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Show NttucU KAINo hkm Ui GiltAn til mmmu Hulls Vainly Try to Stem the Tide of Selling That Follows Fol-lows Wet Weather. CHICAGO, May 83. Wheal prices broke more than 2c per bushel on the board of trade today because of tho enormous enor-mous realizing sales, which were based 00 general rains throughout Nebraska and Iowa The market closed weak, with ! tho July option showing a net decline of 802c. The September delivery was 'down l.'lEc July corn was down J. Hie. Uats wen- Jc lower, and provisions weie 7Jc to 13Je lower. TJe wet weather In the West BWatnped the wheat market with s. Iling orders When trading began, and opening quotas ; tions showed sharp losses, prices ranging all the way from ic above to iji. below In closing figures Local and outside longs were free sellers, and there was a considerable selling for short account. Whih heavy rains had fallen in Nebraska and Iowa, the Kansas Crop, according 10 early reports, was still without moisture. Later in the day, however, advices from Kansas City claimed that reports from several points In Kansas stated that the much-needed rain had made Its appearance. appear-ance. This was the signal for a renewal of the bear raid on the market . which carried prices down with a rush. July. sellliiK off to 9Sjc. September t. 993c a. id December to 81.001, The bulls throughout 1 the entire day made strenuous efforts to bring about a 1 ally, but 1 heir ; 1 tempt proved Ineffectual until within hall an i hour of tbc 1 lose, when, with the aid of shorts, price;; were raised mote than le above the low p"it of the day Much of tiiis buying by shorts was due to a cablegram cable-gram which asserted that the wheal crop of Roumania was a total failure, owing to drought. ' The last ii, minutes of trading v.it-nessed v.it-nessed another sharp break ii: prn es, due to renewed profit-taking. A d dine of more than ic per bushel In the price of cash Wheat at Kansas City helped to cauei this una! break. The market olosi d weak. July opened lc higher t. Ific lower, low-er, at $1.00 to $1,011, sold off to 98c and liose.l at 991?i99i!c September opened to ii- lower, at $1.02 to $t.u:;. declined t 991c and dosed at $1,004 U 1.008c Decern -tiei opened tc to ljc lower, at $1.02J to $1,031, dropped to SI. 00 to $1.00. and Closed at Sl.Ol 2. Clearances of wheat and 11 were equal to 185,000 bushels. Primary t-..ipls wen- .',:;;:. ofin bushels, compared with 386,600 bushels the corre spondlng day a year ago. Minneapolis, 1 mint h and Chicago reported receipts of 314 ears, against 41J last week and 13 1 a v. ST ago. The genera rains in Nebraska and Iowa brought out liberal profit-taking in the corn mark. . and caused a dedh f about p-r bushel in the pil of com. The dose was weak. July opened 10 lc to Hf, ljc lower, at 52c lo y.:t-. sold off to 524c and dosed at 621c. Local receipts were 111 cars, with 48 of contract grade. The wet weather In the West bud a surprising effect in the oats market, and paused a decline from lc to per busht I July op. tied unchanged to if.- lower, ai k; to i7ic, sold off to botweerj 16io and 174c. and Closed at 17c. LoosJ te-ceipts te-ceipts were 7 cars. There WSS little tracing in provisions, and the market wis v.eak because of continued liberal v.r. moelpts and (he slump in Ki. in Al the !.?- July pork was off L2c at 816.521; lard was down 71c flt $9.15. and rios were 74 010c lower, ! at 88.90. Bstlmated receipts for tomorrow: tomor-row: Wheat. 15 ears; .0111, 171 cars; oats. ! 109 cars. RANGB OF THE LEADING FI7TDRB4, Wheat ripen High. Low Close. May 981 .98J .061 .974 July I.013- 1.01 .9R3 .99j Septc-obrv . ... l o." . C; . ;i;cj I.OOg December . ... 1.034 1034 l.ooj l.oil Corn May 541 .641 .-".3j .631 - July .631 .52 .621 .631 Sep;. .mber 51 .51 .53 .5J3 Oats-May Oats-May 17 .I7i .17 .47i July . 47 .17 .16 . 17 Septembt r 11 41 .394 .391 Mess Pork, per barrel Juh 16.66 16.55 10.50 16.631 September . ...16.76 16.75 16.70 16.70 Laid, per 100 pounds - ! July ,9.174 B.80 9.15 9.15 September . ... 8.871 9.371 9.80 9.30 Shorl Ribs, per 100 pounds--- . July 8.9?1 x.!'5 S.f.o R. 90 September . ... 9.10 1.10 0.08 9.05 CASH QUOTATIONS. Cash quotations were ns follows: Flour steady; standard hard spring patents, 16.00, No. " snrina wheat, 96c01JU; No. I 2 red. 8710981c. No. 2 corn. 5310631c; No. 2 eow. 53i'f54c. No. 2 oats. 13c; : No. 2 white. ;7ic; No. 3 white. 4610 17c. No. 2 rye. 84'a!S7c Fair to choice molting barley, 75079c. No. 1 flaxseed, No. 1 Northwestern, $1,861. Prime 1 1 ' mil v seed. :! r,n. crtcr. contract :?i.-...-s 1816.26. Sloui ribs Bides, loose, $8.681 1 8.871. Mess pork, per barrel. $16 31 1 Q ; 16.50. Lard, per 10u pounds, ?9.05. t')', clear sides, boxed, 94ft 9ic. Whiskey, basis of high wines, $1.29, RECEIPTS A N 1 SHIPMENTS. Rei .-irts. Shipments I Flour, barrels 70.000 15,000 Wheat bushels I8J 1 3.000 Corn, bushela 82, ) 130, Mats, bushels 388,000 249,000 Rye, bushels 8,000 Barley, bushels- 30.000 3,000 PRODUCE EXCHANGE. On the pToduce exchange today the butter but-ter market was firm: creameries, I8023i ' dairies. I7ffn21e. Kggs . isy: at marl:. cases included. 14c: firsts, 141c; prime i firsts, 164c Cheese easy at I3014c. |
