Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1900-1911, 1909-01-08
CHICAGO GRAIN

Special service to The Herald by ]. c.
Wilson. member Chicago Board of Trade,
Hotel Alexandria, Los Angeles.
CHICAGO, Jan. THE Liverpool strength
of wheat was due to the reiteration Of
smaller yield in Argentine than had been
expected, but this was offset somewhat by
BroomhalPs estimate of 100000 clearances
for the first week in January, a record
breaker for that week The weather milder,
but still lacking snow over the major por-
ton of the winter wheat belt. Northwest
receipts exceptionally light. but this ex-
pected because of the blizzard NotWith-
standing the small receipts Minneapolis
wheat stocks increased 100000 bushels for
five days.
The Cincinnati Price Current says that
the week has favored the growing plant,
but that the cold wave now in evidence
NAV cause apprehension. The market mas
again been subjected to local influences;
This condition caused some of the local
professionals to buy May wheat ana sell
July. On the whole, the session was an
uninteresting one, and the strength dis
plaved at times was caused chiefly by the
! covering of shorts.
There was an active market in corn, with
covering operations on a large scale by
some of the professional shorts. one par
ticular interest took in the neighborhood
Of a million bushels Those who have been
most determinedly and consistently bullish
are still SO apparently, and show disposi-
ton to cover their corn. The rough
weather over the belt gives rise to the
belief that there will be falling of In
the movement.
oats were firm but trade so light that
it could hardly be called a market
Provisions were dull but firm. Altogether
the market acts to us as if it were In
shape for a further advance.
Milder weather over winter wheat, with
snow storm in wake of cold wave, but not
vet covering any material part OF belt
Trade is featureless in wheat, volume OF
business small and tone hstless
Sentiment in corn has turned very bull
ish One of the largest corn handling
houses here which usually has from TWO
to three million bushels corn bought at
this time of year, says IL has just Sl'VOO
bushels booked, and that the country IS
selling nothing The Glucose company is
taking contract corn out of store for con-
sumption, can get it cheaper relatively;
Believed some Of the shippers who had
sold ahead have been covering TO-DAY py
buying in the pit
Slowly moderating temperatures tonight
and Friday in this section with CONDITIONS
favorable for snow furries. The cold wave
has reached the middle and north Atlantic
coast and snow has occurred over middle
and northern districts east of Rockies.
Liverpool wheat closed Il to as higher
Corn q higher. Antwerp unchanged. Ber-
lin, Is higher. Budapest, lower Parls'
Il to 1c lower.
Primary receipts-Wheat, $4,000 bu.;
shipments, $4,000 Blu. Last week, S57OOO
blu. and $4,000 blu. Last year, $4,000 bu
and $4,000 blu. Corn today. 100000 bu
and 4O7 900 bu. Last week, 465,0OO bu
and SSS,OOO bu Last year, $4,000 bu. and
422, 900 blu.
Total clearances-Wheat, $4,000 bu.
flour, $4,000 bills. corn, 46SO0O bu; oats
5000 bu. wheat and flour equal 100000 bu
Estimated cars for tomorrow-Wheat, 5;
corn, 80; oats 81; hogs, 10000.
Cash wheat in sample market firm at
former limits, offering light. Cash corn
nc higher. Cash oats, Il to &c higher.
Argentine shipments-Wheat, this week,
SOC, 600 bu.; last week, $4,000 bu.; last
year, 496, 900 blu. Corn. this week. 200, 900
bu. last week, 10000 bu.; last year, 1884,
600 bu.
Receipts-Minneapoli today, 129 cars;
last week, 1913; last year, 200. Duluth, to-
day, %; last week, %; last year, 81. Win
nipeg. today, 80; last week. 121; last year
169.
Cincinnati Price Current-Weather fav-
orable to growing wheat most of the week,
maintaining condition. Cold wave now may
cause apprehension. Possible damage is
matter of future determination. Packing,
$50, 900, against 10000 a year ago. Pack
ing for the season from November l to date
totals $4,000 hogs. against 4,65S,oOo a