Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-10-25
THE GRAIN MARKETS.

CHICAGO, October 24.-Wet weather in
the winter wheat belt had a depressing
enect today on the local wheat market
but buying by shorts caused a steady
tone at the close, final prices showing
only slight changes from the previous
| close. Corn, oats and provisions were
firm.
The wheat market was an extremely
narrow affair, both in regard to the
amount of business transacted and in the
range OF prices. Throughout the entire
DAY the price OF all deliveries held with
In half-cent range. Although the mar
ket closed steady. sentiment during the
greater part of the session was bearish,
owing to the weather conditions which
prevailed In the west and southwest. The
weather bureau reported rain over the
entire winter wheat belt, and the predic-
tons were for continued wet weather In
many sections. News from Argentina
also was more optimistic, several dis
patches claiming that the damage to the
Prospects OF further liberal increase
IN the visible supply of wheat in the
United States and Canada for the week
furnished an additional motive to sellers
The principal bullish influence of the day
was continued excellent demand for
-four at Minneapolis, where 100000 bar
rels. 1t was claimed, were sold yester-
day. Cash wheat here was steady at
unchanged premiums. and no export bust
ness was reported. The seaboard also
reported no sales for export
Clearances Of wheat and -four were
equal to Al 600 bushels. Primary receipts
were 100000 bushels. compared with
81 600 bushels the corresponding day a
year ago. Minneapolis. Duluth and Chi
cago reported receipts of 738 cars against
773 cars last week and GIT cars a year
ago
Fears that the movement of new corn
to the market would be hindered by the
wet weather, present and prospective
caused many local traders to become
quite active buyers Of corn during the
first half Of the session, which resulted
IN moderate advances. Later inNthe day
however. several leading commission
houses sold the May delivery freely, and
this tended to weaken the market In
general. The market was Influenced by
the cash grain situation, new corn being
steady to &c lower at the sample tables
The market closed firm. with prices a
shade to saAc higher with December at
63h and May at 62x. Local receipts
were 79 cars. with % Of contract grade
Trade In oats was quiet and the market
was steady. The frmness Of corn was
the chief factor. Cash oats were steady
and eastern demand was said to be poor.
The market closed steady with prices
unchanged to 1sc higher. compared with
the previous close. Local receipts were
103 cars.
Provisions were rather weak early in
the session. because Of liberal receipts of
live hogs at western packing centers, to-
days arrivals being nearly double those
of the corresponding day last year. After
the first selling furore was over offer
ings dwindled to small proportions and a
firmer tone developed. At the close prices
were to 171ac higher.
Estimated receipts for Monday: Wheat,
60 cars: corn, 80 cars; oats, 1872 cars;
hogs. $4,000 head.
MINNEAPOLIS. Mimi. October "a
Close-Wheat, December. 1.O1; May, 1.05A
No. / hard 1.O1A: No. / northern, 1.03A
No. northern. 1.O1A a1 OH: No. 8 north
ern. 97a1. co.
Flour-First patents. 5.25a5. so; second
patents, 5.OOa5.25; first clears, 10;
second clears. 2.9Oa3.20.
Bran in bulk. 17.5Oa18.O0.
ST. LOUIS. October M.-wheat No 2
red, 1.OO1ka1 .O211s; No. 2 hard, 9Sa1.01; De-
cember. 9SAa99; May. 1.O2ss.
Corn-No. cash, "a. new; 64Aa641a
old; No. white, II, old: December. CO.'S
May. 61Aa61%.
Oats-No. cash, 46a461k: No. white
4sa49h: December, 45A; May. 461z.
MILWAUKEE,. October A.-Wheat-No
1 northern, 1.O5a1 O61s: No. 2 northern
1O31ka1. O5: December, 80 asked.
Rye-No. l, IS.
Corn-December, 6312 bid.
Barley-Standard, 631aa64: samples 53a
"a: No. 3, 55a57; November, 53a54h.
DULUTH, Mimi, October 24.-Wheat-
No hard 1.OiA; No. l northern, 1.O3A
No. 2 northern, 1.O1A; Dece mber. 1.01A
May, 1.O5A; October. LOB; November. IOS