New-York tribune., 1904-09-03
TRADE IN CHICAGO.

rEv TELEGRAPH TO THE TRIBUNE.l
r1soaxo Sept Am all grain markets there was
a hu-anr nurry ana strength al opening, and the
higher prices proved a sort o5 target for some
nesvv Socsl selling. The markets reacted quickly,
and when there was no rebound IN the first hour
scattered selling by local bears or weak kneed
hol6e-- followed. n wheat and corn the talent
soon made the discovery that IL selling some
thing It cid not own. Prices failed 10 recover 10
fhe level of Thursdays close and the whole grain
alsf drifted into the QUietest period n many days
Because OF wet weather over the Northwest again
there was nervous trade and considerable bun
feeling at the opening. with higner range OF
prices for short time The trade soon turned 10
he selling side under lead Of brokers for Spencer.
Pringle and Others. There was more sign OF heavi-
nHss In the september wheat than yesterday. The
month was offered from s. u on opening. but only
EUt s. 10. December prices touched s. e9ss on
hrst buying az opening. weakened 10 81 0S3s IN The
first hour AID soll az s. 0s7s later. with a rally
te 0s' May prices ruled from 81 IL 70 s. ll's 70
s. ez tc 81 H. Many Of the news features were
ret different from yesterday The cables were not
changed enough 10 be considered Elevator com
ries We're reporting miserable Yields IN many
-iors. Snow declares that the lowered quality
Of the crop makes Fl impossible 10 make esti-
ma. ou the milling wheat harvest. Late weakness
ar wheat forced prices OF 81 ,ls for septem-
ber 81 g17s for December and 81 gss Tor May These
prices nc 10 l5tc under the best point os the
teE. Ect losses were i=c for september, I4c Tor
December snd a shade less than 7ac FOR Nay.
rlrn started strong and higher. There was an
catlr hackset with Two big houses Offering con-
Siderable May corn The selling pressure soon
or6ed and the trade worked Tor a rally which was'
easy. Before noon there was a return of the
easler feeling. but no distinct break IN prices
September prices ranged from 54c 20 53l2c.- Local
corn receipts were G52 cars. In q general way the
weather was considered fine for corn. Leading
reporters are claiming receipts viii fall off after
next week. Argentina supplied @5eeo0 bushels
for the week. Following the late break in wheat.
corn futures weakened % 5s-.c for September,
6aao FOR December and 4sa.c for May. Last prices
were 55izc, 5l-sc. 52c ard ss7sc.
There was q renewal o. the selling of oats
futures by some Of the leading cash grain and
elevator interests this morning. This was met by
good buying on the part of the local scaIpng
trade. but when the session was over brokers
called the trade light. Local receipts were 40
cars the estimate OF rs cars. For tomorrow
the estimate is larger again, ar 2s5 cars. Net
losses n oats prices We're half cent for Septem-
Der al SIs.c; &c for December, at $3.50; sc for
May. AZ 352ac.
Along with other bca-ish features N the pro-
vision trade there was some raiding os prices by
oertz5n local traders because the support by
packers waB not vigorous. There was some buy
ing OF January products outside orders as be-
ters The market was so soft that a little selling
easily broke prices. Pork sold of I0c 70 l5c all
around 20 81 S for September. 81 10 for October
and S2 ga sor January. For the same months lard
sold az s. s. 70, s. l2la and s. l7a. Ribs for these
months weakened TO s. 2s'z s. 57lz and s. 62i.,
showing the heaviest decline for October. Pro-
visions weakened still more the last hour For
October and January pork broke TO 81 o. to 81 10
and 81 57lz lard 10 s. O7a TO s. 70 and s. Is. and
RIBS 70 s. 221s and s. So