| Show GRAIN AND PROVISIONS Chicago Xa May rains i in the northwest and reports of a probable heavy beavy frost In that district turned the strength today in the local wheat heat mar market market ket The July option closed at a net gain of Corn was lip up c Oats were up Provisions ons were a shade higher to Sc lower Trading In the wheat beat pit was as not active but the tone of the market WAS strong all allday allday day A slight reaction took place imme imin following the opening because ot of selling by pit traders who were cre influenced Influenced by lower cables and additional rain In hi the southwest The depression van vanIshed Immediately several leading corn com comm m mission houses commenced to buy wheat 1 The upturn was as the result of the report of the weather eat her bureau which announced general rains throughout the spring li wheat heat territory Many of these were to the effect that serious damage e would probably result as 8 the wheat fields of Minnesota ota are inundated Late in the session the market was further strength strengthened cued ened by b a report from lI Minneapolis which said there then was likelihood of a heay heavy frost Crost tonight in Minnesota ota and the Da Dakotas Dakotas kotas The market cl closed strong July Jub opened c lower at sold off to s and advanced to The close was as Despite liberal local receipts the corn market as strong today strong all da daon day dayon on a demand by commission houses and ca cash h buyers Aside from this buYing buring the strength of wheat was the chief bull bullish bullish ish influence The market closed strong with prices close to the h highest of the day July opened c to Me c bidler at c to 4 advanced to c and clo closed ed at Oats were strong aU all day on a good de demand mand by cash houses and aM numerous ye re of dama damage DY by drought TIle The market wu wog alas IO influenced by tM the of grain Tile The bulk of warn U Ia tiN the abe ned ge c to at to 33 c sold d up to c and aDd closed at J c The market was Inclined to be weak eak because e of oC Sc k to tOe lOe decline in the price of live hogs begs There was some liquidation by small holders and a mod moderate crate erate amount of sUing ailing b by local packers Trading was WIlS of small volume At the close July pork was off Sc ic lard was a shade lower and ribs a shade higher I |
