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Show GOVERNMENT REPORT HAS BULLISH EFFECT After Dull Day in Pit, Wheat Prices Rally at tiie Close. CHICAGO, Dec. 15. The government report was made" public fifteen minutes prior to the close of the session and caused active covering by shorts enlivening enliv-ening another dull day. Prices rallied sharply as a result of the demand, advancing ad-vancing one cent from tho low point of the dav. According to the official statistics sta-tistics the total amount of wheat in the United States If approximately 6.000.000 bushels in excess of the previous esu-1 esu-1 mate, but it had been generally expected that the final estimate would indicate a much larger increase. The market was also bulllshlv affected by advice? from Argentina, which claimed that, harveft operations were being delayed by wet weather. , , Tho market displayed considerable weakness early In' the day. owing to declines de-clines at all the leading grain markets of Europe, and because of continued favorable favor-able weather for the foil -sown crop or wheat In this country. Tho close -was firm at almost tho best ficuros of the day. ivlth May at $1,0541.65 and July at 072c. There was a fair demand for cash wheat at unchanged price.". The world's visible supply, fas shown by Bradstroefs. decreased 3.213.000 bushr.. The corn market was firm the greater part of the day, but the market cased off somewhat late In the session, owing to th bearish showing of the government report, thi closo being steady. The report re-port Indicated an Increase- of about 2o.-000.000 2o.-000.000 bushels In the total crop for 1008, compared with the previous estimate. At tho close prices wero unchanged to J?ic lower, compared with tho final quotations quo-tations of yesterday. May closed at 01c and July at 6Ufl.615e. . Oats were firm early in tho day. out weakened as a result of the showing of the government report, which Indicated an increase of 18.000.000 bushels in the total yield for 1U08. compared with the previous estimates. Cash oats were ilp 5c lower. The market closed easy, with prices l(?8c lower than yesterday's close. The final quotations; on May were 52c and on July ',Tc. Sales by western packers caused moderate mod-erate weakness in provisions, but the market closed easy, with prices unchanged un-changed to 2r lower. Trading throughout through-out tho day, however, was not largo. RANG 12 OF THE LEADING FUTURES. Wheat Open High Low Clse Dpc 00 l.OOi 05 1.001 Ma- , 1.0451 1.05? 1.048 1.05 July ..... ... 07J OS 07 97J Corn- .. Dec 571 5fc niti Mav 0U 62 Oli 615 Julv CIS 62 61? 615 Oats Dec 50- oOfl 40 40 May 52 523 52 52i July 17H 47S. 17 47 j Mess pork, per barrel Jun 15.70 15.75 15.675 15.i2J May 16.075 lJ.!2i 16.025 16.07 Lard, per 100 pounds-Jan pounds-Jan 9.15 0.15 0.125 0.12s May 0.40 0.40 0.S5 0.37; Short ribs, per 100 pounds Jan S.15 8.20 S.15 S.175 May 8.(5 S.50 S.lo S.17& CASH QUOTATIONS. Cash quotations wero as follows: Flour quiet and easy: No. 2 spring wheat, 5L0 ffSl.OG: No. 3. 98c5'S1.05: No. 2 red. 09c $l.l'li; No.' 2 corn. 5S5c; No. 2 yellow. 5855S2c: No. 3 white oats, 49jo2c; No. 2 rye, 74745c; good foodlng barley. 5Sc; 1'alr to choice malting, COrSc; No. 1 flaxseed. 