OCR Text |
Show LOW LEVEL IS STRUCK Everything in Grain Market Is Pushed Down Hill. GET PRETTY HARD BUMP Wnrin Weather nnil Froopects of Grain ln Plenty Was Cause of Slump May Wheat Closed With Loss of 1 7-8 Everything ln the Ornln Pit Was Benrlsh from the Start Cables Wero Lower Crops Reported ln Excellent Condition-Corn Condition-Corn Influenced Same as Whent. Chicago, Feb 21 Oraln rices slumped nt the opening of the Roird of Trnelo to. dn Then the leirs gnve them a vigorous vigor-ous push and everslhlng went downhill and struck low level wllh a pretty bird bump Tho warm weather and prospects of t,nlns In plenlj was Ihe cause of the slump Ma) wheat closed with a net loss of IV May corn t'Sc nnd May otts l',c Provisions lost 2V4 lo 17V4C I. vers thing In whent was bearish from Ihe very start Ctllts were lower, receipts re-ceipts wero Improved and the weather gave promise of sunshlno for some lime tn enme Crops reiorte.l in excellent con ellllon and the fanner btgan lo sell In 11 hurr estimates of grain rcceli ts for tomorrow w.re trcllo what tho wero todi Worlds shipments wero ovtl 000 bushtls, compared wllh lilltl"! bushels last week, nnd nils 591010 bushels a year ago As a result tho earl stones on rliHtign were mostly excited scrambles to unload Liquidation w is prominent and wns the Icnllng feature Shurls sales wero also consider ible Tho foreign for-eign demand was still erv llghl and the dctnind from stock fetders was be-coming be-coming lighter because ot the good weather. Ma opened tttic to ijflS.c lowir at 77Mi77c dropped with al-urltv to 7b,c and h ncred for some lime ainuud that llgure Hulls lnd practically nothing noth-ing with which to support the mirket Covering lime to time on tho brenks steadied things fir it while nnd when a decrenso In Iho visible supplj of 1 021 ' bushels was posted the market strengthened strength-ened a bit Just b.l.iro Iho close how. ever, tho general feeling Ihil when was ton ilenlltul swept over Ihe floor nnd wllh hiirdlj n struggle M ly dropi ed another an-other cent lo 7jHc May closed ery weak. IV lower at 75Sii7jc Lorn again had lo contend against the simo depressing Influences th it liavo teen uniiervlnff Iho binrs nnd adding fresh vigor to tho heirs for n week or more These consisted mostly of Increased In-creased offerings nf corn from firmers nnd a decreased item ind from Western feeders At tho opening cnhles wen lower, tho bouihwtsiern mirkets weie er weak i-d fair weather was unlvtr sil In It toutnry most needing It Re. celvers nil reported liberal acceptances from the countrv of the lhleai.0 blds-ln blds-ln nianj cases at decreases Much stuil was for sale eirlj on hedges May started i.nV down ftV,c. In company with wheat and hardly paused In Its downward enurse until it had struck t..', fiai,p Tho weakening of the holding sinllment on the part of the farmers was reflected In the til with a higher Intensity Inten-sity and llqulrtitlon of speculative hoi 1-Ing 1-Ing went on at an enormous rite Nearly everv house on ihe lloor took part In tho selling which wns for both local and eoiiiitr) account The offerings wero the 1 enlist from those trndeis who were rieentlv on the bull side Covering made no apparent efftct on prices May closed vers weak l'c down nt W,c. Receipts were 131 e irs , , Oils Ind a sjmpalhetlo market nnd slumred In companv with corn No news ilevelojed Tor a time mar the opening tndo was