New-York tribune., 1908-08-04
CHICAGO GRAIN AND PROVISIONS.

Chicago Aug S-Crop damage reports of an
alarming character brought out an avalanche OF
caused sharp advances in all the leading cereals
At the close wheat for September delivery was up
17sc to &c Corn up 1Ac. Oats were sc 10
&c higher. Provisions were unchanged 10 40
higher.
The opening in the wheat market was excited
and strong apparently all commission houses nav
ing seemingly unlimited orders to buy wheat Ihe
result was a wide fuctuation in the initial quota
ttons with the price in some instances more than
&C above Saturdays closing figures The new crop
months showed the greatest advances Following
light recessions, owing TO profit taking prices again
advanced toward the end OF the first hour uhl4
Nav touched 81 01as, December 97l4c and Septem-
her 94Jsc The bulsh sentiment was entirely Que
to the news from the Northwest, where the new
crop is said TO be in serious cendluon. OWING 70
black rust and high temperatures One report
claimed that black rust has appeared in the wheat
fields of Manitoba and revised estimates have cut
down the yield Of spring wheat from % to 40 per
cent Realizing sales quieted the market toward
midday, but prices were well maintained through
out the remainder sof the session The market
closed strong September opened 4go 10 PC TO l4c
TO 12sc higher at CSC 10 932c advanced to s4sc
and closed at e43sc. December closed at so4tc ano
May 81 0e1s. Ciearances OF wheat and hour were
equal to $4,000 bushels The visible supply de-
creased 1885,, 900 bushels.
Primary receipts were I'll 900 bushels, compared
with I53l 900 bushels the corresponding day year
ago Minneapolis Duluth and Chicago reported re
cepts Of 73S cars. against 596 cars last week ana
535 a year ago
The corn market also opened excited and strong.
owing the continuance Of excessively high tenn
peratuTe the greater part or the corn peit-
Reports from Central Illinois asserted that the new
crop beginning TO fire owing to the not
dry weather. This news brought out additional
buying orders coon after the opening. TRADE con-
tinued extremely active all day, and, despite lib
eral profit taking. the market held strong. The
September delivery did not show so much strength,
relatively, the distant futures. which at the
high point of the day 24c 10 2%sc To 2c above
Saturdays closing quotations, The market closed
strong. with prices near the top notch September
opened 114c TO 1&sc higher. 76Ac to 76ssc, sold
between 76c and 1850. and closed at 761&c De
cernber closed at 65l4c and May at 661sc Local
receipts 221 cars. with p of contract grade.
Oats displayed considerable buliishness because Of
the hot weather in the Northwest. but the market
quieter than In wheat and corn The greatest
strength and activity in the distant deliveries.
September opened lac TO sc 7sc 10 1c higher at
45ssc Acc sold at 45sc and closed at 4524c. Lo-
cal receipts PSI
Provisions were weak the outset owing te a
to 10c decline but the market rallied
buying, inspired BY the strength of grain The
clos4 firm. with SepteWber pork up 21zc, at
SIS ST. Lard up 7tac, at 80 e2le Ribs were
unchanged at SO 05 to 50 07z.
Estimated receipts for tomorrow: Wheat. 65s
cars 265 cars, oats. 2ss cars hogs, $4,000
head.