New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-09-20
TOLEDO RAILWAYS AND LIGHT.
TRADE IN CHICAGO.
q TELEGRAPH 10 - rR1Rr,rE.


Chicago. Sept l9.-Corn was dragged down from
the position it attained the buIlish crop estimates
by the extreme weakness which developed IN wheat
on the late trading Heavy offerings Of cash wheat
in the Northwest are affordug millers an oppor-
tunity 10 supply their wants at lower prices. and
speculative sentiment reflected the bearish develop
ment in the legitimate situation.
Liquidation Of long wheat was resumed with vigor
In the last hour and holders OF corn losing courage
also threw their lines overheard. At the close
September wheat was I1:c lower and the more dis
tant futures Iisc lower. Trading In left of
at declines ranging from nc 10 1:qSsc De-
cember showing the most weakness. Oats closed
ssGi2C lower Provisions firm. with october
ribs showing exceptional strength and closing
sc higher. Wheat had a firm opening with the
early news. all III a bearish complexion. The
weather fl the West and Northwest favorable
for the movement OF grain: the market and re-
ceipts were heavy at Minneapolis and Duluth.
Liverpool was lower. and the weeks shipments
from other countries to Europe much IN
excess OF the estimated needs for a week of the
importing countries. II In spite OF this in
formation that the opening prices were at from
isc TO &c higher than the closing figures Of the
previous session.
Local receipts were seventy-six cars and the ship
Inents $1,000 bushels. December closed at 81 OS.
after selling high s. 1917 and low 81 OH.
The range Of Nay from 81 ga to 81 l2la closing
Ct s. 10
Corn at the immediate opening was firm. with
small offerings n the Dit and a good deal wanted
sun greater strength was impaired the market
by the estimate issued By H Y Jones Of AIinneapo-
lis that the production would not exceed 900 O00 G0
bushels. and giving his reasons for that conclusion
John Inglis likewise made an unfavorable report
Of the seasons production and placed Il ar about
@raooooc GO bushels. go Coz COO bushels less than
indicated by the government figures. There was
a strong advance these estimates hut the trade
was not prepared TO accept them without ques-
ton. and the market had sharp decline from the
top There was an Increase OF 226. 900 bushels IN
the local public stocks Local receipts ST. Geo
bushels and shipments 1.042 600 bushels Estimates
OF to-morrow's receipts were ses cars. December
closed ts34c. sc above tho low price OF the day
which was 49ssc after selling as high as 5lLc.
May closed at 4s34c. The highest was 50ssc the
lowest +s5sc
The market Ger oats was quiet and prices were
rot greatly changed IN the end Frmness Of corn
had temporary effect. but the heavy increase in
The visible and fl local stocks had a depressing
influence. Trade was local ard Of a scaIping char
acter- Local receipts were 2o2 cars and shipments
10000 bushels. There were % cars contract oats in
the receipts and 10000 bushels OF the same kind
transferred from some licensed houses. Estimates
Of to-morroV's receipts were 81 cars. December
closed az The bottom. 32lsc The highest was 227sc
The range ~ May from $40 20 352sc. closing
AZ SssFc
Provisions opened higher on limited offerings and
the stronger hog market Hately and Sickel Rob
e-,s heavy buyers. the former Of October ribs
and the latter the list. October pork held around
so s. January ribs around 81 20 October lard at
S. January lard A. s. pa October ribs at 6 ga and
January ribs at s. s.. October pork showed an
advance Of l5c.