New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-12-02
CHICAGO GRAIN AND PROVISIONS

Chicago, Dec. New high record marks for the
season for the December and May deliveries were
reached IN wheat to-day, the former touching
81 O6A and the latter 81 O9S- The market closed
strong at the top. Corn and oats closed easy and
provisions firm.
The wheat market opened strong, with prices up
&c to &c and became stronger as trading pro-
crossed. the close being the highest point OF the
day at net gain of 1910 to 1Sc for December
and nc for May.
The most important factors contributing to the
sharp uptuTn were unfaVoraole harvesting weather
in Argentina and a decided falling of In receipts
in this country. especially IN the Northwest Sew
eral dispatches were received to-day claiming that
rains stin prevailed in the northern districts Of
Argentina. The decreased movement IN the North
west, however was perhaps the potent in
fuence. Arrivals Of wheat to-day at Minneapolis
and Duluth aggregated 5+s cars. compared with
S94 last week and L199 cars the corresponding
day year ago Winnipeg also reported that re-
Ceipts there tomorrow Will probably be in the
OF 500 cars. severe blizzard which was raging
to-day in the Canadian Northwest was said to
have checked the movement to some extent but
the chief for the sudden falling off In
the crop has already been marketed. A brisk
export demand for durum and low grade Manitoba
wheat at Duluth helped to strengthen the local
market. Local bulls were liberal purchasers OF
the December delivery. one of the leaders. 1t was
said, having bought in the neighborhood Of 100000
bushels. There practically demand for
cash wheat here except by elevator concerns.
Clearances Of wheat and -four equal to $4,000
bushels. The worlds visible supply, as shown by
Bradstreet's decreased 3O76oOo bushels Primary
receipts $4,000 bushels, compared with L6+s,
900 bushels the corresponding day year ago.
Minneapolis Duluth and Chicago reported receipts
of 694 cars, against 972 cars last week and L2tS
cars year ago.
Liquidation of the December delivery was the
feature of trade in the market. This selling
caused decline OF nearly 1c In that delivery and
had a weakening effect the market in general
cold wave in the corn belt and continued
slack demand for the cash grain by shippers wers
additional weakening influences. At the sample
tables demand reported slow and offerings
liberal which resulted In decline or nc TO &c
In prices. Deliveries to-day December CON
tracts were 26O 600 bushels The market closed
easy with prices lsc to &c higher to sc to Nc
lower December closing at 617sc TO sc and May
at 625sc Local receipts were 40 cars, with OF
contract grade.
oats were inclined TO be easy. owing to profit
taking In the December option. following deiiv-
cries OF 225 GO bushels December contracts.
slow demand by shippers for the cash grain helped
to depress prices. The market closed easy with
prices a shade higher TO &c to Sc lower Deem
her 4R4C TO SAC, and May at ole TO blSc
Local receipts were 261 cars.
Provisions were firm, owing to a strong market
for live hogs and because OF small deliveries on
December contracts. Trade, however. was quiet
the greater part OF the day. At the close prices
we're NC to I5c higher.
corn I55 cars; oats, LET cars: hogs. $500 head