Omaha daily bee., 1908-10-13
CHICAGO GRAIN AND PROVISIONS
Features of the Trading and Closing
Prices on Board of Trade.

CHICAGO, Oct. IA liberal increase in
the visible supply of wheat in the United
wheat market here today, closing quotations
showing net declines Of h@hc. Corn, oats
and provisions were also weak.
Wheat prices we're advanced early in the
session.. despite lower Liverpool cables and
the, more optimistic news regarding the
Balkan affairs. Leading bulls were active
buyers and had things their own way for
q time, as offerings In the pit, after the
first few minutes. were so light as to inter-
pose little resistance to the advancing
tendency. Continued dry weather in the
southwest, as the result OF which the new
crop Ia said to be making a poor start,
with the Indications that the acreage will
pc much reduced because of delayed seed
ing, was the factor upon which the bulls
relied chiefly to carry on their campaign
for higher prices. Buying was chiefly "a
the July delivery, the price of which ad-
vanced precisely 20 from the low point of
the day. During the last part of the day
there was a great deal of realizing In EVIL.
dence, as a result Of which prices slumped
sharply, December declining from $1.02h to
N.O0Eb. This selling was inspired chiefly by
an Increase of SS,S11fO0O bushels In the avail
able stocks of wheat in the United States
and Canals, which caused the attention Of
traders to revert TO the big northwestern
movement of the new crop. Minneapolis
today reported receipts Of $50 cars, Dulut
so cars and Winnipeg 97 cars, a total at
the three points of 2,i17 cars, against 1,447
cars the corresponding day last year.
Rumors OF rain in the southwest also
a0h1Nh EOIlAG AAAAA AAAN AR19 AAOAAA AAAaAAA
apolis stated that the milling demand for
wheat continued good. with flour sales
large, but that export demand was indif-
rerent. Export demand In general was
slack, although twelve boatloads were re-
ported worked at New York, which re-
port, however, was not confirmed. The
May at almost the lowest point. Clearanoes
Of wheat and flour were equal to $4,000
bushels. The amount on passage increased
10000 bushels. Primary receipts were l.
$4,000 bushels, compared with 1.S5O.OOe
bushels the corresponding day a year ago.
Minneapolis. Duluth and Chicago reported
receipts or 1.SS0 cars, against 900 cars last
week and 941 cars q year ago,
Corn developed moderate firmness early
In the day as a result OF the advance IN
ing by small holders. weather continued
ideal for putting the new crop In shape
for market and the prospect of a liberia
Increase In movement in the near future
offset smaii current receipts and a larg,
Increase In local stocks. The close was
easy at declines Of He TO Rse. Local re
eeipts We're i1T cars witt twenty-seven cars
OF contract grade.
Oats 'wsre steady the early part of tn,
day. but eased off late In the session, owing
TO the weakness OF other grain. Trade wa
quiet all day, There was a good demant
for cash oats and prices at the sample
table, were steady At the close prices
were unchanged TO hQhc lower. Local re
Selling of provisions was general AM
prices slumpsd sharply. October pork
hHlSn nhu 4 Aenedtloudl Iioe az the CLOS
on Saturday, was offered down to $40. o
z decline Of 5oc per barrel. The extrem
Fluctuations in this delivery caused talk I
the effect that the board of directors woul
be asked to make an investigation. A 10
10 lbc decline in the price of live hogs wa
largely responsible for tho weakness OF tn
mhrket In general. At the close prices wer
unchanged to SL-3 lower.
Estimated receipts for tomorrow: Wheat
@eerss corn, III cars; oats, SS5 cars; hogs
1900 head.
The ieadlng futures ranged as follows: