New-York tribune., 1904-08-11
TRADE IN CHICAGO.

lBE TELEGRAPH To THF TRIBUNE
Chicago Avg lo--After day Of most er-atic
suctuations. wheat prices brought ND today with
losses OF sc 70 l'sc the final trading The mar
kst appeared 70 have gone through churning
-racess BY which speculative ideas vere. 70 some
s-rent adjusted 10 meet the more conservative g
stew OF the crop damage IN the Northwest main
7siued by the cooler heads in the trade. Bullish
enthusiasm succumbed 10 conservatism IN the
wheat DIT this morning. with the result that there
vas q lower level for values There was no panic
10 sharp break no reversal oT conditions. but q
general disposition 70 await further and more
definite information on The Northwest situation
was plainly apparent. The heaviest selling Of the
early morning was by Wrenn Ware-Leland and
Finley Barrett. Against this there was the buying
hv commission houses IN execution Of many outside
orders Old September opened At 81 % 70 81 0s- and
declined 70 81 CTS The new started at s. olas TO
hos and receded 10 s. o.. December, from the
iaiua price OF g 004 81 0074. weakened 10 9s5sc
Nay dropped from s. Ol94 TO s. o.. At these lower
levels there was such buying that prices reacted
and were carried UP in some cases above yester-
davs close Old September went 10 s. 03i4. its high
point q the morning, and new was boosted 10
a02 December touched 81 o05s and Nay 81 o.
Heavy selling again caused a slump. and prices
gradually receded 10 the earlier levels Local re-
csipts were s3 cars and So estimated for to-
morrow on late selling there was a decided
weakness in May. This was duo 70 unloading by
Bartlett and Wrenn and Northwest interests. 4ns
price vas lowered 70 81 00lA. Old September was
or 10 s. Ol7s new to s. co., and December 70 9sisc
Corn held well. considering the weakness IN
wheat The new crop months showed greater sta
biuty than the September, which IS somewhat con-
gesteG. To-day that delivery sold over an irTegu-
lar range, but for the most part was inclined 10
weakness. There were freer offerings OF cash corn
from the West over night. and selling OF Septen-
Der against these caused opening decline IN
that month. Brokers bought September on the
early break. causing q rally, which was helped
along by buying OF Wells at higher prices. On the
advance. Ware-Lelsnd had II for sale. September
corn opened at 62SQ53c, sold 5si4c. and back 10
52Slc Al midday. IN the same tine May corn sold
from 4S1zc84s7sc and back 70 49isc.
oats ruled steady il the neigLborhood oS the
closing prices Of the previous session There was
2 fair commission business Of miscellaneous sort.
Cash dealers reported smaller consignnents OF
new oats, and the selling pressure which had
isted heretofore from this cause was lifted To-
DAYS receipts were only 10 cars. stxty-seven Of
which were new standard and thirty-one new No.
white. September oats opened at sSis Gs3ssc sold
AZ 2SisQ&5'sc. and back TO S5A4c at noon.
Provisions were dun and featureless The tone
was easy, in sympathy with 5Qloc decline in prices
for hogs. Lard receipts were less being 81 go
pounds compared with l0s.265 pounds last year;
shipments were again smaller than in 1903. being
i.7s4.oss pounds meat and sS00So pounds lard
against 2,5Ss465 and 759.s s5 pounds, respectively
last year Receipts at the yards were 200 hogs