The Birmingham age-herald., 1909-04-25
ANOTHER SHARP
 BREAK IN WHEAT Prices Drop 3 to 4 Cents Dur-
 ing the Day CROP AOvICES ARE GOOD Corn Declines Sharply Under Pressure, But Full Recovery Is Finally Made. Oats and Provisions Close
 Fairly Steady.
CROP ADEICES ARE GOOD

Chicago, April 24-Addltional declined occurred in wheat prices today, the July dropping to s.107, a break of 3Ac compared
 with yesterdays closing quotations.
 May sold off to $11s which was 4%c be- low the previous close. The fresh slump was due to renewed liquidation The mar ket closed weak at net losses of 1ssd25sc. Corn, oats and provisions declined with wheat but closed fairly steady
 Owing to sensational decline of 215 to Sls pence in the price of wheat at Llv- erpool the market here opened greatly de- moralized, and with prices ranging all the way from 15sc to 34c below the final quo tations of the previous session, July being at N.O7Ql. .0S1s and May at S1.191aq1. .20l5. The September joined company with the December option below the dollar mark for brief period at the start, when it sold at 9912cs per bushel. The severe slump at Liverpool was said to be due to greatly increased offerings there of Ar genuine and Indian wheat at considerably lower prices than prevailed yesterday and to continued favorable reports regarding the European crop.
 
 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- liveries prices held within the opening range. Toward the middle of the day May declined still further to S11S while tie December option rallied to $i A number of rallies were experienced during the day, but they were unmportant and were hKr aniF hxr buying orders by owners of downward in- demnities. With the exception of claims of the appearance of Hessian flies in one locality in Kansas, crop advlces were again of an optimistic character. There was scarcely enough cash wheat on sale to make market but demand was ex- cellent and prices held firm. The market closed heavy, May $1.197s, July $1 .07ss and September at 1.001z.
 The corn market was subjected to heavy liquidation early and prices broke sharply, but later much of the loss was regained on buying by cash houses, who bought freely of the May delivery. The slump at the start was due to a break of 12dd in Liverpool and to the further decline in wheat prices. Trade during the last part of the day was rather slack
 The range for May was between 667sc and 6S1sc, and the close was at the top. Finals showed net losses for the day of ssQ1ac to %c.
 Weakness of wheat and corn had de- pressing effect on the oats market at the opening and later the market was bearish- ly affected by improved weather condi- tions for seeding. There was a mild rally 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, %6D 1ac 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 21kc lower to 21Ac higher.