| OCR Text |
Show WHEAT RECOVERS SOME LOST HI! Day of Uncertainty and Speculation Specu-lation at Week's Close Follows Fol-lows Friday's Break. By Associated Press. CIIICACO, .luno 4. Tho hullabaloo that after a 17-cent break in wheat the short side of tho market had become too popular -and also dangerous, put up prices today at tho close. Compared with last night's final quotations, quo-tations, prices were up a shade to 33u. Corn ended unchanged lo lo lower, and oats, unchanged to lo higher. The finish In provisions was irregular, 12ic above to 12Jc below tho previous close. Reports that tho winter wheat would be the lightest in years were heard by tho traders In wheat. Smaller shorts, for the most part, covered. Uxcept at ono time when there was an overwhelming outpour of sales, the market was a rather small but, nevertheless, a nervous affair. September prices hero ranged between 89c and 90gfi?)90ic, and closed firm at 90A901c, a shade net higher. Selling of corn was largely based on expectations of hotter weather and Increased In-creased receipts. The September option fluctuated from 5S3e to' 5SS59c. and closed easy at 5SSc. The cash market was slow. No, 2 yellow closed" at 5SJ(g 5S3c. Selling was largely speculative In oats. Prico variations for September extended only from 35Sc to 35ic, with tlie close at 35ilc. Provisions worked to a stronger position posi-tion after having Intervals of weakness early. The close showed a not decline in pork of 2Jc to 124c. Lard finished with a gain of 10c and ribs 7ic to 12ic. RANGE OF THE LEADING FUTURES. Wheat Open High Low Close July 925 931 91S 93& Sept 9011 90i '.)' 90i Dec. S75 80S SS8 833 Corn July 5Si r.Si 57S 575 Sept 5S3 58S ' 583 5SH Dec 5C4 r.Gil 56 56 Oats-July Oats-July 37 37 3G8 .365 Sept .... 35i 35 J 35 3511 Dec 36i 3G4 35il 35J Mess Pork, per barrel July 21.30 21.424 21.074 21.20 Sept 21.10 21.15 20.80 20.95 Lard, per 3 00 pounds Julv 11.925 ll.97i 31.85 11..05 Sept 11.85 11.92i 11.80 11.00 Short ribs, per 100 pounds July 12.05 12.174 11.95 12.12J Sept 11.30 13 .95 11.75 li.S7i CASH QUOTATIONS. Cash quotations wore as follows: Flour, easy; winter patents, $4.50g5.10; winter straights, 4.20(8)4.75; spring patents, $6.00; straights, 54.504.70; bakers, $3.90 5.00; No. 2 rye, 757fic; feed or mixing barley, 4G62c; fair" to choico malting. 59C5e; flax seed, No. 1 southwestern. $1.96; No. 1 northwestern, $2.00; timothy seed, $4.35; olover. $11.25; moss pork, per barrel, ?21.252L50; lard, por 300 lbs.. $11.95; short ribs, sldo3 (loose), S12.371tfi 12.626; short clear sides (boxed), $13.25 13.50. GRAIN STATISTICS. Total clearances of wheat and flour wero equal to 115,000 bushels. Primary rocoipts were 282,000 bushels, compared with 212,000 bushels the corresponding day a year ago. Estimated receipts for tomorrow: Wheat, 9 cars; corn. 314 cars; oats, 126 cars; bogs, 29.000 head. Clearing House Statement. By Associated Press. NEW YORK, June 4, The statement of tho clearing house banks for the week (five days) shows that tho banks holds 20,559,925 more than tho requirements of the 25 per cent reserve rule. This Is a docreose of 5,676,075 In the proportionate proportion-ate cash reserve as compared with previous pre-vious week. The statement follows; Loans $1,196,572,400 Increase 7,358,400 Deposits 1,187.149,500 Increase 2.5S3.500 Circulation -17,992,400 Increase 160,300 Legal tenders C7J1 3,000 Decrease 1,302,700 Specie 249,434.300 Decrease 3,727,500 Reserve 317,317,300 Decrease 5,030,200 Reserve required 29C,7S7,375 Increase 645,875 Surplus 20,559,925 Decrease .... 5,67G,075 Ex. United States deposits.. 20,979.950 Docrooso 5,66S,300 Tho percentage of actual roscrvo of the clearing house banks loday was 26.81 per cent. The statement of banks and trust companies com-panies of Greater New Yora noL reporting report-ing to the clearing house shows. Loans $1,175,128,500 Decrease 1.33S.900 Specie .... 12S.S54.200 Increase 1,168,700 Legal tenders 21,991.400 Increase 12S.000 Total deposits 1,232. 122.o00 Incrcaso 12,534,500 Tho Financier will say: The statement of the associated banks of the city of New York for the week ending June 4 showed unimportant changes in the leading Items, except that Instead of a. slight gain In cash anticipated antici-pated the statement of actual conditions revealed a decrease of $10.999. COO In that particular. It had been assumed also that because of the heavy stock market liquidation liqui-dation of tho week louns would show a material contraction, but the decrease amounted to only $1,536,600. The changes In tho loan and cash Hems accounted for a falling off of $5,111,200 In deposits. and the reserve decreased $2.R2l,RDt. bringing the surplus above the 25 per cent minimum to $21,096,100. The statement of averages differed ma-tcriallv ma-tcriallv from the statement of actual conditions, reflecting previous operations rather than those of tho current week, hut the excess reserve figured out in both cases almost the same amount. The , fUimmnry of state banks ami trust com- j panics hot reporting to the New York clearing house Indicated a decrease of ibont. $1,330,000 In loans, a decrease of i bout tho same amount in cash and an ncronse of S4.3.'!3.U00 in deposits. |