extltel with rea offerings on one side nf the pit and the other si lo almost steads After the opening brenk of s to lc May sold up to '.c below I rldnv s close Hut Iho bear sentiment irevalled preelomlnnnlly and th downward down-ward tenilencs was ennstint I.lnuldl-tlon I.lnuldl-tlon was general May closed weak, H,o lower at 41V The grain weakness affected provisions and Induced scattering silling Offerings wero taken lirgelv b shorts In pork Pickets bought some lard and ribs and held them steads May pork sold as low as 51'. 60 and closed nfce down nt 5115.. Mas lard 2'tc lower at 5137'a and Miy rlha fui5o lower at 5x424 HANOI! Or I.nADINO ruTunr.s. Open High Low. Close Wheat-No 2- ( , ,v limber ;::.: U t'i Si K t om No S- r ft M fVi Juls .... Ws "k M M Seotemler .. 60 to VI 6Si, Mast""N.. -t... V, 41 . ,41'. Juls ,B,i , 1I' 3,, September ... !, 30J Ml, . May"...1.'"1!. .. 1 t 11 r,K 11 50 11 v, July IS 71 15 S2'i 15 AT. 15 70 Vayrrt" 9 4) 0 40 0 SI 0 1714 Jult 3 7) 0 5214 II I7' 0 50 MayOrt """" .Ml 4H, 8 4214 42'4 July s S "Vj S I71J 8 521$ S '2 September HJ K ' 8 0Ji CASH QUOTATIONS Cash quotations were as follows Hour, easier So 1 spring wh. nt, 7(V?i 71c No 2 nil 71u75o No 2 wlllle oats, I34IV No 3 while, 42i,i44i,l, No 2 rse 5M4S'ie, fair to choleo limiting harlev rAfiitc No 1 llnx seed SUA. No 1 Nnrthwerlern. 5170 prime timothy seed 5n, 10 mess pork, per turret, (1"eri(l1 lird per loo pnunds 5U7iMiO:o short ribs sides Hoosoi S'Sifisio dry silled shoulders lhnxe.li 7i7l.i short cleir sldis Iboxedi. 5s7('iSso, whl.ks hisls of high wines 5Wl.sligir rlovrr ronlr ict grnib 5 He) RI.CniPTS AND SIIIPMKNrS Articles ReritB Ship Sdivs Idivs 1 lour hirrels Mof.i 5.11..1 Wh al, hush. Is . ii) l.l ) I oro bushela . 2rho.l 0K.il 1 (Ills bu-hels . 27SIOO 177 '.II Hvi l.u.l. Is 6 mi 10110 Ilirlrs I ushels Kioto 3"i.o PRODirCi: MARM.T On the produce exchange toil is Ihe but-ter but-ter market wua ilrm, eitamerles ixuf 27e dairies tSHffile clitese Ilrm 10, I2(,c eggs, pinlcky anl broke hulls, fresh 23c Visible Ornln Supply. N.w Aork Pel; 24 - The visible uppv of grnln Stturdiv, I'ehruary 22u 1 as eomilled hj the New lork rrisluto exchange ex-change Is an follows Wheal II RM f) lilishtls, decreased, I,. 117 0.1 bushels Corn 10 7WOO0 bushels, decrease, 311 CM) busheli oats 1 01 us) biisluls, decrease 22i '.) bushels Use, 23f0mo bushels, decrease, 26i bushels Parley, 2,lirnoo bushels, decrease, .)(..) bushels Coast Oraln. Sun Prnnclsco IM. 21 -Wheit-WVnk; Mav 5110. Iiecemler, llfRit, s nt quiet, 5lisvt Corn Large jillow, easier, SI 3V.1I l'i Harlev I Inn .May, S'Iil, lJettinl.tr, 7SV4C cash, 371,0 St. Louis Wool Market. SI Lnuls, Peh 2i -Wool-Steads Ter-rltory Ter-rltory and Western mediums, leftist, line, i:'ul7c, nurse 12yit,c ' San Francisco Wool, San I'rnnclsra Veb 24 -Qliotltloni on wool hero tod ly weie S ring Nevada liKll.c eistein Oregon lOjillc, v.ill.i Oregon 13il5c Pnll-Mountaln I nubs' isliSc San Joiquln lalns, iflsc llumliol.lt and Mendocino, lisai2Vic Butter nnd Eggs. New ork Peh 21 - llutter-Ili celplu. (Hit laekagea. Stale dilrs iotl.T. irciiin ery 22iSic, Juno crenimry liiiit., fiu-tors, fiu-tors, IWiJw 1 ggs-ltetelpln, , 41") parkut,es Ilrm, St itn and Pennsylvania, 30c, Western candled, 35c Elgin Butter Market, ! Igln 111 , Peb 21 -Offerings of butter. 77..I pounds Dull nnd no sites Market declired Ilrm at 2Sg. Sales of Iho week, G01O1.) pounds, |