Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-05
THE GRAIN MARKETS.

CHICAGO. January A heavy pre-
ponderance of bullish news caused q
strong wheat market here today At
the close wheat for May delivery was 1ss
a11ac higher. Corn was up bake. Oats
were lac higher. Provisions were 90 to
10c higher.
The wheat market ruled strong all day
The opening was firm. because of light re-
celpts in the northwest and a marked de-
crease in the worlds shipments as COM
pared with last year. A slight decline, due
to realizing sales, followed the opening,
but later rush of bullish news caused a
recurrence of the strong feeling. Large
ciearances, higher prices for cash wheat,
an increased demand for export, and the
report that northwestern millers are bid
ding high for hard winter wheat were the
chief factors. 1t was also reported that
the grain icrops of Norway were below
normal on account of excessive rains last
summer May opened Aa%c higher, at
1.O71sa197A, sold between 1.O6a and
LOSE and closed strong at 1.0SA al 0S3s.
Clearances of wheat and -four were equal
to $4,000 bushels. Primary receipts
were 100000 bushels, against 653, 600 BUSH
els on the same day last year. Mime
apolis Duluth and Chicago reported re-
ceipts of POT cars, against 253 cars last
week, ana 40I cars a year ago.
The corn market opened firm because of
wet weather throughout the corn belt, but
heavy selling by holders soon brought
about a decline. On the slump, however.
renewed speculative demand and the
strength of wheat brought about a f1rmer
feeling, and the market soon advanced to
a level slightly above the close of yester
day. May opened Aa$s to 3sa12c higher,
at 61asaG1h, sold between 6O& and 6112
and closed firm at 61Ssa611a. Local re-
z;,,A. I IN of .lf,f
grade.
The oats market was slow all day. The
trading was very light. May opened 1sc
higher, at 54Ts, and sold between 5412a55.
and closed at %. Local receipts were 122
cars.
The run on hogs, both here and at other
western packing centers, was very heavy.
and the provisions market was under con-
siderable pressure from packers. Prices,
however, ruled firm for the greater part
of the day because Of the strength of
grain and on a good outside investment
demand. At the close May pork was 1Oc
higher, at 13.371z Lard was up 2laa5c. at
s.O71kas.1O Ribs were 2Aa5c, to TIC to
1Oc higher, at 725a7 .27lA.
Estimated receipts for Monday: Wheat
IS cars: corn, 1@7 cars; oats. 116 cars;
hogs, 123, 600 head.
DULUTH, Mimi, January 4.--Wheat
No. / hard, 112A No. / northern, lila
No. northern, 1.OS&; May, 1.l5A; July,
III dShtu
MILWAUKEE. Wis, January 4.-Wheat
No l northern, 1.14a1 Is; No. northern,
1.lO13a1. u: May. 1.0Sa4. Rye, No. l, SLASH
Barley, No ., 1.O2; sample, 1Oa1 OF. Corn,
No. 3 cash, 5oa5s; May, 61ss asked.
ST LOUIS, Mo-. January 4:-Wheat
No = red cash ..O6a1 06lA; 40. hard. LOB
al C6; May. LOTS July. 971e. Corn. No: .
cash, 56a5614: May, $685. July os% a3S1s;
No . white, 57a571s. Oats, No. cash, so;
May 52La; No. = white, is.
CINCINNATI, Ohio. January 4.-Hogs,
easy; butchers and shippers, 4.55a4oI1@;
common 3.40a4,15. Cattle, strong, fair
to good shippers. 9Oa5.40: common. 2.GOa
325. Sheep, strong, 2.ooa45o. Lambs
strong, i.5Ua615.
MINNEAPOLIS January 4.-C1ose:
Wheat. May. 1.14$4; July. I14a4; No. 1
hard, 161-; No. / northern. 1.1412; No. .
northern, 1.121a: No. northern. 1.oSiaa
1.10l2. flour steady: first patents, 5.1Oa
$50: second patents. 5.6Oa5.1O; first clears,
4 .3Oa4. 40: second clears, 3.5oa360. Bran
i'll bulk, $50.