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Show ItXPEGTEO break in WHEAT MARKET COMES Heavy Selling Sends Prices Steadily Downward Throughout Through-out Day's Trading. CHICAGO. April 22. Liquidation was the order of the day In the wheat pit. I-rom the clang of the opening bell to the. finish long wheat was dumped Into the pit, arid the decline was so precipitate at times tluit commission houses were considered fortunate If they succeeded in executing stop-loss orders within 3c of the limit. There were times during which covering by shorts or by owners of downward Indemnities more than offset the realizing sales, but these were brief, as a rule. At the low point July recorded a loss of 4(T)4!C from yesterday and May dropped 4c. This was a break of 9c for July compared with the highest point touched during the campaign which was begun just a week ago, and a decline of Sic for May. The erstwhile leader of the bulls was not In evidence personally In the pit. having hav-ing left the city yesterday on a., western trip. The Patten house, however, was well represented, by brokers, who, It was claimed, kept "Unloading wheat as rapidly as conditions would permit. Selling by other leading commission houses also was on an enormous scale., throe or four concerns con-cerns being credited with sales during the day aggregating between 5,000,000 and 7,-000,000 7,-000,000 bushels. Meanwhile, several things tended to contradict the theory advocated by lb hulls of a scarcity of wheat. The wheat-producing wheat-producing countries of the southern hemisphere, hemi-sphere, which have been listed as being extremely short of the cereal, were comparatively com-paratively heavy shippers during the last week, according to semi-official estimates made today. Argentine alone sent out 2.SOO.00O bushels, which Is nearly 500.000 more than was shipped a week ago. while Australia, which had been set down as being completely exhausted of wheat, .expressed .ex-pressed more than G00.000 bushels. At the .same time, advices from all sections of the winter wheat bell In this country told of generally favorable conditions for the rapid growth of the fall -sown crop. Cables also were weak, the Liverpool market being off Id, despite the moderate rally here yesterday. The market opened weak at net declines of 25c to lie July being at. $1,121 to $1.13. During (he first few minutes July dropped lo 31.11. but rallied quickly again about 1c The advance, however, brought out frcsli realizing sales. This procedure was repeated throughout the day, with the exception that on each break prices dropped a little lower than the previous drop. At the bottom July sold at $1,098, Jliiv at $1.20-1 and September at $1,013. Final quotations were ?1.09J1.10 for July and $1.21 for May, a net loss for the day of Ic for each option. After advancing to a new high record mark ror tne May delivery, tne corn market mar-ket weakened In sympathy with the slump in wheat and closed at not losses of 3c lo lc compared with the previous closing The high point today for May was 72c. which was reached soon after the opening. May sold between 705c and 72c and closed at 70J70Ec. The break in wheat, a decline of e to Jc In the price of the cash grain and more favorable weather for farm work caused heavy selllim of oats, which resulted In declines at the close ranging from i5Dc to 3c, compared with yesterday's finals. The May delivery ranged between 552c and 5fi2c, and closed at 5GtfS5Gc. Provisions weakened on selling based on the declines in grain after the market had displayed moderate strength early in the session. At the close prices were a shade to 17ic lower. RANGE OF THE LEADING FUTUJRES. Wheat Open High Low Clse Mav 1.24i 1 213 1.203 1.21 Jnlv 1.13 1.13J 1.09E 1.10 Sept 1.05 1.05 1.013 1 .02 Dec 1.031 1.034 1.00J 1.005 Corn Mav , 71 1 72 708 70S July fin 4 !9A GSl OS? Sept GSfc OSfi G7i . C74 Dec 5SS 5S3 571 57; Oats Mav 50 562 .t1 "fis Julv I9S 49? 49 49 Sept 421 52 41 i Hi Dec 125 '123 12 42 Mess Pork, per barrel Mav 18.05 IS. 05 17.92i 17.924 Jnlv IS. 20 lS.22i 18.02b 18.07 Sept 1-S.223. IS. 22s IS. 024 1S.02J Lard, per 100 pounds Mav 10.-121 10 121 10.321 30.35 Julv 10.574 10.57i 10.15 10 50 Sept 10.R7J 10.G7J 10.60 10 60 Short P.ibs, per 100 pounds-May pounds-May 9.65 9.65 9.60 9.60 Julv 9.774 9.77i 9.70 9 7i Sept 9-S7i 9.874 9. SO 9.82'. CASH QUOTATIONS. Cash quotations were as follows Flour, easv: No. 2 rye, S2g.83r; feed or mixing bariev. 