New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-07-01
THE TRADE N CHICAGO.

Chicago June 80 (SpecaD-There was a
strong wheat market up to noon There were
crop complaints galore Some OF them that
came from Kansas City would make one be-
lieve that there was to be crop calamity in
stead Of the biggest crop on record as incl-
Gated by the Government figures only three
weeks ago The speculative demand for wheat
was still from shorts and the best buyer to-day
was the same as the leading buyer yesterday
Kaufman Of ST. Louis. But he evidently
finally got filled up to-day In the last hour
the market turned weak; all the early advance
was lost and after showing to 1le cents gain
over Wednesday the close was "a 10 Ss cent
under September opened at 6Sis to 6s7s,
sold between 6SIA and 69s and closed at 6Sls
cents Every one bore in mind that there was
a triple holiday ahead. ard IL inclined the man
With any line out to even up. II probably mad
much 10 do with the Kaufman covering. Ar
mour reported 100000 bushels wheat sold for
The pool II was taken almost entirely by MIL
lers and little for export. Peavey reported
10000 bushels cash sold. Gables were higher.
Liverpool up to pence on futures. but ,
nence lower on spot The Continental markets
were lower on some futures and off on others.
cnahoard clparances were 5000 bushels.
"'rhe Price Current" said rust and other dam
age had reduced the wheat promise. and that the
Weld would probably he no larger than in lS3l
II was 612UU0 geo bushels In that year. The
Weekly state Kansas Bulletin" was in about
the same vein n said that there had been
good deal Of damage. hut added that never
tneess the crop would probably be the largest
on record with one exception. The decline "hlch
took place toward the close was the result or
the shorts getting filed up. Receipts every
whore were small only IL cars in the North
west and > cars here The people In the cash
husiness say II is extraordinary that the West
is Offering no new wheat - arrive. st. Louis
had only II cars of wheat to-day, ana only part
Of il new Corn was steady early. but closed
decidedly weak There was a perfect weather
map; hardly any rain in the corn belt what
ever There was 4 great deal OF reailzng py
holders possibly 10 get out of the way OF the
holiday. Cornstock. a leading bull. sold mil
Hon bushels and there vas good deal OF other
selling Of the same class There was an I'M
pro,ement in the shipping demand. oo'"o
bushels sold in the break. September closed
at 32I, cents. The September was a full cent
over the July. There good deal Of chang
ing. Receipts were 4lG cars. with 400 FOR Fri
dav Liverpool was I. 10 y pence higher; sea-
board clearances were 10000 bushes. There
we're numerous crop damage claims, but they
.,ere outweghcd. The Kansas state crop
Bulletin said that corn had made good prog
ress in ;ha; State. Charters were 32o~" bush
els
There was just such an experience in oats as
in corn. hrmness early and sharp decline at the
close The Influences were outweghed by the
fine weather, "A slow shipping den and and bull
llquldation July sold al 22is and 2lb cents
and closed at 21i. to pa. cents September
sold ar "Oas and at 1871 cents and closed al ~
cents Receipts were 1876 cars, with 100 Tor
Friday Clearances were iovs bushels
There VAS a small changing market in proVis-
ions. some packers selling. some buying out
with the whole business on a small scale PORK
and ribs closed 2i4 cents under Wednesday,
lard. ; cents under. Hogs were 70 10 cents
lower with 5000 received. and 1000 esti-
mated for Friday.
on the curb. puts on September wheat closed
m ,;1i cents. calls Sos cents. Puts on Sep
t.,nber corn 32is cents. calls. 32i2 a32es cents.