New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-05-10
wE MARKET IN CHICAGO.
THE Widest IN A FOR7SlGHT--SHAkP hlSh -
~ r,ry-vArIyRE OF 1LNDBIOM-LEIrEA
SAID 10 HAVE MADE 100000


THE Widest IN FoRT'SlGHT-SH RISE N
yULY-rAu.URE OF ILNDBLoM-LtATEA
SAID TO HAVE MADE 100000
CHICAGO. May e-To-day's wheat market has
been the widest IN a fortnight Of wild days
NJ ub.o. the Letter deal has made new
rscord 81 10 with the close at the tiptop The
1r,v anvhodys deal with the foreign trade PROB
ably having most to do with it has moved UP
IS cents II opened wild at 81 "l2gsl 1893 sod
70 81 21A and closed at 81 201.. on the curD II
sold TO 81 Is and hack TO 81 % The CROWD WAS
trading in wheat around the corridors OF the
Board Of Trade up almost 10 O'Clock.
There was one failure to-day-that OF Robert
IAndblom The trade Is amazed that there nave
not been more. II has been killing pace ths
MAY price up IS cents since last Tuesday ana
the July up 20 cents bushel IN that time f'oo-
or, 1tndblon1 has been one Of the bear houses
u. was worth $4,000 a month ago. The
money has gone in fighting the wheat advance
He has been in the commission business TOT
thirty years and was at times prominent Sew
.rsl YEARS ago he ran a successful corner for
some New-Yorkers-N. G. Aiilers and ". >.
Williams I.ndblorn applied 70 the New-York
Stock Exchange for membership some months
ago and was turned down. He claimed that tne
action was because he was wen-kno"n silver
man a little later h was tried by the Board
Of Trade on charges OF bucket shopping ana
was practically acquitted
r1rdhlon has done large business. but prob
aolv had not over two million bushels Of wheat
corn and oats open to-day. His Indebtedness
will M, he large 10 the Board OF Trade members.
but Will be large 70 outside customers. he mas
made an assignment showing assets Of $1,000"
and liabilities OF $4,000. good deal Of ex-
element is expected when his trades are closed
out IN the morning
The wide Nuctuations have caused all sorts OF
sensaftonal stories Ore IL that Armour has
corner IN the July trade. 2. D Armour says
Il have not had trade in July wheat In
month II is not a manipulated wheat market
II is an extreme Of high prices. AFTER years OF
extreme .ow prices. We may have hsh prices
for tro Years and think We will This corn
p.icc when We look back at II after little. Will
seem Ike looking down hill. Corn is cheap.
They a,e not planting 80 per cent as much IN
Iowa as they did last year. With all the stories
and theorie. nothing really be more re
rarkable than the plain unvarnished story OF
the market"
) REMARKABLE MARKET.
The facts relating the market were remark-
eole enough without any e1aggeration or 10
nancing Although the May wheat wae at
81 70 here. Letter reported $4,000 bushels cash
sod and bc for 100000 bushels more which
ne said he vas inclined to accept The advance
'e'e looked extraordinary. but II was no more
nan at other markets and really started
- 'he extraordinary rise at Liverpool and was
e 9'S.eed by the advances on the July at Mime
"i.gLs and Duluth
49,, "aS a. New York got 10 s. 80 an cd
- % ~ cents bushel. The July at New
vas up 151~ cents TO 81 ZS1x MAY at Du-
,orah "ss W y cents 70 81 50; July at Duluth
1c ru ~ ~ advance over Saturday OF
ero- Co.. Extraordinary advances were the rule
49, 'MheIe Even Paris for all its tariff reduc-
~ var up 10 cents bushel. Nor was IL
astonishing prices
t'er mad his brokers In the sample market
N -1S al tne CARROTS Of whatsoever grade. The
.. -Mheat In the carlOt crowd sold from 81 80
No ~ % AS 20 what will be 10 pay tomorrow
IT, one - prepared 10 say. Puts and calls on
,h cars 81 % The '. as on the alert all
SESSION TOT FAILURES. there being an idea that
ho1 al ADVANCE could not he endured Every
49,, however went through the Clearing
- ana there was sigh OF relief when the
49, S'och hour passed without ANYBODY being
nj, Mr Lindbon;'a failure was not known
$50, 49, 'a'e In the afternoon although II was
day III o''se quarters earlier IN inc
tbsn zoo o.u uj or May trade was not large, less
pTrctlcaliy the only seller
me July trade was too excited and rand 10
S4A' OF NATURALIZATION. Prices In different