Evening star., 1908-01-19
FINANCE AND TRADE IN
MARKETS OF THE WORLD
THE GRAIN MARKETS.

CHICAGO, January 1s.-Wheat prices
on the local exchange declined more than
: cents today. because of free selling by
leading holders. At the close the May
option was of 2ka23sc. Corn was 1 cent
over. Oats were down ssaxc. Provisions
were 21sa5c to 1Oc lower. The wheat
market was weak the entire day. but the
severe break in prices did not materialize
until late in the session. The market
opened easy, owing to moderate sales by
pit traders. who were Influenced by the
continued liberal movement in the north
west AS the session advanced additional
news. adverse to the bulls, was received,
and the sentiment became still more bear
.Sf1
The main factors that inspired the SELL
Ing were enormous receipts at all prima ry
points in the United States All estimate
of liberal gain in the words shipments
for the week and rumor that statistics
OF the amount Of wheat on ocean passage
will probably show an increase of about
100000 bushels for the week. During the
final hour several prominent longs be-
came heavy sellers, which caused a sharp
slump in all deliveries.
The market closed weak with prices
almost at the bottom. May opened hc to
sc lower, at 1.04ss to LOAN. sold OF to
l.o2, and closed at 1.O21sa1.Ook. Clear
ances of wheat and flour were equal to
6a6,GO0 bushels. Primary receipts were
739 900 bushels. compared with 347.0oo
bushels the corresponding day last year.
receipts of $50 cars. against 300 cars last
week, and 226 cars year ago.
Cold weather and the break In wheat
had depressing effect on the corn mar
ket, sentiment being somewhat bearish all
day. Local receipts weer less than
had been estimated. and this tended to
check the selling movement. The market
closed easy. May opened hc to Nc lower.
at 60k TO 60A, sold off TO 60. where 1t
closed. Local receipts were 80 cars, with
Trade in oats was dull and featureless,
and prices were lower, owing to the weak
ness OF wheat. Offerings of cash oats
were liberal and prices at the sample
tables were c , Lover r. Nay opened ed. haAe &c
clined to 81, the closing price. Local
receipts were III cars.
Provisions were rather inactive and
sentiment was inclined to be bearish.
owing to the weakness Of grain, and to a
May pork was of 1Oc. at 13.27h. Lard
was 2lsa5c lower. at 500. Ribs were 7,sa
10c, lower, at los.
Estimated receipts for Monday: Wheat.
81 cas-; corn. sH cars; oats. 219 cars;
hogs. 5000 head.
DULUTH. Mimi. January 1S.-Wheat.
No. hard, 1.00h: No. / northern. l.0qM;
No northern. LOSS; May, 1.O0H: July.
1.1OM
ST. LOUIS, Mo-, January 1s-wheat
No red cash. 1.021za1 O3; No. 2 hard,
Local 03h; May, 1.01 1Na1 OF; July, 9Sh.
Corn-No. cash, 56a563z: May. 51h:
No. white. 57a57A.
Oats-No. cash. 81; May, 51&; No. 2
white, SO.
CINCINNATI. Ohio. January 1S.-Hogs
fairly active: butchers and shippers. 4.45;
common, 3.3Oa4. 10 Cattle steady; fair
to good shippers. 4.60a5. 10: common, 2.25a
800 Sheep steady, 2.50alO0. Lambs.
slow and lower, 4.75a7.10
MINNEAPOLIS, January 1S-wheat,
May. 10s%a1 .Oe1s: July LOON: No. hard.
l.1O1s: No. northern, 1.O61s; No. 8 north
ern. 1.O2xa1.O41s. Flour. firm, first paa-
ents, 5.6Oa5.70: second patents. -5,5Oa5 go:
first clears. 4.3oa4.4O second clears. 3.55a
$50.
Bran in bulk. COCO.
MILWAUKEE, Wis. January 49,
Wheat No. l northern. I.1la1.12: No.
northern. 1.0Sa1. .09k; May. l.Ooh bid.
Rye-No. l. S51k Barley. No. 2. LOS;
sample, 7Oa1 .O2.
Corn-No. cash. 56a59: May. GO bid.