Evening star., 1908-01-26
FINANCE AND TRADE IN
MARKETS OF THE WORLD
THE GRAIN MARKETS.

CHICAGO, January 25.-The wheat mar
ket broke badly today becaSe of liquida
tion by longs and predictions Of much
larger worlds shipments. May wheat
closed 21sc lower. Corn was off 24a7s to
sale. oats were down &c. Provisions
were &c 10 &C lower.
The wheat market opened weak. despite
the fact that Liverpool reported higher
prices. The bearish sentiment increased
as he day advanced and the market was
weak from start to finish. The chief he
pressing factor was the prediction that Hor
the coming week the shipments would be
2,C@0.0o bushels more than for the cor
responding week of last year The run
n.ng up of the Australian shipments for
the week to more than 100000 bushels
from J12.uo0 in the preceding week was
also a strong bear argument.
Late in the day there was heavy selling
for profit. but it had apparently little eff
fcct Oh the market. the rush of selling orr
derS carrying everything before it. Tie
market closed weak and near the low
point Of the day. May opened unchanged
a l"2i4. sold between 100 and 1.0ol4, and
c.osed at 1,o01S. Clearances of wheat and
flour wer, equal to 10000 bushels. Prm-
airy receipts were co.. 600 bushels against
.}:N,'nJ bushels on the same day last year
minneapolis, Duluth and Chicago reported
receipts Of 31J cars adainSt $50 cars last
week and 2fl cars one year ago
The corn market was relatively strong
er than wheat. but the market sold off in
sympathy with wheat and was generally
weak throughout the day. The shipping
demand was dull. but on the other hand
receivers are not getting much corn In
this section o. the country, and 1t is gen.
erally believed that much Of i: IS being
sent Soatl 10 DE dried and ST pped from
tie gulf ports. The continued cold wealth
n ken i'm
factor.
May opened Is TO &c lower to a shade
higher al 61i4 TO 6lla. sold between 6O15
and 6l12, and closed at 6olaa6o9s. Local
receipts We're -6s cars with one of con-
tract grade.
The oats market was dull all day and
prices stumped off chiefly because of the
decline in wheat and corn. The cash de-
nand was poor. May opened Ac lower
at 54il. sold between 54I and .135s, and
closed Al "3&4- Local receipts were 1o6
cars
The provisions market was firm at the
opening. because of decreased receipts of
live hogs at western packing centers. The
advance, however, considered a
favorable opportunity by packers and longs
TO dispose Of holdings and the resultant
selling carried prices below the level of
yesterday. At the close May pork was
lower. at 1922. Ribs were 7laa1Oc lower,
at 6.90a69 92ia
Estimated receipts for Monday: Wheat,
10 cars: corn, .17 cars; oats, 237 cars;
hogs, j., coo head.
MILWAUKEE, Wis, January %
Wheat-No- 1 northern. 1.O9aT10; No >
northern. 1.0Sl2a1.o9 May, 1O0ls. Rye
No. J. 81; sample, soa97. Corn-May, COS
DULUTH. Mimi, January 25-Wheat-
No. / hard 1.1Gl9; No ]. northern, 1.0s12;
No. ., northern, 1.o5l2; May. 1.oS4; Ju.y.
1.09l4.
ST LOUIS. January 25-Nheat-No .
red. cash, 1ol No. hard, 3sa1 .0212; May.
100: July. 94$4'
Corn-No, !. cash, 5Ja5514; No. white,
81: May. ;1s5sa5.a4
Oats-No. > cash. 431a: No. . white, 81;
May, J0Ssa5os4; July. 46.
CINCINNATI, January o5.-Hogs slow
and easy: butchers and shippers, Asa
J0:s common, 3.55a4.10
Cattle strong: fair to good shippers, 4. 81
a5-70; common. 2.23a30o. Sheep steady,
9.Joa5.60 Lambs steady. 4.7oa7.25.
MINNEAPOLIS. Mimi. January %
Wheat-May Loss: July. 1.Osasa1. .OS12;
No hard, 1.12; No. l northern, LOO: No
= northern. LOGS. al OF; No. = northern
.O2a1 OF
Fiour-First patents. 5.45a5.60: second
patents, 5.jJa5.Jo; first clears, 43Oa4 40;
second clears. 3,IGa360.
Bran III bulk, 2oooa2o.25.