New-York tribune., 1904-08-07
TRADE IN CHICAGO.
IBr TELEGRAPH TO TIE TRIBUNE.


Chicago, aug. 6-For the week ended to-day un-
usual activity characterized the trading IN wheat
and the volume OF business resulting therefrom
caused much rejoicing among the majority OF com
mission men, who less than month ago were
gloomy over the prospects for the near future.
Prices were more than well maintained. for they
advanced more often than they declined. Among
the factors which aided in pushing up the prices
were the warning OF H. V Jones. Of The CONNER
caI West" who estimated the entire crop OF winter
and spring wheat at 53oOJO00O bushels. and the re-
ports Of black rust in the Northwest These and
several advances in the course OF the week abroad
helped the bull sentiment. Corn and oats, as noted
each day this week. participated in the builish
feeling generally prevailing In provisions, owing
TO the packing house workers strike still being
on there was little disposition 10 speculate in hog
products and the amount OF business for the week
was small.
Wheat at the opening to-day weak. chiefly
under the impression that the people responsible
for the calamity regarding damage TO the
crop from black rust inclined to recant their
alarming reports. Later in the session there was
conhrmative news of the damage and reduction in
amount OF the crops. causing some buying. which
left the price little lower than It the close
Friday Receipts also again liberal IN the
Southwest. Local receipts were III cars and ship
ments las GO bushels. The range OF old Septem-
ber was from s71zc to 9sc closing sslzc. Dc
cember closed at 96l4c, after selling high
$3.50, and as low 95isc.
Trade in corn was erratlc with no big transac-
tions by any Wall Street buying Sep
tember, but, on the other hand. was selling De-
cember and May. Pringe bought September corn
around sc. The local talent inclined sell
on the hard spots but there a fairly good de
mand for September from houses which trade
largely on Southwest orders. Commission people
getting rather unfavorable reports from
Southern Illinois. where rains are needed and the
crop IN some portions is said TO be Haring badly
Cool night cause for complaint from farmers
in the West. The movement Of old corn continues
moderate-242 cars expected in to-day and 200 cars
estimated for Monday. September sold from 5l1lc
10 52q62zc. closing at 521sc. The highest for De-
cember 459sc. the lowest 4Slsc. The close was
4S1z-9s$c
Receipts OF oats continue heavy, the arrivals
consisting mostly OF fine quality. and speculative
trade reflected the feeling that prevailed in the
cash market the result OF liberal supplies. The
selling OF futures largely by cash houses and
there was also considerable Liquidation by COM
mission houses. Out of Ss1 inspected in to-
day, lO2 cars standard grade, and S4 cars
graded No. white. For Monday 4l4 cars are
estimated.
There was selling in provisions after the first
hour, causing the sharpest turn in prices since
the great strike began. Brokers explained that
Cudahy brokers active sellers. They said
ured holders were quick TO let go. The break
started stop loss selling orders. The selling WAS
sharpest in pork and lard Ribs showed some SUD-
port Packers were credited with taking consider
able product on the break. Pork broke S5c to 4Oc
10 Sl2 80 September and 10 $12 IS October Lard
broke l6c September TO Sc 75 lzc October to s. s2
KIDS LOST about l0c from Friday. closing at 81 52
anu o. o9st va same months. Hogs for TODAY
l-'oO1 'Sua4ity poor; largest hogs scarce Market
fairy aclVe and steady 10 shade higher E,s-
uaaleo receipts for Monday, 30.O0 and for next
: week. I1''v2 All products made fair rally at
close. september pork to sl2 421a. lard to IS M
ribs TO s. 5I1zas7 CO.