Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-10-04

CdlCAIO, OCTOBER S.-Wheat prices on
the local exchange declined more than 1
cent today as a result of weak foreign
markets and continued liberal movement
of new wheat in the northwest. At the
close net losses for the day were sa1 to
NC. Corn. oats and provisions were also
weak.
Extreme weakness prevailed in the
wheat pit almost all day. the market be-
Ing without any mateDal support the en-
tire session. Every commission house
seemed to have selling orders to execute
when trading began. and during the en-
TIRE Day selling continued general A de-
cine OF Id In the price Of wheat at Liver
pool and heavy receipts at Minneapolis
and Duluth were largely responsible for
the selling pressure early in the day, and
later the absence of any export demand
here or at northwestern grain centers was
an additional selling incentive.
AT the seaboard no export business il
was said. was in sight early in the day.
but shortly before the close of the local
exchange 1t was reported that twelve
boat loads. mostly durum and Manitoba
wheat, had been taken for export. In
creased offerings Of Australian and
Argentine wheat at Liverpool were said
to have taken the edge of the export
business In this country. Receipts of
wheat today at Minneapolis and Duluth
were 1885 cars. against 523 year ago,
and the total receipts for the week at the
two points were S.197 cars. compared with
ago.
The market closed weak at almost the
lowest point. Clearances of wheat and
hour were equal to $4,000 bushels.
Primary receipts were 2.O47.OO0 bushels,
compared with $4,000 bushels the cor
responding day year ago. Minneapolis.
Duluth and Chicago reported receipts of
1.444 cars. against 1884 cars last week
and $40 cars a year ago.
Clear weather throughout the corn belt
and the slump In wheat induced free SELL
Ing OF corn. which resulted in declines of
more than lie in the nearby deliveries and
of about &c in the May and July options.
offerings of new corn here for delivery in
November and December were much more
liberal. and this helped to increase the
weakness. Selling was for both long and
short account. Prices at the sample tables
were down 1c to 1c and considerable corn
unsettled weather in parts of the corn
belt induced some purchasing by local
traders. The market closed weak at the
lowest point. Local receipts were III
cars. with 81 of contract grade.
Oats followed wheat and corn In their
downward course. but the declines were
less severe. final quotations showing losses
of " to &c. Cash houses were the prif-
cipal sellers early in the day and local
longs sold later in the session. At the
Local receipts were 1913 cars.
The slump in the grain markets had
depressing effect on provisions. sentiment
In the pit being bearish nearly all day
May pork. for which there was brisk in
vestment demand. was an exception to the
rule during the greater part of the ses-
sion. The market closed easy with prices
shade to 5a71ac lower.
Estimated receipts for Monday: Wheat
81 cars: corn. 30 cars: oats. 172 cars:
hogs, $4,000 head
CINCINNATI. Ohio. October 3.-Hogs
active and strong, 5a1Oc higher; butchers
and shippers, 6.4Oa695; common, 4.25a
Cattle steady to strong: fair to good
shippers. 4.5Oa5.25: common, 2.OOa25O
Sheep-Strong, 1.O0a3.6O. Lambs steady,
3.5Oa5. 50.
ST. LOUIS. October 3.-Wheat, No. 2
red. cash. LOCAL .O41a: No. hard, GA
1.02h; December. 9sts: May. 1.O1N.
Corn-No. cash, 741sa76; No. white
76a7!: December. 61ssa61A; May. 62A
December 47s4; May. 5O1sa5O5s.
MINNEAPOLIS. october s.-close:
Wheat-December. 1.OoMa1.OON: May.
northern. 1.o21sa1 02N; No 2 northern.
1.OO&a1. OOss: No. 3 northern, 96a99.
Flour-First patents. 5.65a5.8O: second
patents, 5.5Oa5.65: first clears, 445a4. So;
second clears. 3.5Oa3.6O.
Bran in bulk. 1S.O0a1S.75.
MILWAUKEE,, Wis. October 3.-Wheat
No. 1 northern, Local OF: No. 2 northern,
1. O214a1.O4h December, 9SA bid.
Rye-No. 1. 76a781k.
Barley-Sample, 551a64h.
Corn-December 64k bid
DULUTH. Mimi. October 3.-Wheat-
No. hard. 1.O2A: No. 1 northern, 1.O1ss ;
No. northern. 391s; December. 1.OOls );
May. 1.Oi1a; October, 1.OOA; November,
1.O1.