6GiSTG7e; fair lo choice malting. G7'!?fi8e: flax seed. No, 1 southwestern. S1.55; No. 1 northwestern. $1.65; timothy seed. S3. SO; clover. $9.50: mess pork, per barrel. $17. 90(& 17.95; lard, per 100 lbs.. 110 35; short ribs, sides (loose). 39.50fi-9.72; 39.50fi-9.72; short clear sides (boxed), $9.'G2J'5i 9.75T GRAIN STATISTICS Total clearances of wheat and flour were equal to 72.000 bushels. Primary receipts were 221,000 bushels, compared with 248.000 bushels the corresponding dav a vear ago. Estimated receipts for tomorrow: YVhent. 5 cars; corn. 01 cars; oats, I1C cars; hogs. 12,000 head. Cotton Letter, James A. Pollock t Co.. bankers and brokers, furnish the following, received over their private wire yesterday afternoon: after-noon: Logan t Rryan Cotton Letter, Now York Influenced by manipulative American Ameri-can buying. Liverpool opened at a much better price than expected. American markets were made strong at opening, but the desire to liquidate, a certain of long cotton soon became, apparent, and partly cloudy forecast In the western west-ern belt prevented vigorous bull support, sup-port, and the market showed 10 to 15 points below yesterday before the selling hod expended llself, Texas rains before have been unimportant. The necessity of one to two Inches of rainfall In that state is very apparent, and unions had within ten days the market, despite all resistance, will be carried to much higher high-er levels. On the other hand, should sallsfactory rains occur very little decline-would decline-would follow, as the European spinner Is becoming uneasy about the securing of his needs from flic remnant, and spot prices in Ihe south remain very llrm. Liquidated longs ayo anxious to re-enter the market and that support alono will prevent the lOo level for l ho more distant dis-tant options. At about 10.30c to 10 35c level the market stopped this waywardness wayward-ness and awaited the weather developments develop-ments for tomorrow before trying for new levels either way. Higher prices look Inevitable. In-evitable. Ncvr York Money. NEW YORK. April 22. Money on call firmer, 2'p'2t! per cent; ruling rate and i closing bid, 2 per cent; offered at 2 per cont, j Tlino loans quite active nnd slightly firmer; for sixty days, 2'f323 por cent, for ninety days. 2J per cent; for six I months. Pfr cent. 1 Prime mercantile paper, 3j4 per cent Sterling exchange weaker with actual I business in bankers hill at 4 86.301?. I.S6. (0 1 for sixty-day bills and at 4.S7.55 for de- mf'ommorclnl bills, I.SSl.SSi. Mexican dollars. 44c. Government bonds firm; railroad bonds steady. Now York Flour and Grain. NEW YORK, April 22. Flour Receipts, Re-ceipts, 9250 barrels; exports. 3159 barrels. Quiet and partly lower. Winter patents. $6,00tTG.40; winter straights, $5.806.10; winter extras, $4.35(5.00; Kansas straights, $5.70ra5.90. Wheat Receipts, G000 bushels; spot, weak; No. 2 red, $1.40 asked elevators; No, 2 red. $1.-10, nominal, f.n.b. afloat: So. 1 northern Duluth, $1.29 f o.b. aflout; No. 2 hard winter, $1.29 f.n.b. afloat. Wheat opened weak at 6c decline, ruled unsettled nnd increased the decline to lie' under poor cables, ;ood crop news and heavy liquidation, and closed unsettled unset-tled ul 331 Ic net decline. Sales for export. ex-port. 30 loadH, .May closed at $1.27, July . at $1,175, und September at $1.09. I St. Louis Wool. ST. LOUIS. April 22. Wool Firm; medium grades combing and clothing, 20rt?'22c; light fine. lSG22c: fine heavy, 12i'lSc; tub-washed. 25',(?31c. Treasury Statement. WASHINGTON. April 22. Today's statement of the treasury balances In the general fund, exclusive of the S150.000,-000 S150.000,-000 gold reserve, shows: Gold coin and bullion. Sfii,llS,096. Gold certificates. S37.SS0.910. Available cash balances, $127,792,910. New York Produce. NEW YORK". April 22. Butter Steady , western factory firsts, 19(3,l9c. Cheese Firm; new state full cream, fair to best, colored. 1315c; new state full cream, fair to best, white. 12J(yH4ic. Eggs Less firm; western firsts. 22(5 22Jc". Dairy Produce. CHICAGO, April 22. Butter Steady. Creameries, 225)2Rc; dolrles, 19tf25c. Eggs Steady at mark, cases included. Firsts. 21c; prime firsts. 22c. Cheese Steady Daisies, lairioc: twins, 144jM3c; young Americas, 14!J 15c; long horns. 15'qll5c. |