Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-01-03
The World of Finance and Trade.
Washington; New York; London.
GRAIN AND PROVISIONS.

CHICAGO. January Reports of dam
age by Hessian fly to the fall sown crop
of wheat In this country inspired consider
able buying by shorts in the wheat mar
ket here today. resulting in a firm close.
final quotations showing net gains of =
to 9sa1a. Corn closed steady. Oats easy
and provisions firm.
Following weak opening the wheat
market developed considerable strength
during the lastshalf of the day and closed
at almost the highest point of the session.
The strength was due chiefly to covering
by shorts, who based their actions on the
report of ST. Louis trade journal, which
claimed that while recent rains had great
iy benefited winter wheat the crop had
been injured by the Hessian fly. Aside
from this report there was little news
of sufficient Importance to affect the mar
ket
The easy tone at the start was largely
the result of selling brought out by liberal
shipments from Australia. Total exports
for tho week from that country aggre-
gated $4,000 bushels. compared with :S04,-
Vo bushels the corresponding time a year
ago. After selling between LOT and
ranged between 9sla and y9l4. Clerances
of wheat and flour were equal to 2j4, 900
bushels
Primary receipts were $4,000 bushels
compared with $4,000 bushels the cor
responding day year ago. Minneapolis,
Duluth and Chicago reported receipts of
331 cars against 207 cars year ago.
Unsettled weather for the corn belt, as
predicted by the weather bureau, was the
chief reason for the firmness of the corn
market during the last half of the session.
The market also was affected to some ex-
tent by the strength of wheat Senti-
ment in the pit was a little bearish at
the start, owing to the easy tone of
wheat. but became trifie bullish before
the middle of the day. Trade was quiet
throughout the entire session The close
was steady. with prices unchanged to
a shade higher with May at 6las and
July at 61l4. Local receipts were 2J6
cars, with Is of contract grade
Despite q brisk demand for the cash
grain. the oats market was weak nearly
all day, there being some INCLINATION on
the part Of local holders to take profits.
The volume of trade was small. The
close was weak, with prices off shade
to sc, compared with the previous
close. Final quotations on May were at
Sis and on July at ass. Local receipts
were lat cars.
Greatly decreased receipts Of live hogs
at western packing centers caused firm
ness in provisions, but the trade was
slow all day, owing to disposition
among traders to await the publication
of the official statement relating to the
stocks of provisions In store here. The
idfheI CioSeQ HFH, With prices up "a
to 10c.
Estimated receipts for Monday: Wheat,
Is cars; corn, 447 cars; oats, Isl cars;
hogs, 5000 head.
MILWAUKEE, January 2.-Wheat-No.
l northern. 1.1oa1.11; No. 2 northern.
Local .O91a; July, 1.O77s bid.
Rye-No. /, 74ha75.
Corn-May, 61A bid.
Barley-Standard, 65 1sa66: samples, 53a
s.; No. 3, 6Oa62A; No. 4, 59aa60.
DULUTH, Mimi. January Close:
Wheat-No. l hard, Ia; No. ! northern,
1.1O1a; No northern. 1.0sh; May, 1.1Oh
July, 1.1O12.
MINNEAPOLIS, Mimi. January .
Close: Wheat. May, 1.10ba1.1OA; July,
1.10a1 .1Os. Cash wheat-No. / hard.
Liz; No. northern. 1.1O12; No. 2 north
ern. 1.0Sa1. 0S1a: No. j northern, 1.O5a1 .O6.
Bran, 19.OOa19.2J.
F1our-F1rst patents. 5.3Oa5.65; second
patents, 5.1Oa5.20 first clears, 4.OOa4.1U;
second clears, 2.95a3.05.
ST. LOUIS, January 2.-Wheat-No. =
red cash, 1.09a1 10: No. hard, 1.O5a1O7; ;
May, LOSS; July. 97N.
Corn-No. . cash, 5Sa5sa; May, 6Oxs;
July. 6OA No. white. 6112a62.
Oats-No. . cash. JOa501a; May, so; July,
45A; No. white, 81.