Omaha daily bee., 1909-04-21
CHICAGO cRAINeANb PROVISIONS
Teatures of the TradinR and Closing
PrIces ON Hoard OF Trade.

Teatures of the TRADING and Closing
Prices On Heard of Trade.
CHICAGO. April D-wheat prices on the
go per bushel from the hIsh point Of the
day and the market closed extremely weak
and only a trifle above the low mark.
Corn closed about steady; oats were easy
Almost complete Generalization prevailed
nj the wheat pit for a brief period late In
the session and only the most determined
support by bull leaders saved the market
from utter rout. Immense quantities OF
wheat were dumped into the pit during
the day and the strength of the bulls was
taxed to the utmost to prevent the occur
renee of, the sensational slump earlier in
the session. AS II Was the price declined
in the first half hour from 1bc to 2q2lsc
from yesterdays close on general selling,
but quickly recovered much of. the loss on
buying by shorts. 1t was a fight between
S wheat u for Ju7y lei I : the bone OF com
tentlon. Leading bulls nave CONT nded that
on account of drought last fall IL would be
great amount of wheat from this seasons,
crop, but reports received today from the,
southwest seemed to disprove this assers
weather the new crop was said to be maxi
Ing rapid Roadway. One dispatch claimed
that the outlook in central Missouri had
greatly improved during the last few days
and that Fields pronounced dead early in
the season now show prospects for an ev-
erage yield" The situation in the north
west was equally optimistic. Seeding in
Minnesota and the Dakotas Is in fnl blast
and with continued, fayorable weather 1t
was predicted that by the end OF the week
acreage would be the largest ever known.
In addition to these domestic conditions
the foreign situation was against the bulls;
being off Id TO 16d, and the weekly crop
ummarv claimed that the outlook for the
wheat orG Toi q Europe so In Close ssne tSe % sase ed-
lngly liberal shipments from Russia last
week, as reported yesterday, this news
proved too much for the market to with
off NC to 19lhc, compared with yester-
days close. the July delivery showing the
S% SDsiHS ve sSs'- u.i isius so srEssstioq Before on t ths
end OF the first half hou the price had
declined another cent on general selling.
The market then rallied considerably on
covering by shorts and for a time held
however, the market again slipped from
from Sltc to 4%c from the high point OF
the day and from SAc to &C compared
with yesterdays high mark. The bottom
for July was reached at H.12h- May sold
OH to H.2h and september TO s1.04N. The
close was weak. with July at N.l2A. May
closed at n.2h and September at Sly6d
t.06h. ,
THE corn market held up remarkably wei
considering the severe slump In wheat A
the close prices were &c lower to Sqtt
higher, compared with. yesterdays fina
quotations. May sold between 70Mc anC
nKe and closed at 70%c. "
Oats were firm at the. start, but easet
OF later. The Iowa crop bulletin, which
showed that seeding had been delayed by
wet weather. was a bullish factor early IL
the day. AZ the close prices were Nc t.
nc lower to Sc higher than the previous
close.
Provisions displayed moderate firmnes.
early in the day, but weakened later. A
the close prices were a shade higher to l6'
lower.
The leading futures ranged as follows: