OCR Text |
Show WHEAT PIT ACTIVITY CHECKED BY STORM May Delivery Reaches a New High Level, but Trading Remains Re-mains Moderate. CHICAGO, Fob. 15. Crippled wire service duo to thc severe storm over a large section of the country partially paralyzed business in tho wheat pit, and the advance of tho May delivery to a new high mark failed to create any great activity. Moderate purchases by the lead-bulls, lead-bulls, followed by brisk covering by shorts, caused the upturn In the May option. op-tion. Aside from thc running up of tho Mny price, the chief feature of the day's trading was the selling of tho July do- ! livery by a prominent local trader, which caused that option to drop nearly lc from the high point of the day. With the ex- , ccptlon of a decrease of nearly 2,000,000 bushels In the visible supply of wheat in tho United States, the news of tho day was mainly of a bearish nature, a decline de-cline of 3d at Liverpool and an Increase of nearly 7.000,000 bushels In the amount of breadstuffa on passage being tho chief weakening factors. During the day the May delivery sold between S1.13ti and 51.149 and closed at 5Lia31.133. July closed at Sl.OOJ. Light offerings of corn from tho country coun-try had a dullish effect on the market for that grain, but the volume of business busi-ness was small Lato in the session thc market lost a large part of the gain accumulated ac-cumulated earlier In the day, the weakness weak-ness of wheat bringing out Increased offerings of-ferings at the pit, At the close, prices were lc to Jc above the previous close, with May at G43c and July at G4iG4gc. Tho feature of trade In oats was tho free purchases of the September delivery by several leading commission houses. This demand caused a firm feeling throughout the entire day. An advanco pf Jc In the price of the cash grain helped to create bullish sentiment. At the close prices were unchanged to lgc higher, compared with the previous close. Provisions displayed considerable strength at tho start, because of a 10c to Idc advance in the price of live hogs, but lost most of tho firmness during thc final hour, a slack demand contributing largely to thc easier feeling. At the close prices were unchanged to 2Jc higher, high-er, compared with Saturday's close. RANGE OF THE LEADING FUTURES. Whcut Open High Low Close May 1.132 1.113 1.132 1-13R July 'l.OOg 1.003! 1.00 1.001 Seiu 0G5 .0G1 .053 .351 Corn May 616 .651 .61 .643 Julv 64 .641 .61 .641 Sept. . .... .61 .Gij -Gl .G4J Cats , , May .533 ,533 .531 .o3C July .47 .482 .473 .481' Sept 30S .101 .307, -4QJ Mess Pork, ner barrel . . May 10.321 16.07i 1G.90 JG.00 July 17.02s 17.05 17.025 17.02; Lard, per 100 pounds May 0.65 0.671 0.65 0.l; July O.S0 O.S0 0.775 0.77i Short Ribs, per 100 po'unds Mav ..; S.02 8.021 S.S7 S.Si July 0.071 0.07 0 05 0.05 CASH QUOTATIONS. Cash quotations were as follows: Flour, firm; No. 2 rye, 753c; feed or ihlxing bar-lev, bar-lev, 62tfjGGc; fdlr to choice malting. G31T G5c; flaxseed No. 1 southwestern, SI. 52; No. 1 northwestern. $1.65; timothy seed, S3. 75; clover. 50.15; mess pork, per bbl., 516.75; lard, per 100 lbs.. SS. 174; short ribs sides (loose). ?8. 278. 75; short clear sides (boxed), S.S71C0.02i. GRAIN STATISTICS. Total clearances of wheat and flour were equal to 3S7.000 bushels; primary receipts were 701.700 bushels. Tho visible visi-ble supply of wheat in the United States decreased 1.S40.000 bushels for tho week. Thc amount of breadstuff on ocean passage. pass-age. 6.U52,000 busels. Estimated receipts for tomorrow Wheat, 30 cars; corn. 321 cars: oats, 1G5 cars; hogs. 20,000 head. Now York Flour and Grain. NEW YORK, Fob. 15. Flour Receipts. 24.500 barrels; exports, 23,300 barrels, firm but ciulet. , , Wheat Receipts. 100.800 bushels: exports. ex-ports. 155.000 bushels: spot easy; .No. 2 red. 51.101. nominal, f. o. b. alloat; No. 1 northern. Duluth. 51.231 f. o. b. afloat; No. 2 hard, winter. 51.20? f. o. b. afloat. Thc May option showed considerable firmness at one time on bull support; Julv. on the bother hand, was weakened by "bearish crop news, and after midday the whole market worked off. closing Jo to lUc lower: May. Sl.nfDl.lSle. closing at $1,171. July. 51078. closing at ?1.07. ; t Visible Grain Supply. NEW YORK, Feb. 15. The visible sup-plv sup-plv of grain Saturday, February 13, as compiled" by the New York produce exchange, ex-change, follow; Wlieat. 41,472.000 bushels; decrease, 1,-4 1,-4 SO. 000. ' , Corn, fi, 565,000 bushels; Increase, 53,- UOat3. 9.607,000 bushels; decrease. 300,- 0?tve. 7G.000 bushels; decrease. 52,000. Uarley, 3.011,000 bushels; decrease, 20.- The visible supply of wheat In Canada Solurdav. February 13, was 0.101.000 bushels, an Increase of 416,000. Evaporated Fruits. NEW YORK, Feb. 15 Evaporated' apples ap-ples continue quiet at unchanged prices. Prunes are unsettled and supplies arc helng pressed for sale. Quotations un- ClAprlcots quiet but steady; no change '"peaches conllnuo easy without any C,Rafsin81 arc"Lo'ffcrod quite freely on spot. . |