Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-02-20
GRAIN MARKETS.
CHICAGO.

CHICAGO, February 19.-Gfaln prices
were nervous and erratic today. declining
early and advancing in the final half on
a general rush of shorts TO cover, wheat
leading the other grains in both the de-
cline and the recovery. Provisions, gov
erned by lower prices for live hogs, fell
off in the first half and later struggled
to recover. gaining slightly. but finishing
generally lower than yesterday.
A rush of sellers TO the wheat pit
caused a decided drop in grain prices
after a comparatively firm opening. The
initial weakness of corn, which also
sagged sharply, contributed to the de-
cline. The selling was oyerdone, how
ever, and when shorts sought to cover
little grain was in sight, and prices rap
idly recovered and attained higher levels
under the strong demand. The early de-
vance carried prices up from III to is
above the low point, May moving from
An opening at I13A to 1.13la down to
1.12s4 a1.127s, and then advancing to lbs
a1.14A. Crop damage reports, which
again made their appearance. had little
effect on the figures, which were princi-
pally responsive to the demand from
spectators. The close was strong and
not far from the high point, with May 1c
up at 1.14a1. 14h.
Liquidation and much short selling by
spectators caused a rapid decline in
corn prices after a relatively steady open
ing. At the low figures, about q off from
the opening, commission houses absorbed
the offerings, and the shorts were rushed
to cover. The upturn in wheat lent
strength to the corn pit and an advance
of from 7s to rs from the low point was
registered.
The shipping demand was not large,
and the furry of the shorts was the gov
erning factor of the advance. May fell
off to 65A, and advanced to 66s4 a665s,
the other futures travelling in narrower
limits. The close was strong. at shade
off from the high point, with May at
66a4, l4aas higher than yesterdays final
quotation.
Oats reflected the course of the other
grains in an early decline and later
recovery, the gains, however, not being
selling pressure was principally from
longs, while elevator concerns led the
buying. May opened steady to a shade
off, fell to 46s4 and climbed to 41ha41as.
the other futures fiuctuating somewhat
less. The close was firm at near the
high points. with May at 471saEl.. un-
changed from the final figures yesterday.
Provision prices were easier, responsive
to lower live hog values in the stock
yards. Opening figures were from 2hs to
10 lower and the market declined still
further, May pork falling to 23.4712 Pros
poets of heavier live hog run next week
had a dragging effect and quantities of
the products were transferred. The up
turn in grains stinfned provisional prices
In the final half of the session and some
Of the early losses were regained. ribs
creeping back to yesterdays closing level
and pork and lard finishing &c to TIC
below. Closing prices for the May prod
ucts were: Pork 1856; lard, l.. 12laa1 L.. 10
and ribs, 1245.
Cash wheat. No. = red, 1.24a1-26; No. 81
red, 1.1Sa1.21: No. hard, 1.14a1.15le; No.
= hard. 1.10a1.14; No l northern. Liza
III: No. northern, 1.1oa1-16l@; No. 81
spring, 1.l3al.l3
J Corn-No. =, 64a64ia: No. white. Goats
No. yellow, 64ll2a66; No. j, 6aa.sa6S; No.