Omaha daily bee., 1908-09-11
CHICAGO GRAIN AND PROVISION
Features of the Trading and Closing
Prices on Board of Trade.

CHICAGO, Sept. 1O.ABuns scored a de-
cisive victory In the wheat market today
/ cent above Yesterdays close, final quota
tions showing ret gains of lac in all de-
liyeries. Corn, oats and provisions also
The wheat market was strong from start
10 finish and closed at the highest point;
Despite lever cables and continued liberal
receipts In the northwest the market opened
firm. with prices a shade lower TO 1sc
higher. Within a few minutes prices, had
advanced about sc on buying by shorts
and bull leaders. Demand continued brisk
throughout the entire session and the mar
ket steadily gained in strength. The buy
ing was based chiefly on the urgent de
mand for cashDwheet at nearly all markets
in this country and on the large sales or
flour being made in the northwest on
output at Minneapolis was the largest since
early last spring. Millers were active bid
ders for 1bhs ht wheel FheRe and IN The wfst.
the premium being the, same as yesterday,
The cash situation in the southwest was
equally as builish, one report asserting thSt
cash wheat sold TO Chicago interests some
time ago. No export business was trans
acted here, and, according to a local eN-
porter. none is now in sight wins to days
advance, effectually shutting off all foreign
demand. This view, however, was not suS-
tanned by a dispatch from New York, which
reported sixteen noatloads worked there
for export. Another factor that augmented
enthusiasm was a report or a PorIiahd,
Ore, trade journal, which estimated the
total crop of oregon, Washington and Idaho
at l~9,S00,OO0 bushels less than last years
yield. The -market was also atfected by
dry weather in the winter wheat belt, watch
Is delaying fall sowing. Clearances OF
wheat and flour completed figures were
equal to 100000 bushels. Primary receipts
were 1855 $50 bushels, compared with s4l,-
COO bushels last year. Minneapolis, Duluth
and Chicago reported receipts or S65 cars
against sic last week and AS last year
The corn market also displayed decided
bullishness and the new crop months estab-
lished new high record marks for the sea-
son neramhpr touching 69aC ana MAY
67Sc. The trade Is rapidly becoming con.
WINGED that the situation In the corn oelt
growing out OF the continued drouth is
assuming an alarming aspect an9 thai
spell is soon broken. Demand was active
all day and offerings were not torthcom-
needs, shippers were active bidders Tor
cash corn and prices az the sample tables
were Il61c higher. The market closed
net gains of iM@ll4c. Local receipts, 2ia
cars, with 70 contract,
The4activify manifested in the wheat and
corn pits detTacted interest from the oats
market and consequently trade in that PIT
was quiet. Sentiment, however, was bull
ish an day owing to the strength OF other
by shippers at an advance Of &c. The
close was firm at net gains OF &d1sc'
Local recetpts, 20l cars.
The prucisions market was helped ma
teriany by the strength Of corn, a firm
s tone prevailing CD day. There was con,
Siderable selling OF October delivery and
buying OF Jsnnary, which caused the Jan
d uary Options 70 rule strong. A decrease
OF about 10 per cent IA hog receipts az
western packing s%eenters, compared VIII
also a builsh factor. The market closed
firm. with prices unchanged to 2NazZFt'
Estimafed- receipts TOR tomorrow; Wheat
IS cars Aehrn, i99 cars: oats. @S cars; hogs
i Iesdhng tdtnres range as follows;