OCR Text |
Show WBT OPENS Iii, ' BUT MARKET SAGS CHICAGO, Jan. 15. Notwithstanding that decreases in the United States visible visi-ble supply gave a lift to the price of wheat today, the market afterward underwent under-went a sag, owing to absence of any important im-portant new export buying and because of welcome snow in the southwest. Quotations Quo-tations closed heavv, lc net lower to c advance, with May at $1.S4 to $1.8-1 s and July at $1.48. Corn finished unchanged un-changed to a shade higher, oats up Vsc to ia3kc and provisions varying from "ic decline to a rise of oc. At first the bulls found a good deal of encouragement in the announcement by a leading authority that the total amount of wheat available for export from the United States between now and J uly 1 bad been reduced to 74.000.000 bushels, whereas the probable clearances for Europe Eu-rope this week from Galveston and New Orleans alone were put at 3.000,000 bushels. bush-els. It was sa id, also, that vessel tonnage ton-nage at the gulf ports was becoming more abundant. As the day wore on, however, how-ever, without any evidence of a renewal of big purchases for Europe, the early gains were, for the most part, displaced by losses, though not of a radical character. char-acter. Improvements in crop prospects southwest, south-west, as a result of snowfalls, that guaranteed guar-anteed both necessary moisture and protection pro-tection from cold, received much notice from wheat traders during the last half of the session. Attention also was given j to statements that the greater portion of i what wheat bad been purchased for Europe Eu-rope since Saturday morning was Ca- : nadian. Corn was firm throughout the day, j largely as a result of good demand from I the seaboard and owing to scarcity of rural offerings. There also were further crop damage reports from Argentina. Oats hardened with corn. Trade, how-over, how-over, was light. Provisions averaged lower, influenced by a falling off in exports as compared with last year. Besides, them were good-sized good-sized deliveries of lard and ribs on Janu- ary contracts. i RANGE OF THE LEADING FUTURES, j Open. High. Low. Close, i Wheat Mav ....$1.85 $t.8fi $t.S4 $1.84 Julv .... 1.49Vz 1-50-s 1.4Si 1. -IS 'a j Corn Mv S3.i .99 .08 .flSifc I July 97 .9S',i .9 Mi -?7 : Oats May 57 .57'i .56 .57 Julv 54 & .55 .54 .5-1 ! Pork j Jan 2D. 25 I May 2S.65 -8.80 28.57 28.60 Lard ' Jan 15.52 15.60 15.5'1 IT. .52 Slav 16.00 16.05 15.05 15.00 Ribs-Jan Ribs-Jan 14.77 14.65 11.72 May ....15.12 15.15 15.07 15.12 CASH QUOTATIONS. Wheat, No. 2 red, nominal ; No. 3 red, Sl.SD1; No. 2 hard, $1.94 4 1 .95 ; No. 3 hard, nominal. Corn, No. 2 yellow. OSc: No. 4 yellow, 96 97130; No. 4 white, 97'5.9Sc, Oats, No. 3 white, 56 (g' 57c; standard, 563.1 (ftS'isc. Eve. No. 3, $1.46. Ba rlev. 9c.rf7$1.31. Timothy, $3.50!ff5.50. Clover. $12.0017.00. Pork, $29.50. Lard, $15.52-15.57. Ribs, $14.25(014.75. |