Evening star., 1916-06-25
GRAIN AND PROVISIONS.
CHICAGO.

CHICAGO. June 24.-Rains that check
ed the harvest in the southwest had a
bullsh effect today on wheat. After an
almost continuous display Of strength the
market closed firm, l to 1a1 y net higher,
with July at 1ooh and September at
1.03a y. Other commodities. too, made
gains-corn, AaH to y: oats, hah to
Buying which resulted from the unwel-
come rains showed conclusively that the
wheat market had been oversold on yes
this morning some trades were made at
slight additional decline, the traces of
weakness quickly disappeared and a gen.
eral buying movement developed instead
milling supplies were low at Kansas City
and that Liverpool was manifestng a
tendency toward increased firmness in de-
ferred deliveries. Another factor which
counted against the bears was a report
that indicated a short yield in South Da-
kota. 1t was said samples from Frank
fort in that state showed root growth
defective and the blades noticeably shriv-
eled
Shorts in wheat covered freely during
the last part of the session after commits
sion houses had absorbed the surplus Of
ferings. There was an evident widespread
desire to reduce open risks rather than to
carry commitments over Sunday, regard
less OF the fact that no present demand
from Europe WAS vas apparent d'9 for United
In corn. IS in wheat. the week end
evening-up of trades helped to make
prices bulge. Besides. country offer
ings were meager. and there were pre-
dictions that stocks here would show
Monday a falling off of more than
100000 bushels.
Oats rose with other grain. Unfa-
vorable crop reports were received
from sections in Illinois. Iowa and In
diana.
Bulls in provisions. who sold out in
the last few DAYS. were trying to re-
instate lines. However. despite weak
ness OF the hog market, offerings dur
ing most Of the session were light Ac-
cordingly, after a brief dip, prices
scored a sharp general advance.
Predictions of a short yield in South
Dakota were effective toward bringing
about an additional upturn in wheat
values. The close was firm to 1a1M
net higher. with July at 1.o0K and Sep
tember at 1.03Z.
The fact that shipments Of corn for
the week from here were 1,023,00
bushels more than the receipts tended
later to induce further advance.
Wheat-No. red. nominal: No red
96a99; No. 2 hard and No. hard, nom
Corn-No, 2 yellow. 75Aa75a; No. 4
40A. -
Rye-No 2. nominal; No. 3. ss
Timothy-5.o0a 90; clover, 7.ooa1a. 90.
Pork. 2350a24.S7; lard. 1902: ribs
13.3oa13.90.
NEW YORK.
NEW YORK, June 24-Flour-Ouiet:
wheat spot steady: No. 1 durum. 111L
No. hard. Liz: No. northern Du-
luth. l.2oA; No. northern Manitoba.
1.24. I. o: b. af1oat; futures nominal
Corn-Spot frm; No. yellow, 81 u.
C. /. I. New York
oats-spot steady; standard. 4sh,
elevator.
Hay-Barely steady.
Hops-Quiet.
Hides-Quiet.
Leather-Firm.
Pork-Steady.
Beef-Steady.
Lard-steady; middle west. ls.25a
1885
Tallow-Quiet.
Wool-Firm.
Rice-Quiet
ENTHUSIASTICALLY.
Butter-Easier; receipts. 1906 tubs:
creamery extras fs3 score). shazsA
creamery fhigher scoring), 3Oa301 u ;
Eggs-Steady; receipts. 1909 cases;
fresh gathered. extra hne. 25a26h: ex-
ira fr 3. 24a24h; hrsts, 22Aa23h ;
nearby hennery whites. fine to fancy
2Sa30: nearby hennery browns. 27a2s
Cheese-Weak; receipts. 4.75s boxes:
state. fresh specials, 15k ais; do. aver
age fancy. l5A a15h.
Poultry-Live. dull: broilers: 25a2s:
fowls. isha1sh: turkeys. 2s. Dressed
firm. broiiers. soa33; fowls. 1sha23
turkeys. IS.
Evaporated apples dull. Prunes
easy. Apricots and peaches Arm.
Ralsins steady.