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Show Chicago Grain Chicago, Aug. 8 Lower cable quotations quota-tions had a depressing effect today on the wheat market here. Accompanying Accom-panying cable advices tended to in-"crease in-"crease 'bearish misgivings here that the United States government report this afternoon would not confirm extreme ex-treme estimates of damage done to tho domestio crop. The bulls were also handicapped by word of beneficial rains in Argentina, Opening prlceB which ranged from 5-8(gi3-4c to 1 l-'c lower, with September at $1.31 1.3 to $1.32, and December at $1.35 1.2 0 $1.36, wero followed by a moderate additional setback. Rains In Kansas and Illinois weakened weak-ened the corn market. Many longs unloaded their holdings. After open ing 3-8 3 1-2 to 1 1-So down, prices" mado only slight rallies. Oats gavo way to other cereals. Not much power to recover was shown Higher-aupjationa on hogs put , Reports of liberal wheat export business busi-ness at the seaboard and at Winnipeg helped later to bring about an upturn. Besides, advices from Canada indicated indi-cated that black rust danger was becoming be-coming worse. The close was firm, 1-4 to 5-8c net higher with September at $1.33 5-8 and December at $1.37. Subsequently covering by shorts together to-gether with the later strength In Wheat led to considerable hardening of corn prices. The close was unsettled un-settled at a range varying from l-4c off to 3-47-8c up, as compared with yesterday's finish. strength into pork and ribs. Lard, however, was weak, owing to selling by a leading packer. |