New-York tribune., 1909-04-21
eu,cAeo GRAIN AND PROVISIONS.

a,-.ro Anril an.-Wheat prices on the Board
.--sde to-day broke from 2isc TO 49sc a bushel
- the high point Of the day, and the market
eoed extremely weak and only trifie above
=. loz mark. Corn closed about steady, oats
-. easy and provisions were weak
Almost complete decentralization prevailed IN Iie
4sst nit for brief period late IN the session,
"a o,i,- -be most determined support by ou i
5es5e-s saved the market from utter rout I'm
-e,se 5uarrities Of wheat were dumped into the
-, during TIE dav. and the strength OF the bu4S
= +s1e6 =, the utmost TO prevent the Tecur-
a1ce OF the sensational slump earlier in the seS-
~, As il was prices declined in the first hair
hour from 1isc TO &c TO 21sc from YESTERDAY
csose on general selling but quickly recovered
7npcb Of the loss on buying by shorts 1t was
sebt between the bulls and the weather man
With wheat for July delivery the bone OF conten-
aon Leading bulls have Contended that on ac-
eor,,. Of drouth last fall Il would be impossible
- deliver On July contracts any great amount OF
wheat from this seasons crop but reports re-
rssva5 TODAY from the Southwest seemed to dis
move this assertion. With the- advent Of grow
izg" weather the new crop was said TO be making
rspsd headway One dispatch claimed that the
.autlook in Central Missouri mad greatly improved
during the last few days and that fields pro-
-o,nce5 dead early in the season show pros
meets for an average Yield The situation IN the
Nerthwest was equally optimistic. Seeding IN
Minnesota and the Dakotas is in full blast, and
with continued favorable weather it was predict
ed that By ire end OF the week the work would
he counleted and that the acreage seeded VIII pe
the largest ever known In addition to theSe
slsn against the bulls. Gables were decidedly
weak. Liverpool being of Id 10 lad. and the
weekly CROP Summary claimed that the outlook
for the wheat crop of Europe IN general was eA-
celsr. Fo3lovrirg so close the exceedingly iib-
eraI shipnerts from Russia last week. as report
ed YESTERDAY. this news proved too much Tor lle
market 70 Withstand. The market opened weak
win prices off lac e to 1isc compared Win
yesterdays close the July delivery showing the
rreaSesr loss Initial quotations on this option
we're s. 15ls TO 81 1854. Before the end OF the
first half hour the price had declined another
cent on general selling The market then raiIled
considerably on covering 10y shorts and for
tine held comparatively steady In the maj
hsur however the market again slipped from the
coBtrol Of the bulls and prices tumbled from 2ls c
10 4zc from the high point Of the day. and from
SIC 70 &c compared with yesterdays high mark
rhe bottom for July was reached at 81 y "a
Nay sold off 81 - p. and September at 81 "a
Tie close was weak. with July at 81 l29 May
closed al 81 24s and September at 81 % to
G05l
The corn market held Up remarkably well. con-
si6ering the severe slump in wheat wet weather
present ard prospective, was the main reason Tor
fhs frmness which was manifested at various
tines during the day. The market opened hrrn
bst weakened early IN the day, owing to the sell
iag Of large quantities Of the May and July de-
lTeries Later. however. the market again be
cane firm and at the close prices were &c lower
e &c 20 -Ac higher. compared with yesterday
f1al quotations May sold between 101sc and
lac and closed ~ 70&4c-
Oats were firm at the start owing 10 the
strength Of corn hut eased of later. in sympathy
pith the break in wheat The Iowa crop bulletin
which showed that seeding had been delayed by
vet weather. was buIltsh factor early in. the
6sy. Al the close the prices were L c to @s c
lower 10 ? C. higher than the previous close.
Provisions displayed moderate firmness early
II the day h-caUse Of a &c advance in live hogs
but weakened later in the session owing to profit
liking based 10 some extent the break IN
wheat prices At the close prices were shade
hgher 20 15c lower.