New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-09-12
CHICAGO GRAIN AND PROVISIONS.

Chicago Sept 11-Prof1t taking large scale
caused a weak close in the wheat market to-day
following a moderate bulge at the start, final quo
tations showing net losses Of &c TO sc to sc TO &c
The corn market also closed weak after establish
ing new high marks for the season oats "ers
weak, but provisions were strong.
The wheat market opened firm, with prices a
shade lower to 9sc TO nc higher, and during the
first hour fresh gains of nearly lc were MADE IN
all deliveries a result of active buying by bul
leaders. The bullish enthusiasm seemed to be based
the excellent demand for -four in the North-
west and the brisk inquiry for cash wheat at
all the principal centres in this country, News OF
the day failed show any new feature which would
tend to encourage increased holdings Of wheat
On the contrary. the Liverpool market was easy,
and the movement in the Northwest was again eA,
ceedingy liberal Receipts at Minneapolis ana
Duluth to-day more than four times as large
they the corresponding day last year. oelns
994 cars while the total primary receipts were more
than double the receipts year ago. Ao"dlu lno
end OF the first hour long wheat in large quantities
began to come into the pit. number OF the lead
ing longs apparently taking advantage or the early
bulge dispose of part of their holdings. AS the
session advanced offerings became still more lib
eraI and before the end of the day more than
five million bushels it was claimed had been sold
by about dozen traders. These heavy sales caused
q sharp slump in prices late in the session. from
which the market failed TO rally. The market was
affected to extent by an accumulation OF
stocks in the Northwest, Duluth reporting an IN
crease OF 400 900 bushels for the week and Min
neapolis claiming increase Of 5000 bushels. New
York reported u boatloads had been taken for
export, but locally the export business was at q
standStiu. Demand for cash wheat mere was tame
at yesterdays premiums. Outside markets for cash
wheat were firm early, but weakened later in the
day. The market closed almost at the bottom
ClearanceS of wheat and flour were equal to DO,Wo
bushels. Exports for the week. as shown by Brad
s+reet's were equal TO 100000 bushels. Primary
receipts were 1561Oo0 bushels compared with $685.
90 bushels the corresponding day a year ago Min
neapolis. Duluth and Chicago reported receipts OF
1907 cars against 59S last week and 40I cars
year ago.
All deliveries Of corn sold at high record
marks for the season. September at one time SELL
ing at slssc December touched 702sc and May 5s1so
The fresh advance to-day was due to an active
general demand based the continued drouth IN
the corn belt. Nc relief from the excessively dry
weather in sight, the Weather Bureau predict
ing clear skies for tonight and tomorrow. After
the first hour sentiment became less buIllsh as q
result of liberal realizing sales. the selling being
especially free IN the crop months. This
caused decline in those deliveries, but the Sep
TENDER option held relatively steady by an ad-
vance of 1tc TO 1c IN the price of the cash grain
The market closed easy, with prices hc to &c lower
TO Ssc higher. Local receipts were 261 cars, win
IS cars of contract grade.
Extreme dulnesS prevailed in the oats market
the interest of traders being centred in wheat and
by these markets being firm early IN the day and
weak toward the close. At the sample tables cash
oats were firm to 1bc higher. The market closed
easy at declines Of Nc to sc to Sc Local re-
ceipts were 1S5
Trade in provisions was active and the market
was strong all day. Local packers were fair buy
ers of nearby deliveries. while outside investors
bought the January products. The strength of
grain and further advances in hogs values were
the chief builish influences At the close prices
were I'D loc to zoe 22ac, compared with the pre-
vious close.
Estimated receipts FOR tomorrow: Wheat. 81
cars corn. go cars OATS 299 cars; hogs. 1000 head