Omaha daily bee., 1908-10-28
CarIot Receipts.
CnICAGo aRAIN AND rRONIsIONs
Features of the Trading and Closing
Prices on Board of Trade.

CHICAGO. Oct. 2L-Wheat prices on the
local exchange advanced more than cent
today owing TO crop damage reports from
Argentina and decreased movement in the
northwest. Al tho close prices were up va
1isc to- lac! Corn, oats and provisions also
The wheat market opened strong, with
prices up ssc To &c, above the previous
close, but despite the liberal realizing at
time, made additional gains during the day
and closed at almost the top notch, Final
quotations on December were at sl.OJi4 ana
on May at N.03hml.03ss. Commission houses
and local shorts were active bidders for
wheat the greater part Of the day, one
commission house being credited with pur-
chases aggregsting more than lONtVl
bushels. The situation ia Argentina was
perhaps the chiet incentive for this urgent
demand. News from the South American
country was conflicting. but some Of the
sdvices were of a sensational character,
one dispatch claiming that 20 per cent less
than was exported the past year. Damage
ny recent frosts was given as the reason
for this shortage The strength of teS
sc to 1lsc seemed to furnish ample con-
nrmation in the minds of many local
traders OF the numerous reports OF intur-
los to the Argentine crop. At the same time
- decided falling off In receipts in the
northwest caused considerable comment
among Traders and inspired additional buy
ing. Receipts today at Minneapolis and
Duluth were 4Sy cars, compared with I3B
cars the corresponding day last week
Mary traders, however, We're unable TO de-
eide whether the decreased movement was
the fulfillment Of an official prophecy Of
smaller receipts or merely a result of un-
settled weather In that section. The mar
kot was also bullishly affected by a good
export business at Duluth, where Il was
claimed exporters took everything offered
over night. Prlm 'ry receipts were small.
the arrivals today for the first time since
tho movement OF spring really began be-
ing less than for the correspondents day
a year ago. Total receipts TODAY were 96l.-
u1 bushels. compared with ',Jic.G1 bush
els last year. Clearences OF wheat and
flour were equal to $4,000 bushels. The
worlds visible supply showed a smaller in
crease than had been generally expected,
the increase for the week being 4331.00O
bushels, according to Bradstreet's state
meut. Minneapolis, Duluth and Chicago re-
ported receipts OF 60i cars against 923 cans
last week, and S22 cars n year ago.
The corn market was firm al day. The
market closed steady. December closed at
6SN46Sftc, and May Mt 63c. Local receipts
were 1879 cars. With n Of contract grade.
Trade in oats WAS quiet, but q firm tone
prevailed, The market closed firm At tile
top. with prices &c to "a &c higher than
a Yesterday. December closed 4Sc, and MaN
at i97sq60c. Local receipts were 224 cars.
Decreased receipts OF live hogs at west,
Crn packing Centers caused firmness In
provisions. The market closed stroEg al
the top point Of the day with prices un.
hanged TO 24c higher than the previou,
close.
Estimated receipts for tomorrow: Wheat
Nl cars; corn, Al cars; oats, l6 cars hogs
3o.OO0 head.
The leading futures ranged as follows;