New-York tribune., 1908-11-21
CHICAGO GRAIN AND PROVISIONS.

Chicago Nov 20-Active covering by shorts
caused strong tone in the local wheat market
at the close final quotations showing net gains OF
4c to &c. Corn oats and provisions also were hrIn.
Nervousness characterized trading in the wheat
pit and prices fluctuated over range of 1c The
prevailing tendency was toward hlsher prices
Liberal realizing sales by longs caused several set
backs. but each decline was met by urgent buying
by shorts, which resulted In fresh ralIy' ATseu-
tine advices and the continued dry weather In TINS
country the principal Strengthening influences
One of the Argentine reports claimed that more
than 80 100000 bushels of wheat will be available
export from this years while another dls-
patch stated that frost had been reported in some
localities The bears derived some satisfaction
from still another report which estimated the e1-
portable surplus of wheat from Argentina at 49,
OO0,0oo bushels Heavy receipts. both in the North
west and Southwest. also tended to inspire some
selling throughout the day. Demand for cash wheat
in the local market was dull and prices were
steady. Duluth reported export sales asSreSdun5
$50 600 bushels mostly Of durum and low grade
Manitoba wheat The market closed strong, with
prices near the top with December at 81 O+4s ana
May at 81 0S3s. Clearances of wheat and hour
were equal 600 bushels. Exports for the
week as shown by Bradstreets were equal 10
5.E99 300 bushels. Primary receipts were lZSi'VOO
bushels, compared with $4,000 bushels the CORE
spending day year ago. Minneapolis, Duluth and
ChIcag go reported receipts Of 800 cars, against teI
cars last week and o20 cars year ago
Trade in the pit more active and of
more general character than had been witnessed In
some weeks, and strong tone prevailed nearly al
day. The market was bulishy influenced by the
comparatively small receipts, arrivals being very
light considering the excellent weather now pre-
vailing for the movement Firm cables also m
spired some buying At the sample tables the mar
Iet for cash firm at the start. but eased
off later in the day Offerings from the country
were reported very light. The market closed hrIn'
with prices up Isc to &c to CSC. Final quotations
on December we're 6S9sc and May 63Ac. Local re-
cepts were 211 cars, with two Of contract grade
Oats were firrn almost ali day. and the volume or
trade was quite large. The feature Of trade
buying of the December delivery by shorts, who
we're disturbed by the smalness of stocks OF con-
tract oats in store here. Cash handlers reported
overnight bids but Eastern
demand was also said to be more active The mar
llet for cash strong at the start, but be
came easier later in the session The market closed
firm, with prices up 1sc to 14c compared with the
previous close. December closed at 49l3c and May
at 51+c Local receipts We're liz cars.
Provisions were active and the market was hrm'
esEecjaIlv for pork and lard The market sup
ported by a coterie of grain men, who have been
ira ding in provisions during the last few days Al
the close prices up sc to nc to 20c to 2212c
Estimated receipts for tomorrow: Wheat, As cars;
c0rn, 261 cars; oats, 141 cars; hogs, $4,000 head