New-York tribune., 1904-08-09
SOUTH BUFFALO
TRADE II CHICAGO.


H S-Tbere vas calm before the
cA'4s1 -. yheut trade this morning On the
h.,o-e TIE opening eTeryoooE "as II .ne
Gu "a :, so-bt The wires had not oeen started
Ga ca ,be fresh crop damage reports Every oooy
SlD - hv the early calm Scarcely had the
" len struck when the worst rews yet re-
opeh.'s 49,, the spring wheat States was circu-
cs' ,r,,,-srolis rushed tie price Up &c the hrst
a. A. +.a same time the gains here were from
90 sc From IS &c al close saturday the o4d
- nrice started. ssl-c 20 ssc. ana stopped
Regular September started s7'2c 70 "Se.
- ,rn,usd along up to ssi4c and s9ase, and after
-. reaction took c second strong turn 20 s--V'7s,
sum- sO'l9 rrtce moved Up &c or more May moved
-. E o-1, nearly &C ever Saturdays close There
~ - erc.feI buying by shorts. There was hhns OF
-. orders by all classes OF commission peo-
=, g. he public and for dealers, who we're Walt
,or a reaction. but dared wait no longer. IL
e No local buying furry. The trade In wheat IS
' 800 rs 10 sweep all markets along together.
- "a enthusiastic that the people who last week
scted possibility OF s. IS for wheat this season
s-s not looked upon entirely crazy. Each hour
,ssed 10 the buying force in wheat. II any one
.topped to take profits. other weer ready 10 get
4, The trade reached point where prices we're
=. axe, into account The only question vas.
7z-hst Is the real rust damage? The reports We're
= alarming that 10 believe half OF them 10 be
,ls-a in st.u further advance, Late buying sent
-. old September 10 s. o2Ss. new September TO
rni. December 10 s. 0O's May TO s. o. Close was
shade under ton prices.
There was such q cold weather map this morn
,np that considerable bull feeling deveUPed IN the
co-n trade. There was some further crouth talk
Al some parts of the corn belt There was early
tr,v-ng by Wells, Comstock and others. which
iooked Ike covering. The burst OF strength in
,rbsat helped the early advance in corn At the
ssrauce Harris. Scotten Pringle. Wagner. Ware
Leland and others were free sellers The market
hsd its advance well Receipts were oyerest-
,,ats6 az Is cars. Local stocks were reduced
$4,000 bushels. September. corn opened a. S-ssc TO
&c. and went TO 5SIkc December sold AT 4sssc 70
&C. May 4sl2c 70 ESssc. All months about Ic
M from Saturday. The last half hour started 4
buying furry in corn. and prices were advanced lc
20 ii.c In quick order. September sold at 54c: De-
ssraber SIC; May. 5Oaa150l2c Reaction Al close was
10 sac 50zc an6 ss7sc months rsrled.
There was less gain in ozcs prices than n ether
markets. Receipts are oeginning TO roll up big.
q cars to-day and 4s7 for tomorrow. Stocks are
beginning 10 Pile up also The crowd bought early.
sdWeu took December ana May, and Cn advance
Churchill. Bartlett Frazier and a big pit following
sold Wrena sold $4,000 bushels fCr May, later
also sold September. Visible stocks decreased and
helped hold market. September L-ices ranged at
2.c 10 SZ7sc; December. 23sc 20 SSsc; May. S5i4c
70 SIC There was late strength ia oats futures,
probably started by the corn advance seTtember
price moved up TO S3i&c; December 10 Sfl.a349sc;
Nay 10 55i.QS69sc.
Cudahy sold lard early. There vas p lot OF Au-
gust pork sold out. pork taken CT gUly delivery.
me market declined while wheat aad its great
sdTance. Packers took the offerings the de-
dine. Then the whole market recovered with
coarse grains al the close. Pork. after 2 dip to
g. 30 closed st So - and So 80 September aad
October Lard recovered from IS 20 TO IS 77iS;
from S. 575a 70 IS 67ie. September contracts.