The Birmingham age-herald., 1909-05-11
WHEAT SUFFERS
 FROM THE BEARS Prices Are Hammered Hard and
 Yield Accordingly BEARlSH NEWS PREVAILS Corn Shows Weakness In Spite of Small Offerings and the Close Ia Lower-oats Are Weak and
 Provisions Steady.
BEARISH NEWS PREVAILS

Chicago, May 10-The wheat market weakened today under persistent ham smering by the bears, prices at the close showing net losses of Sddc to 15sc, com pared with Saturdays finals. Corn and oats also closed weak, but provisions were steady,
 The wheat market was weak all day with the exception of a brief period at the start when moderately firm tone prevailed owing to covering by shorts. Offerings were liberal all day and the market lacked substantial support except on the severe breaks. News of the day was largely of a bearlsh nature, ad- vices regarding the condition of growing wheat in this country being more op- timistic than of late and statistics also being unfavorable to the bulls.
 Reports from the southwest indicated that Saturdays rain was quite general in Kansas and Oklahoma, while advices from the northwest, where seeding is in progress, claimed that weather condi- tions there were favorable to an early completion of work Material let up in demand for the cash grain here and at Kansas GllY ALSO WOlhtu dSdilSl hhc market. One of the leading cash concerns here said that they had received re- quests from interior mills to resell cash wheat previously purchased by the latter and Kansas City reported that large number of cars of wheat had been left unsold. At tie same time primary re- ceipts were greatly in excess of those of the Corresponding day year ago. Foreign markets were weak, due to Q large extent to greatly increased ship ments of wheat from Russia and India.
 At the opening prices were unchanged to skc higher with July at $1 .14ss to $1 145s, and September at $1.08 to $106ss. After the first quarter of an hour heavy tone developed and prices began decline which continued intermittently the re- mainder of the day, the opening figures being the highest of the session. The low point for July was touched at $l 121s and for September at $1 .051a. Final quotations of these deliveries were $1 1.125sd1 12s4 and $1. .0514Gp1. .053s.
 Although offerings of corn from the country failed to show any material in- crease, the market was weak the entire day owing to the prevailing impression that the movement in the next few days would be larger. Reports from Illinois indicated that an unusually large crop
  tions and this news helped to depress the market. Several of the leading commis- sion houses were free sellers nearly all | day and there was also liberal selling | of a miscellaneous character. During the day the July delivery sold between 67so and 6S9sc. The close was weak with prices 1s9Ac to 1ac below Saturdays ant 1 figures with July at 6Sssc.
 | Reported frosts last night extending fal into Illinois and Missouri had little ef 1 feet on the oats market, the opinion be Ing quite general that little damage hac
 been done. The heavy tone of corn was | chiefly responsible for the weakness thai prevailed throughout the entire session At the close prices were at shade to hc 1 lower than the previous close with July i at 51Ac.
 l Provisions were quiet and steady all day. a good demand for cash meats off | setting a Dc decline in live hogs. At the close prices were unchanged to DC higher.
 Taadinc futt1res ranUed follows.