New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-10-17
TRADE IN CHICAGO

TBv Telegraph to The Tribune
Chicago, Oct 16.-Wheat after little easiness
with which to begin the day, became firm and held
its strength stubborny throughout in the face OF
much that by the general crowd was thought good
warrant for a decline. The market closed at the
highest point. sc above Saturdays final prices
Corn and oats were firm, the latter having 10 con-
tend with heavy local receipts. Provisions were
about steady. except for October iard ana IDS
both of which closed weak and lower
The worlds shipment of wheat last week proved
to have been about 1000, 600 bushels larger than
was estimated Saturday by Broomhall, which was
a point in favor of the bears in the local market
Along with a decline Of from Ad to sd at Liver
pool with which that market opened 1t started
the market at from sc TO Ac lower There was
little for sale at the decline and the scarcity OF
offering caused a wave of uneasiness in the feel
ings Of those who had sold at the beginning so
that it did not require more than hint OF Ar
mour buying to make many more follow his ex-
ample. The quantity on ocean passage was heavily
reduced in the week, and that had It's influence in
curbing the bearishly disposed Local receipts
were 81 cars. The market held firm to the end.
closing prices being the highest Of the day. De-
cember closed at S5Sc The highest was S57sc to
SEC and the lowest S5Ac May closed at the top
S6zs to SIC; the lowest was S62sc-
Trade in the corn pit was slow, but after slight
decline to begin with the tone of the market was
firm. Weather was all that could be desired for
the hardening of the new grain. In the absence of
heavy receipts the prospective heavy movement
of the maturing grain did not have much 1nhu-
ence. Some selling of October in the pit. that
one Of the depressing incidents soon after the
opening lost its bearsh effect as the offer
ings ceased, although so little wanted that
the prices for the current month had over &c de-
cline on the early selling Local receipts were rs
cars. Old December sold from 45c down to 44+2c.
closing at 4tRc- May sold from $3.50 and 4S17c to
432.c and 487sc closing at the latter price
Oats ruled steady. Trade was light. with huctua-
with element
some support to the market. but only in moderate
way. That demand was supplied mostly by the
Armour brokers' The heavy receipts were the chief
obstacle TO an advance in prices. The sample mar
ket ruled steady. Receipts were 663 cars. Deem
Der closed the high point, 2Sac to 5sc- The low
est was 2Sssc. May closed at So24c 10 3O5sc after
selling low 301zc.
Most Of the speculative interest in the provision
pit was transferred to the January delivery, and
with the exception of ribs trading was reported
in the October delivery. January product is an at
traction spectators prices for this delivery
are on the basis of 42c hogs. Some Of the well
known SPECTATORS were buying this delivery freely
for investment purposes, and stronger under
tone prevailed. Liquidation of October ribs by mis-
ceIIaneous longs caused a break OF sc in prices
January pork sold from So IS to a262 January
lard from Sc 80 TO Sc 9O4$6 9O1s, and eased of 70
the former prices October ribs sold from IS g. of
to IS 4719 and January from Sc 575 to Sc 6o9s6 62s
OF to Sc 50. Hog receipts were 1900 head and
prices at the yards were &c lower.