New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-12-14
4 BREAK ~ DECEMBER WHEAT.
THE PRICE DROPS ~ CENTS IL CHICAGO. BUT
RECEIVERS CENTS BEFORE THE CLOSE.

THE PRICE DROPS ~ CENTS ~ CHICAGO. BUT
RECEIVERS > CENTS BEFORE THE CLOSE.
Chicago Dec 10 (speciaD.-There break IN
December whoa, to-day OF ~ cents. the price fall
ing from % TO s7i cents and closing at s9s cents
January and May sympathized. January closed az
ssi. cents May sold at sl'sasl% and at soia cents
and closed at sii2 cents. There was rush OF cash
wheat In to-day. the result OF the extraordinary
prices which ruled last week. There was cargo
from Toledo and another from Buffalo. One eleva-
tor concern had 800 90 bushels OF contract wheat In
by vessel II was figured that about 5000 bushels
contract were In here to-day.
The December bulls attempted no support 70 the
market Indeed they sold a little. Armour sold
most, There was a scattered December selling by
ALL sorts Of interests all OF IT. however. on a small
scale The December trade certainly did not exceed
200 0O bushels and might not have been more than
hall that. The special Government crop report Is
sued a, noon Washington time. raised the crop
estimate from i6i $4,000 bushels In October TO $780,
5000 bushels to-day II suggests an exportaoie
surplus OF almost 100000 bushels for the next
six months.
Cables were easier both Paris and Liverpool
closing at a slight decline. The worlds shipments
slSOo0 bushels. were less than the previous week
By about 100000 bushels. The visible supply de-
creased iOl ocJ bushels. The crowd was looking for
AN Increase O. about 1000 90 bushels. There was
a small decrease on passage, $3.50 bushels me
English visible increased otOp puS Viii bs abont
a stand-or. Cearances were $1,000 bushels. he,
Urinary points against SIC 800 b. shells last year:
! 2B cars at Minneapolis and Duluth against ITO;
81 cars here against ~. .
The trade was unlmportant. Everybody waited
for the Government report. After L was out there
was little Increase In the selling. Tho Letter party
appears to he merely standing on It's December line:
The inspection sheets to-day showed there had
been n rush OF grain In this direction from every
quarter as much. probably as 10000 bushels con-
tract grain in the torty-eight hours. little In
oury showed that the inspection sheet did not
begin 70 show all the arrivals one elevator con
river. not bushe OF which had been Inspected
Armour and Weare had cargoes IN, ana the car
lots showed "A Jump. The majority OF this grain
was 20 MI shorts made months ago Some or IL
had evidently been brought. however, TO get the
benefit OF the Chicago December price. There was
n scattered December selling. largely by elevator
people against new receipts OF this sort. Armour
torest The December bulls themselves sold more
or less December in order 70 hasten its decline. ,
The Letter party did to-day what their friends
thought they ought to have done last week-et
down December. They DID not sell much, because
the market would not take much and because
Armour was selling enough TO make the price weak
but they finally helped to break the price Every
body Is stu astonished that the December bulls
permitted any such price as ruled last week To-
days receipts clearly showed the results OF the
CHICAGO premiums Minneapolis advices were that
tho Letters had people buying up there IN order
apoils grain down here. The elevator people are
stil keeping the December bulls in tho dark as TO
the amount OF contract grain they are to get
Practicaiy no delivery has been made by the big
shorts-Armour and Weare. Darlington Hannah de-
iyerod out 100 900 bushels to-day.