Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-04-12
THE GRAIN MARKETS.


CHICAGO, April 11.-Unrelieved drouth
in Nebraska and western Kansas caused
a further advance in wheat prices on the
local exchange today, the May delivery
closing at net gain of 7sa1c. Corn was
L1saMc higher. Oats we're up lsc. Pro-
visions were 2la to TIC higher.
The wheat market was strong all day.
the May delivery showing the greatest
strength owing to the apparently con-
gested condition of that option. The
principal bullish influence was the dry
weather in the southwest, the drouth-
stricken parts of the states of Kansas
and Nebraska being reported without
rain The smallness of the primary move
ment, however was also an important
factor. Total receipts today at all
primary points were only 242 900 bushels
compared with $4,000 bushels the cor
responding day year ago. Bull leaders
and shorts were active bidders for wheat
the greater part of the day.
This demand forced prices rs to 2Ac
above the lowest point. A reaction Of
about l cent occurred during the final
half hour because of liberal realizing
sales, but the market closed firm. May
opened Aa3sc to 1a1hc higher. at 911z to
92A. advanced to 1914 and closed at 02h
Clearances of wheat and flour were equal
to 10000 bushels Minneapolis, Duluth
against go cars last week and 474 cars
year ago.
Small receipts and the sharp advance
in wheat brought out brisk demand for
corn. which resulted in material gains IN
the price of all deliveries. The buying
shorts commission
houses eager bidders. Offerings were
hight all day and came chiefly from
holders. The close was strong. May
opened 1saA to Y higher. at 671sa67ss to
677sass Local receipts were 10 cars.
with twenty-three Of contract grade.
Oats displayed considerable firmness
Commission houses again bought the Sep
TENDER delivery quite freely because Of
further complaints of poor termination Of
the newly-sown crop. and shorts were
forced to ."cover" by the Strength Of
wheat and corn. May opened unchanged
at 631s. advanced to 53h and closed at
5Sts. Local receipts were 169 cars.
strength Of grain and because of a Sc ad-
vance In live hogs. TRACE was OF small
proportions at the close. May pork was
up TIC at 3.4211a: lard was 211c higher, at
s.37a. Ribs were 2ha5c higher, at 7.20a
Estimated receipts for Monday: Wheat.
II cars: corn. IS cars: oats, IA cars; hogs,
$4,000 head.
CINCINNATI. April u.-Hogs. active;
butchers and shippers. $50; common. ass
a5.75.
Cattle. quiet: fair to good shippers, 6.75a
6.65; common, 275a4.OO.
Sheep. steady. 3.50a5.25: lambs. steady.
6.5OaS.O0
MINNEAPOLIS, Mimi, April H.
Wheat May. e9N; July. esAa9sB: No.
hard. 1.oSh; No. l northern. 1O11; No. 2
northern, 99h: No. northern, 891sa981z.
Flour: First patents. 5.15a5.30: second
patents. 5O5a5.2O: first clears. 4.06a415;
second clears, 3.1Oa3.2O.
Bran: In bulk, 21.OOa21.25.
ST LOUIS. Mo-. April 11.-wheat: No.
2 red, cash. 80; No. 2, hard, 041xa9911s;
May. 97h: July. S211a6oM.
Corn: No. 2. cash, 65h: No. 2, white, &C.;
May, GAN: July, 62X.
Oats: No. e. cash. 50; No. 2. white. So;
May. 50A.
DULUTH, Mimi, April n.-Wheat: No.
l. hard. LOIS; No. 1. northern. 99%: No. 2
northern, 95as; May. 97ss; July. 9sA
MILWAUKEE,. Wis. April 11.-wheat:
No. 1 northern. 1.O5a1. O6: No. 2 northern,
1.O2a1.O 41a; May. 921s asked
Rye: No. l. SOad
Barley: No. 9 IS: sample 64aS4