Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-08-12
THE GRAIN MARKETS.

CHICAGO. August ia private crop re-
port, which showed decrease in the total
yield Of wheat in the United States as COM
pared with official statistics. was partly re-
sponsible for moderate strength today in
the local wheat market. At the close wheat
for September delivery was up y. Corn
was up u. Oats showed a gain Of y. Pro-
visions were 5a7h higher to 121a lower.
Strength in the wheat market developed
late in the day During the first part Of
the session sentiment in the pit was bear
ish. weak cables clear weather and lower
prices at Minneapolis having a depressing
effect. A leading commission house was
the principal seller. For time trading was
inclined to drag, owing to lack of demand
Later. however. buying became more ac-
tive, cash houses being quite liberal pur-
chasers. A Joint report made by two we'll
known crop experts was an influential fac
tor in creating the frmer feeling. Accord
ing to these authorities. the total yield Of
spring wheat In Minnesota and the Dakotas
Is about 24.OO0.O0O bushels less than the
amount estimated by government officials
Another factor was constantly decreasing
receipts at all primary points. total arrivals
for the week showing falling of of %
per cent compared with the total move
ment of the preceding week..
The market closed firm. with prices at
the highest point of the day. SEPTEMBER
opened "a to lower at Tx to TIA sold
on to 71Aa71A and then advanced to 72aa
The close was at 72aa. Clearances of wheat
and flour were equal to 5232SO bushels.
Primary receipts were 1.47S.35 bushels,
compared with S5S.656 bushels for the CORE
spending time year ago. Minneapolis
Duluth and Chicago reported receipts of
4S3 cars. against 645 cars last week and
$50 cars one year ago.
Favorable weather for the growing crop
caused an easier tone In the corn market
early in the day. Offerings. however were
not large. Later active demand by COM
mission houses resulted in a firmer tone
The buying was due to large extent to
light stocks Of contract corn in Chicago
and to practical absence of acceptances
OF bids sent out by cash houses. The mar
ket closed firm. September opened I'M
tween 40 and 1914 and closed at 4Sh, Local
receipts were 1O1 cars. with At Of contract
grade.
Oats were firm on buying by cash houses.
math of the government report published
yesterday. September opened UNCHANGED to
" lower at BON to 81, sold between 3O% a3O3k
and BIZ. and closed at BIN. Local rel
ceipts were It's cars.
Provisions were weak because of a Zoe.
decline in the price Of live hogs In addi-
ton the market was bearishly affected by
decreased shipments of the manufactured
off at 1855. Lard was down 5a7h. at
S.65. Ribs were 121l lower at sS7H.
Estimated receipts for Monday: Wheat
442 cars: corn. liz cars; oats 232 cars:
hogs $4,000 head -
MINNEAPOLIS. August 11.-wheat-Sep-
TENDER. TN: December 70; May, 77a77h;
No. hard. 76A: No northern, 75A; No. 2
northern, 13A: No. 3 northern, 71a71H.
Flour-First patents. 4. 10a4 20: second pate
ents. 3.95a405: first clears, 325a3. 10; second
clears, 2 5Oa2. go.
Bran. 135Oa13.75.
DULUTH. MIMI. August n-wheat-No.
! northern. 74M: No: northern, 1875: Sep
TENDER, TN; May. TIN.