New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-07-06
THE TRADE IN CHICAGO.

Chicago. July 6.-There a general desire
on the part Of those who covered short wheat
last week to put It out again to-day. Those
who carried wheat over the holiday were equally
glad to get rid Of 1t. There was no support to
the market worth mentioning. The wheat SIM
ply passed from hand to hand. with the price
all the time making lower level Kaufman,
the big st. Louis bear, put mis- wheat again.
and there was very liberal and general selling
by local professionals. There was just enough
covering by scalpcrs and timid shorts to cause
a feeble rally at the close. Nevertheless there
was decline for the day of 2I 70 212 cents
throughout the list An attempt to make a high
opening by bidding the curb price one cent above
Saturdays close proved abortve. The desire to
sell altogether too general and buyers were
altogether too scarce. The bullish news on which
the curb was advanced was the Liverpool adj
vance and decline Of nearly 100000 bushels
passage To Offset this the excel
lent weather, both in winter and spring wheat
territories Exports since Friday were liberal
at 1,26000O bushels. The visible decreased
1924 900 Geddes sold 100000 bushels wheat
already In or aioat for Great Britain. There
were numerous inquiries from Kansas for bids
on new hard winter wheat, and responses were
hard to find. The local leaders the selling
side were Baldwin Quincy Councilman Day.
tiette-Frazier and Brosseau. The only APP
parent buying was on scattered orders through
the various commission firms. July wheat
opened at 76M to 1854 cents. and sold down to
49, cents where IL closed. September opened
from II to 7O1a cents
Corn had very irregular opening, but like
wheat. declined straightaway. Weather was
excellent the crop reports that came In were
better than heretofore and the weakness In
wheat Of course an influence. Nevertheless
corn was not SO weak the more important
grains. The reason was a slightly better cash
demand and the general belief that curren.
prices more nearly represent the actual value
than Is the in wheat There was per.
ceptible narrowing Of the July-September diff
ference Charters were for $4,000 bushels at
q cents to Buffalo. July opened at S2ls cents,
declined to BIZ cents where II closed. Septem.
Dor opened anywhere from 1914 to 1925 cents,
sold to 32H cents and closed at 32$s cents.
Oats simply reflected the action IN other
grains The opening higher in sympathy
with the strong curb market for wheat and
corn. and there was a straightaway decline OF
y cent. Very little OF this had been rayered
at the close. The crop prospects were better
than heretofore reported. There was a slight
Improvement In the demand for cash grain.
Charters were $1,000 bushels July oats opened
at 22A cents. declined 10 2il2 cents. closing at
21% cents. September opened at 20l2 cents. sold
from POS down to 1871 cents. and closed at 1884
d197s cents
Provisions opened strong because OF a better
hog market at the yards but sagged gradually
under the influence OF grains and because Of
scattered sales by packers and miscellaneous
commission firms. Receipts OF hogs at the seven
Western packing points were 1893 900, against
40 900 year ago. September pork opened at
50 49, sold to so 60. and closed at 50 G2. against
80 671a Friday. September lard opened at
IS 47ia declined to 50 3215 TO IS 35. and closed
at 50 80. or 10 cents below Friday. Ribs lost
~ cents.
On the curb puts on September wheat closed
at 87ss cents: calls. 62l? cents. Puts on Sep
TENDER corn. 82A cents; calls, 32a. cents.