New-York tribune., 1908-10-30
CHICAGO GRAIN AND PROVISIONS.

Chicago Oct. 29-AdditionaI reports Of damage
70 the Argentine crop caused sharp bulge in
wheat prices on the local exchange to-day. but all
OF the gain subsequently lost on profit taxing
prices at the close being unchanged from yester-
days final quotations Corn and oats were steacy
and provisions irregular.
The advance in wheat prices occurred At the
opening the session, initial quotations being up
sc TO &C. compared with the previous close. D-1
ing the frst hour prices we're well maintained At
about the top active demand by commission
houses, but during the last part o. the day trade
was inclined drag and prices gradually declined
The olose was rather weak az almost the lowest
point Of the day December closed at $3.50 10 )
and Nay a. & 032s 10 s. 03i2 The strength At the
start was due TO Al advance IN wheat prices a
nearly all the leading European grain centres Inc
Liverpool market showed especial strength hel125
up nearly ID. The advance there, IL was stated,
was due 10 reports Of e somewhat sensational
character from Argentina regarding the damage
by frost TO the new crop one Of these reports plac-
ing the injury al $4,000 bushels IN addition to-
these foreign ady1ces the local market was ppoyed
up by continued brisk demand for HouT and casa
wheat IN the Northwest Minneapolis reported
sales Of cash wheat at SIC over December. with
r1liIlers paying Sc over December for wheat 10 ar
rive. and that all -four mills were running az LuA
capacity the -four being shipped out as q-1CAIy 1S
II was made. The cash situation here. however
was quiet. and premiums were about the same as
yesterday No fresh news was received here con
cerning the Argentine situation, and TINS led many
OF the local traders 10 doubt the correctness OF te
European dispatches During the last half OF l-e
day demand was slack and prices easeo or -
mary receipts were $4,000 bushels. compared WIN
sa2 go bushels the corresponding day year ago
Trcor1plere figures on -cIearsnces OF wheat ana
-four made the total for the day equal 10 So4."o
bushels Minneapolis. Duluth and Chicago reported
-ecefprs Of 65 cars against 81 cars last week and
E5S cars year ago
The corn market was firm nearly all day owing
70 light receipts and an excellent demand for the
cash grain Cash corn al the sample tables V
sreadvg for most sorts but up 2c Tor befJ sfaoes
Of re1E corn Reports from the country claim rLa-
farmers are holding ChsiT corn for higher prices
Weather conditions were favorable for the cur
ing Of the new crop The weakness OF Wlle-L
caused some selling lace IN The day and The mar
lzer closed barely STEADY. with prices 4 silaoe
rteher ID &c lower December closed at 63s4c and
Nav at sc Local receipts were = cars. F1tns OF
contract grade
Trade IN oats was quiet and the marker vas
steady al dav Local shorts were moderate ouE
ers and cash houses also bought rnoderately. ~
he close prices were shade 20 sc higher con-
pared with the previous close December clIS1-
q SIC and May al 5oc. Local receipts were -
cars
Provisions were weak at the start owing 10
heavy receipts Of live hogs at all Western packing
centres and continued weak al day excepting Ut
r5or. which made fair rally late IN the seSslll
On covering ~ shorts At the close prices were -oc
lower 70 &c higher - -.
Estimated receipts for tomorrow " neat % -
corn. - cars. oats E6 cars, hogs, 36e" mead