OCR Text |
Show BULLS FORCE WHEAT TO HIGHER LEVELS Sentiment That Tends to Advance Ad-vance Speculative Prices Throughout Day. CHICAGO. March 28. Con I in tied drought in the southwest enabled the bulls to force wheat prices still higher today, and although tho ' market lost some of Its strength In the finiil half of tho day, prices at the finish were still ic to IIc abovo Saturday's close. Corn and onts advanced with wheat, but lost nearly all of the gains on realizing sales. Provisions Pro-visions closed Irregular. Sentiment In wheat was Inclined lo be bullish nearly all day. Despite official predictions of rain for many sections of the southwest, no precipitation was reported re-ported today except in one or two localities. locali-ties. This caused a sharp upturn In prices. Opening quotations showed gains of 2c to H1K". with September scoring the greatest advance. That option opened at $1,0651.061. Toward the middle of the day buying by shorts forced them to new high marks for tho session. September Septem-ber reached $1.0611.07 and .Inly $1.09.. The markot closed about steady, with September at ?1.06ign.06, after it-had touched $1.06. July closed at $i.0S? LOSJ. Corn was strong at the start, but weakened later because of selling inspired in-spired by the continued slackness of shipping ship-ping demand for the cash grain. Cash corn was in fair demand and prices were steady to ie higher: No. 2 yellow sold at 61ifp62e. During tho day May sold between be-tween 62c and 63Ee. Tho market closed at almost the bottom, with prices a shade to c higher. May being at G2Xtfifl3c. Oats were firm early because of the strength of wheat and corn, but eased off owing to selling. Prices closed unchanged to 3c lower compared with the previous pre-vious close. Provisions closed 7Jc higher to 10c lower. Final figures on May products wore: Pork. $20.35; Jard, $1-1.00; ribs, $13.92tfj'13.95. RANGE OF THE LEADING FUTURES. Wheat Open. High. Low. Close. May 1.14 1.144 1.14 l.Mi July LOSS 1.09 1.081 1.0SJ Sept 1.0CI 1.07 1.06 1.06. Corn Mav 631 038 62S 63 July 651 Col' II2 fi't5 Sept .... 0G 66 651 652 Oats-May Oats-May 41J 44 J 43? 43 July .;- 42 12a -US 42 Sept 39Z 39i 89$ 39J Mess pork, per bbl. May.. 26.65 26.721 26.35 26.33 .Inly 26.00 26.20 25.971 26.00 Sept 25.55 25.85 25.521 25.524 Lard, per 100 lba. Mav .. .....14.20 14.25 11.00 11.00 Julv 13.971 14.00 13.S71 13.S7J Sept 13.871 13-90 13.774 13.37 Short ribs, per 100 lbs. May Il 1.00 11.121 13.921 13.921 Julv 13.00 13.721 13.574 13.574 Sept 13.50 13.55 13.175 13.47i CASH QUOTATIONS. Cash quotations were as follows: Flour, steady: No. 2 rye. 79!5'S0c; feed or" mixing mix-ing barley. 53(5 56c; fair to choice malting. malt-ing. 5SfT67e; flaxseed. No. 1 southwestern. $2.20; No. 1 northwestern, $2.30; timothy seed. $4.00: clover. $12.75; mess pork, per barrel. $20.P0i820.75; lard, per 100 pounds, $14.15; short ribs, sides (loose). $13.501', 13.S7; short clear sides (boxedj, $1 1.374 14.50. GRAIN STATISTICS. Total clearances of wheat and flour were equal to 21 1.400 bushels. Primary receipts were 724.000 bushels, compared with 642.000 bushels tho corresponding dav n vear ago The visible supply of wheal in the United States Increased 812.-000 812.-000 bushels for the week. Tho amount of hrendstuffs on ocean passage Increased 568.000 bushels. Estimated receipts for tomorrow: Wheat. 55 cars; corn. 211 curs; oats. 170 cars; hogs. 15,000 head. New York Produce. NEW YORK. March 28. Butter-Steady; Butter-Steady; creamery special. 341c: extras 33iS734c; thirds to firsts. 26fr32ic; hold seconds to specials. 25ff732c: western factory fac-tory rt2tf723c; western Imitation creamery. cream-ery. ' 2li'26e. Cheese Firm. Ectts Steady: western storage packed. '"lfi)2;ic; western storage regular packed, first's to extra firsts, 21ff22c. Dairy Produce. CHICAGO, March 28. Bui lor steady; creameries. 26(pi321c; dairies. 22fi)27c. Fkks firm; at mark, cases Included. I7i$20c; firsts. 30ic; prlmo firsts. 211c. "EhiSTo S1BSdy: ll?leH. lMtflGJc; twins. 155c; young Americas, luc; long horns. 16c. |