New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-07-16
THE TRADE ~ CHICAGO.

Chicago July IL (SpeciaD.-Corn was by long
odds the leading market to-day The specuia'oi
who went home last night expecting that whea'
would be higher because Of rain In the south
west came down to-day and found that corn
was higher. owing to dry weather everywhere
Stranger still the advance In corn was sensa'
tional enough TO make wheat traders torse'
that the influences surrounding their marker
were bearish and this grain tailed after the
corn market All OF the od-time local bulls IN
corn were buying heavily from the start to the
finish, except for occasional intervals when they
would abandon a part Of their holdings for the
purpose Of scapng out a better average price
on their entire line. In addition TO the dry
weather there was a disastrous frost last night
In the northern counties OF lower Michigan
There was also a good shipping inquiry. but the
market was TOO strong to admit Of much busi-
ness Charters were for 100000 bushels at =
cent To Buffalo September corn opened at 81 to
31X cents and sold up to 1874 cents at the close
Both prices were extremes.
In wheat the market was a narrow one but II
closed at q net gain from yesterday. Aggre-
gate receipts Of new wheat at the four principal
winter markets were 225.0OO bushels. against
265 900 bushels at the same points yesterday.
Total primary receipts were 2o5.ooJ bushels.
against 800 90 bushels a year ago. TOLEDO ana
Baltimore each reported heavy offerings or new
wheat from Indiana ana Ohio Toledo said that
SOC cars had been accepted on the bids sent OUT
last night. The market was too small TO admit
either OF heavy purchases on the declines or or
large sales on the advances. Moderate transac-
tons checked the movement either way ana
the net rlnge a. cent for the active months
Local receipts were 43 cars OF which ~ were
new. Estimates are for so cars here tomorrow.
September wheat opened with sales at 81 cents
UP to 67I cents. sold as high as GIN cents and
closed at the price bid. Armour & Co. reported
the sale Of $1,000 bushels No. | Northern wheat
at 80 cents This is half Of the local stock OF
that grade.
Oats sympathized with corn. but did not make
ss great gain. The short interest was large
and much Of il was forced to cover.
Provisions started steady scored material
advance under buying by packer and local
SPECTATORS broke back almost to the opening
prices on heavy realizing sales by both these in
terests. then came up halfway to the high point
at the close. There were acceptances Of 1000
tierces Of lard overnight by foreigners. and there
was a continued good demand for all sorts OF
meats Pork made a better gain than other
products. September pork sold between 81 92is
and $40 10 The opening was at 50 95 and the
close at S1OO5 asked. Lard opened and closed
at 50 67ia for September the low being S. 80
and the high 81 12ts. September ribs opened at
81 67ia. sold to S5 * and 81 81 and closed at
So 72i. asked Receipts Of hogs ut Western
primary markets were GO6OO against IS 100 a
year ago.
on the curb puts on September wheat closed
at 67% cents calls 6S2s cents Puts on Sep
TENDER corn. 32s. cents: calls. "a cents.