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Show CHICAGO GRAIN. CHICAGO. Jan. 29 The failure of an Argentine bank, t'.e general political nnd economic outlook ar.d the government report re-port on farm reserves which wan construed con-strued an fav. rable to in.- bears, despite the fact r il ow .-.l a large reduction in supplies, comoared with a ear ago. were reeponalbU for the hstirlsh sentiment In all grains here taqay, QenerSj selling In evidence and corn and . ats dropped to a new low on the croo. opening quotations quota-tions ,n wheat, which were V4 to 2:io lower, With March 81.82 tr. 1 r,3 and May $1.51 to 1.03, were followed by further decllne-i anil then a alight reaction. Corn followed the (rend of wheat After starting to lc off. with May 05--, to 66c. the market declined slightly then rallied Oats w.re governed by tha action of other ci-rea Is. Initial ouotatlons. wbl. h were off to Sc. with M 42' to 42.-. showed further weakness and then hardened. hard-ened. Provisions were dull and easier with grains. Later profit-taking by shorts on the braa Kin wheat Aeveloued, causing a fair recovery, but the ralloei were comnara-UVOlj comnara-UVOlj f. eblc The mark-l . mtlnucd its h. . s v undertone and -use weak wltb price down 2'-j to 3Uc, with March 1 .j to 1.88 and Hay 8l.50Vi to i.co. Shorts- t....k 1 rofltS on the break In COril and forced a rally which carried prices uoward. The close wan weak, however, how-ever, with final Quotations m to lc lower, with .tnv C5'.ri51.- to i'.5'm- and Julv 67 H to O'c. CHICAGO LIVESTOCK CHICAGO. Jan. 23 (United States Bu-I Bu-I reau of Markets.) Cattle Receipts 5300; I oomi ared with week ago: Beef steers fully 25 to 60c lower; some good cnttle I off mor. . goiw! and choice fat cows and ! heif. ra 28 to 50c lower; cows Helling below 85.00; mostly Steady; fat and bologna bulla 25c, lower; veal calves mostly 50e higher; dholes ahlnplng grade gaining more; atOOkera and feeder steers 26 lo 60c lower. Hngo Receipts 5000; market mostly 10 t.. 1,5c higher tlian yesterday's average: spots more; closing strong; ton $10 35 for 160 to 170 pound averages, bulk 2C0 pound- and down 10 OOlilO 25. hulk 220 pounds and UP $9.60?9.S0. Sheep Receipt 1000; compared with reel ago handy weight feeder lambs 26 to 60c lower; heavlea 60 to 75c lower; yearling and matured sheep 50c to J1.00 lower, feeding lambs 25e lower CHICAGO FUTURES. CHICAGO. Jan 29 Open High Low Closo Wheat-March Wheat-March $1.C2 JI -.4'4 51.C1 $1 r.2fc May 1.61 1.53 1.49U, 1.801 ('orn May . .664 .6'i .59 .65?.. July .G7 .08 67 671 1 i:tts Hay 42M, I2t4 .414- .41 Julv .42U I2 .4 .42H Pork-Jan. Pork-Jan. 23.50 lias 22 90 Lard Ian 12 97 15.00 12. S7 12 87 M10 13..-.2 J3.C5 18 60 18 50 Ribs Jan. 12.00 12.00 11.75 11.75 May S 15 12.45 12.25 12.25 NEW YORK SUGAR. NEW YORK, Jan. 29. Rnw sugar was unsettled tqday, lut n. fresh business was reported and prices Closed unchanged at 37V' f. r Cuba cost anil freight equal to 4. for centrifugal. No change -wis reported In refined w'iIi ii v as qin. tc.l at 7.50c for fine granu-' la., d Huslnes:'- was light 'i.i Inn; was dull In futures. Prices, h .-er. were steadier on Covering and the closing wiw 2 to 5 points higher. Jar.uar) 1 03o; llarch 4.08c; Muy 1.23c; Jul. 4.40c. LIBERTY CONDS. NEW YORK. Jan. 29. Liberty bonds closed ! 3V$b 92.00: first 4s S7.70: second 4s fU 5ii; firt -ll-tK .7.30. sect-.d fci:.70; third 4Vi BS 82; fourth Ih t;7 f.0; Victory Vic-tory i 97.3c, victory 4.s 97.34. V |