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Show CMcago Grain t , Chicago, Aug. 9. Excited trading and advances of more than eight cents a bushel in the value of wheat resulted today from the United States government report, showing that the huge crop losses of late had been generally under-estimated. Dealers 1 gave chief attention to the fact that the yield this season would be but little above domestic requirements and that European needs greater than ever before, would have to be mainly supplied by the surplus carries over In this country from last year. Most of the consequent strain on the market mar-ket came at the opening of business, but the swift gains in prices then were not much diminished later, and in some cases were even enlarged. Opening quotations, which varied from 4 5-8 to Sc. higher, with Septem. ber at $1.3S 1-2 to $1.41, and December De-cember at $1.42 to $1.15, were followed by temporary setbacks from the topt side of the range, but in some Instances In-stances occurred additional upturns,. Corn developed Independent strength owing to the bullish nature of the government report as to the corn crop. The report, however, was not nearly so much of a surprise regarding re-garding corn as wheat. After opening open-ing 3-4c to 22 1-Sc higher, the corn muiket eased off to a slight extent. Oats mounted with other grain. Advances, Ad-vances, though, were not of unusual extent. lu provisions, the bullish effect of higher prices on grain and hogs was the chief factor. Nevertheless, the market kept within normal limits. Advices that the weather in Canada Can-ada was muggy and that black rust therefore would be likely to increase led afterward to higher prices. For. clgners were said to be active buyers both for immediate shipment and future delivery. The close was excited ex-cited at 10 5-8 to 11 3-Sc net advance ad-vance with September $1.14 1-4 to 1.14 1-2 -and December $1.48 to 1.48 3-8. Damage reports from Iowa tended later to lift the market higher than before. The close was strong at 1 5-8 to 1 3-4 to 2 3-S2 lf2c net advance. Chicago, Aug. 9. Active demand and the fact that the sqpply was small gave an upward swing today to the hog market. Choice cattle were in good request but other kinds appeared to drag. Sheep and lambs seemed to be overplentlful. Chicago Hog Market. Chicago, Aug. 9. Hogs Receipts i 26.000; market strong, 15c above yes-tei yes-tei day's average. Bulk. $9.65 10.30, light, $9.8010.35; mixed, $9.45 10.40: heavy, $9.3010.40; rough, $9.30(3; 10.40; pigs. $S.009.60. Sugar. New York, Aug. 9. Raw sugar steady; centrifugal, 5.95c; molasses, 5.18c; refined, steady; fine granulated, granulat-ed, 7.25 to 7.35c. Later the list declined under heavy commission house liquidation. Close was weak and 77 1-2 points net lower. Sales, 24,450 tonB. September 4.S3c; December, 4.45c; January, 4.20c. |