| Show GRAIN GRAI NAN AND D PROVISIONS Chicago Feb lA sensational slump of near ole per ended a hue deal In May wheat The break k was due to seeming abandonment of the deal Tire The market rallied considerablY on c covering b by shorts but at the close May tay was stIll H c below Saturdays final Quotations July showed a net loss or of 44 The break in wheat prices developed after aCter trading was well weli under wa way TAt At the ln quotations Y were about on a level e r g Saturdays t closing o figures s sin May be in Ins 4 lower to 44 higher at LIS to July was A lower to a shade higher at Uil Durin the first hour there wa to Indicate the ap storm On a fall fair demand from commission houses May sold up to 1 1 8 and July to VU Then without warn ing t the started d to tumble u With in cr it few minutes the dp p price c of the May I option was hammered down to a break or of r Z front from the highest point of the day J I sold off to 99 Heavy liquidation by Wall Vall streets speculators who are arc said to have originally been the possessors of ofa a line ot of May lay wheat estl I i I I I I 4 was the we cause of tIre tho stampede Indications that the May deal had been abandoned b be the biG holders started general s Hing the pit orders heavily Increased the sellin soiling pressure Total sales pr May wheat today by the eastern coterIe are said to have aggregated aggregated gated bushels The decline was finally checked by liberal support from a strong bun bull trader woo who bou bought ht persist around what proved to be the low jOint or of the da day Other bl big houses also came to the support or of the market Shorts took advantage or of the break and covered freely The purchase affected a partIal restoration of confidence and bought about a rally landed the Mo May price at the closing fig Ure JulY closed t The Tue market In general was controlled almost entirely by the course or of the May Ia option Clearances of wheat and flour were equal to bush bushels ls The amount on pasS passage gc increased bushels and the visible supply S decreased bushels Pr m mars receipts wore were bushels corn com compared pared wIth bushels a a year ear Minneapolis Duluth and Chicago report reported ed receipts ot of 7 cars against last week and a year ear ago In sharp contrast to the break in wheat corn dosed closed decidedly stronger ger almost at atthe atthe the highest point or of the day May opened a shade higher at 47 sold be between tween 4 and and closed at Local receipts were cars with 2 of contract grade Late strength of corn hail bad a buoyant Influence on the urice or of oats The mar marro hot closed firm May a shade 1 ro lr e Jt fo lower e to bl I to sold between Q 30 and 31 11 and closed at n Local receipts Were cars Provisions were firm at the start on fair demand from packers but the break In wheat caused a reaction The market however r soon oon became firm again main mainas mainly as a a result of the strength or of corn At Atthe Atthe the close May Ia pork was up at Lard Was up lOc at 70 f Ribs were higher at SO Estimated receipts for tomorrow Wheat 53 cars corn cars care oats cars hogs 1000 head The leading futures ranged as follows 2 I Open I High J I Low I Close M JuI July 99 Sep 8 92 OOk 2044 9 92 CORN o 2 2 I Open I I Low I 1 Close Feb 45 45 1 15 51 I May lay 47 s July 1 Sap 4 It I 2 I II I Open I High i Low I Close I Feb j l 1 u l 1 31 I 1 May 31 31 r I July 1 i Os MESS bbl I I Open 1 High I L LOVi lIa May 1250 1265 1265 I July 1255 1272 1255 5 1 lbs Ibs S I I Open I 1 High I Low l I Close May I t I 7 h July I 1712 I lbs Ibs I O Open en I I High l I w I Close lo J May I I J 1650 July h r 1 I I 1 1 Cash quotations were as follows S 2 spring sprin No No 1 red Corn o 2 2 No 2 yellow 45 45 S 2 2 31 1 2 white M MNo 1 No I white 61 2 2 S S feeding IS 8 fair to choice maltinG Flax I 1 No 1 northwest northwester er barrel lOll pounds Short joose clear ibo d of high winos wines 13 Clover grade crade 1260 I Rec I Flour barrels I Wheat bushels tOO Corn bushels 62 Oats bushels Rye lIve bu helg I 72 I |
