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Show FOREIGN INFLUENCES MAKE WHEAT WEAK Liberal . Exports From Argentina Argen-tina and Australia Cause of Bearish Tone. CHICAGO, Jan. 22. Liberal exports for the week from Argentine and Australia were largely instrumental in creating a weak tone In the wheat market here today. to-day. At the close prices wore 1c higher to H'ffijc lower. Corn closed firm, oats steady and provisions weak. The movement of wheat from Australia and Argentina to Europo was the chief subject of discussion among traders on the local exchange prior to the opening open-ing of the session, and as the weekly shipments -were again extremely liberal sentiment in the pit was bearish when trading began. The total shipments from tho two countries aggregated 5.440.000 bushels, compnred with 4.760.000 bushels the corresponding time a year ago. Although there was considerable selling sell-ing pressure manifested throughout the day, prices made only slight declines, owing to moderato support given by leading lead-ing bulls. Tho news of tho day waa almost al-most entirely In favor of the bears. Reports Re-ports from India claimed that the drouth In parts of that country has been, broken, while In the United States rains wore general over tho winter wheat belt. Tho continued light movement In the northwest north-west was about tho only factor from which the bulls could derive any satisfaction. satis-faction. Tho market closed easy, with May at $1,053 and July at 972c. There were moderate advances in the price of corn. The market closed firm, with prices up lc to itic. Final quotations quota-tions on May were 62a62ic. and on July C2Ec. I Oats moved within narrow bounds, but 1 the market exhibited considerable firmness, firm-ness, the prices at the closo being unchanged un-changed to Ac lower, with May at 52c and July at 46!c. The feature of trading In provisions was the bidding up of January pork to $18.00 by excited shorts. There was free selling of the more distant deliveries, deliv-eries, tho hulk of which was credited to local packers. Late in tho session pork lost all of Its early strength nnd the market closed weak, with prices 625c lower. January pork closed at 517.25. RANGE OP THE LEADING FUTURES. Wheat Open. High. Low. Close. May 1.07S 1.07S 1.072 1.072 July 975 9S 972 972 Sept 94S 942 911 94S Corn May 623 62fl 621 621 July 621 022 622 62 Sept 628 621 625 G2i Oats-May Oats-May 52 52 52 52 July 102 46J 46 463 Sept 391 391 49 39j Moss pork, per bbl. Jan 18.00 18.00 17.25 17.25 May 17.30 17.30 17.15 17.15 July 17.321 17.321 17.20 17.20 Lard, per 100 lbs. Jan 9.65 9.65 9.60 9.60 May .. .... 9.90 9.90 9.721 9.75 July 10.00 10.00 9.S5 9.S5 Short ribs, per 100 pounds Jan 8. So S.S5 S.S5 . S.S5 May .. .... 9.10 9.10 S.95 9.00 July .. .... 9.17s 9.20 9.071 9.10 CASH QUOTATIONS. Cash quotations were as follows: Flour, steady. No. 2 spring wheat. ?L09tfn.lO; No. 3. ?L031gU.09: No. 2 red, $1-063 1.075: No. 2 corn. 59560o; No. 2 yellow. 60(g601c; oats. No. 3 white. 50(52c; No. 2 rye, 76c-; good feeding barley. 60gi601e; fair to cholco malting. eijlo'Slc; flax seed. No. 1 northwestern, 51.601; prime timothy seed. 53,S71g3.90; clover, contract con-tract grades. $9.25; short ribs, sides (loose). $8.5098.S71; mess pork, per barrel. bar-rel. ?17.25ft'17.32i; lard, per 100 lbs.. 59.60; short clear sldea (boxed), $S.S74(?9.12i. RECEIPTS AND SHIPMENTS. Receipts. Shlpm'ts. Flour, barrels 29.000 IS. 500 Wheat, busholn 3.500 12,600 Corn, bushels 363,300 369,000 Oats, bushels 165.S00 205.500 Rvo. bushels 4.000 6.00C Barley, bushels 90,000 18,900 PRODUCE EXCHANGE. On the produce exchange today tho butter market was steady, creameries", 22ft29e; dairies. 215f2oc. Eggs, firm at mark, cases Included. 251(Ji29c; firsts. 30c; prime firsts, 31c, Cheese, firm, ll15c. |