New-York tribune., 1908-08-28
cHIcAGo GRAIN AND PROVISIONS.

Chicago Aug 27-A slackening in export demand
and generally favorable weather for the movement
IN the Northwest were factors that contributed to
an easy close in the local wheat market To-Day
Corn oats and provisions closed Arm
The wheat market inclined TO be weak at
the start opening quotations being unchanged 10
Isc TO &c lower. The influences that created thls
bearish sentiment were lower cables ana weatnet H
conditions in the spring wheat country. Ihe ram
predicted for last night for Minnesota and the Da-
kotas failed materialize. except In portions OF
Minnesota and reports received to-day lndlcateo
that although harvesting had been somewhat de-
laved across the international boundary line by wet
weather the new crop in the Canadian provinces
would be ready market at early date
Toward the end OF the first hour the market pc
came firm, owing buying OF September by shorts
and cash interests, the latter taking the nearby
delivery and selling December. This resulted In a
narrowing OF the premium on December TO only &c
above September and caused September TO advance
from $3.50 to 95c Sentiment became bearish again
late in the day and prices yielded TO entirely ND
eraI profit taking by local holders The weakness
was partly due 10 the poor demand Tor cash wheat.
With the exception of few bids for Durunl wheat
and for hard winter wheat for august loaulis' ~
there was no export demand to-day. ana no casn
sales reported. New York however reported
ten boatloads for export The market ciosed easy
with prices lac TO sc higher to 1sc TO tsc lower
Septernber closed e41ec and December at 94H4c
10 e47Sc Clearances of wheat and -four were equal
70 4S4 600 bushels. Primary receipts were 'S3.Ooo
bushels compared with $4,000 bushels the CORE
sponding day a year ago. Minneapolis. Duluth and
chicago reported receipts OF 412 cars against 2lS
cars last week and '220 cars year ago.
Small receipts and an excellent demand Tor the
cash grain caused strength in the corn MARKET
Offerings in tho pit we're light nearly all day Re
caivtng, houEes reported that almost no corn was
being offered from interior points The price OF
the cash grain 19c higher and total sales We're
estimated at 200 000 bushels. The market closed
firm with prices Asc 10 asc above yesterday Iast
o,otatios Local receipts were 25S cars, with 81 OF
contract grade.
oats were strong all day. particularly the May
which advanced SIC. new high point Tor the
cron Offerings from the country were very !lgflt
and the shipping demand was fairly brisk Cash
sales here toalled 10000 bushels and prices al 'le
sample tables were up 19c. The market was bull
shly affected by the weekly report OF SlrclhiAt a
trade journal which claimed that the new crop OF
oats would prove u disappointment as TO the yield
and as 10 the quantity OF Hight weight gram.
closa was strong with prices up 'sc to &c TO nc
Local receipts were 2l7 cars
provisions were firm. owing to smaller recelpts
of live hogs at Western packing centres Total ar
ri1-als To-day were estimated at $4,000 compared
with n 900 the corresponding day year ago Loca
aclers were disposed to buy because OF an I'M
rrovernent in shipping demand At the close prices
were a shade to l21ec higher than the previous
close. ?,
Estimated receipts tor tomorrow: Wheat. 81
cars: corn, 221 cars; oats, 2ls cars hogs 5000
head.