New-York tribune., 1904-08-12
TRADE IN CHICAGO

IBY TELEGRAPH To THE TRIBUNEI
Chicago. Aug. u.-Before the close to-day taers
the most sensational advance in wheat
prices since the exciting bull campaign began.
Old September wheat went to s. 05ss New Sep
tember. which broke $3.50 on the first trade.
went to 81 oil2. December went from $3.50 to
81 O3ss May price went up from 81 % 81 e4ia0
81 CAS-. There was a general move on the part OF
leaders and followers to get IN lfre saiD or the
buying side having failed to shake out the public
holdings I'm the market. Wheat traders could
ind all kinds OF calculations the winter and
spring harvests this morning. based on the Wash
ingtou crop report last night. Because rust dam
age was not Included In the government report.
because cables were lower. because the leaders
here and Northwest wanted further break be-
fore again taking hold on the buying side. there
was q drive at prices at opening. The new Sep
ternber price broke from 81 0l TO s9Asc the De-
cember from 81 to sSatc. the May from s. o. to 81
This WAS the extent OF the bear control or the
market The attempt 10 stampede the market
by aid Of the Washington figures, the lower caoIes
and the dispatches making light Ot rust damage
failed Late I'm the session the people Who were
working for a break tD wheat into tle US s''S
up the hSht. and many Of the former null Ieade''
made a rush to get I'm where they Sot CUT Nlo"-
I.v az over 81 80. Without any fresh news o.
voud the fact that the rust injury, Wheh ~
Quoted from the spring crop. may make se'''a
tionaI low wheat total for the country toe lIa'0
found the market getting away from them IHei9
leaders 20 reiustate holdings parted with Two on
thre, DAYS ago The late advance stopped -.
nothiuS till the September price reached eaIS
AT 81 atq The December price went 10 81 to4s' ~ ,
IN g cft,dSl t4S, old September perched az NVss
AZ the tor Last prices were, new Sep'eHi0.'.
81 03.s December. 81 o2-s, MAY. ot'4- FROM -
low point Of the morning The climb was s.s4'
There was Il published claim that Nebraska =
10 ship a great lot Of 70 Chicago. Oths' - -
ports were given out that the far SouthNes' ~ ""
raise twice as much corn as last year Ihis 49, 80
of hear news with the Washington high eroR , ga.
craee of S64 and the promise Of we'd '' -r,,, -
con bushels. was calculated to start lo' y ovs@
The selling did not start Chicago shippsu 80
600 aao bushels for the day Bartlett Prinss e. e.
spencer brokers We're good early buyers Ta..r,.
tureS went to sfssc for September 9l'sc e-,
her and Size. May The close was 5fse' o-'1- -
5o7.-. Brokers reported big outside ouSi"s
shorts covering ~ oats
Many houses are advocating purchaSes = .rar
m The theory that prices are relatively - - s,a
v-boar and corr. The oats coming tor"<'O -
and are wanted. The export prospeeO = - ~
b- foreign conditions. Bartlett nroAel ~.,ar.
dixie led the carly buying Vasa 9s-.,etb IN
.IJers ,,-ere huvfuS the futures. lhe suV7 ga
corn helped. Receipts were NOT 49, ,,orning,
.,rs Prices had n climb of &c Iol -. - fror,
s.-,s,,hsr iron, a}l.c to Sis4c, DeeeH'07'
.iss, n, s5Ssc MAY. SS7sc to S'7sc ,i- os 0r-
-r5 faatfre in provisions was the ~ --t{s
- 7,-l nv the Cudahy Packing CoIliSai'S - -
s;,,- vr.a II, line with the talk tRAt haS "a
49,, ,~o,,,d the last few DAYS 70 the eHso' - - -,
=. seIIire relatively too cheap ana ~ -. -
s....l,- tt,. market ia the face ot heaNS -
hogs and sharply declining prices - -, - r-scs,
Arrivals to-day were reported ~
at the yards were 2e1-oc IO"e'