New-York tribune., 1904-10-25
TRADE IN CHICAGO.

TBY TELEGRAPH TO THE TRIBUNEI
Chicago. Oct. 2A-Wheat to-day had a foreign
war scare Before the sufficency OF the opening
motive had been thoroughly canvassed and found
wanting. the bulls who had been rather doubtful
OF their position at the close of the week before,
in a more confident mood. The high prices
they learned were being published by millers
everywhere gave them the necessary courage to
buy. although receipts were still heavy and the
visible supply accommodating. At the close Decem-
ber was &C and May &c higher Corn gained sc
for December, and sc for May. Oats acted with
considerable hrmness, and at the close prices were
a shade higher than Saturdays final quotations.
Provisions were strong and higher most Of the
day but just before the close suffered the loss OF
about all the early advance.
The fear of the incident resulting in political
complications that might array Russia and Eng
land against each othe- induced a number OF
nervous shorts TO cover at the start and resulted
IN advances OF from sc in December. to 1Ac in
May Realizing sales by those who had missed
the opportunity of the previous weeks bulge
checked the advance and loaded the market with
enough wheat 10 cause the loss for time of the
greater part of the early Improvement. Local re-
eeipts 81 cars against $50 in the correspond
ing day last year Minneapolis and Duluth re-
ceived 81 cars. against 10l2 the year before, and
Kansas City and ST. Louis had $4,000 bushels. the
total last year having been 10000 bushels
December closed at 81 1875 after selling high as
81 l6s and as low as 81 Is. The highest for May
was 81 1875: the lowest, 81 H. close was 81 14s4.
Corn felt the effect OF a lrmness Of the wheat
market and opened at slight advance. There was.
however, no great spirit in the buying, and It
also on moderate scale Business in the pit
largely Of scalping character. Local receipts
l0l cars. Of which were contract Estimate Of to-
morrow's local receipts was 157 cars. December
closed top 4s24c. after selling down 4s14c.
The range of May from 45l5o TO 4534c closing at
45%c
Oats ruled dali The strength in wheat caused
some buying, holding the market weak under
tone existed. Trade entirely local Local
stocks increased 175.Oo0 bushels making the total
5O23.G0O bushels. Receipts l62 cars, Of which
IS cars were contract. and Of the same grade 49,,
Oa0 bushels were taken from unlicensed elevators.
Shipments were $4,000 bushels. Estimates for to-
morrow 1s6 cars. The market held steady to the
close gaining 1sc for the day. December closed at
2S7sc; the highest 29c the lowest 2S2c. The
range Of May from 3O34c to 3lsc closing at SIC
Provisions ruled strong. Opening higher, in sym
pathy with hogs, the market maintained its posi-
ton under good demand from commission houses
and light offerings. Hogs-Receipts to-day were
p O0o head and prices at the yards &c to 1oc
higher Meat shipments were 2.j9500O pounds, com
pared with 10O0705 pounds year ago, ard lard
shipments were $4,000 pounds, compared with
$4,000 pounds year ago. January pork sold
from s2 57l5 to Sl2 65 and the outside figure was
the late price January lard sold between s. 30 and
81 s2lb January ribs sold from S. 57l5 to s. 60 TO
sc 62l5 and reacted TO Sc 90.