New-York tribune., 1908-11-12
CHICAGO GRAIN AND PROVISIONS.

Chicago Nov 1f-Wheat prices On the local ex-
change to-day touched a new high record FOR tne
season Tecennber selling at Il o. and Nav at s. q
Realizing sales caused slump from the nlsh io''-
but the market closed frn- Corn was also hrn1s
and oats and provisions steady
Although wheat prices SCARED 70 a new mzn
record point for the season, sentiment IN the pit
was not so intensely buIlish that manifested
during the previous session. but the volume OF
trade was again on a liberal scale The fact that
the European grain markets responded only feeotT
70 the shan r1Dturu here Yesterday was or the
chief reasons for heavy selling pressure oy srnaA
holders which caused several setbacks during the
day. Part OF the selling, hOwever, was oroushr
out bv additional rain IN the Ohio River Na4ley-
The export situation was again the chleI incenlls7
to buy wheat although the total business FOR trs
day was much less than that OF the previous Gay
a report from Duluth that considerable 91a1LItI
OF wheat had been sold there for shipment 70 Ger
many caused comment Total export BUSINESS toF
the day was estimated az nearly sixty ooa1loaas-
Several reports received regarding tne cohoi-
ton OF the wheat crop in Argentina which Claimed
that the crop in the southern portion OF the Souii
try damaged BY drouth These aGNl-ss @ ~ Hz-seo
TO create additional buish sentiment Ine mar
ket after fuctuating over range OF 3zc 20 1sc.
closed firm. with prices unchanged 70 +sc . -
higher Final quotations on December were :. IS
N q ns1s and on MAY at 81 J71s to s. Ges Gear
ances OF wheat and -four equal 70 SSsto Dosii-
els The world ) visible supply. as SHOWN oY
Bradstreets. increased 1-S92.0o0 bushels Primary
receipts were 94s coo bushels compared with 5SZo0o
bushels the corresponding day a year ago Min
neapolis, Duluth and Chicago reported receipts o
ST4 cars, against 1s2O cars last week two days
and 475 cars year ago.
The corn market was inclined TO be weak early
in the day owing realizing by local longs, but
firm developed during the last half OF the sss
sion 4 result OF buying based On an improved
export demand One local concern sold $1,000
bushels for direct shipment abroad. and total ex-
port sales estimated at $4,000 bushels. There
was good demand for cash corn by Eastern ship
pers. Although reports claim that offerings Of
IN the country ara increasing, local receipts
still very small The market closed E-ru. with
prices &c lower sc higher. with December at
62zsc and May at 6214c and 627sc- Local receipts
were SIS cars. with contract grade
Oats were firm the greater part OF the day. but
eased of on profit taking and closed about steady,
with prices unchanged to l2c TO sc lower An
urgent demand for cash oats by Eastern slippers
was one Of ths main reasons for the early drul-
ness A further advance in the price OF barley for
mixing added 10 the strength Local receipts
were g cars
Provisions were rather weak early n tba day.
because OF continued liberal receipts % I've hogs
Later the market became frTrer OF buying by
stockyards interests At the close prices were
25zc TO sc lower PIC higher
Estimated receipts for Tomorrow -saszt- a
cars: corn, 1o1 oats 81 cars: hogs sEe head