New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-10-11
TRADE IN CHICAGO.

TBy Telegraph The Tribunal
Chicago, Oct. 1o.-Wheat was firm during the
forenoon up to the appearance Of the government
crop report, when there occurred sharp decline
Nearly all Of this gradually recovered be-
fore the Close and in the end the net loss for the
day was only about &c Corn suffered to no great
er extent than did wheat, but oats lost sc Pro
visions we've quiet ana had an easier tone in sym
pathy WITH declining tendency of the hog mar
ks The o+ ILL.,. j. the wheat market was tame.
The mafkAY eess f It We're testing he effect
upon speeulstfY@ of the bulhsh feature
of the Northwest naeeeptse 81 Chicago received 6S
cars, compafsd with 12s a year ago.
Other matters lost sight Of after the re-
ceipt OF Tia governreat crop report, giving the
yield ansacrs OF spring wheat at 147 bushels which
indicated, total Of 5son0oe bushels. and, with
the renortea 424 ooe0oe4 bushels Of winter wheat
makes stotal OF $4,000 600 bushels That suggests
an exportable surplus Of more than Europe would
be likely to buy at prevailing prices Russia keeps
exporting between 100000 and 100000 bushels q
week. SITS
The market turned weak, but the decline was
only Sc from the highest. touched at the opening
and most of that was recovered before the close
December closed at S55sc. The highest was $3.50
and the lowest S5Ac to s514c. May sold from $3.50
down TO S63sc closing at S65sc.
Corn was firm but quiet for over an hour, and
then became dull and heavy, feeling in advance
that the4government report would have nothing OF
comfort in It for the bulls That turned out 70 be
the case, far substantially reporting the corn
crop the same as estimated the month before
somewhat in excess OF $500 100000 bushels. While
the market became little easier after the report
there was no pronounced weakness shown. Local
receipts were pa cars. The sample market was
firm, with prices from unchanged to 5zc higher.
The range Of old December was 1870 down 80 451Ac
closing at the latter price. May closed at 43s4c,
after selling high 44Ac and as low as 1880
to 43&o
The market for oats opened firm. in sympathy
with other grains. and. in spite of the heavy selling
by cash houses. prices went upward. This advance
was soon lost. The government figures, showing
yield Of S3.9 bushels acre. indicating yield OF
e32 600 900 bushels, soon discouraged local longs
who sold rather freely, fairly active trade
transacted Receipts 30e December
closed at the bottom. 2S4c. The highest was 2S%c
May sold from sOsc down to 3oAc to sosso. closing
at 30asc.
Trade in provisions at a standstin The
large packers, who IN control, content
with present prices and doing little on either
side of the market and the manipulation which is
evident has kept outsiders away. The traders
were bearish on account of the weaker hog market
and offerings from this caused prices TO
ease, of. Shorts IN October pork showed an In
clinatton cover. and in consequence this deliv-
cry held steady. October pork sold at SIS %. Octo-
Der lard sold at 81 10 and October ribs sold from
IS 529z IS 30 and reacted to IS so IS 52. Hog
receipts were LOCO head and prices at the yards
were &c lower