New-York tribune., 1908-10-06
CHICAGO GRAIN AND PROVISIONS.

Chicago, Oct 5-The Turkish Bulgarian war
scare and reported revival in export business had
a buoyant effect wheat prices on the local eX-
change to-day, the market closing at net gains OF
5sc to 1c compared with the previous close Corn
and irregular and provisions weak, the
latter showing losses of 25c TO 27lzc.
The political troubles in Europe outweighed all
other influences at the opening of to-days session
IN the wheat pit and as result fnitia! quotations
showed gains Of 1sc TO Ssc, compared with Satur-
days close. An advance of nearly Id in the price
of wheat at Liverpool seemed to impart additional
seriousness TO the war talk and helped further to
strengthen the market. Toward the end OF the
first hour the statistical situation, whlch was
rather favorable to the bears, began TO nave
depressing effect the market, and prices eased
off TO a point slightly below the previous close
Chief among those bearish influences was an IN
crease Of 100000 bushels in the amount OF Wheat
on passage. Worlds shipments were liberal, being
136l6O0O bushels compared with B,tS4VV9 ousheLs
the corresponding week year ago. ana tAe hioN e
rnent in the Northwest was again heavy, arrivals
to-day at Minneapolis. Duluth and Winnipeg Delng
ag2 cars against 1IS6 cars a year ago The mar
let rallied again toward the hour, and for the
remainder of the session a strong tone pfeEdlIeu
The latest strength due mainly to tax OF con
siderable export business being done, pafucuIallS
at Winnipeg where prices were up from ic 70 - ~
There was an active demand mere py miners tot
red winter wheat, and Minneapolis aisO repoI teu ,
good demand for the cash grain, While ST LOUIS
Teported the sale of 25e0 bushels OF "Ileat u
Texas miIlers. The market closed strong ana near
the highest point. Clearances OF "heat anu H0o
zero eousl 10 325 900 bushels The visible supply
increased 4S51.OO0 bushels Primary receipts were
SO 900 bushels compared with llSsOO busteIs the
luth and Chicago reported receipts Of 2Ols cars
against 2o44 cars week and S94 cars year ago
THE corn market firm early in the day, ow-
ing 10 the strength OF wheat but weakened petore
- and of the first hour liberal realizing by
local longs The market however, apparently De
came oversold, and in trying to cover shoFls laIe5
caused a sharp rally Predictions OF unsettled
weather that portion of the corn DeIt Iylng e@S
OF the Mississippi River were an important FACTOR
in bringing about the rally. Demand for cash cor Il
was brisk and prices were up 12c. Inc MAJ ~ He'
closed firm. with the exception OF me oGtoDeI
livery which was steady. Prices at the close were
1o lower TO sc to 1zc higher. Local receipts were
IS cars, with 19 Of contract grade. .
The strength OF wheat and corn caused moderate
hrnness in oats early in the day. but the market
weakened later in the session because OF iedliNi9
sales The close was steady. with prices d. shace
higher to 3sc lower. Local receipts were IOS cars
Provisions were weak all day. owing TO seillig
brought out by liberal receipts OF live hogs AT
Western packing centres Local packers We're @ lIee
sellers throughout the entire day The close was
off 25c 10 67Izc at the lowest points OF the day.
ESTIMATED receipts for tomorrow: heat, 20 cars;
corn l6O cars; oats, AS cars; hogs. l50c0 head