New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-10-23
CHICAGO GRAIN AND PROVISIONS.

Chicago. Oct News from Argentina was again
the chief factor in the local wheat market and
caused a sharp upturn IN prices to-day. Although
al the gain was not maintained. the market closed
firm with prices Up &c 10 &c. Corn oats ana
provisions were easy.
The wheat market was strong all day. although
sentiment in the pit less bullsh during the
GnaI hour At the opening the market in
fuerced By an advance Of SD TO I'd at Liverpool,
which. il was said. was due 70 lighter offerings
from Argentina and TO late dispatches from Rosario
which claimed that the damage by frost to the
Argentine crop would probably reach as high as
per cent Of the total yield The market here
was also affected BY estimate made by q Euro
pean crop st6tistician on the amount Of wheat TO
be shipped from Argentina this week. this author
:ty claiming that the exports this week would be
much less than had been indicated by previous ad-
vices An active demand for cash wheat in the
Northwest and Southwest also tended TO strengthen
she market here Minneapolis houses reported that
cash wheat premiums there had advanced TO 2&4c
over the December delivery. the highest premiums
paid this season, while Duluth reported so boat
loads taken for export st. Louis and Kansas City
advices also claimed brisk demand for the cash
grain at those points Weather conditions in this
country which apparently had little effect early
n the day. caused some selling late IN the Session
Rain was again predicted in sections OF the winter
wheat belt. which II il materlalzes, will promote
fan plcuEhing. The market reacted about 1ac from
the high point during the last hour, but closed firm
with December 99sc and May at 81 O. TO 81 o51s
C1earances Of wheat and -four were equal TO $4,000
bushels. Primary receipts were 100000 bushels
compared with $1,000 bushels the corresponding DAY
a wear ago. Minneapolis. Duluth and Chicago re-
ported receipts Of gu cars, against s73 last
week and 376 4 year ago.
The corn market made little response TO the bulge
sn wheat and became quite weak late in the session
the close being at the bottom point nearly all
deliveries. Rain IN the belt was not so gen
eral as had been predicted. and offerings OF new
corn from interior points were larger than for some
time past The Official forecast predicted that cold
weather would follow rains tomorrow in Illinois
and Indiana Prices at the close were &c 70 &c 70
Isc below the previous close with final quotations
on December At s3isc and May al 62l5c 70 629sc-
local receipts IS cars, with 81 Of contract
grade
Oats were firm early IN the day owing to & gen
eral demand, large part Of which buying was said
70 have been inspired by talk Of deal in the
May delivery tie part OF q leading trader Sell
.ns later in the day ay this same dealer, however,
xspeiled visions OF corner and caused free sell
sng by local traders. which resulted in moderate
weakness Cash oats steady 70 nc higher
The market closed easy, with December &c lower
at Elzc. Local receiuts were 12z cars.
Provisions were weak the greater part OF the day
because Of liquidation brought out by yesterday s
sharp advance An advance u sc to 1GC in live
hogs seemed 70 have no effect. Prices at the close
were PIC 10 Ice 1910 lower
Estimated receipts for tomorrow. Wheat. s.
cars; corn, IS cars; oats, II cars; hogs, 1000 head.