New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-06-22
THE TRADE ~ CHIC4GO.

Chicago June 81 (SpeciaD.-The deal by
which ali the cash wheat was involved In the
disastrous May corner is 10 be handled togetner
was closed to-day. Peavey will handle all the
cash wheat at Minneapolis. including his own
and Pillsbury's He and Armour VIII act TO-
gcther So that practically he 1fOO0"o Dusheis
az cash wheat in this country, controlled oy
Peavey Pnlsbury and the people who now have
charge o. Letters holdings. viii be marKcted
together. This agreement was reached here to-
day at a meeting Of tie bankers and others IN
terested which has practically lasted for
two DAYS When the agreement was reached
Armour people began to support July and there
was a general marking up Of cash prices the
plan Is 10 get s. cents for cash wheat mere II
possible and 10 work the cash prices up IN the
Northwest II possible 70 81 The closing OF thls
deal had much 70 DO with the final strength
here Early there was weak feeling or rather
an irregular one Prices opened higher. then
broke sharply and then began an advance which
lasted until the close. July opened at '3r2
cents. sold between III. and 7424 cents. and
closed at AN cents. September opened az osla
cents. sold between sos; and 69is cents, and
closed at so cents. Foreign markets were
strong. Paris was up equal to 394 cents a BUSH
o. Abel Rey cabled that rust was prevailing
through France and had reduced a splendid
prospect 70 a moderate one Liverpool was Ia
ol.d higher on futures. but weak on spot
The Southwest flooded this market with crop
damage claims and led the buying. Tennessee
MESA ges said the wheat there was all cut. bur
that rain prevented threshns Dallas mes
sage said there had been twenty straight days
OF rain. There complaints OF rust and OF
lodging from Illinois Missouri and Kansas the
biggest buyer here was Kaufman. OF st Louis
he covered a short line OF probably 2"ToVp
bushels All the ST. Louis contingent seemed
TO be on the buying side. Cash transactions
were probably not half so large as yesterday
but that was natural. inasmuch as the cash
wheat managers had marked the price up so
much There was a decidedly improved general
tone There was no talk to-day OF failures in
the Northwest Even the anxiety on that score
has disappeared. The Northwestern markets
did about as we'll as this relatively. both OF them
closing over Monday. There was decrease In
the worlds visible Of 100000 bushels. Clear
ances were $4,000 bushels. Receipts every
where we're light only e. cars In the Northwest,
with 16 here.
Corn bulls were disappointed to-day. They
expected a bull market, there resulted a bear
one There was a lot OF pront-taking by inter-
ests which had bought freely on Monday. Pat
II.
than the market could stand Prices lost "
cont When the wheat rally came corn recov-
cred with it The close almost the same
Monday September opened at 33hs cents sold
between 33as and 32a4 cents and closed At 33ss
ce-ts The weather unsettled Mcintyre
WarIweu have taken 100000 corn here in two
DAYS Liverpool was I'd. higher futures. but
I'D lower or spot Cearances were 402 900
bushels Shippers continue IA Their bearish. West
err interests were rather bulsh on the crop
prospects
Oats merely followed corn opening at Mon
days close losing n cent and then recovering
a share OF il before the close July sold at pa.
aud at 23ai cents. and closed az - cents. Sep
tember a, 2l1. and at 20s4 cents. and closed at
q cents. Receipts were 2l6 cars. with l6J for
Wednesday Clearances % 900 bushels Weather
reports rather un,avorable. partcula from
The Southwest. The shipping demand is slow.
but receipts are small Prices depend on the
wea her for the next few weeks
There were two new yellow fever cases IN
Mississippi The provision traders Kept that in
mind The trade vas slow the close Vas little
under Monday all round. pork 10 cents under.
lard and ribs , cents under There were - OqO
hogs. with 10000 estimated for Wednesday.
prices We're cents higher Shipments OF meat
were large over 4.0O0,oO0 pounds: OF lard smaD
$4,000 pounds. The only demand Of any conse
quence vas from shorts yellow fever is the
bugbear
on the curb p on September wheat closed
at cas- cents. calls. 1Ol, cents. Puts or Septem
her corn, SO cents. calls 331t cents. The Board
OF Trade aGjourns from FRIDAY. July !. to Tues
day, July >.