Show I I i I I 4 ADVANCE An V ANGE IN WHEAT II EAT HARD TO EXPLAIN Reports of Beneficial Rains Fail to Check Rise in Prices OATS DAMAGED BY DROUTH No Xu Amount mit of ur Subsequent Hahl Can Ca ii Breakfast Food tOl Crop CIOl Up tIll ii to Chicago May 01 a 21 I. Wheat gave e a only recognition at the time start to the tho beneficial rains mItts that drenched d the lie fields In tile the southwest south the lie day n before A slight decline lo to begin with was followed fol foh low lowed d by hy a strong advance and at the time close May 11 wheat wheal at wa was 2 c higher Jill July l lc c up with September about equal In strength to July It would ouid requite an Intimate knowledge of the lie relative standIng stand- stand log Ing of or of the lie heavier JU lra trades IM I'M t lo account account ac ac- ac- ac count for the strength displayed In the theace lace face of tie tho liberal supply of moisture received recel 1 by till thit ceo crop and auth which It was vas supposed was all thai thal was sas needed to lo In Insure In- In sure sur an abundant harvest har Corn was firm and higher all Iho timo active deliveries being from front 4 lo to yc up UI at al the close chose There Theio was ivas a large lm trade c done In oats September being III In particular request quest May Ma Jill Jul July and September each gained c. c Provi Provi- Were him firm throughout and aunt closed with a bullish snap at nt a con considerable a advance Plenty of if Haiti Plentiful showers throughout hout the time west northwest a and nil giving to lo spring and amI winter wheat the mol moisture ture the lie speculators In the commodity think IL L t needs s. s cause caused a weak cik opening Not until mill it was seen thai hat not much was for ale alc at the tIit lowering opening prices did he the bulls pluck up UI courage and anti the th bears to ha have hae e some ome misgivings From about i r e decline In July wheat to commence com com- mence with was a quick recover recovery to o 0 a a about out Vc c higher than yester- yester lays days final quotations If there was nothing else hut but the time rain ill n ii the wa way fl of firmness that apparently lid not count for or as much as It should have lave dour done Decrease In iii tocks stocks however ani ind time the absence of of or time the actual ac- ac ual imal grain by time the holders hol ers of the latter were vt-re easily susceptible of oC an lon Ion nut not goo good for tIme the Interests of or shorts t an ind nd that thai class 0 of lra traders ers was l e evidently in itt the time early part of or the time ses- ses lon Ion to take much rl risk le Damage e in iii Ontario Foreign markets were vere weak and noth noth- in ig chic elte In ha the general surroundings s were enough to lo divert dl attention from crop con conditions The fhe market lad hall a very 11 er strong stron tone In tho hi middle of he the session and sellers w were cre rc hard to hid find I except i at Ut constantly advancing prices The Ontario government report on omi fall wheat was as said aItt to lo be disappointing showing show show- in jog ing more damage than expected ester Yesler- days day's heaviest local sellers were tin the best besl buyers and amid with a strong lead front from that quarter time till crow crowd made haste it to get gel et In with the lie winners th In lii Corn Coin Corn opened easier la and a 11 1 at a slight decline on account of the plentiful rainfall ruIn rain rail fall throughout the lie greater grealer part of or time the western corn growing territory Later there tiler was as a complete change in feeling and considerable strength th when after comparing notes the time larger receivers er ers came cam to the conclusion that the lie large lar movement of corn from the time country that ni many ll hind been calculating upon wa as asvery i ivery very ery unlikely to materialize Offerings in tn tIP time pit lit became VOl very small antI and the tue advancing ad nil tendency enc of or wheat made malle Itself felt quickly Ui Bi Big Demand for Cur Oats Speculative c transactions In oats were of Jar large e volume Prices tended strongly upward up up- wal ward vard aH atter r the first few minutes and the demand for September oats was Immense The Time country s sent nt numerous reports of or damage e already a y done tJ by the time recent drought awl and of or so serious a chara character ter that many i reports said sail no amount mount of or subsequent ruins rains could make of or the time crop anything but a n disappointment to time the growers Pro I Provision Continued heavy Y demand from rout consumers consumers con con- sumers of or time Iho hog products gave C pro provisions visions a good start at a moderate advance a adVance ad ad- vance on the previous Ire days day's closing figures fig fig- tires ures and the time strength of the time grain markets markets mar mar- later hater in time till session helped to encourage en en- courage couras holders Packing in iii the time west for rOI forlie forthe the lie w week ek as reported by the thc Price Curlent Current Current Cur- Cur rent lent was compared d with head hend the time corresponding week of Receipts Re ite- of cured meats again very cry much smaller small r amid ami shipments very ery much lar larger lr than lien last years year's Time The same was true of Jar lard Today's range ranse U of or if Prices I Open I High I low I 2 May Moy 7 I 53 July 83 SI f 15 Sept 79 6 1 79 SIY COH I Open I I Low I Close Chose May IS ti July July 17 1 t 13 17 fj Sept U tS IS fI U OATS OATS- I 01 Open n. n I I Low I Close May 31 33 i July 32 13 33 elf rm 33 d Sept 31 I 31 22 POHl I Open I J I lISh I Low I Close May Muy 1610 1610 Jill Jul IGO 1620 1515 IG O 1565 woi J LARD LAnD I Upen I I low I Close May luy 1 r 1 July Jul Sept F IsiS SM SiO S. S S. tIns I Open I h. h I Low Lo I Close I. I Jul July Sept 90 19 Cash Sales Wheat wInter whiter No 2 red rell 91 1 No 2 hard spring No 1 northern t No 2 northern S' S c. c Corn No 2 2 19 I No 2 white te Hr I 4 l' l No 2 yellow 1 iri 1 I Oats Oata No 2 2 l lC C No 2 3 while whit 31 |