New-York tribune., 1904-09-14
4 !

ir.t weather which threatens ruin 10 large
sr,ount OF spring wheat in Canada still uncut and
;s also preventing farmers throughout the North
vest from thrashing the grain they have already
esthered Opening ct an advance of 1i1c TO &c.
,rbeat prices rose successive waves of bullish
enthusiasm 10 the high point fer the year. May
sold a: s. 1872. 13c higher than the best price
.-taired n the bull market OF three weeks ago.
+rcrl SIC 81 the opening. May sold to 53tsc.
II closed yesterday at 5olzc. Local receipts were
a-- cars with AS estimated for Tomorrow The
,,eDection showed three cars OF No red, three Of
~o hard and lss cars No. hard. December
,r7ssd at g I524 lc under the high price OF the
dov. the lowest was 81 Il May sold from 81 l5&-
- 3 Isss closing at q IS
There was unusual activity. and 10 son1e ex-
.e-t excitement. in the corn pit because Of the
General coolress Of the weather. Shortly after the
onsri1g when the Weather Bureau prediction Of
heavy frost in the upper western part OF the Mis-
siesippi Valley was given out. there was great
s55itfon 10 the prevailing demand. and the price
rad q further rise Of about Ic. after an initial
,,5urp of about l1c 1t is generally supposed that
about % per cent of the in Iowa and Nebraska
Sc liable 10 great loss by visitation Of frost at
present which fully justified the alarm created in
,ba corn pit Local receipts were 75s cars, and Of
,hose s. we're contract. There were about 5000
bushes more of the latter kind turned out OF pri-
va+e houses. Shipments from Chicago were 2i3,oo0
bushels The estimates Of to-norrow's local re-
rsipts we're SO cars. The range Of December was
62ssc after selling high as 53l2c and as low as
BE.
Oats shared in the general desire OF the spec
uators buy. and had a good addition 10 previous
prices. Trading was active and on a considerable
scale December opened At from S2ssc 10 a244c
against 321zc at the close yesterday, and May be-
gar al from S5lsc 10 S5l4c. Those were the be
ginninEs OF g lively and much more material gain
Local receipts were ei0 and 20 Of those were
contract There were also 5S.10 bushels contract
transferred from private cleaning houses. Ship
ruents hence were s0]3 bushels. The estimate OF
local receipts tomorrow was 124 The highest
for December was $3.50 the lowest $3.50; the close
was S3l.c The range Of Nay was from 25isc 10
s5,sc closing at 2524c. Oats opened firm and held
strong all through the session II sympathy with
the bull movement in other grains. Buying was
general and offerings light. Receipts were 40 cars
including 80 cars contract. and 24 cars were estl-
mated FOR tomorrow The total stock OF contract
offered il local houses. L9a7Sl2 bushels, shows an
increase Of 5705s5 bushels for the week December
opened at 52asc and sold UP 10 SS$sc; May opened
al s5lLc and sold high 5Sc, the price at noon
Provisions we're quiet but hrm- The market
opened easier on lower prices at the Yards and
selling by local traders but developed 1rrner tone
later with the strength in grams and prices -li-
fnE generally higher a. midday The strength II
corn caused local shorts little uneaslness and
scattered. Commission houses sold January pork
and lard and October and January Tlos- PTingle
was : good buyer OF October pork Receipts OF
Meat and lard shipments were smaller than last
year October pork opened AZ so 65 down 10 30 81
and reacted - so . October lard ranged between
8 5 and s. J7l2. and October ribs. 8 3 10 s. %