Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-07-09
GRAIN AND PROVISIONS.

JULY y, l9I!
GRAIN AND PROVISIONS.
CHICAGO. July a.-Owing to Pres1-
dent Wilson'S embargo proclamation;
all food and fodder markets showed
noticeable weakness today: For tne
most part, however the effect was oni!
of transient character.
Dry. hot weather southwest fende1
to rally corn prices from an initial
setback. There was also lively buying
on the part of many traders, who con-
tended that the embargo would nave
practically no lasting influence. as the
demand ANYHOW for corn would ex
coed the supply. and the amount OF
corn actually exported to neutral
countries was relatively small. open
ing quotations, which ranged from -
to Il. lower. with September at SIS =
to 1861 and December at l.l6a tc
1.17A. were followed by further de,
scent in some asses. and then eenerai
upturn to nearly Saturdays finish.
Depression in oats soon disappeared
when corn turned upgrade. There was
gossip that the embargo proclamation
probably would to some extent heip 10
relieve the ocean tonnage situation by
forcing neutrals to assist more freely.
Wheat trade was reduced to next 70
nothing, pending assumption OF run
government control of the market:
September opened ! lower at l.9j. and
later sold at 1872.
Provisions took downward swing.
mainly as result OF lower quotations
on hogs. Lard especially was heavy:
A liberal increase over last months
estimate Of the 1917 yield was expected
to show by the government crop report
today. and the guesses turned out cor
rect Prices closed unsettled. 81: to y
net lower. July, 2.O2t., and September.
1905.
~. Wheat Open. High S1 Ic s,i. sss;::
September Sep, 49,. 1sa 1.as 1901 1901.
Corn
T n:s:%%:s La. 1i is: Lar La. Id,
Oats
s ss's 9. .is &c. s; ~ 81
NEW YORK. July 9-FIonr-Stesdy:
spring patents. 1l.65l1.90: winter patents.
/ goa .65: winter straights. lo.9oa1l.1a;
Kansas straights. ll.6oal1.9o
Pork-Steady: mess. 42.ooa42oo: fam
ily, 43OOata 90: short clear, A2.00a43.50.
Iard-Dull: middle west 20.50 nomi-
nal.
Hides-Quiet: Bogota. 43t2; Central
America, 4212.
I.eather-Firm; hemlock hrsts, 81;
seconds. 50.
s3s: molasses. 5.45; refined steady:
cut loaf 900 crushed. SIS: mold A.
500; cubes. S.25: '%NXA" powdered
40; powdered. 7.63: fine granulated
and diamond A. $50; confectioners' A.
40; No. /: 7.335.
Futures opened easier under liqui-
daton and selling by trade interests
and houses with European connections
At noon prices were to points net
lower.
Special Dispatch TO The star.
BALTIMORE, Nd. July ? q pm quo
tations) -Wheat-Dull and lower spot
red soft. 2:23; spot red winter 22';
receipts. $3.50 bushels.
Confirm spot contract. lsSla re-
ceipts. 1860 bushels.
Oats--Easier standard white. i9ai9 y
No white. 1Slaa19: receipts, l"3'3o6
bushels
Rye-Easier; old Nol western export.
235: receipts 10.334 bushels.
Hay-Easier: No. timothy. 19.50a
210O: new clover mixed, 170oa17.o0.
Grain freights-Not quotable.
COTTON MARKETS.
NEW YORK. July Am opening ad-
vance of to 35 points met good deal
of realizing In the cotton market to-
day. with October selling off from 2609
to 25.95 after the call Other months
showed similar fluctuations. and senti-
ment seems to be unsettled by the gov
ernment's action to control exports, but
the market very soon firmed up again
on covering and scattered buying. OF
ferings We're very light after the early
setback, and before the end of the first
hour October had sold al 26.16 and jan
uary' at $685.. or % to 20 points net
higher. The continued absence of rain
in the southwest, steady Liverpool ca
bles and peace talk based upon the re-
ports of political agitation in Germany
were the factors on the advance.
Futures opened steady; July. $3.50;
October. $500; December, $3.50; Janu'
AIRY. $3.50; March. 26.40.
Offerings continued very light. and
some stop orders were uncovered on the
advance, which carried the active
months about s. to SO points net higher.
Around 2646 for October and 26.72 for
January the buying became less active.
and the market turned easier late in the
morning as result of realizing. The
statement attributed to the German
chancellor that there could be peace
with annexations and indemnities for
Germany may have promoted profit
taking, but after reactions of Is 3
points the market steadied on the re-
ported high temperatures in the south
west.
NEW ORLEANS. July 9.-Cotton rose
81 to "A points in the first half hour of
trading herestoday on demand re-
sulting from the lack of rain in the
western half of the belt. Trading was
professional in character and offerings
were very slender. allowing moderate
demand to have more than the usual
effect.
Futures opened steady. July. 1924;
October. 25.2S: December, 25.45; Janu
airy. 1856: March. 1913.
Peace talk and the idea that export
embargoes on other commodities might
have the effect of increasing foreign
shipments of cotton increased the de-
mand. In the trading up to noon the
advance was widened to "a to 68 points.
DAIRY MARKETS.
CHICAGO. July 9-Butter-Higher;
creamery. 34a37I4.
Eggs-Steady. Receipts. 1921 cases.
Firsts, 31a311a; ordinary firsts. 2SHa
2911: at mark, cases included. 27a31 u.
Potatoes-Higher. Receipts % cars.
Virginia. barrels. 6.75a7.00: California,
2.60a275: Arkansas and Oklahoma.
2.40a250
Poultry-Alive. lower: fowls. 1871.
NEW YORK, July 9.-Butter-Firmer;
receipts. 9.S25 tubs: creamery. higher
than extras, 3912a40la; creamery extras
(s2 score). 3SA; firsts. 3Sa39; seconds.
SO y a3712
Eggs--Irregular: receipts. ,6S4 cases. |
Fresh gathered extras. 31a3S: fresh
gathered storage packed firsts, 3sa361a |
fresh gathered firsts. 341.a3512: sec |
onds. 3o1aa34. State. Pennsylvania and |
nearby western hennery whites fine to |
fancy, 41a42: state. Pennsylvania and |
hennery browns. ISAAC.
Cheese-Firm: receipts 2.s14 boxes. |
State fresh. specials, 24a24A: do, aver
age rum. 23A.
Dressed poultry-Steady: chickens, IS
a26; fowls. 1Sa25 Il; turkeys. 1Sa32.