Evening star., 1909-05-02
The World of Finance and Trade.
Washington; New York; London
GRAIN AND PROVISIONS.

CHICAGO. May 1.-Win.er weather in
the west and the northwest was the chief
reason for a further advance in wheat
prices today. The market closed at net
gains of Il to 17sa2c. compared with yes
terdays final quotations.
Corn, oats and provisions also closed
firm.
Wheat exhibited greatest strength early
in the session, the market losing much
of its buoyancy during the latter half of
the day owing 10 profit taking based to
some extent on official prediction OF slow
ly rising temperature In the spring wheat
country At the start prices were Il to
nc higher than the previous close. the
May delivery showing the greatest
strength, despite deliveries OF 100000
bushels of cash grain. Opening quota
tions on Nav were at 1.24Ia to 1.24A, and
on July. LIES to Lips During the first
half hour May advanced to 1.25A, and
July to 112A. Reports from the north
west indicated heavy snowfall over a
large section, with a blizzard raging In
the Dakotas, but the weather 1pureau
forecast was for more springlike weather
tomorrow. This official forecast brought
out sufficient selling late in the session to
cause an easier feeling. The desire OF
many traders to even up operations over
Sunday also exerted a depressing effect.
July at the low point sold at 1.11ss. The
market, however, reacted from the bot
tom and closed firm, with May at Log
and July at LIP.
Unfavorable weather for farm work and
the total absence of any deliveries on
May contracts caused sharp advance
in corn prices. but part OF the gain was
lost late in the day on profit-taking. AT
the close prices were "a to nc higher
than yesterdays final quotations. May
being at 711s and July at 6S7s.
oats were decidedly strong early In
weather conditions but reacted somewhat
later i'm the session in sympathy with
other grain There were deliveries of
G5oO0O bushels on May contracts. most
of which went into strong hands. Prices
at the close were 3sa1s to AsaAc higher.
with May at 563sa561a, and July at 1875.
Provisions We're firm on buying by west
ern packers and local shorts. The month
ly statement of stocks nSstore was ex-
5ected to be bullish At the close prices
were unchanged to 5a714c higher.
Wheat-No. . red, 1.4411a1. .4oa; No. 8
red, 1.341aa1.43: No. hard. 1.25a1 80;
No. hard, 1.o1aL29: No l northern.
1.26laa1.27s4 No. northern, 1.2412a1.26;
No. spring 1.20a1.2J12.
72a72l4; No. 3 white. 73la No. yellow.
734
oats-No. 3 white. 55Aa57A: No. 4
white. 53a56: standard 57A.
sol- Luis, May I-W nedI-No
May, 1881 July, 1.OSA.
Corn-No. 2. cash. 1914; No. white.
"A: July. 6S4 Sep ember, 665s.
Oats-No. 2, cash, 55A; No. 2 white.
MINNEAPOLIS, Mimi, May l.
Wheat-May. 1.24as; July, 1.24: septem-
ber. 1.o7 asa1.071s; cash. No 1 hard,
1881 a1.2S7s; No. 1 northern, 1.27Aa
1-27 No. 2 northern. 1.25 ,sa1.25s Is j; No.
northern, 1sa123as.
Flour-First patents 6.10a6.20; second
patents, 5.9oa6.10; first clears. 4.75a4.95;
second clears. 3.45a3.55.
Bran-In bulk. 3.50a24.00.
MILWAUKEE, Wis, May 1.-Wheat-
No l northern, 1.29; No. 2 northern.
1.27; July, liz bid.
Rye-No. 1, SSE.
Corn-July, 6S Is.
Barley-Standard, 67a67h; No. 8,
65 " a66; No. 4. 65k
DULUTH, Mimi May 1.-Wheat-No.
1 hard, 1.27; No. northern, 1859; No
2 northern. 1.231a; May, 1.23; July.
1854 September, 1.0S1s.