11.45; No. 1 northwestern, $1,454; prime timothy seed, S3.S5; clover, contract con-tract grades. $0.30; short ribs, sldos (loose). $7.S7j9'7.00: mess pork, per barrel. bar-rel. 314.B0'14.621: lard, per 100 pounds. S0.12J; short clear sides (boxed). $S.57JiJ? S.62j. RECEIPTS AND SHIPMENTS. Articles Receipts. Shipments. Flour, barrels 28.800 23.200 Wheat, bushels 61.000 40.700 Corn, bushels 727,200 260,300 Oats, bushels 335.400 220.000 Rve. bushels 5.000 8.400 Barley, bushels 11,000 27,000 PRODUCE EXCHANGE. On the produce exchange today the butter, but-ter, market was steady; creameries. 22ff 30c; dairies. 211i25c; eggs weak: at mark, cases included. 25(g20c; firsts. 30c; prime firsts, 31c; cheese strong, 14$'15c. LIVESTOCK QUOTATIONS. Chicago. CHICAGO. Dec. 15 Cattle Receipts, estimated. 6000; market, steady; beeves. $3.105)7.65; westerns, l3.25g5.G0; slock -ers sind feeders, $2.6054-80: cows and heifers. $1.505: calves; 368.25; Texas, S3.401P4.2S. Hogs Receipts, estimated, 32,000: market, mar-ket, steady; light. $4.90(5.60; mixed. S5.15(S.S0; heavy. $5.20?p5.$0; rough. $5.20 3'5.40; good to choice heavy. $5.40'o.S0; pigs. $3.500 4. SO; bulk. $5.35(fi5.70. Sheep Receipts, estimated. 20,000; market, mar-ket, weak; native, $2.50(4.75; western. $2.50iJT4.70; yearlings. $4.255: lambs, native, na-tive, $I.50' 7. 10; western. $1.50 7. 10. Omaha. OMAHA. Dec. 15. Cattle Itecelpts, 8600: market 1015c lower; western ster?. ?3.506; Texas j-teerfi, S3. 2535; cows and heifers. ?2.50(g'4. 0; cannors, $2K2.70: stockro and feeders. $2.7SJl'5.2o; calvey, 53i56; bulls and stags. ?2.25ft,4.25. Hogs Receipts. 8S0U; market, steady; heavy, JS.Soflp.CO: mixed. $5.30(S'3.I0: light. $5.26?J'5.&0; pit:t, $3.25(3)5; bulk of sales. $5.30(5:5.50. Sheep Receipts. 12.000; market. 10?'20e lower: yearlings, $1.75(25.75; wethers. $4 4.50: ewes, $3.2$4.15; lambs, ?6)7.15. Kansas City. KANSAS CJTY. Dec. InCattle Ra. ctlpts, 11.000; market, steady; atockors and feeders. $35: bulls, $2.404: calves, :t.50ij7: western steers, $3.605.50; west, ern cows, $2.50(5)4.50. Hogs Receipts. 20.000: market, steady; bulk of aaleF. $5?55 60; heavy. $5.555,75; packers and butchers, $5.30(?5.05; light, ?5?i'5.40: Pigs. 5105. Sheep Receipts. 8000; market, steady; muttons, $4115; lambs, $5(0)7.25: range wethers, $406; fed owes. $2.i54.00. Evaporated Fruits. NEW TORK. Dec. 15. Tho market for cx-aporated apples Is flulct, with fancy quoted at SjiffOJc. cholco at 7$a'So, prime at 16-Jg7c, and old crop at 4(&)6c. accord lug to grade. Prunes are a little more active, with quotations ranging from 6!tV to 7c for now crop California fruit up to 40-5o and from 64c to 73c for Oregon 50a to 30s Aprico'M are In lees urgent demand, but prloon are firm, with choice quoted at OjCfOiJc, extra, choice at lOlOJc, and fancy at lljdfisjc. Poaches are firm in ton, with choice quoted at 7Q.7f, extra cliojco at 7S(5)Sc, and fancy at Sialic. Raisins arc pnchaiiged. Looho muscatel arc quoted at 5iigi6c. choice to fancy deeded at r.(fi'7Jc, seedless at 45&6c. and London layers at $L&05'l.iS0. New York Flour and Grain. NEW YORK, Dec. 15. Flour-r-Recolpts. 51.725 barrels; exports. 11,500 barrels. Market quiet and barely steady. Wheat Receipts, 53.000 bushels; exports. ex-ports. 7089 bushels. Spot, steady: No, 2 rod, $1,0641.076 elevator and Sl.OSJ f.o.b. afioat; No. 1 northern Duluth. $1,165 f.o.b, afioat; No. 2 hard whiter. J1.13J f.o.b. afloat. Viirth'T ;evrfi declines wet a noted In wheat today, baaed on British cables, liquidation and the bear pressure- Rallies occurred at noon on bull support, tupple-inenttfd tupple-inenttfd noar tho close by a bullish government gov-ernment report, last prices being net unchanged. un-changed. December closed at ?1.0S?. Mai st $1,101. and July at $1.04. |
