New-York tribune., 1904-08-20
TRADE IN CHICAGO.
- rELEGRAPH Eo - TRERUNr

lRv TELEGRAPH TO TIE rRIsUNEI
CHICAGO Aug l9.-Wheat gave repetition to-
AZ AZ some q its recent builish exhibitions only
,-esh Interest aud color we're added 10 the per-
,,-na-ce ~ the attainment OF new high price
i.ves Az It's best the market I'D s7sc TO SIC
and at the close prices were 294c 10 4+sc higher.
YESTERDAY the trade listened to some optimistic
r.oorts and In the end sold out holdings quite
s.ueraIly on E break o. about &c This morning
,be very worst features OF the remarkable blight
:. he Northwest crop we're thrust before the trade
.rsjr There could be nothing but a buying panic
sn6 a general scramble 10 get back the millions
q, wheat sold out CT Thursday
Nothing could be more explosive than the way
4, which the market started. First trades ranged
tnO 10 s. 09 FOR September. from s. O6l4 last
airht December from a close at 81 Oh sold from
rm 20 s. Oss4, May from 81 O9i5 sold 10 s. Il and
~. These prices were made instantly. There
followed fer half hour quite general selling, IN
der which prices yielded gradually TO 81 07ss for
September. 81 oSls for December. aud s. lO24 for
Eay
stronger advance started New high records for
ths year were made when September went 20
& sts December 70 g. ll1s May 10 3 l39s-gains OF
SIC 10 &c ever the close last night.
Like many other big bun days in wheat the mar
kst kept CT climbing beyond what any one expect
sd Clever people sold out 10 leave the load for the
other fellows After they were out the price went
higher than before. and they tried 10 get in again
Liverpool responded and closed ID higher. The
Modern Miller" says winter wheat farmers are
holding the best wheat Each Northwest report OF
hight confirmed the earlier reports The late ed-
to s. 1o-a for September, TO s. l21A for
December, and 8 l47s for May. within scratch of
s. L. The close was s. Gess s. I1is and s. II.
Corn States got good rain overnight The West
AID Southwest have had continuation OF the rains
for Two days past. Naturally this was a decided
bear influence. The strength N wheat helped to
Offset the rain reports and the break in corn was
l. moderate one and & rally soon followed.
Bartlett brokers bought May. When the decline
ceased and wheat started higher the second tima
corn made good recovery. September went 20
&c, December 70 531Sc and May TO 52I.c or about
the level Of the Thursday close. Corn features
closed one cent lower; September ard December al
Ssc and 5-sc and May at &c. decline. at 5lzsc
Country acceprances on Western and Illinois bids
are called 2.0c0.gp0 bushels
Oats prices were hack and forth IN a narrow
range The trade had 70 leadership The talent
trled 10 follow tie other markets. but acted eau
touzly. Receipts were 35s cars. The rains are
lrte against thrashiug and marketing What
heaviness there was Al times came from corn
Oats prices closed with hardly e change from yes
ierdaE-Septerber Gt Ac December al 35lLc and
Nay al G72s qS71ac.
After al early gain 0: about DC IN pork. and
eght gains IL other products. the market fat
tened out after midday, and rested At Thursdays
prices or under. Hogs we're 51lOc higher and
there was early buying OF products by the public
1Ae grain strength helped. At the advance pack
eEs were moderate sellers Pork advanced 70 81
ior October ana 81 a5 for January. The decline
kter was TO g. EZ1a and 1s Is. Lard for the same
nonths sold at s. 07i2 and & Is. and weakened TO
ag2 and $ Oh. Ribs sold at s. 57Ia for October
tnd y 3 for January. and reacted 70 s. 52la 4
IlIlher break IL provisions occurred IL the last
aoaE Prices for October and January weakened
. a. II and Sc @ for pork. ss s715 and s. o21a tor
lard. and g 81 and s. S1la lor snort ribs