Evening star., 1917-03-09
Grain, Produce,
Cotton Markets.
GRAIN AND PRODUCE.

GRAIN AND PRODUCE.
CHICAGO, March 9.-Sharp advances
| in the value of wheat resulted today from
the government report showing that farm
preserves were the lowest since 1897. Ac-
cording to bull leaders. the report proved
! that the world was confronting the most
| serious breadstuff problem ever known
A general rush to buy was witnessed.
but. on the upturn. holders sold freely to
realize profits. Opening prices, when
ranged from u to "a higher with May
| 161, were followed by a moderate reac-
tion.
Corn like wheat jumped up on account
of the bulliSh nature of the government
, report The farm reserves of corn were
shown to be much below the average
After opening z to X higher. the mar
ket sagged a little, but then again haro-
ened.
In oats, as in other grain. the govern
| ment report had a decidedly strengthen
ing effect. Commission houses were active
buyers.
Announcement that the British govern,
ment had taken control of all the iard
and bacon in the United Kingdom ana
would fix prices tended to weaken the
provision market here. Higher quota''oiis
on hogs failed to act as an offset
Heaviness developed later, the buiis
firing of their efforts to advance Wheat
prices in the face of free reailZihs on
all hard spots. Besides. export demand
seemed in large measure TO nave
come to q halt. and there We're revived
run.ors of cancellation of foreign pur-
chases. The close was weak, % to Y
net lower. with May at 1.S1 y to 1e'fa
and July at 1.56 y to 1.56as.
Later downturn for corn took place
in consequence of the weakness OF
wheat The close was unsettled, at Is
to "a net advance.
Wheat-No. red, nominal; No. red.
nominal; No. hard 1.s9& a2.0o; No. 3
hard, nominal.
Corn-No. 9 yellow. nominal: No: 3
yellow, 1.o9a1.1oA; No. 4 yellow, 1o7a
l1.G9.
oats-No. white soAa621s; stand
| ard. 61a621s. Rye-No. ., nominal; No.
| 3, 15s Barley, 1.o3a1,32. Timothy. 3.15
a575. Glover. 12.0oa1S.o0. Pork, 1920.
Lard, 1885 Ribs. 17.OOa17.4o.
| WHEAT Open. High. Low; Close.
i"iy hy ::.:.::::.: :.:::. i.5sl5 1.ol 15e% 15sls
M,y 1ss5s Ss1 ,.asH dsi 1os,s osss 1,SsA osi,
OATS
Shiy Mny :::: - sa3. 80. s. s.. ss3. sss sas sais
NEW YORK, March s.-Flour. un-
settled. Pork, firm Beef firm: Lard,
steady; middle west. 1s-5oa1s;So. Mo
lasses firm. Lard, steady: middle west,
10.50a19.60. Molasses. firm. Hay, steady.
Hides. steady. Leather. firm.
Raw sugar easy; centrifugal, 5-14;
molasses, 4.27; refined steady; fine gran
"
opened quiet. but became more active
later on covering and buying by com
mission houses, prompted by further
reports of cane fires in Cuba. At noon
prices were 5 to I points higher.
DAIRY MARKETS.
CHICAGO, March 9. Butter - I'm
changed.
Eggs Lower: receipts. 1904 cases:
ffrsts. 26la: ordinary ffrsts. 25ka26; at
mark. cases included, 26a261R.
Potatoes Receipts, q cars; un-
changed.
Poultry-Alive, unchanged.
NEW YORK, March 9.-Butter-
Steady: receipts. 4,5o7 packages; cream
cry, higher than extras, Al Ea42: cream
cry extras (92 scorel. 4oAa41; hrsts'
Eggs Unsettled = Receipts. 12:s26
cases; fresh gathered extra firsts, 81 Y
firsts. 81 y a32: nearby hennery whites.
fine to fancy. 35a36: nearby hennery
browns. 33 12a34
state held specials, 27a271s; do. aver
IaCe fancy, 26s. a27.
Live poultry-Steady: fowls. 23a23h
turkeys. 20a25. Dressed. very quiet;
chickens, 1sa2e: fowls. 17Aa23s: tur-
keys, 1Sa34.
COTTON MARKETS.
NEW YORK. March 9.-The cotton
market showed renewed nervousness
and irregularity during today's early
trading, with attention again divided
between the unfavorable ocean freight
situation and the steadiness Of south
ern spot markets. Liverpool made
steady showing. and the opening here
was 9 to 13 points above last nights
close right after the call. Liverpool
was a moderate buyer on this advice.
but there was further scattered realiz-
ing, which checked the upward move
ment around 1852 for May and 1913
for October. Reactions of or points
followed on reports from New Orleans
that no freight room for March was
availa BILE even if rates were quoted,
and that very little was available for
April
Futures opened steady: March. 1885;
May, 1855: July, 17.44: October. 1857;
December. 1850.
The market turned f1rmer during the
middle of the morning on reports of
continued shipments out of the local
stock and renewed covering by near
month shorts. May contracts sold at
1774 shortly after midday, or % points
net higher. while October worked up
to 1871 making q net advance of about
l6 points.