New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-06-03
THE TRADE ~ CHICAGO.

rh,caeo June 2 (SpeciaD.-Leiter tonight ~
ports his cash wheat sales to-day all 10 Eng
,.h millers. at $4,000 bushels. which shows
,ov past he proposes 10 get out OF such caa
uheat ga he has left. The wheat decline cana
~ halt here to-day. to-nghts close almost ~
good "a last nights on June and July and III
,,s better on September and December. Inc
loo, nr,ces were about the best all around.
There was q weak start because Liverpool acted
denorslized off Sad which made drop IN
the English market on July in two days equal
almost to 90 cents a bushel. Antwerp was ex'
csedinelv weak. off equal 10 2l2 to . cents
bushel Paris was not strong. But there was
on announcement In the milling demand for sam
nls wheat. Better prices were paid here for
car,ots than Yesterday. even when the futures
were at the weakest and Minneapolis reported
rIllers paving 3 10 : cents better prices tnere'
There was an especially sharp demand '%
snring grades July at one time showed a loss
from Wednesday OF 3 cents bushel. II recoV'
cred almost all Of this, selling a. 81 cents carry
hut closing at ON cents. September opened AZ
77s. cents sold between 7ias cents and ~ cent%
and closed at 1874 cents September and Decsm'
har closed u cent over wednesday. Receipts
.vervwhere were light only 20 cars here and
only 21O in the Northwest. At primary Markets
there were sol 900 bushels. compared Win
3os OOO bushels last year. The Price Current
said that the wheat promise was fully MAIN
tained. but that Il was not suggestive OF the o.
,rema figures OF some OF the sanguine reporter
There was a decrease in the English visible u
14S OOO bushels Seaboard clearances wsfs
100000 bushels. 80 far as the trade was con-
cerned. Il was largely a matter or covering oy
shorts. Cudahy leading in this. Foreigners pos
sibly did some buying. although not on a large
scale Perhaps at the close there was Little
support from Letter. although he Is doing prao-
tically nothing. The professional sentiment on
wheat Is that the decline has gone FAR enough
particularly In view Of the fact that month OK
critical conditions Is ahead for winter Whest
and three months Of uncertainty ahead i%
sprins wheat There vas car OF new whes'
IN here from Texas the earliest new arrivA
on record. No round lots were sold for export
Such cash demand as existed was from miileN
Corn opened u cent under Wednesday ~
closed u to u cent over Wednesday The cary
weakness was with wheat and on large rece'pS
and on lower cables there were 900 cars, WIN
1O75 estimated for Friday Liverpool was Nd
70 I'D lower Shipping bids were little oe.'
ter and cash sales here aggregated Z',V"
bushels There was perfect weather West Inc
Price Current" said the crop prospect was moas
encouraging Seaboard clearances were c4co0"
bushels Country offerings were small Inc iai"
ers are now busy even II they were sa'ish0~
with the price; they will have little opportunity
to ship during the next month. Shorts "s''
the best buyers Patten the best buyer OF III
Oats moved up and down with corn ~es.
early and strong at the close July sold IL -os
cents and at 24i. 924ss cents. and closed az -1s
924% cents There was a slight improvement ;"
the shipping demand. with sales OF looo"V ou''
els Receipts Ola cars. with 300 estimates
for Friday Seaboard clearances were oo""N
bushels The speculative trade was lHs'o
changing. buying of July and selling sep'eHioe'
The talent expects the July 70 get 49,,
premium over September. Charters were i-'""
bushels.
The big stock OF ribs. over 3oVU"" pouaN
opened provisions lower. They sympatnA'S
with the early weakness in wheat. HOGS
Is to 20 cents lower although receipts war nv
large 5000. with $1,000 estimated Tor
Packers on the break did the buylns' POI pa Ss.
larry Of lard. Lard recovered all or us T.3rss.
cline Ribs closed only cents under "'
day Pork closed 27is cents under: =, s7x
on the curb puts on July wheat closso o, -
cents: calls 96A cents. Puts on sep s',s on
wheat. 77la cents; calls sly cents. r'''
July corn. Bah cents calls. 1875 cents.