New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-09-11
cu,cAGo GRAIN AND PROVISIONS.

~bicapo Sent 1O-Buls scored a decisive victory
in the wheat market to-day and succeeded In torc-
IT, nr,cee more than 1c above yesterdays closing
quotations final figures showing net gains OF I3%c
in all deliveries. Corn oats and provisions also
closed strong Ell.
The wheat market was strong from start TO finish
and closed at the highest point. Despite lower
cables and continued liberal receipts IN sne Noltn
west the market opened firm, with prices shaue
lower to nc higher. Within few minutes prices
had advanced about 1zc on buying by shorts ana
hun leaders Demand continued brisk throughout
the entire session and the market steadily gained
In strength The buying was based chiefly on the
urgent demand for cash wheat IN nearly al mar
kets I'm this country and the large sales or four
being made in the Northwest One authority claimed
that last weeks -four output at Minneapolis was
the largest since early last spring MIXERS W.
active bidders for cash wheat mere ana IN ths
Northwest, the premiums here being the same as
Yesterday The cash situation in the southwest
was equally bulIsh, one report asserting that
n Kansas civ concern had bought back cash wheat
sold 10 Chicago interests some time ago. NO ex-
port business transacted here, and ACCORDING
to a local exporter is now in sight, owing 10
to-days advance efectually shutting OH all Foreign
demand This view, however, was not sustained
nv dispatch from New York. which reported 10
boatloads worked" there for export. Anotner
factor that augmented enthusiasm was report OF
Portland (Ore) trade journal Whlch estimated the
total crop OF Oregon, Washington ana ioaho at
10 500 00o bushels less than last years yield the
market was also affected by dry weather IN the
,.,,nter wheat belt which IS delaying fall sowing.
CIearances Of wheat and -four Gncomplete hsures)
were equal to 100000 bushels. Primary receipts
were 1855 900 bushels, compared with s4looo push-
CENTS of s53 cars against Gle cars last week and
443 a year ago.
The corn market also displayed decided bullish-
ness and the new crop months established new
high record marks for the season, December touch
ing ssAc and May 67fsc. The trade Is rapidly De
coming convinced that the situation In the corn
belt growing out of the continued drouth is assum
ing an alarming aspect and that great damage Will
result unless the dry spell is soon broken. Demand
was active all day and offerings were not forth
coming in sufficient quantities to supply the needs
shippers were active bidders for cash corn; and
prices at the sample tables 19c to lie higher
The market closed strong at the highest point OF
the day at net gains of 11sc to INC to 1Ssc Local
receipts were 243 cars with % OF contract grade
The activity manifested in the wheat and corn
pits withdrew interest from the oats market and
consequently trade in that pit was quiet Sentl-
n1ant however, was bullfsh all day, owing TO the
strength of other grain. Cash oats were In moder-
ate demand by shippers at an advance or Ac- Inc
close was firm at net gains Of sc.to 1ac. Local re-
ceIpts POI cars.
The provisions market helped materially by
the strength of corn, a firm tone prevailing all day
There was considerable selling of october deliveries
and buving Of January, which caused the January
ontions to rule strong. A decrease of about 10 per
cent in hog receipts at Western packing centres
coropared with the corresponding day year ago
Was also bullish factor. The market closed firm
with nrices unchanged TO zoe to 22lac higher.
Estimated receipts for morrow: Wheat 81
cars: corn 1879 cars oats, 206 cars; hogs, 1900
head