Evening star., 1917-05-16
GRAIN AND PROVISIONS.

GRAIN AND PROVISIONS.
CHICAGO. May 16.-There seemed to
be no bottom today to the wheat
| market. Lack of support was SO evil
| dent that prices made almost a sheer
descent of 10 cents a bushel. Under the
emergency regulations in force, the
only possible buyers would have to be
shorts. but the demand from this
source appeared to have been satisfied
either through sufficient purchases or
because of belief that values would &c
ranged from 2 to Is lower. with July
at 2.35 to 2.40 and September at zoe te
2.13. were followed by setbacks re-
! spectively to 2.25 to zoo. with only
transient intervening rallies of 1 to o
Before the first hour of the session
further. dropping below 200. and sell
ing at 1898, an overnight fall of % a
bushel.
Corn and oats dropped with wheat
The warm weather favorable to CROP
development. tended also to increase
bearish sentiment. Corn. after opening
4 to rs lower. descended to s or
more under yesterdays finish. oats
meanwhile fell about 3. Trade in both
corn and oats was of moderate pro-
portions.
Absence of demand weakened pro-
visions. Offerings. however. were not
large.
July wheat tumbled even farther than
September and touched 2.18. a loss OF
24c Fear Of government action in fix
ing a permanent legal maximum price
was said to be to some extent bear.
ish influence, and so. too. was ideal
weather for the growing crop. One OF
the largest elevator companies. how
ever. absorbed the offerings at the ex,
treme low point and caused a decided
rebound in quotations. The close was
firm at s to IA net decline, with July
at 2:3O and September. 2.o7.
Subsequently upturns in the corn mar
ket took place. when wheat developed
some power to recover. Besides. 1t was
said that much replanting of corn
would be necessary as result OF re-
cent close The close was nervous at q
setback of 1 to ~ net.
WHEAT Open. High. Low. Close
September s i;i''::':: .:..: 5os IS Els ias 2.o7
ssis ss5,.as.r Ii La 1sss 1.s 1.s" 1siS 1ssS
OATS
se1s September ::::: s. ST. sss sss sss ssA g g
NEW YORK. May 1e.-Lard-Easy;
middle west. 22.S5a22.s5.
Hay-Firm: No. 1, 1.25: No. 2. LIS:
No. 8. LOS: shipping. 90a95.
other articles unchanged.
Raw sugar steady; centrifugal. 6.o2:
mOIaSSeS, D-14
granulated, 7.50aS50.
Futures opened easier today under
continued liquidation by outside inter-
ests. Prices at noon were to 8 points
lower.
Special Dispatch to The Star.
BALTIMORE. May 16 Il pm. quota
tion).-Wheat-Weak spot No. red,
No 2 red. sos: steamer No. 2 red, 2.ss:
receipts, 57,734 bushels: exports, 92,400
bushels.
Corn-weak: spot contract, III: May.
III; receipts, s.o17 bushels: exports
221.309 bushels.
oats-Easier; standard white, 77h
asked: No. 3 white. II asked: receipts,
147.oS5 bushels; exports. 424,2s1 BUSH
els
Rye-Unsettled and slower; No.
western export. 2.20 bid; receipts, 49,
S37 bushels
Hay-Steady.
DAIRY MARKETS.
CHICAGO. May Butter Un-
changed.
Eggs : Receipts 1898 cases; un-
changed.
Potatoes - Higher: receipts, s cars:
IDAHO. Colorado. Oregon and Washing
ton. 2.9oa3.15: Wisconsin and Michigan,
2.75a2.e0.
Poultry. alive-Lower; fowls, 22A.
NEW YORK, May 16.-Butter-Firm:
receipts. s,e2s packages Creamery.
extras (92 score), 80: firsts, 3ShaSs:
seconds, 3eHa3s.
Eggs-Firm: receipts, 2s.6sa cases.
Fresh gathered. extras, 37ha38: fresh
gathered. storage packed. firsts. 36ha
81; fresh gathered. firsts. 35as6k: !:
state, Pennsylvania and nearby west
ern hennery. whites, fine to fancy. 37h a
SO; state, Pennsylvania and nearby hem
merry. browns. 37ha3s.
Cheese-strong: receipts. s,7s7 boxes;
state, fresh specials. 81; do. average
run. 26ha26A.
Live poultry-Unsettled; no prices
quoted.
Dressed-Dun and weak; chickens,
24a30; fowls. 20a251s: turkeys. 1sa35.
COTTON MARKETS.
NEW YORK. May 16.-The cotton
of / to is points today with near
months relatively firm in response to
firm cables and a more optimistic view
Of the submarine situation. With the
map showing higher temperatures this
morning, and with the forecast pointing
to generally warmer weather. the OPEN
ing advance met considerable cotton.
however. and prices eased Off after the
call July sold OF from 1887 to 1912
and October from 1925 to 1910, or
D
opened steady: May. 1904; July, 1875;
October. 1925: December. 1894; Janu-
airy. 1881.
Trading continued very quiet later
and the market showed little feature
until after the publication of the week
ly weather bureau report. This evident
ly made a bullish impression on senti-
ment and there was furry of covering
or fresh buying. which sent prices
about to points net higher, with
July selling at 1884 and October at 1925
shortly after midday.
NEW ORLEANS. May 16.-Better
cables than due caused moderate buy
ing around the opening of the cotton
market here today. on which prices
went to 6 points above yesterdays
close At the end of the first half
hour of trading prices were to 6
points under yesterdays finals. Fu-
lures opened steady: May. 1890; July.
1911: October. 1857; December. 1859:
January. 1873.
The market did somewhat better to-
ward the time for receiving the weekly
crop accounts from the government,
and when they turned out even more
unfavorable than expected. in their
mention of the effect on the crop of
the abnormally cold weather of the
last week, prices stiffened. Toward