The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1910-04-26
GENERAL ADVANCE
IN WHEAT PRICES
Damage to Growing Crops Is
Cause of Upturn
THE CLOSE IS STRONG
Corn Is Also Affected BY Weather Con-
ditions and the Close Is at Good
Advance-Oats Higher and
Provisions Are Lower

Chicago, April 3.-Wheat prices closed
today after a nervous session In winch
large offerings made late in the session
caused a sagging of about 1hc from the
early high figures. Unfavorable reports
from growing fields caused a late reac-
ton, the distant futures reaching nearly
to the early high mark. Corn also start
ed strong and fell away on heavy selling
more than recovering losses late In the
session on rush OF buying induced on
heavy frost scares Oats In narrower
limit displayed the same trend as wheat
and corn. Provisions showed hrmness
early, but reacted on increased onerings
and closed from 15c to 321zc down.
At the outset wheat advanced, the
strength of corn and higher prices in the
Liverpool market being influential fac
tors. Attracted by the upturn sellers
crowded the pit and caused an abrupt de-
cline, which carried May down 1%c, July,
1ak011ko and September 1870 from the
early high level. Later in the session re-
newed reports of damage to the growing
fields by the cold weather inspired bet
ter quality of buying and prices advanced,
the distant options creeping up close to
the top. An improved condition or the
cash wheat market was a factor also In
the rising tide. May travelled between
81 105s and s1.10B; July moved between
81 .03a4 al .037s and s1.O2ss.
While September touched fractional
points between 81 .02 and 81 .00ss, the close
was strong all around with July re up at
81 ON; September &c higher at S1.04,
and May NC up at 10.
Cold weather conditions, believed by
many to have damaged the prospects for
large crop, caused a rush of buyers to
the pit at the outset and corn prices adj
vanced all around, only to be met by
quantities of grain thrown into the pit
by sellers. Under the weight of offering
prices sagged midway in the session. To-
ward the close prices advanced steadily.
Shorts who had been persistent buyers
throughout the session were reinforced by
traders Influenced by continued reports
o fstorm damage. Quotations advanced
from 1Ma1Ae above the lowest point. May
advanced from 5S11c to 6O1sc; July, 61%c
to e3Mc. and September. 63c to s4sc. There
was fair demand for cash corn and mod
crate offerings kept prices 1sc higher.
No. yellow sold at 601s@6o%c. The close
was strong for all the futures, with May
1A01ssc higher at s0c.
Oats early in the day were strong and
followed the subsequent weakness and
final rally of the other grains, although
iIlONiiiB Ill idiiOWci May lidNcicu
between 42c and 43c. Heavy selling caused
the decline and frost fears contributed
largely to the upturn. The close was
strong all around and near to the top.
with May h@Ac up at 427s943c; July. &c
higher at 41Ac. and September. ssc up
at 40c. 4
Distant deliveries in pork and lard made
feeble advance at the start, but the
doings in the grain pit were all that slim
ulated the opening and continued pressure
bore the. whole list down in the pro-
visions pit. The decline continued
| throughout the session and the close was
weak May pork sagged from $21 80 to
$21 80. Final figures for the May products
were: Pork, 32hc off at $21 10; lard TIC
down at 1920; ribs, 171ac lower at s12. TN
| Future quotations were as follows: