New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-10-14
CHICAGO GRAIN AND PROVISIONS.

Chicago Oct l5-Proft taking on a liberal scale
by trading longs caused weakness IN the wheat
market the final quotations showing net losses OF
&c to nc. Corn, oats and provisions were also
weak
where prices fractionally higher, despite tho
closing weakness here yesterday, furnished the cue
foI q strong opening in the local market the IN
itial quotations showing gains or &c 10 &c 10 sc
compared with the previous close. With onerings
scauty buying by shorts caused prices 70 advance
brisly f. the first minutes OF trade Some or
the hfy hoIde-s howcyer were apparently the
lookout for just such bulge" and eFaiied them
es--es Of The chance TO secure profits which the
upturn afforded. Under pressure OF these offerings
the market became weak, and the heavy tone pre-
vailed tho remainder OF the day. Continued dry
weather in the Southwest was regarded as d bull
ish influence. although some crop experts aeet ca
that situatig: IS not serious as clliJned by
some pit ggricuturists" Receipts in the North
west continued heavy. and sales OF me cash gram
to-day at Minneapolis were not 50 brisk There
was Il fair demand for cash wheat here at about
Yesterdays premiums. interior mills being made
the bidders. Expert demand slack. both here
and At tho seaboard. although Duluth reporteu
~ hoatIoads. worked" for export An increase az
$500 600 bushels In the worlds visible supply ior
the week, compared with Increase q IuJu,pe'
bushels the corresponding week year ago. was
bear!sh factor OF late trading The market closed
weak at the lowest point OF me day, win Degeil'
g. 00-4 10 s. oOts. and May at 81 uS2 Gear
ances or wheat md flour were equal 70 =l-,9oJ
bushels. Primary receipts were lt4ae'o busAe.s
compared with 1879 900 bushels the corresponding
day & year ago. Minneapolis, Duluth and chi
caro reported receipts Of ISL cars against 1853
cars last week and 1.lQ2 year ago.
Trade IN corn was quiet and the market was
weak all day Persistent talk about the poor de
rn1nd for tie cash grain by Fasteners and con-
corning the prospects Of probable liberal move
mont II the new crop In the near future were I'M
portaut factors. although the slump in wheat was
also Il depressing influence. Weather conditions
were stu favorable FOR tho maturing OF the new
crou- Prices at the sample tables We're laC 20 1c
lower New corn FOR November delivery was Of
fered here to-day I'm considerable quantities. The
market closed weak, with prices &c % sc 20 sc
10 sc lower than yesterdays close, with December
at 64c. Local receipts were 1871 cars, with Il OF
contract grade. -
oats were. weak the entire day. owing TO selling
by cash interests. which was presumably against
purchases made in the country. The market Tor
the cash grain also exhibited considerable weak
ness prices being I.c lc or for the bulk of tho
offerings and fully e To Sc down for undesirable
stuff The market closed weak, with prices OF sc
to 80 with December at 1850 TO iS3-c- Local re
ceipts were 35S cars.
Liquidation by discouraged holders caused weak
ness in provisions closing quotations showing
losses OF 20c 20 51iac. An increase IN hog move
Inents and daily depression OF live hogs we're the
chief reasons for tho selling pressure The weak
ness Of grain mad some effect
F.st!rnat-I receipts for tomorrow: Wheat. ~
cars: corn, So cars; oats. l59 cars. hogs. 10000
head.