The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1912-04-12

excitement ove reports Of damage to
growing wheat. especially in Illinois.
The market closed easy at prices vary
ing from 1-S@1-4c lower to $50
with a net gain of IA to 1-4@3-sc.
oats 1-2c to Use highen than last
night, II provisions slanting from
unchanged figures to Z 1-2@1Oc de-
clinic.
Excited Over Crop Damage.
Crop damage excitement was at
white heat most Of the day as a re.
suit of dispatches sent by special in
vestigators. who had gone from Chi
cago to sections Of Illinois that had
been reported as exhibiting the worst
effects OF winter killing to wheat sown
last fall. A hundred miles each way
from Picking along the Illinois river,
word came that nearly all the fields
were dead, the only exceptions being
on some Of the sandy land planted
with the best hard variety of seed.
Opinions from Springfield were that
the Central Illinois would not raise
this year more than SO per cent of an
average yield. Bad conditions were
also heard from Ohio inc Indiana,
with considerable doubtful acreage in
Kansas and Nebraska. 1t was at the
height Of the bulge in wheat prices
tina staggering amounts of May de-
livery were put on sale. There was
also much realizing in the later
months. due in part to the excellent
pn9ian r,n, In consequence the July
and h close had sold up from
s1.o0 Ia to s1.o2, finish with only
IL 5-8 of h days advance ut
800 7-S@$1.O1.
Corn Makes New Market,
Despite the fact that many longs
reduced holdings of corr and went
into wheat and oats the first named
cereal surpassed previous high marks
of the year. Undiminshed demand
southwest counted strongly for the
bull side. The volume of trade here,
though was materially cut down, and
the feeling in the main nervous. July
ranged from &c 5-Sc to ~ 3-Sc, clos
ing at NC even, a rise of 1-4@3-Sc
net. Casch grades were firm. No 2
yellow by sample was quoted at 500
so 1-2c.
July and September oats today
touched the loftiest prices witnessed
IN april during the recent Years..
shorts We're agitated by the outlook
that new cats his season would not
be available for delivery on July con-
tracts and tina a squeeze in that op-
ton would be difficult to avoid. Out
side limits reached for the future
named We're 81 Ia @3-Sc and So ga
q 7-Sc. with the last sales Use net
higher at So IA $3.50.
Hogs Weakening.
In h provision pit the effect of
grain strength co%unteractcd to a large
extent but not altogether the weak
ness of he hog market. When the
last gong sounded. pork was off SC
to LEO Oc but lard and ribs were
virtually the same as "a hours be-
New York Stock Market.
New York, April 12.-Price move
ments were somewhat conflicting in
the stock market, this feature conduc-
ing to more or less ir~regularity during
greater part Of the session. Some
OF the standard railway shares were
decidedly strong. Canadian Pacific
rose over five points following it's adj
vance of three points in London.
Eries were strong abroad and in
TINS market probably in connection
with a statement of a leading official
or a road which ave some counten-
ance to rumors Of a traffic alliance
with Canadian Pacific. Lehigh VAL
ley and Pennsylvania were under
pressure. which made Readings rise
TO a new high level for the present
movement the more irreconciliable.
Atchison. st. Paul and New York,
New Haven and Hartford manifested
declining tendencies.
ock Island and some of the SOUTH
western railway shares took part in
the rise of the transportation cur
ties. see"''
In the industrial division the weak.
est feature was Colorado fuel. hut
gains were the rule, although they
We're largely confined to the more
inactive issues, such as American can.
American linseed common and pre-
1erred. Union bag and paper,. Ameri-
can oeet sugar and quick silver min
points. W Ao"'
The coppers, which moved slug
gishiy IN the early part of the session
later became more prominent with a
new nigh record for Chino.
United States steel moved within
a one point range. Some further in
sight into the condition Of the steel
industry was furnished by the report
OF the Lackawanna Steel COMPANY. an
important Independent concern. for
the quarter ended March 80 last. M
income for that period after the usual
deductions. decreased over $500. OO0
with a deficit of $4,000.
The market became dull in the
early afternoon but in the last hour
there was a renewal Of activity to the
accompaniment of marked declines
The movement later took in a number
Of less important stocks, inciudins
Missouri Pacific. National lead and
other securities recently subjected to
pool manipulation. The closing wal
heavy n dull.
Call money touched four per cen,
again today but demand was lirht
Time rates were practically unchang.
ed with some increase in offerings 81
commercial paper.
Bonds were irregular with a declin.
ing trend. Total sales par yaiu,
amounted to $2.6e2.O00.
.. s. government bonds were un'
changed on call.