New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-05-18
THE TRADE IN CHICAGO.

Chicago May IT (speciaD.-Wheat spectators
would nav no attention to-day to the bull signals
which came from the foreign markets. Liver
pool closed 1f3d. higher; Paris was up little.
Export people at the seaboard claimed they
could get much better prices than on Monday.
There were all those helps which week or two
ago were booming prices here. but they were ig-
nored Western receipts were enormous; warmer
weather was making its appearance West; FUR
thermore there was a belief that the big bull on
this side had something TO DO with the strength
at Liverpool. Consequently wheat prices here
were lower than yesterday, In spite Of every
thing that came from abroad. The May wheat
sold at 81 45 and at 81 20. and closed at 81 4a17
The trade In the May was exceedingly light, not
over $4,000 bushels. which vas something OF
mystery considering the large local receipts.
The July up and down. selling at 81 10 and
at 81 o. and closing at 81 0S The impression
was that Letter selling July on the strong
places The pit felt certain Of that. 1t looked
for instance, as II all the July wheat anybody
wanted tap early at 81 10, and later at a
lower price. The general trade was In Septem-
ber and II was not large even AZ that. For al
most week there has been point going
around to buy September. and those who acted
on II made money. II looked to-day as II that
point had become too popular. September opened
at Oh. cents, sold between 90 and S9as cents
and closed at sos. cents 1t was a toss-up for
an hour between the higher cables and the big
receipts but the influence OF the latter grew
the day advanced. There we're 734 cars here
with 400 contract. and with $40 estimated for
Wednesday The Northwestern receipts were
500 cars compared with GO last year. At pri-
mary points there three times the receipts
$4,000 bushels last year. There was a good
sized out inspection. $4,000 bushels. but 1t just
about took care Of the receipts. The decrease In
the worlds visible s93 900 bushels, was less
than half the decrease last year. The contract
stock OF wheat. 100000 bushels. showed de-
crease for the week OF 151 900 bushels.
Corn bulls wanted their profits to-day In ad-
dlton to that selling there was a good deal by
shorts who thought 1t time to get out a
new line they had been compelled to take in at
a loss II was easy TO where at least
5,00O.OOO bushels OF corn was sold to-day for
July. and half Of It was by longs The market
lost only cent. July opened at 36a4 1864 cents.
sold as low as 80 cents and closed at the bottom.
Receipts were 1.191 cars. with $50 estimated for
Wednesday. Samples were cent lower. Liver
pool Nd. higher futures. but I'd lower
spot. Shippers reported a slow demand
Clearapces were 734OOO bushels The selling
which counted in the pit by Counselman.
Comstock. Champln. Bartlett Frazier. Brosseau.
Barrett Farnum. Baldwin-Gurney and Trego-
Smith.
Oats lost Il cent. in sympathy with the wheat
and decline. There slow shipping
demand. Receipts were 485 cars. with 1875 esti-
mated for Wednesday There enormous
cearances. 10000 bushels. but they were ig.
nored In two days there have cleared from the
seaboard 100000 bushels oats. July opened at
26%. cents and closed at 26A q26% cents.
There was too much liquidation Of long provi-
sors to keep UP the advance which has been
under way for SO long. Cudahy started the SELL
ing: the Anglo-American. the Chicago Packing
Company and others kept it up. Early brovl-
sons showed some advance. They were irregu-
lar. Declines were shown all around at the
close. Pork was off Is cents. lard OFF 17h@2O
cents. ribs off 20 cents There large hog
receipts West, but prices at the yards here
1OI15 cents higher.
On the curb puts on July wheat closed at
81 oss calls" It 81 II Puts On ssptenabsr