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

Chicago Sept S-The government crop report
caused strong upturn In wheat prc cess;on re-
! but liberal profit taking late In the session ~
duced the gains to a slight lead at the close COM
! pared with final quotations of the previous Ses
sfoa Corn oats and provisions closed strohs j..
The condition of spring wheat at the uihe Vi
harvesting. according to government .rad
776 per cent of a normal crop, co I ..aI
with SO7 per cent a month ana the to."'
yield was estimated at 336.OO0.0e0 oushels
report was generally considered of Dulhsh cisi
acter inasmuch as the total yield was estlhateu
at only about 5000 900 bushels in excess OF Aass
years crop and while last year the stocks oI ON.
spring wheat in terminal elevators and at liteii
points large. the reserve in store az Any, .i.
present time is small. Prices responded Ieaunts
to buying which followed publication OF the Ie
port, and advanced to point / nc to * apoxe
the low marks of the day. The fnarke' n s - 20
viousIy DISPLAYED considerable strength OWING 10
moderate demand by commission houses, oesp 1
a decline of than Id at Liverpool anu @ ari
despite liberal receipts in the Northwest.
movement in the Northwest. however, was NOT
so heavy as had been expected, total arrivals w
day at Minneapolis and Duluth being l,ooo car ar
while about $500 cars had been preoicteu
port business to-day, according to al1hosl ul G
nous reports. practically NIL but IoTty "
boatloads reported having been W1I 80
since Saturday Cash wheat premiums dlsplayeu
a declining tendency at all markets IN TINS COuH
try the hard winter variety showing the greatest
weakness here while spring wheat in the E>oI'"
west was weakest owing to the liberal move
ment LEGAL cash sales estimated al wv
bushels The market lost nearly all It's strehs III
late in the day because of free selling LOT pio
and closed barely steady, with prices uHcian -
to lac higher compared with the final quotations.
of Saturday CIearances of wheat and flour were
equal to 100000 bushels. The amount ON pas
sage increased $4,000 bushels. and the visible
supply increased 2.511000 bushels PRIMARY ~, re
ceipts were 2194 900 bushels compared with 'i4'-
600 bushels the corresponding day year ago
Minneapolis Duluth and Chicago reported re-
ceipts of 1918 against foS cars last "eeN
and 991 year ago
Continued drouth in the belt was the chleA
reason for strong market for that cereal .ie
government report having very little erect nc
government figures, which showed the condltioii
of the crop to be 1914, against S23 month
Numerous reports received to-day telling OF
corn drying up, and there were also adVlces
which claimed that the crop in Northern 1hulaIi
had been damaged by frost. Corn at the saiIPIe
tables was up &c to 1C, despite liberal receipts
there being a brisk demand by elevators ana
cash interests The market closed strong with
prices " IS to q above the previous close,
Local receipts were 42O cars, with $50 or contract
grade ,. M
Trade in oats was light and the market was
firm chiefly on account of the strength OF Wied.
and corn Cash prices were steady TO &c nIS!eL'
The government report, which showed condlloIl
of 6g.7, compared with 1868 last month. cdIS -
considerable covering by shorts and helped 70
hold the market firm The close was nrIn. VII, VIII
prices &c TO Nc to % higher than oa'uiu aS .
close Local receipts were 3SS cars -, -.
Provisions were dull but firm The marheI
was bullishly affected by the strength or corn anu
bv small receipts of live hogs at Western pack
ing centres The total arrivals of hogs to-day
we're estimated at about 5000 head In excess OF
ing of October lard by packers and shorts WaS
the feature of trade The market closed firm with
prices 21zc TO 10c TO 1910 higher than the pre-
ESTIMATED receipts for tomorrow: Wheat, 40
cars: corn 1872 cars; oats, 253 cars hogs, $4,000
head.