New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-05-02
GRAIN AND PRODUCE MARKETS.
FEATURES OF NETWORK DEALINGS.

FEATURES OF NETWORK DEALINGS
NEw-YoRK. May l.
Influenced by the more pacific news from
Europe to-day tho grain markets opened weak ana
lower. wheat showing q sharp decline. Traders nav"
6xed upon an Anglo Russian the event to decide
the immediate speculative course OF wheat and while
tho bears concede that the outbreak OF
hostilitios might possibly cause temporary
rise, they argue. and many pulls re,ue ahtiy
au tho fact with them. that with no stimulus such Ms
niuht come from a European collision the Statistical
position Of The cereal must bring s INTO NO
cautious m operations, while the question OF peace
Treos urtnated rrosularly hut light volume OF bust
ness was transacted. The course OF prices was down
above The lowest points OF the day.
Wheat dropped llsalSs cents to II o2,s Tor May:
options Corn f, sss = cent ending a follows; May
5sl juno 57os and July 5sie cents Oats were ea =
cent lower at I2Is for May. 42s for june and 40
cents for July. The provision market was easier ANA
lard closed OF al cents as follows: May u III june
81 10: July. ~ -; and August. " 80.
At New York, Baltimore Philadelphia and Boston the
reccps OF grain today were Wheat. 1875 bushels
corn, "a All bushels oats Al Sl3 bushels; total grain.
OF 0lO bushels Hour. 2i.73 barrels The receipts AZ
Chicago. Milwaukee, aud 81 Louis were; Wheat 5Y.412
bushels corn l55.72i bushels, oats, lt7434 bushels;
total grain 1872, GOO bushels flour. 2-,532 barrels
THE TRADE IN CHICAGO.
CHICAGO, May 1 (SpecidD The May de-
livery orcupied the nrst hour usually devoted 10 bust
ness but aside from the indications pointing to arrange
monts for a corner in June corn. tLero WIS nothing
worthy OF Little was delivered, and the Les
ter crowd was holding though suri~ed that IL
was because they unable to lot go. The largest
amount OF grain 20 single firm was handed over TO w
T. Baker Co.. while the holders of the provisions are
virtually unchanged.
The longs In wheat did great amount OF unload
ing NJ the start The June option which closed last night
NJ g3a cents opened cent lower and In the morning
session there steady decline. The oplon closed
weak at 02s cents At one time there was some noapS
buyiug on the decline, and tho price was raised TO Us
oents but the feeling In the crowd wastoo bearsh TO
allow t TO stay The trading throughout was only
fairly nctve The noticeable buyer at the lower nsufes
was J. b. Hobbs who bought heavily in quiet inahner
The June option In opened ut Asia cents. decline
of 81 cents from last ghts close. On the decline some
of the larger houses bought In lot oil the option
Fleming & Boyd evncing u liking for May,
while Everngham & Co. bought July. III W us u fdrIy
active market. Later In the session the :" bears y
Rounded July and bought largely OF May The result
was that the May option put up to within - cent OF
July June closed a ASA cents. May at ass cents and
July ut 494 cents. M
The provision market was heavy throughout The
changing the options continues to be the only feature
10 was noticed to-day that the current was widening out
NAV is changed June at from IL To 20 cents preu
and June aud July 30 oonts. The June option closed
last night at $il n, opened ut I'll 90, sold up 10
Sll 82ia aud ut u. m. closed at Sll 57i
The close for the day nc $50 D. m. was June wheat,
92Il cents; July wheat. 944 centsi June corn, As
cen:s July oOrn 49i4 cents June pork, Sll co. July
pork $l1 20 June lard 80 90 July lard, w.