New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-08-03
TRADE IN CHICAGO.

wv -rr-g=R,r5 70 TIE -R1BUHEl
r--frsro Aug wheat started a. tresh ana
strong this morning as though I were oI.y O
ginning 70 climb instead OF having already had an
e5rs-ra n about 1gc q bushel. The estimate made
bv Il Y Jones' Minneapolis, that TIE total winter
wheat crop OF tie country would not exceed $50
600 200 bushels was the exciting reason Tor rush
a. b1,yfrg orders. which showed very little sign
ef siacking up Tor IN hour. and in that time 5-ec
lad been added 10 the closing figures OF the pre-
v,ous day Besides tie Jones estimate, the foreign
cables we're strong. Liverpool, Paris and Antwerp
-sportirg advances. The advance here was made
IN the face OF continued selling by large interests
WHO were recently heavy buyers and appeared 10
Re r7virg the market 1o- break Prins.e, who
fo- he last month has been persistent buyer
vas the leader n the selling movement, ana that
his constant unloading did not break the market
Is taken as IN indication OF the intrinsic value OF
-hest ct present prices. Reinforcing the local
hpv1r which had its origin IN foreign strength
end the rust reports from the spring wheat belt
came buying orders from the Northwest To offset
the selling OF the PringIe following. there was
large commission house buying, ard there were
more professionals II the market than have
appeared To- G long time There were numerous
purchases to- foreign account Despite the con-
tinued selling for profits by longs, and the &C
casional selling by shorts the market showed more
strength after midday and prices were all higher.
local receipts We're, III cars-eighteen under the
estt-ate-24 cars being new wheat Only eighty
two cars looked for tomorrow
Old September closed at the top price q the day.
g. c. after selling low s34sc- early. The range
Of December was from 9l7sc 10 945sc-. closing az
&c
Corn had another sharp advance az the open
ing and foreign buying orders again cut consid-
cradle figure. The source OF the foreign bullish-
ness was said by BToOuhall 70 be the prohibition
Of exports ~ RurraL-a, the Budapest market in
particular being thereby excited. The strength OF
The wheat market lent its aid to the creation OF
the pullish feeling here The weather, while IN
the main favorable vas nor warm enough 10 hurry
ire be.ated crop out Of the way Of possible early
frost. Locel receipts amounted 70 Z59 cars. OF
which I6 were contract, and shipments hence were
2-n00G bushels The estimate o. to-rnOrrOWS local
receipts was Ia cars september sold rom Ole
dosing top price OF me Gay5s-sc. Deem Der
closed 81 The top, 4s1+c. The lowest for December
was ~
The oats market participated moderately IN the
larger business doing in wheat and corn, but the
movement Of cLs new crop and the good Q1a-lty
ils-r1-ls plenty Of the contract grade IN the re-
-csipIs being the counterfeit influences. The
DAYS receipts were 2s5 cars and IL not TIL the
estimate for to-uOrrow showed only 81 cars that
the price gave more ready response 70 the pulllSn
atmosphere that prevailed In to-Qays inspection
rne-e were IS cars contract oats and the shipments
from Chicago amounted 70 1900 bushels The con-
TENDER sold from $3.50 10 3tsc, ard closed at me
latter price The close for December was So@sc
the lowest sc.
There vas heavlness in provisions all day. Twelve
thousand hogs were left over The receipts were
300 Prices were IQc lower al the yards Inc
estimate Is 1860 hogs for tomorrow. Prices "etT
oLy nominal the first hour. Later, considerably
selling pressure felt from brokers for the small
september pork lost 1aC, $3.50 lard teI on IRON
bs7s 70 g 50. ribs fell from s. 6212 TO 3 or