New-York tribune., 1908-10-21
CHICAGO GRAIN AND PROVISIONS.

chicago Oct 2o-AI-hcugh sentiment IN the To-
cal wheat market was be7rtsh to-dfy. owing
largely, 70 the breaking Of drOuth in the South
vest buvine by shorts caused the market 20
cIcse steady. final quotations being shade hisher
than yesterdays ClCs sng- Corn and oats WeEe
weak and provisions were steady.
The wheat market was unsettled. showing sud
den sprrts OF strength and then veeri1s around
TO weakness. with the general tone Being IN favor
of the bears. Rapid accumulation OF stocks q
wheat Throughout the world and a comparatively
slack expert demand together with the wet
weather in this country. were the chief factors
in creating the bear sh sentiment According 20
report cOrnDiIed by Brsdstreet's the worlds
availabl stocks OF wheat increased 10000 BUSH
els for the week. compared with $4,000 bushels
increase last week and an Increase Of 4.I0O000
bushels the corresponding time last year. There
vas some export demand In evidence. but the
amount OF actual business closed was small, ths
total report being 20 bcatloads, which Included
few loads OF low grade wheat from winnipeg
The demand for cash wheat IN the Northwest
was less urgent. the mills taking only tne oesr
Of the offerings Rain reported as being quits
general west OF the Missouri River. and the storm
was said TO be exteniing eastward The weather
bureau predicted rains for the greater part OF
the winter wheat belt within the next forry-etght
hours The market rallied about Sac nom ths
low point Of the day on covering by shorts late
In the session and closed fairly steady az only
slight variations from yesterdays closing prices
Final quotations on December were at sS1zc and
on May at 81 0Ts 70 3 o. Ciearance5 or wheat
and -four were equal to 242Co0 bushels Primary
rece7pts were I55l00 bushels. compared with
1853 COO bushels the corresponding day a year ago.
of syS cars against 9S1 last week and $50 ears
a year ago
Despite the wet weather in the corn belt, which
Il was said will delay the movement % the new
crop. the corn market was weak almost all day
owing to considerable pressure from local longs
At one time prices were down nearly lc from the
best marks Of the day. and hnal quotations were
only little above the lowest point Reports OF
n heavy movement OF new corn from oklahoma
end Texas 10 Gulf ports tended 20 depress the
local market Cash corn AZ the sample tables
was unchanged TO &c lower. The market closed
weak al net losses OF tsc TO ssc. with December
at 63ssc tc 6s,c Local receipts were 29 cars, with
Sc OF contract grade
Oats were weak all day. owing 70 free selling
BY leading holders. A decline % &c IN the price
OF l. . cash grain helped 70 weaken the options
The greatest selling pressure was on the distant
deliveries. At the close prices were &4c 70 lc be-
low the previous close with December at 4s'se
/ LEGAL receipts were 81
Provisions were weak early in the day, owing
| to selling brought cut by liberal receipts OF hVe
/ hogs at Western packing centres. but became
steader later in the session on buying said 90 De
for the account OF local packers The weakness
OF corn and oats had depressing effect Reali1-
ing IN October ribs caused slump In that prod
uct late In the day, closing prices showing a net
loss OF 62Iac. The market in geperal was 258C
/ lower 70 sc higher,
| Estimated receipts for tomorrow. Wheat. s.
cars corn. % cars: oats. 9 cars; hogs. 2.O@ head