The San Francisco call., 1913-07-18
RECORD RECEIPTS
LOWER WHEAT l-8
Arrivals at Primary Points
of 1,465,000 Bushels
Offset Bulls
Chicago Market Closes
Steady-Canadian Cold
Snap Small Factor

CHICAGO. July 17.-Large receipts
at primary points today acted as an
Offset for bullish sentiment in the
wheat pit Accordingly the market
closed steady at a shade to X under
last night Corn finished with a -gain
OF 1-16c to y @ssc, oats up 4 &c to sc
and provisions showing an advance of
1oc to 25c.
Arrivals of wheat as reported from
the extraordinary total of 1865
bushels. The highest previous aggre-
gate for "a hours was 100000 bushels
and was the result of unusually active
shipping stimulation by fear of reci-
procity with Canada.
The receipts, which contrasted with
especially liberal in the northwest.
where the crop outlook was reported
good and the chance OF rust damage
was said TO be fading away. Seaboard
clearances of wheat and flour were
small. equaling e79.000 bushels.
Considerable strength developed in
the wheat market early in the session,
owing to Canadian adyices of unsea--
sonable cold and because or improved
flour business in Minneapolis and of
export buying in Kansas City.
All of the gains gradually disap-
peared and before the close there was
a, net decline all around, Influenced in
part by the material subsidence of the
bulge in coarse grain.
Holders Of corn indulged in heavy
realizing sales Complaints of crop
losses southwest had carried the mar
weather in Kansas and Nebraska made
owners cautious, Notwithstanding there
The oats market was governed
almost wholly by the action of corn,
reacting noticeably after decided ad-
vance.
There was a broad speculative trade
in provisions, with excellent cash de-
mand. An advance in the price of
hogs kept the market on the up grade.
Hutton'S Chicago Advices
"wheat-Extremel narrow market
for wheat today Prices have fuctu-
ated over a range of but little more
than &c and the volume Of business
was small Some of the cash houses
say that country offerings have
stopped. while others report that they
this time of year. One of the leading
cash concerns here voiced the views of
several in saying that the buying field
for Chicago today was limited to cen
tral Illinois, northeast Missouri and
Nebraska as to the east, while Toledo
was outbidding Chicago in Indiana and
st. Louis outbidding in most of Mis-
souri,. The export demand for wheat
continues fair. but bids have been be-
low the market today and no business
was closed up to the closing of the
exchange. There have been resting
commission orders a fraction under the
market today Export clearances were
. light today at 249,O00 bushels OF wheat
and -four as wheat. The weather is
fine in the northwest. Experts sent
out to look for rust find little and say
it is too late for much of the wheat
to be harmed.
"Corn-Hot weather beyond the Mis-
souri, river and numerous complaints
of crop losses in that section made
higher market for corn today. Longs
supplied all wants, values reacted to
very near yesterdays closings and
there was no demand to carry on the
campaign for higher prices. Late ad
vices show the weather is a little
cooler IN Nebraska and Kansas. and
although no rains are forecasted, the
trade IN inclined 10 be cautious.
"Oats have followed much the same
general course as corn. There Were
b. advances early, effected by the hot
weather in the corn belt, but there
was considerable reaction on profit
taking sales by the longs later.
Provisions have ranged higher
There was a fairly good commission
call early, which helped the list. The
strength of corn also induced little
local speculative call for provisions"