New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-09-07
LONG ISLAND RAILROAD
THE TRADE ~ CHICAGO.

Chicago. Sept. 6 (SpecaD.-The wheat news
to-day was bearish particularly the statistics
Rn, corn was strong on frost scare. Wheat
.,orts who had big profits in sight. covered
,r.ely The result was an irregular market. up
ond down within g range OF less than a cent
end closing easier for September. but at about
co,urday's figures for December and May. Sep
,Ar,ber opened at 62l4 cents. sold between 62as
and 61ae cents and closed at GO cents. which was
quarter cent under Saturday. December
onsned at Coz, cents. sold between CHS and Co.'S
cents and closed al CO.'S cents, which was II 10
~ cent over Saturday. May closed at 62is cents.
which was just about Saturdays last figure. A
feature was the relative weakness OF the Sep
ember here and the decided weakness OF the
zach M Minneapolis and Duluth There were
large Northwestern receipts. 2SSp cars for the
three days. against /. $50 for the same period
last year Cash wheat at Minneapolis and Du-
luth at one time showed a drop from Saturday
Of II 10 "a cent a bushel. 1t recovered slightly
from the bottom The September in this mar
ket at one time was only ! cent premium over
the December. and was only 1is cents over at
the close The visible increase of 40 600 bush
els was even larger than expected The local
receipts 432 cars were not large for three days.
but the estimate for Wedr esday was 400 cars.
Gables were steady. Liverpool up lad. and Paris
up slightly. The Orange Judd Farmer esu-
mated the wheat crop az about 'OOooo"o
bushels. The Northwest predicted enormous re
ceipts up there with good weather. for at least
ninety days The worlds shipments, 4SS'VO
bushels. were about half the total last year
There was a decrease on passage or lo-uVVu
bushels. and there was a decrease in the Eng
ush visible Of 100000 bushels. Minneapolis re-
ported Armour a buyer Of cash up there ana
the crowd thought he seller of september
here
Frost IN the Northwest, while not extending
seriously into the corn belt, started scare
that advanced the corn price Il cent. Inc close
was almost the top. December ouened at 3oS4
cents, compared with 30$s on Saturday night;
sold between SO& and 81 cents. and closed at
goa, to 207s cents Receipts for three days. lu5d
cars. were not considered large. The estimate
FOR Wednesday was $50 The visible IN
creased $4,000 bushels: the local stock in
creased 1O94 900 bushels. The forecast for
Wednesday was for frost as far south as Kan
sas but the prediction was that these frosts
would be light There was big trade, but II was
local Champlin and Comstock led in the buying.
The country took little part. Every one as
. s,unes that the outcome depends on to-nights
= frosts. II they should prove severe, the mar
e Ike; would bull and If light. the danger Is prob
ably over for the season.
Oats held their own from sympathy with corn
Last prices were about the same as Saturdays.
The corn advance just about Offset large receipts
OF oats 1903 cars. with 800 estimated for
Wednesday The visible increased $4,000; the
local stock 100000. increased $1,000 bushels
Charters were made for 10000 bushels Sep
TENDER sold at 1874 cents and at 1875 cents. and
closed at 192. G197s cents. May closed az %
cents.
Provisions were weak. pork OF 12h TO 20
cents: lard off about % cents: ribs off Is 10 20
cents. Yellow fever south is creating more and
more alarm Alabama has quarantned New
Orleans. Just year ago the las; alarm started.
No is attempting any support TO prices.
Some important packers selling Armour is
supposed 70 have sold January to-day. The
Cudahys are believed TO be taking the short side
on lard. There were $1,000 hogs. with 27,0C0
estimated for Wednesday.
On the curb puts December wheat closed
at COZ cents. calls at 6lH cents. Puts on De-
ceuber corn. 305s to 30A cents; calls 3ib cents.