The Birmingham age-herald., 1909-05-30
MAY WHEAT DEAL
 FINALLY CLOSED
Price on Closing Day Stands
 Pat At S1,34
NO FIREWORKS" IN SIGHT
Corn Shows Considerable Strength In Slow Market and Close Is a Lit tie Hisher-oats Close Irregu-
 lar and Provisions Firm.

Chicago. May 29.-The famous Ideal" in May wheat came to an transformations end today at the close of a session marked by no more enthusiasm than is manifest ed on any ordinary day Only one price, S.34, was quoted for the delivery through out the entire day, which Is 1j4c below the best mark for the season recorded last Tuesday. and 1c above the final figures of the previous session. The mar ket closed irregular with the nearby de- liveries described firm, and the more dis fant options were inclined to be weak.
 Corn and provisions closed firm and oats irregular.
 The ''dreworks"r which had been pre- dicted by many experts with the expira- ton of the May deal in wheat failed to materialize, and trading throughout the entire day was quiet. A few belated shorts covered sales at the opening at a.34. but no transactions were recorded during the remainder of the day of the same execution.
 Sentiment in the pit was mixed owing to the conflicting crop news, and many trad CTS were not inclined to open new trades in view of the holiday next Monday. Local experts who have been investigat- ing the wheat crop in Kansas sent in ad- ditional bullish reports, but advices from other sources failed to confirm these re- ports of a probable shortage.
 Foreign news was bearish with weather conditions in Europe considered more favorable for the new crop, and the of f1cial forecast predicting a continuance of favorable weather conditions in this country of the growing cereal.
 The deferred futures were depressed by the crop news, but the July delivery was buoyant, opening to the firmness of May.
 Deliveries of wheat today on May con- tracts aggregated 511,00O bushels, which was taken in by the leader of the bulls No defaults were reported.
 The market closed quiet and compara- lively steady, with prices Ac lower to 1c higher than yesterdays final quotations May being at $1.34 and July at $1 TIA
 Although considerable strength was manifested in the corn market trading throughout the day was inclined to drag A feature of the days trading was tue pronounced strength of the May deliv- cry, due to renewed covering by shorts IHoio was ldlIly dctlV0 speculative Duy- ing of the July delivery on the theory fthat receipts would be light for some time.
 Deliveries on May contracts were re- ported at 415,000 bushels. During the day the option sold between 73s4c and 7414c, while July ranged between 695so and 7Oc The close was firm, with prices 1s@5sc above yesterdays final figures. Trade in the oats market was large, and the May delivery terminated in con siderable weakness, final quotations on that option being 1Ac below the previous close. Other deliveries, however, were firm, the July option displaying the greatest strength owing to fairly ac- tive buying by a leading commission house. During the day May sold between 6S1sc and COG, while July ranged between 52%c and 5S%c. Final quotations on May were 5Sa4c and for July 531Sc. Deliveries on May contracts were 4S5,000 bushels
 Provisions were firm all day following moderate weakness at the start due to liberal receipts of hogs. A scarcity of offerings was chiefly responsible for the firmness. Prices at the close were 5c to 15c higher