| OCR Text |
Show WHEAT MARKET WEAK, WITH NERVOUS TONE Heavy Selling by Longs and General News of (he Day Has Eearish Tendency. CHICAGO. March 10. Wheat for May delivery declined nearly 3c per bushel on Ihe local exchange today, as a result of heavy sales by several of the loading longs. At the close the net loss for the day was 21 (J? 21c. Corn was up Sc. Oat. were 1c higher. Provisions wore 51il2c lo 15c lower. The wheat market was very nervous all day. The Government report on farm reserves left traders In an undecided frame of mind, but the prevailing opinion opin-ion seemed. to be that the report was an aid to the hears. The market slumped sharply during the first half-hour on quite general profit-taking, but soon rallied ral-lied along with corn. Offerings from commission houses and longs, however, were liberal and prices soon declined again. The market was boorishly affected affect-ed by the weakness of foreign markets and by excellent weather In the Southwest South-west for the fall-sown. crop. Sentiment became extremely bearish during ihe last hour because of active selling by bulls, the May delivery being espoclally heavy. The market closed weak and near "the bottom price. May opened 1c lower to 8c higher, at 958c to 961c. sold oft to 933c and closed at 93&(3933o. Clearances of wheat ad flour were equal to 57,000 bushels. The world's visible supply de-croasod de-croasod 2.300,000 bushels for the week. Primary receipts were 345,000 bushels, against 567,000 bushels on the samo day last year. Minneapolis, Duluth and Chicago Chi-cago repdrted receipts of 301 cars, against 195 last week and 531 one year The corn market was strong all day on active buying by short.s and commission houses. Small farm resorvee. firm cables and light recoipts were the main reasons for the demand. The market weakenod late In tho dav along with wheat, but the close was firm. May opened Ifaie to I'&Sc higher, at 641c to 642c sold at G4gc and then advanced to G52c The close was at C5S?XJ5Jc. Local receipts were 260 cars, with two of contract grade. Trade in oats was light, but the market mar-ket was firm all day In sympathy with corn and because of the Government report. re-port. May opened Jc higher, at 53Zc, sold at 531c and then advanced to p4u. The close was at 53ilc. Local recelp.ts were 397 cars. , Provisions wore weak on account of liberal receipts of live hogs at Western packing ccnicrs. At the close May pork was off otfHic, at $12.07. Lard was down 12!015c. at $7.S037.321. Ribs were 5c lower, at 46.771. Estimated recoipts for tomorrow: Wheat. 28 cars; corn, 11G cars; oats, 191 cars: hogs, 42,000 head. RANGE OF THE LEADING FUTURES. Wheat Sales. ITTgh. Low. Close. May 9G 961 938 932 July 90S 911 89 J 891 Sept S78 88 861 Sbl Corn ... May 64g 652 -W Col J.uly 628 G2ft 62 b2i Sept 61i 613 CI' bll Oais May (old) .. 53? 54 n31 oii May (new).. 511 521 518 12 July (old) -. 15 45i Hi 448 Julv (new).. 432 433 133 -133 ' Mess Pork, per barrel May 12.15 12.17J 12.071 12.073 July 12.55 12.55 12.45 12.45 Lard, per 100 pounds May 7.921 7.92J 7. SO 7.821 Julv 8.15 S.15 S.021 S.05 Scp't S.35 S.35 S.221 S.22J Short RJbs, per 100 pounds Mnv 6.80 0.82i 6.75 6.75 July 7.10 7.10 7.05 7.05 CASH QUOTATIONS, Cash quotations were sis follows: Flour steady; No. 2 spring wheal, $1.0S(g'1.10; No. 3. 98cS1.02: No. 2 rod. 93i9Clc; No. 2 corn. 62.63cr No. 2 yellow, G31i3 64c; No. 2 oats. 528f&'52Rc: No. 2 white, 571c; No. 3 white, 5153c: No. 2 rye. 79c; fair to choice malting barloy. S5(gi 92c; No. 1 flaxseed, northwestern, $1,19; prime timothy seed, $4-75; clover, contract con-tract grades. 20; short ribs, sldos (loose). $0i6.50; mess pork, per barrel. $11.75 11.87'.; lard, per 100 pounds, $7,571; short clear" sides (boxed). $6.506.7u, whisky, basis of high wines. $1.35. RECEIPTS AND SHIPMENTS. Articles Receipts. Shipments. Flour, barrels 41,700 37,000 Wheat, bushels 27,000 S2.100 Corn, bushels 328,200 157,000 Oats, bushels 511,500 279,400 Rve. bushels 9.000 5,000 Barlcv, bushels 70,r,00 24,400 PRODUCE EXCHANGE. On the produce exchange today tho butter but-ter market was steady; creameries. 22(5) 2Sic: dairies. 20?'26c: eggs easy; at mark, cases Included, 1715,l8e; firsts, ISc; prime firsts, 19c; extras, 21c, cheese steady, 121 !g)14e. |
