New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-11-06
CHICAGO eRAIN AND PROVISIONS.

y-t7irszo NOV Fresh news OF q reassuring
r7st1rs REGARDING the Argentine crop caused weak
ness IN The local wheat market to-day, but active
covering by shorts late IL the session resulted IN
r1n close. with prices almost unchanged compared
win the previous close Corn and oats were weak
but provisions were steady
TIE wheat market opened &c TO &c 70 sc lower,
following = decline Of I'D 70 1-sd al Liverpool, and
during the greater part OF The day sentiment was
t,aa-fsh and z further decline Of about l2c
corded IN the dnal hour. however the market "a
LED Sharply and al q the loss was regainec cos
ing prices being unchanged 70 &c lower, with De-
ce-nber 81 ss7sc and May a 81 052s The Argentine
situation again the Clle1 iIIlerl'e II ne local
market although slump o. nearly &c II corn prices
lad 2 marked effect The feature Of to-day's news
from Argentina was an Official statement which
resulted II a loss Of about 24000000 bushels OF
-, IN viez Of the fact thai this years acreage
was considerably III excess OF the previous years
acreage tie amount Of damage was generally con-
ESereo not alarming TOdays adVlces also claimed
that weather u Argentina more favorable Tor
the new crop The sharp bulge al the nrlsh was
due - heavy purchases by leading elevator n
reresL, which caused lively scramble among soI :
70 cover sales made Garner in me oAy- re - -
rnand inspired 70 some extent by report t--4I
export sales Of wheat at Winnipeg anu DCIlIA Ll7
last two days were IN the EelgloCrlooo OF -5V Qua
loads nearly double the amount previously report
Cd from, those two points. Demand for cash wheat
le~e WIS slow and no export inquiry reported
Sew York reported fair demand Tor casl wheat
bur actual sz-es for export ClearaesS o. "71-t
-four were equal 10 loz5,o99 bushes Frlllerg
receipts were 1884, bushels, compared with t5ivVo
bushels the corresponding day year ago. Mime
spcis Duluth and Chicago reported receipts OF III
cars, against $50 cars last week ana 81 cars Z yea
Eg5-
The corn market weak al day and prices al
the close were &c &c below yesterday maj
st.Ctsrtons Selling was general throughout the en-
tire session and the principal demand came from
shorts A report Of a local crop expert was re-
EpousihIe for the larger portion Of the selling. This
report estimated the nsw crop would yield 26-S
bushels acre-oue bushei an acre more than
figures given by the authority month
ago decline o. - 10 he IN the price Of the cash
grain additional bea-ish factor Weather
conditions were stu favorable for the movement Of
the crop and receipts are increasing Local
receipts to-day than had been estimated,
Icing l45 cars. with OF contract grade
oats were weak the entire day. owing mainly 20
me weakness OF wheat and corn. The cash market.
however WIS firm because Of continued light
ceirts The market closed weak. with prices &c
g. lower tie December delivery showing the great
81 loss. Local receipts were 129 ears
Provisions were weak result OF easier
tone in TIE ike hog market and because Of the
sIr,rl1r ~ corn Late IN the day nrIner tone de-
Z-lo4ed buying by shorts. and the market closed
steady with prices q shade 10 214c 70 DC higher
Estimated receipts Tor tomorrow: Wheat, 20
Ears corr IS cars oats S. cars; hogs $4,000 head