New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-06-08
THE TRADE ~ CHICAGO.

Chicago. June (specia).-consdering the de-
moralizat,on in wheat abroad the market here
showed comparative steadiness. Liverpool was
off 1%G7d the decline on the July being equal
to ST. cents a bushel There was a weak open
Ing here and the June and July never completely
recovered. but the deferred futures. which are
the active ones at times fully up TO last
nights prices and closed only fraction under
There was a bearsh Kansas report, a June
wlnter.wheat condition Of i03. Antwerp and
Paris 10 1ked almost as weak as Liverpool There
was an Increase ir the worlds visible Of 1853
600 bushels. compared with decrease OF about
that much last year. The low prices were at the
opening. A rally started by enormous
clearances from the seaboard. 1884 900 bushels.
most Of which was from New-York. Receipts
everywhere we're light only 10000 bushels at
urinary points compared with 100000 bushels
last year; only 116 cars in the Northwest. only
80 car. here and only 40 cars estimated for
Wednesday. The contract stock Of wheat. l.l9o. =
900 bushels showed a decrease for the week or
1877 900 bushels Letter reported no cash sold.
New-York. however. reported "a loads for ex-
port: ST. Louis reported wheat sold to France
which had been originally Intended for shipment
to Chicago. There was a pretty good-sized gen.
eral speculation. Around IS cents It developed
that there was a good sized interest willing to
buy September for a reaction. NewYork and
ct. Louis were sellers early. but covered later
So far as was apparent, Letter gave the market
10 support The buying was against puts and
10 cover shorta The temper 10 not so bearish
II IL argued that there has been a long decline.
and that while a great crop Is promised. II
may be delayed by rain or the prospect may be
upset by a multitude OF other influences. Sep
TENDER opened at IAN cents. sold between IAN
and 76h q 1914 cents.
Corn opened OF u cent. rallied cent. and
finally closed just at Mondays prices July
opened at 31x cents. sold between BIZ and
32hQ32A cents anc closed at 31%g31's cents
The Kansas June report made the corn condition
70. There were scattered showers through the
corn belt. The pit probably was affected by
exceedingly heavy rains here. There was an
inclination to cover shorts. The shipping de-
mand was still poor. New-York reported moth
Ing taken fer export. Liverpool was 1%G2nd
lower Country offerings were light Seaboard
clearances were $4,000 bushels. Elevator peo-
pie were the sellers notably Counselman and
Armour. The leading shorts were the best
buyers The sentiment is that the corn decline
has gone far enough and that. while the ship
ping situation could not be any worse than II
IL, the crop prospect 10 not first rate.
Oats were Irregular. Y cent lower al the open
Ing. The close showed half OF this recovered.
July opened at 22ia cents sold between 22h and
23I. cents and closed at 23 cents. The fuctua-
tons were with corn and wheat The shipping
demand poor the corn Country offer
ings were light. Receipts were POI cars. with
loo estimated for Wednesday Samples were
n cent lower. Seaboard cearances were 100. 900
bushels Trade In futures was light. Stop-loss
order selling by commission people was the
feature.
There was n lot OF liquidation OF long provi-
sions by outsiders. Prices OF all sorts OF prod
uct were lower; pork off IL cents and lard
and ribs were off 5T7ia cents. The heavier SELL
ing was by Darlington Hannah. possibly 10000
barrel of pork and 300 terces of lard The
packers were on both sides Hogs were 511O
cents lower, with $4,000 to-day and % 900 for
Wednesday. 1t Is a scalping market and will
continue all this month
On the curb puts on July wheat closed at So
cents; calls" 50 cents. Puts" on September
wheat. 74% cents calls" 1855 cents Puts" on
July corn. 31as cents: calls" 32is cents.