Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-10-18
THE GRAIN MARKETS.

CHICAGO, October 17.-Wheat prices
on the local exchange declined more than
lc today owing to heavy WEEKEND liqui-
dation. based chiefly on an official fore
cast of rain tomorrow throughout the
winter wheat belt. At the close the
net losses were q to lis to N. compared
with the previous close. Corn and oats
were easy and provisions We're weak.
The wheat market was weak all day.
with the exception of a brief pc. iod at
the opening. when prices showed slight
gains over the previous close. owing to An
advance of nearly Id. at Liverpool. The
market was almost exclusively "Weath-
er map affair. and the principal factor
was the weather bureau prediction of
general rains tomorrow in a large portion
Of the country east of the Rocky noun
tains. which promises a break in the long
existing drought.
Absence of any export demand con-
tributed in a small way to the heavy
selling pressure which prevailed through
out the entire session. \ number of re-
ports were received telling of some dam
age to early wheat in Argentina. but
other adViceS claimed the frostS had not
injured the new crop.
The market closed weak and only a
trifle above the low point of the day.
Final quotations on December were at
Mlsa9al4. and on May at 1.O2Aa1 .O2as
Clearances of wheat and flour were equal
to 5000 bushels. Primary receipts
were 1,352OOO bushels, compared with
1O39,O0O bushels the corresponding day IA
year ago. Minneapolis Duluth and
Chicago reported receipts of 773 cars
against 1.1O3 last week and 632 year
ago.
the effect of the slump in wheat and
prevented any great decline in corn
prices although sentiment was bearsh
all day. Shorts and cash interests were
fair buyers during the last half of the
day Cash corn was steady to 1ac lower.
The market closed easy. with prices Il
shade to 1taL lower. Final quotations on
December were at $685.. and on May at
63ss. Local receipts were 10 cars, with
81 of contract grade.
showed more steadiness than wheat or
corn, although slight declines were re-
corded. Selling by cash interests was d
feature Of trade. Cash oats We're steady
for ordinary and ,2c higher for best
grades. At the close prices were Is to
Il lower. December closed at ASS. and
May at 5Oisa5Oi4. Local receipts were 1876
cars
The weakness of grain and a decline of
5 to 1Oc in the price of live hogs caused
weakness in provisions. the market being
under moderate selling pressure all the
day. At the close prices were ) to 121aa1J
lower.
Estimated receipts for Monday-Wheat,
ID cars. corn, llO cars, odtS, IL cars,
hogs. $4,000 head.
ST. LOUIS. Mo-, October 11.-Wheat-
No. red. cash. 1.O11a1 .O312; No. hard
37a101: December. 99ls: May. 1.O2ss.
Corn-No. =. cash. 76. old: No. > white,
&c. old: December. GOaa; May, 61s4.
Oats-No. .. cash. 37a371a: No. white,
5OaJ2; December. 46l2; May, 1917
MINNEAPOLIS Mimi, October II
Close: Wheat-December, 1.0O1aa CO.'S !;
May. 1.WA; No. l hard. 1.U34; No.
northern. 1.O2L: No. . northern. 1.00H;
No. 3 northern, 93Ea931a.
Flour-First patents, 5.30ao.JO: second
patents. 51Oa5.3O: first clears. 3.30a4 20;
second clears. 29Oa3.2O.
Bran in bulk, 17.5Oa1S.25.
MILWAUKEE. Wis, October IL
Wheat-No. 1 northern. 1.O6a 061a; No. .
northern. 1.O4; December. 99sa99A bid.
Rye-No. /. IS.
Corn-December 635s bid.
Barley-Standard 65l2a66; samples. 5412
a66.
DULUTH. Mimi, October 17.-Wheat-
No. l hard. 1.033s; No. 1 northern, 1.O27s;
No. northern. 1OO7s: December. 1.OO7s
May. 1.047s; October, 1.U2A; November,
1.02h.