The San Francisco call., 1904-08-18
Chicago Board of Trade.
Future Grain and Provisions.

CHICAGO. Auz. 1T.-The wheat trade was
rlIst-1lad TO- day and bouE6t as Z famine
livery touched 81 60 bushel- s5sa4e over the
previous close The December option advanced
ac % 3 10 The close vas liAler If-s TOP
figures, showing a net ADVANCE for the nearer
nontd az 3as G5lsc. and q iG4-sc Tor the de-
ferTed optt1n. Corn closed strong % sc ad-
vance for September and l-ec Tor december.
september cats are up So FroVislons
varied froa shade to slac hfgher-
There was a burst ot speculative wheat buy
ing at the opening far IN excess Of any pre-
vious day. which gathered strength with each
succeeding hour until all previous rscorus Tor
the present crop we're shattered. The early
reports frcn the spring wheat territory were
TO more encouraging than they had been. and
the Northwestern markets we're stronger Ca
eles showed foreign markets 70 nave toilosed
late advances on this side and there were IN
dicatiors that foreigners we're purchasing IN
this market Buying orders far II excess q
offerings were In the market from the start.
September opened "a 0L-tc % lasGletc higher
az 81 o5li ~ O6At. December vas up at the
start Is re az 81 efi F1 o. The crop
reports bad 20 start with. became IsEleutsbls
IN -letr details o< destruction ny rust OF whole
ported as engaged in Burning the standing
grain 10 clear the land From the DakGtas.
Minnesota and Ontario the same reports came
and traders appeared tl sc41r famine. The
buying furor set IN in earnest Only once,
soon after the opening when q few long lines
were released. did r1e price 20 below the
=
Sept=Inoer DOWN % = t7ts ana ueceEloer 20
8 90. The rest of the trading appeared 70
be- Cne frantic scramble t1 buy Not until
the p EE point=-S1 o. fer September and 81 10
for DeCeT1he---V-rre reached was there any
marked halt IN the advance. At top prices
in ths last hour of t-siing sCsIpers threw
quantities - wheat en- rle market and in the
absorption OF rhlS prices lost some % the
advance September went on 70 81 oeas but
sool rallied the CIcss showing the buying spirit
again ~ the asce1deu-y- Final trades in this
option were ar 81 e>le with The tore strong.
Decz-bsr hrcka 10 81 19GI 04ts under the
figure
That there was r-- more OF an advance
II corn was due % rhs fact that the south
vest lzd some more showers and the crop
outlcck was heired thereby. September opeu-
- az 5fl2 1850. an s1yanCe of la64c but
scld or 90 54t-Q5A-4 December was up az
t6s start &c nc. q sac. % SIC. dipping
n 53lsc under the early selling TIE market
could not resist the szrsaz- hzIiish atmosphere
cf the wheat PIT however. and sIccessivs
waves of buyinE carried values forward 70
December. the ac-lVe options The closing
was strong AZ 55t.c for September and 541s 4
54Tsc for Decsuher
Tie buying n ether grains sxsrtsd its in
huerce UPON cats causing an advance in
September - = r. afc 70 1sdl=c. AZ 341s ass
The early dip in 0th=r grains vas followed
~ correspond -1E selling movement. however.
IN cats and the price touched 54ltc. but zd-
ra1csd ou The late temper u the market %
500 The close was firm az 34stc. part OF the
advance having been lost on realizing sales
Provisions opened weak IN sympathy with
2 decline IN The price e 1--we hogs. TIE mar
ksr was rescued from its early declining ten
1encE by Nbersi buying for leading pack
i1z company and by the effect of the grain
strength Closing prices showed September
pork up Il2c, lard 2izc higher and ribs IN
changed
Ire leading futures ranged as follows:
Articles DDEE- High Low Close