Evening star., 1909-04-25
GRAIN AND PROVISIONS.

tional declines in wheat prices today. the
July delivery dropping to 1.O7. break Of
~ compared with yesterdays closing
quotations. May sold off to 1.18. which
was Az below the previous days close.
The fresh slump was due to renewed liqui-
dation The market closed weak at net
losses of 1ss to 2Ss. Corn, oats and pro-
visions declined with wheat. but closed
fairly steady.
Owing to sensational decline Of 2l5 to
sgd in the price of wheat at Liver
pool the market here opened greatly de-
moralized. and with prices ranging all the
way from 11s to 31l below the final quo
tations of the previous session. July being
at LOT to LOSE and May at 1.19ls to 1.aQgs.
The September delivery joined company
with the December option below the dollar
mark for brief period at the start. when
1t sold at 99,a per bushel. The severe
slump at Liverpool was said TO be due to
greatly increased offerings there Of Ar
gentine and Indian wheat at considerably
lower prices than prevailed yesterday, and
to continued favorable reports regarding
the European crop.
The selling furore subsided to some eX-
tent after the first few minutes and a
much calmer feeling was manifested dur
ing the remainder of the day. With the
exception of the May and December de-
livery, prices held within the opening
range. Toward the middle of the day
May declined still further to 11s. while
the December option rallied to Loo.
A number of rallies were experienced
during the day, but they were unimpor-
tant, and were occasioned by covering by
shorts and by buying by owners of down
ward indemnities. With the exception of
claims Of the appearance of Hessian flies
in one locality In Kansas. crop advices
were again of an optimistic character.
There was scarcely enough cash wheat
on sale to make a market, but demand
was excellent and prices held firm. The
market closed heavy. with May at 1.195s.
July at LOTS and September at 1.O01s.
The corn market was subjected to
heavy liquidation early in the day, and
prices broke sharply, but later much of
the loss was >regained on buying by cash
houses, which bought freely Of the May
delivery. The slump at the start was due
to a break of lid at Liverpool and to
the further decline in wheat prices. Trade
during the last part Of the day was rather
slack. The range for the day on May
was between 577s and 6Sls and the close
was at the top. Final quotations showed
net losses for the day of ssa1a to Y.
Weakness of wheat and corn had a de-
pressing effect on the oats market at the
opening. and later the market was bear
ishly affected by improved weather condi-
from the low point touched on initial
transactions, but the market displayed no
great buoyancy. buyers evidently being
content to allow prices to stay down. At
the close prices were unchanged to 3sa1sc
lower compared with the previous close.
Provisions were inclined to be weak
early in the day, owing to the weakness
of grain, but demand by local packers
caused a steadier feeling late in the ses-
sion. At the close prices were 2lsc higher
to C15c lower.
Wheat-Cash. No. 2 red. 1.36a1 40; No.
5 red. 1.2SaI 35; No. hard, I.19a1. 261s
123; No. 2 northern, 1.20a1.22; No. )
tcorn-No. 3; 6ea7oh; No. yellow. Tia
nv: No. 4. 67l5.
Oats-No. . white. 90: No. white, 54Aa
5oA: No. white. 511sa54l2.
CINCINNATI. Ohio, April o4-Cattle-
Receipts, IS: steady: fair to good ship
pers. 5.3oa6.15; extra, 6.2o; common, 2.5Oa
415.
Hogs-Receipts, 1920. Easy, &c lower;
butchers and shippers. 7.4Oa7.45: common,
5OOa6.OO.
sheep-Receipts. 81: steady: 3.75a5.75.
Lambs steady. 550a7.2o.
ST. LOUIS, April 24.-Wheat-No. 2 red
cash, 1.4Sa1 A: No. hard, 1.24a1. 80: May,
1.19h: July. 1.03zs.
71h; May. 677s: July, 66A.
Oats-No. cash. 5+h; No. white,
56h: May, 53A; July, Al.
MINNEAPOLIS, April 24.-Close: Wheat
May, 1.1Sh: July. 1.1S1s: cash No.
hard, 1.22al .22A: No. northern, LILA
1.2lN: No. northern, 1.19a1. 1917; No. 3
northern, 1.16a1.17h.
Flour-First patents, 570a5.90: second
patents. 5.6Oa5.S0: first clears. 4.75a4.95;
second clears, 3.25a3.45.
Bran in bulk. 23.0Oa23.50.
MILWAUKEE, Wis. April 24.-Wheat-
No. 1 northern. 1.94: No. northern,
1.aOlxa1. .22h: July, 1O7h.
Rye-No. /, Ssh.
Corn-May. 6S1z bid.
Barley-Standard. 67; No. B. 66a66l.:
No. 4. 65a66.
DULUTH. Mimi. April o4.-Wheat-No.
! hard. 1.21: No. ! northern, 1.l9h; No.
northern. 1.171s; May. lit; July. 1.17k;
September, 1.03h.