New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-06-10
THE TRADE ~ CHICAGO.

Chicago June (SpeciaD.-The foreign mar
kets furnished bull cue on wheat to-day, OUT
the American spectators did not take IT, Ihere
were declines everywhere on this SIDE. par
tcularv severe on the near futures in the
Northwest There was a firm start here. but the
September closed at 81 OF. The only Incident
IN The cash wheat was the premium OF the
snr,np grades over the led winter Letter re-
norted a little lot Of No 1 Northern. 10000 bush
os sold at equal to 81 %. Choice No. < spring
gold ut 81 Is. which was at least IL cents over
No rcd Tn, July was slow. selling at 81 cents
and 81 81 cents. and closing at s734 cents The
Septer1her and December were the active deals
September opened from ~. to IGN cents sold
between IA and AS cents. and closed al 1919
G75i, cents II was merely scalping day.
with the Dit at times no. half full. Cudahy and
Phillips. who covered wheat few days ago.
were putting it out again. The only strength
shown was at the opening Liverpool and Paris
,vere higher There were exec ssive rains
throughout the Southwest. These bull iniiu-
ences. however. were soon supplemented. The
Kentucky state crop report made the June con-
dtion lot Thee was Of the early bear
influences Thoman estimated the wheat crop
promise A. 775 900 900 bushels which would be
at least 100 900 900 bushels the largest crop
ever grown. The -four output was 23oooo bar
reg FOR the week. compared with 3p.uo the
week previous and 373NoO last year The de-
cllnes in the nearby futures at Minneapolis and
Duluth we're from TO cents a bushel. Flour
people said there was no demand. IL was SAID
the milers at Minneapolis would not pay the
high prices demanded for the wheat by the bull
owner There was a tight in September around
1914 cents. which was the put figure. II slipped
under that and closed under Clearances were
large 62l 900 bushels. Letter has reduced the
wheat stock here 20 about 10000 bushels. II
is said he has made his last shipments from
here He still owns about 5.OOO.OOO bushels In
the Northwest People in the best position to
know say that he will have fair proht LEFT
under any condition. and that II he has any luck
in disposing Of his spring whea. In the North
west he will have left around S2OOOOOO profit
The excessive rains in Kansas and the South
west and the predictions Of rain for almost every
corn State tomorrow. advanced corn u cent
and closed 1t about the top. July. which closed
wednesday at 80 cents. opened at S2% cents
sold between ~ cents bid and 32is cents asked
and closed at 32L cents. Nebraska, Kansas
and Illinois said the fields everywhere were
weedy and the area reduced. Liverpool was
steady. 4 pence higher on spot There were
large clearances. 621 900 bushels Samples were
i.dis cent higher.
There was an increased trade. The outsider
was doing some buying. The bull. however, was
still hampered by the absence OF shipping de-
mand There was no improvement In that
Counselman was the best buyer Of futures to-
day; he has been the best seller Of late. Some
~ the other elevator interests, however. were.
selling The market calls and there
was some selling against these privileges It's
n weather market. Continued rain will bull IT,
Oat. made n better advance than corn. up y
cent for July and up | cent for September.
July opened at 23A cents. touched 237s cents.
and closed at 23a4 cents. September closed at
2la, cents The persistent rains are causing
oats TO lodge Continued rains will make them
difficult 70 harvest Oats bulls did not have 10
rely entirely upon bad crop reports They are
getting the benefit OF some Improvement in the
shipping demand. Sales from here the last two
days have been about 100000 bushels. Clear
ances were 10000 bushels
The provision market acted a. II the Juno
liquidation will be about over The Cudahys
have been taking back their recent sales There
some signs to-day Of ArmouTs buying
Other packers have been buying Pork closed
- cents over last night: lard and ribs 1914 to
II cents over. The export demand IL still slow:
shipments from here still small Hog receipts
are not excessive: 81 900 at the seven Western
points, compared with $4,000 last year. Il is
likely to be scalping market this month; but
the talent Ia now inclined to buy on the breaks
expecting a bull turn In July.
On the curb puts on July wheat closed at 94h
cents; calls at 90 cents. Puts on September
wheat. 1875 cents: calls. 1914 cents. Puts on
July corn 32it cents: calls 33 cents