New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-05-25
TAKING THEIR PROFITS.
rrA1N MARKETS LOWER UNDER REALiz'
ING SALES.
~,rAr AND CORN DECLINE IN CONSEQUENCE
REACTION FROM THE EXCITED AD-

.vr CORN DECLINE IN CoNsEoUENcE-A
,r.cr,oN FROM THE EXCITED Ap-
VANCE OF THE WEEK
IN. wheat market was less active yes ea.' carts
- nroet-takng sales declined z'zaS* 80
o"ue' rtsaav,a closing prices. The wild ana e~
,..a huv,ne movement OF the last re" ua'' ~
800 N have eliminated. and realizing sa,.'
now in order Only l3,32oOco busneis cna"e@ 49, aa-
yesterday The market opened irreeu'ai. -. 7o,
cl.ned for the July option 10 49, anu Daoar,her At
s.ntember wheat closed at 7s12 anu De'eo .,
M corn declined u cent, the sales amo""'"e
10 as 900 bushels "Duns Review lor 'oO"' '
regarding the wheat situation: =. A..
II wheat has been so greatIhS ny sudden rise of i,
sno,s in two weeks is justified the calam W Mnt
affect all business prospects o,I he IRON leather
erd hides stll rise and holders Of wheat woun
sell 80 cents 1weT pr, wears s"p pror to 1885 il
rent reports credited Some in1n n ydsnatche.
aoubtedyS been ha, IS really serious The fact is
that relief from long anxiety ahH 'nr Industry and
legitimate trade give yet no adequate deman no.
have excited the SPECULATIVE s Saye nothing to do
With cold facts The temper is to buy regardless
Of visible W e. n sms tam in wheat
sales in day Chicago alone OF Is in o"s the
els and 5sres renewed she frenzy in
sales in three days exceeding the wmU,e vs'o in
sto<ks. in OIL and In hides and leather az once a
recognition OF real Improvement In business ana
Western receipts Of wheat for three weeks have
been larger than last year in spite OF storms an1
fnp exnort as the similar rise did in April. 1884
which was followed by about the lowest price Ined
or not foreign markets viii take early occasion to
forfy Themselves from o, :, bushels
chicago MAY "a (SpeciaD-Wheat to-day dropped
about cents getting cents under the top price OF
yesterday July sold from 1914 to 7ess ana ciosed az
n cents Gables showed a bad break. 2h cents at
Liverpool but the decline here was brought ABOUT
most through the efforts OF the commission ho"ses'
They have been bringing all sorts OF pressure OF
,.,o,,or. N co,nnel them to quidate. on Thursday
they began 10 exact Decent margins on new pur-
chases There some taking or proh's u! '"e
country Thursday: good deal more 'o-u"S' O.op
damage reports were Just as numerous ou' Una.
was not the most pressing consideration. Inc cfo"u
Thought that Armour doing lot OF seiiins To-
dov The weather map suggested general showers
Saturday To-day's aggregate trade was not quite
SO large although 4, big day compared win
any ordinary one The cash trade starteu up AGAIN
sales TO mlllcrs exceeding 100000 bushels. Seapoaru
c,earances made q total OF about 3ooVU Inc e"eo'
Of the wonderful advance has been to increase the
Western movement somewhat. At primary points
to-day there were $4,000 against ls'oU iast year.
AT the two Northwestern points there were "a cars
against ls4 last year At night on the curb July
wheat was 1914 cents.
On selling out of long corn by New-forK ana by
st. Louis and because Of sympathy with the breai
in wheat corn to-day broke almost = cents ana
closed without much reaction from ne bottom ~
July opened at b4as cents. sold between ots ana es.
and closed al 53s. cents. Receipts were again very
large The Inspection 759 cars the estimate tor
Saturday $50 on the other hand, there was very
large Ca sh business almost 10000 bushels, some OF ~
for direct export. Charters were reported TOT '""
bushels. -, =. .s
chiefly a matter OF sympathy and large receipts
The CARROTS were 5o2 the estimate for saturday 40
r. We
opened at 81 sold between 81 and Sit ana closed al
297s cents. ,,., 49, ..o,,,s
caused a sharp decline in all sorts OF product A.
the close pork was 80 cents under THURSDAY, iaru,
cents under; ribs to w cents under. There we're
1900 hogs here: 1900 estimated for saturday Prices
ri the wards were 10 10 cents lower. AZ Kansas
City there were 5000 hogs: Omaha 1900: at 81:
Louis 5000 New-York liquidated considerable
line OF long pork. The packers were sellers On me
other hand there was considerable improvement
in the cash situation. particularly In the demand TOT
lard -, -. o,o.o, y, "a ..r,..
calls 5siS cents Puts on July corn closed al oz's
cents; calls at 54is cents.