Show WHEAT MARKET MARKH TAKES A DROP Sudden Slump Following an Upturn Hammers Prices to Low Figure Chicago March h G The wheat mar market marot ket Icet ot broko broke violently here herd today fol Col following 01 lowing a moderate upturn early In Inthe Inthe the session and closed at almost tho the bottom with prices to 1 14 below the tho final figures of the previous day clay The slump occurred during the final hour of o trading t and was caused by h general selling brought out by favor faor favorable favorable able weather conditions now prevail prevailing prevailIng ing log lu Ju the time new crop in the lIw southwest In addition the ho market markot was else Iso bear bearishly bearishly affected by weak cables and und ex extremely slack demand for the cash grain Cash premiums horo bore were re reported reported ported the weakest in iii several months During the tho first half of oC tho the day duy ur tile the market displayed d considerable firm firmness firmness firmness ness owing to covering by shorts who bought freely frech of ot the July delivery When this titis demand was satisfied how however however ever eer prices were vere easily forced down owing to tho time absence of any nn material support From 34 May la sold oft oil to while July dropped from lv 1 lo to 1 03 JIS rs The close was W only a trifle hove above the tho lowest point final figures on en May Ma being at uS S July luly lul closing at al 34 Lively demand by lY aborts early in inthe tho the session resulted In a stiff ad advance a avance advance vance In the price of all alJ deliveries of corn but the declines ranging from 31 3 4 1 to Ic 1 c followed Largo Large stocks In store continued liberal receipts anti and exceedingly heavy henvy tone tono of oC tho the cash market were weakening Influences Cash prices remained about steady although some earn cam sold about higher No 3 yellow ellow sold at it 10 liO O 12 During the day da the May delivery deliver sold between n Gi 63 and 64 The market clos cbs closed ed cd weak at almost tho the bottom May Ma being lower at Oats Oatt displayed moderate firmness early earl in tho the day tout uL weakened late bate aloIn in the session in sympathy with the break in wheat and corn May Mar rang ranged ed od between 45 and 15 16 34 The Tha market closed near the ilia lowest point with May rn down at 16 46 Provisions were weak nearly nearl all allday allday allday day A five cent advance In live lIvo hogs hog hogsand hogsand and light bight li ht receipts at all packing cen centers centers were wore apparently r ignored Tho The marked rallied milled a trIfle half haU a point hut but closed daRed easy cas final quotations on the May Ia option being Pork 2180 lard 1332 12 and ribs 1277 12 |