Evening star., 1917-04-10
Grain, Produce,
Cotton Markets.
GRAIN AND PROVISIONS.


was said to have Influenced a sensa-
tional break in prices on the board of
trade at the opening today. Part OF
the initial loss was subsequently re-
covered Wheat declined cents anu
provisions from 55 cents to $1o5
May wheat, which sold at $2.15 last
Saturday, added cents to yesterdays
decline by dropping to s202 on the
early sales. July sold at $3.50 and Sep,
tember at s1.651a. July corn declined
SC to s1.22. July pork. which closed
yesterday at S37.35 barrel. declined
sI55. July lard dropped $3.50 from
the previous final figures of 5000.
July ribs lost 55 cents.
Sensational breaks in the value OF
provisions pulled down with crash
today the corn market and then al
most instantly wheat and other grain.
Powerful advocacy of radical steps by
the government to control meat and
food prices was the chief factor in
bringing about the collapse of the
whole series of board of trade markets.
A general rush to sell found the diff
gressive support, and there was soon
condition bordering on panic in the
provision pit, where pork made an al
most sheer descent of s1.55 Other ex-
treme losses were to 5R cents in
wheat and corn. More than half OF
the setback in cereals was afterWard
recovered, but provisions showed much
less power to rally.
prise and, before they could get their
bearings found themselves overwhelm-
ed with stop-loss orders to sell.
Every other factor except the de-
mora liZation in corn and provisions
was for the time being lost sight of.
Opening prices, which ranged from 4
to 2ia lower. with May at 2.05A to
2,os'2, and July at 1.s21s to 1:SsH.
were followed by drops. respectively.
as noted in the foregoing, to 2.02 and
1.S0 and then a partial recovery.
Corn plunged headlong down grade at
the very outset. For some time aft
erward the excitement was at such a
pitch that prices frequently varied half
Il cent between almost simultaneous
sales. Initial quotations, which were
q to lower. were succeeded later by
a fair degree of steadiness at about
above the early low point.
Butter-F'irm: creamery, 3Sa44.
Eggs higher-Receipts, 43,S40 cases;
firsts. 31a32; ordinary firsts. 3oa31; at
mark. cases included, 2S Y sa3l Y.
Potatoes-Lower receipts. thirty-nine
cars: Idaho, Colorado, Oregon and
Washington. 2.s5a3.0O; Wisconsin and
Michigan. 2.75a2.S5.
Poultry-Alive, lower; fowls. 2212;
springs. 22i2-
NEW YORK, April 10.-Flour-Strong
spring patents, 10.65a10.9o; winter pat
erts, 10.30a10.55; winter straights, $50
a1o.15; Kansas straights. 10.65a10.90:
Pork-Strong: mess. 1000: family,
41.00a43.00; short clear, SS.00a.41OO.
Lard-Firm; middle west, 21.90a22.00.
Other articles unchanged.
Oats displayed relative steadiness COM
pared with other grain. The market, how
| ever, was relatively neglected. Declines
did not much exceed l cent.
Notwithstanding that hog prices had
risen this morning to new record break
l i,T,pr fJyr1r cir rlraf
to tumble as soon as trading opened. First
sales varied from cents to so cents low
er, and from then on the downward swing
was of nearly unprecedented rapidity.
tinued extraordinarily nervous.
Butter-Strong, receipts. s.241 tubs;
creamery higher than extras, 451sa4S;
creamery extras ts2 score). As; f1rsts.
4S y aa44 u: seconds. 41a43.
+ Eggs-Strong; receipts. 34,013 cases
fresh gathered extras, 34ha35: fresh
gathered. storage. packed. 33% a34k;
fresh gathered, firsts. 321a331s; state.
merry whites. fine to fancy. 35; state,
Pennsylvania and nearby hennery
bornsw, 341Sa35.
Cheese-Irregular receipts, 6,422 boxes
| state, fresh specials. 25a251s do. aver
age, "a a25.
Live poultry-Firm: no prices quoted
Dressed firm; chickens, 22a2s; fowls,
201a a26; turkeys, 1Sa34.
Special Dispatch to The Star
| BALTIMORE. April 10 q pm. quota
Itions).-Wheat-U spot No 2
red. 2.27: spot No. 2 red western, 2.31;
| red. 2.O9; receipts. 75.o7s bushels.
! Corn-Firmer; spot contract. 1.371:;
| April, 1.3712 receipts. 14l,915 bushels;
! exports. 99,606 bushels.
| Oats-Easier; standard white, 76a
76l=; No. white, 75a751s; receipts,
| 39,043 bushels.
Rye-Easier; No. western export
l.S6; receipts. 50,6S5 bushels.
| Hay-Steady.
| Grain freights-No quotation,
COTTON MARKETS.
NEW YORK. April 1o.-Cotton futures
opened steady; May, 20S5; July, 2O.S0:
October, 1920; December 1885; January,
1898.
The cotton market showed renewed
firmness at the opening this morning,
| first prices being steady at an advance
of Is to 80 points, with May selling at
20.S5 and October at 1927 on the call.
Buying was stimulated by relatively firm
cables and prospects for a renewal Of un-
settled weather east of the river. but the
prices soon turned easier under selling nv
Wall street and local longs. May eased
off to 20.54 before the end of the first
hour. while October declined to 1899. or
Is to u points net lower. Private cables
attributed the firmness of Liver
pool to continental buying of both old and
new crop months.
| NEW ORLEANS. April 10.-The market
opened steady. Opening bid: January.
1895: May, 1926; July, 1880; October
! IS. .S4 asked; December 1889.
The cotton market opened in an ir-
regular way today, prices showing
gains of from u to "a points around the
| first call. The stimulating influence
was good cables. Temperatures over
| the belt also were considered too low
Realizing by longs met the improye-
ment and at the end of the first half
hour of business the trading months
were unchanged to points down, COM
pared with yesterdays close.
After the early break to 2O.4o for
May and 1890 for October. or about 10
| to 20 points under last nights closing
] figures, the market became quiet and
was steadier late in the morning
The reaction carried the market to
a level to &c points under yesterdays
close, some selling developing on ex
pectations of rain in Texas Toward
noon the market had better tone
standing 1T a net advance of to 7
points.
CHICAGO LIVE STOCK.