Evening star., 1909-05-09
GRAIN AND PROVISIONS.

CHICAGO. May s-wheat prices on
the board of trade slumped violently to-
day on selling based on reports OF rain
in Kansas and on break OF I'd AT Liver
pool The market was weak all day and
closed al net declines Of II. 10 &c. COM
pared with yesterdays final figures. Corn.
oats and provisions also closed weak.
Traders in the wheat pit appeared very
much at sea. and as consequence the
volume OF trade was not large as on
previous sessions. The feature of trade
was the heavy selling pressure 10 which
the July delivery was subjected and the
relative weakness OF tha: month. COM
pared with the more distant options. At
the low point today the July delivery was
sac below the high price Of the preceding
session. while the more deferred options
showed a loss OF less than &c.
The market opened extremely weak at
losses of !, 10 2Sa.k. with July at
I IL to 10 and September at 1.05s>al %.
The slump at the start was due largely
to the sensational decline at Liverpool
and the weakness of foreign markets in
general. which failed To show any re-
sponse to yesterdays bullish crop report.
Many OF those who had bought on the
upturn yesterday were free sellers early
in the session. and as trading progressed
additional impetus was given the selling
movement by private reports. telling OF
RAIN IN various sections or Kansas ana
other portions OF the southwest.
There was considerable buying of the
deferred futures by northwestern inter-
ests. which tended to check any further
decline in those months. but the July
delivery was In poor demand and sold
of more than 1c below the opening low
point. the bottom being reached. Sep
tember held within the opening range
throughout the entire day.
The market closed weak, with July at
1 ho af Ia
quotations December were 1.O5asa1 n51s.
The corn market was week all day
because OF heavy selling pres
sure. based on a poor shipping
| crease in the movement during the COM
ing week. The slump in wheat also had
depressing ERECT, as did also decline
OF 11sc in the price OF cash corn. Some
of the leading longs in the wheat mar
ket were the principal sellers OF corn.
The nearby deliveries displayed the great
est weakness. At the close prices were
| II to 7sa1c below yesterdays final hg-
ures May being at Il and July at 6Sl.a
6Sssc
Improved weather conditions for the
new crop prompted liberal selling of Sep
| tember oats and the slump In wheat and
/ corn caused free profit-taking in the May
| option. The result was weak market
! all day. The close was only trifle above
the low point at net declines of i4ah TO
I2c. with May at 5Sls and July at ola.
|
able speculative selling OF provisions, par
ticularly Of lard. which resulted In A
heavy tone all day. At the close prices
were Sara to l21a lower than the pre-
vious finish.
Cash wheat-May. No. red. 1.4aHsa
l4slz: No. 3 red. 1.3Sa1. 46: No. hard.
| / .2Sl.a .351a: No hard. 1.23al IS. No.
northern l.2Slaa1. .3Ola: No. northern.
1.2s4sa1 %: No. 3 spring. icsai Isl:
| Corn-No. =, I4Le: No. white. IS. No.
= yellow. 7+a4a761a: No. 3. I4aI4ts: No. 3
yellow. 74a75la: No. 4. 18al3la.
| Oats-No. . white. 5Ss4a60: No. 3. 511s;
No. white. 571ss59; No. white. o7ao71s:
| standard. 5Ss4a59.
ST. LOUIS. May S.-wheat-No. 2 red
cash, 13O: No. hard. 1.33a1 81: May.
!.S2: July, 1,lo1sal.1o%; September
Corn-No. cash. 7s,aa75s4: No. 2 white.
76a78,1; July. esq., September, 68lt
oats-No. 2 cash. ssh: No. white. ssh;
July. 49A; September. q.
MINNEAPOLIS. May s-Close: Wheat
May, 1855: July. 1.25ssa1. .25k: Septem-
ber 1.OSk: cash No. hard, l.5OaL5o!s;
No. / northern, 1.29a1. .291a: No. north
ern, l.o6lsa1 .271: No. northern. 124iaa
Flour-First patents. 6ioa63o: second
patents. 6OOa6.2O: first clears, <s5a5.o6;
second clears. S.35a3.55.
Bran in bulk. 24.ooa24.5o.
MILWAUKEE, Wis. May A-No.
northern. 1.31h: No. 2 northern L2s:
July. 1.14kaI1 14A.
Rye-No. /, sGh.
Corn-July. Ssh asked.
Barley-Standard. 69h; No. 5, 6sa6sA:
No. 4, 68.
DULUTH. Mimi, May s.-wheat-No. I
hard. 12S14: No. / northern. l26st: No. I
northern, 1.24st: May, 1.25it: July. 1.24b;
September. LO6h
Liverpool Grain Prices.
LIVERPOOL. May 6-Closing: Wheat,
SPOT: No. 2 red western winter. nominal:
futures irregular: May. 9s I'D: July. rs
| sd; September. SIS SID. oCrn-Spot.
strong: new American mixed (yia Calves
toni, Is 4l.d; futures, quiet; May, NOM
inal: July, is SID.