and the
HSuTeS ITOm ABROAD were q long
way from any possible business. Weather
conditions in the southwest were favor
able for the fall s0Wn crop. and receipts
in the northwest were less than for the
same day last week. CIearances of wheat
and -four were equal to 5000 bushels.
Primary receipts were S97 900 bushels,
compared with 75l, 900 bushels the CORE
spending day year ago. Minneapolis,
Duluth and Chicago reported receipts of
5O4 cars. against 738 cars last week and
565 a year ago.
Trade in the corn market was dull and
sentiment in the pit was bearish all day.
The ideal weather for the drying OF the
new crop and for the movement was
one of the chief weakening influences.
Lack of support of the October delivery,
which expired today, caused a &c decline
in the cash market, which, in turn, de-
pressed options. Small receipts, however,
had a tendency to check excessive SELL
ing. The market closed weak. with prices
off Y to hass. with December at 6sA and
May at 62ss. Local receipts were 63
cars. with five of contract grade.
Oats were quiet. and prices fluctuated
within Vac range. Cash houses were
the principal sellers. The weakness of
wheat and corn was the chief factor. At
er. with December at 4sk and May at 50l4
to 5OAa50A. Local receipts were 131 cars.
Provisions were weak owing to scat
tered LIQUIDATION. The principal selling
was of November deliveries. Liberal re-
ceipts of live hogs at western packing
centers were the main reason for the
pratt taking. At the close prices were
15c lower to &c higher.
Estimated receipts for Monday: Wheat
SO cars: corn. 50 cars; oats, 122 cars:
hogs. $4,000 head.
DULUTH, Mimi, October 31-Wheat-
No. 1 hard. 1854; No. northern. LOAN
No. northern, 1.O2&; December. 1.O1A
May. LOSS: October, 1.03A November
103sl.
MILWAUKEE,, Wis, October 81
Wheat-No. 1 northern, LOS; No. 2
northern. 1.03lka1.O4; December, 1.O(
asked.
Rye-No. 1, rs.
Corn-December, 63A bid.
Barley-l,andard, 64a64k; samples, 54a
GAY: No. 3, 56a5S; No. 4, 81.
MINNEAPOLIS. Mimi. October 81
Close: Wheat-December. 1.O1s; May
LOG: cash No. 1 hard. 1.O5ss .O5h; No.
1 northern. 1.043sa1.O4ss; No. northern.
1.023sa1 O2ss: No. northern, 9Sa1.01.
Bran-17. 50a18OO.
Flour-First patents, 5.25a5.50: second
patents. 5.OOao.25; first clears, 390a4.2O
second clears, 2.9Oa3.20
ST. LOUIS October 31.-Wheat-No. 2
red cash. 1.O1ha1. ON; No. hard, 99a
1.02: December 995s; May, 1O3h.
Corn-No. 2. cash. 66; No. white, so;
May. 61laa61A.
Oats-No 2. cash. ATM; No. white,
49k: December, 46; May, 49k.