New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-08-19
LESS TRADING IN WHEAT.
SUBsIDENCE OF THE EXCITEMENT ON TIE
CHICAGO BOARD OF TRADE.
THE FLUCTUATIONS WITHIN THREE CENTS
MANIPULATION IN SEPTEMBER CORN.
lBr TELEGRAPH To THE rRrsusE1

lbt IELtGhAPH To THE Tribunal
Chicago Aug. 1s.-There were indications on all
sides to-day OF evening up in the wheat trade both
this side and abroad. There was not nearly the
volume Of the trade; there were no sucb fluctuations
on Monday or saturday. Today,s ups and downs
were within cents; Mondays extended 10 10 cents:
Saturdays, to cents. December to-day sold be
tween al "a IL and III OF "a, and closed at al OF L.
Gables did not sill agree; generally however they were
lower. Inc markets the world over were called
Il" steady Beerbohm, although conceding a decline
at Liverpool Of lac 12 pence. even called that market
strong That was about the phase here Wheat
tended down, yet, all things considered the market
was a steady one
There was some talk from New-York of the ex.
porters and foreigners the great sellers Of Monday.
getting their lines back There were no indications
here of any such anxiety the part Of the foreigners
to hurry back into wheat on the other hand all the
people here who carried long grain for the other side
so long and at 80 great loss, and who finally sold
out for them so fortunately Monday declared that
the foreigners had been made much more conservative
by their recent experience and that it was certain that
the great French merchants would not again take such
risks as they had just been relieved from
Public cables announced that the official estimate
Of the Russian rye crop made it 22s 900 than
last year. That would still give Russia rye crop OF
about 41oO00O0O bushels. A private cable from
Qunlan, who is In London. to II. V. Lester
said that London had the report that
Russia would also prohibit the export Of wheat That
message jumped the market TO the top price Of the day
AS the public advces however, all Of a different
tenor predicting that Russia would be apt to with
draw its prohibition of rye exports in the fall the
influence OF the cable gone The decrease
Of 100000 bushels in the amount passage known
before the opening but had little effect The seaboard
reported little export business completed, only
twelve loads at New-York. To-day's cearances were
good, $4,000 bushels out of NewYork. Baltimore and
Philadelphia. The news from the Northwest was, as
it has been right along of the favorable sort In
regard to crops. There twenty-six cars of new
spring wheat here and although the arrivals at Mime
apo4s and Duluth stin small, the prediction
made that the rush would begin later than next
week Harvesters at work everywhere, it
There trouble announced from the Clearing
House 1t is felt that all danger is passed.
There was indication Of manipulation In Sep
TENDER corn than on any other day far September
sold from 90 "a to GO 16 cents and closed IS rs
cents. Buying orders apparently sent from New
York by Hutchinson. The weather continues splendid
TOday's receipts were 615 cars; the estimates for
Wednesday only 334 cars. There continues init
nation that foreigners viii to degree substitute corn
for rye wherever possible. oats dull September
selling between 20 Is and 2s IL cents and closing
26 "a cents. Cudahy covered considerable pork to-
day That and the rise In corn brought about little
advance. Manufacturers, however, free sellers
of ribs and lard. The hog receipts only u 900
head the estimate for Wednesday only $4,000 head.