| Show COLLAPSE Of RISE IN WHfATI I I DECLINE OP POUR CENTS IN DECEMBER I DE-CEMBER YESTERDAY I I i Reports That Wheat < Would Start Prom All Over the West to Ch cage Broke the Advance Chicago Dec 10 Wheat at the opening open-ing was I very uncertain quantity It was generally conceded that i was to the interest of the bull clique to allow the December price to settle down to a point where i would be less attractive for country holders to send all their wheat of contract grade to Chicago but because be-cause this was palpable many others expected ex-pected a similar course and there was a weak market < The disappointment over poor response of Liverpool to the advance here had some effect on opening prices The open ins of December was downward but it very soon became very strong again and tooK oniy two steps in recovering from LOCYi to 108 I opened at 107 or the same rlsures as the close the day before I soon became evident that tie price was up not because of any manipulation oy the clique but in spite of their efforts to keel it down Tney tried It a aui however iate In the session and had more succtss December selling on that occasion at 105 May was largely influenced by the course of December It opened lower at 92VUSK Trade was very quiet for the first l minutes during vhlch May kept within the range of 2Mai > At the end of that time some of the buying orders came in together the crowd in the meantime having to short and a rapid rise to 9h occurred in consequence The bull turn thus given to the market did not last long I worked downward after that notwithstanding some other bullish items of legitimate market information in-formation The ordinary market news was principally of a bullish charactr Liverpool advices confirmed those of the day before regarding heavy rains in Argentine There will be practically no wheat to ship from this year Australian crop and San Francisco reported the purchase pur-chase for shipment to Cape Town South Africa of three cargoes of wheat giving corroboration to the news of a continua contnua tion of last years dearth in Australia Tire Atlantic port clearances in wheat and flour were equal to 825000 bushels Continental markets showed more strength and slightly higher prices The market became weak towards the close Report that wheat was going to be started to Chicago from all over the ton t-on account of the high prices prevailing here were circulated and made it easy for the clique to keep the price down December closed 4 cents and May Ic decline I Trading in corn was not important throughout and followed wheat closing only c lower on the day Oats were firm and closed unchanged with the exception of pork there wer almost no fluctuations in provisions Uw close was at a slight decline Trading aecln was entirely I professional The leading futures ranged as follows WHEATNoTh WHEATNO I Open I HIgh I Low I Close Dec I 107 I 103 103 1 Jan 1 94 131 9tl l 95 May 9292Vil 93Vsj91l91Ai 81uir CORN 02 j I Open I High I Low I Close Dec 1 25 25 g71212 S54 May 1 2Sa42S23T802a I i 2S OAT Ko iiI ii-I open IHlghTrClose I i I Dec l 22141 22K1 22 I 221 1I rilr Hay 22022Vi222222 224 MESS FORK Per Bbl I Open THghLw I CloD Clo-D = I = 735 I Jm S2V5 S32 ½ S23 S25 May 4 I e5214 83Y 84734 84744 LARD Per 100 Lbs I Open I Hgh I Low I CloseD Close-D i I 4171h Jm I 43244j 1 433 I 131 1 43234 1a5 45 i 45244 44744 450 = q RIBSPer 100 Lbs L I Open I HiTLow I I CloseD Close-D 1 120 Jan I 421 I 42 420 42234 May 43234 411 I 43244 43234 1 Cash quotations were as foiows FlourFirm WheatNo 2 spring S9S9c No 3 spring S497c No 2 red 101102 CornNo2 2Gc OatsNo 2 22Uc No2 white 25 > 4c No 3 white f o b 3i4T244c 2112lhc Rye No 2 46c Barley No 2 f o b 2G39c Flax SeedNo 1 l1U115 ½ Timothy SeedPrm 120234 Mess Pork per barrel 7r740 LardPer 100 pounds 427430 Short Ribs Sides loose 5415S450 ShouldersDry salted boxed 4ijSc 415c SidesShort clear tbowd 41516 VhlslyDlstiers tinished goods per gallon 5119 SugarsCut loaf J5S9 granulated 524 |
