New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-07-10

IBT TELEGRAPH TO THE TRIBUSE.l
Chicago July 9--In the wheat pit to-day IL was
fight on weather conditions and weather results
optimism struggling with pessimisn. and the for
substantial victory. The bears got the
first ray hope in several days when reports
from Kansas indicated that tho rains had about
ceased. There evident attempt the part
OF the talent which usually controls the pit TO
start enthusiasts bull market, probably TO com
pei the taking OF a few million bushels OF long
wheat. after first hour. though 1t was apparent
thai early buying by leaders seeking TO re-
place VIVA: they had sold in the last hour yester-
day At AL events there was something of bull
market the first hour. Pit traders reported the
most positive support OF the morning fo- Septem-
her wheat To come from Pringle. who took $4,000
bushels around A1sC. and Cudahy brokers with
liberal orders There was fair buying by the
Spencer house and Linman--presumably for ST.
Louis Armour brokers were buying old and sell
Ing new July a about lec spread Better weather
being promised the regions flooded by the rains
Of many days past gave a hopeful outlook The
market. after a steady decline lasting till about
half an hour Of the close rallied a little. but
prices in the end showed a substantial decline Old
July closed at S96sc 2,c above the low price OF
tho day Highest was 9Ola69OSsc. New September
closed at SAC ate" selling as high as Si2sgS'2c and
low SSssc.
Corn inclined to weakness. There n fair
y large trade. mostly the selling side The
weather this morning showed what the trade con-
sidered most favorable conditions for the crop
and this feature led selling by holders who had
delayed taking their profits and encouraged short
selling by some of those who believe in lower prices
The movement of corn keeps small. To-day 10 cars
inspected in and 1864 cars are eS+:mated for
Monday. Private elevators turned out 30 ears OF
contract corn which found its way into public ele
yators. whence il viii he available for delivery
July contracts. The range OF July from 4Si4 &C
to isc, closing iS2sc. September sold from +9asc
down to lSa,c closing at 4SH4Q4S7sC.
The oats market was affected similarly 10 the
{: hers from the promised improvement in the
weather with fairly active trade on the decline
Many small holders sold out, and there some
short selling Local receipts only 76 cars and
fer Monday the estimate LOO Seven grade.
ard of that quality cleaners turned out only three
carloads July closed at the bottom price OF the
day-3SIAc. The highest $3.50 The range Of
September from 32lsc and $2i.c to 32lec. clos
Ing at 32i4 d32$sc.
The market FOR hog products was moderately aC-
tive with a steadily declining tendency. Local re-
CENTS Of hogs 1900 ana for Monday the es-
innate 29.0OO Total OF the weeks receipts at
Chicago u7O0O. compared with A7.O1o the same
week of the year before Estimate of next week 3
run was 125.0O1. Shipments of cured meats for the
week fell short OF those for the same week a year
ago by 2025.GG0 pounds. and Of lard the shortage
for the week 100000 pounds
Pork broke 2oc for September to Sl2 72H recovered
Sl2 so Lard sold off Zoe to 81 closed 81 O2leQS 90.
Ribs touched 81 a.. closed at 81 So