New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-07-29
THE TRADE IN CHICAGO.


Chicago. July 2S (speciaD.-The interest to-
day centred in corn. There were showers IN
Iowa. Missouri and Illinois, but there were
terrific temperatures yesterday and to-day IN
Kansas and Nebraska. and the vast corn ter
ritory west Of the Missouri River was still with
out relief This conflicting position, rather
bearish one this side of the Mississippi and
decidedly bullish one west of the Missouri.
created a queer situation in the pit. FOR an
hour the elevator people were large .seners
against purchases of cash in Iowa and llllnols'
where the showers and cooler temperatures had
made the dealers and farmers rather bearlsh'
But all the interests connected with Kansas
and Nebraska kept getting bullsh advices IN
regard to the intense heat and killing drouth'
For an hour corn acted II II were TO be d
bear instead OF q bull day. The extreme west
ern Influences however. finally prevailed. The
market was advanced a cent and closed at the
top. September opened from 34b 10 337s cents
sold between 33% and 50 cents. and closed at
50 cents. On the afternoon curb II was oo1s
cents. The forecast for Friday still promised
no relief for Kansas and very little for Ne
braska. Showers. however. were Indicated lot
most OF the other States. The purchases by
the elevator interests in Iowa were probably
as large as Wednesdays. one concern claiming
cash corn. Receipts here were 40 cars. with
$50 estimated for Friday Cables were about
steady 1.-THE Price Current" was a trihe bull
,sh Seaboard receipts were $4,000 bushels.
The buying Of corn was led by Baldwn-Gurney.
Bartlett Frazier Clifford and Barrett-Farnum.
Counselman Armour and Nye-Jenks were SELL
ers II was a good-szed trade. Shipping bids
were a little under the asking prices here
Wheat was firm. closing p 10 Ia cents over
Wednesday July made the best galn opening
at 10 cents touching TIA cents. and closing az
T11a cents September opened at co.'s cents, sod
between GAS and 659s cents. and closed at oo9s
cents December closed at the september price
The situation seemed to be that there was
little pressure from local shorts. western OF
ferings were lighter. Primary receipts were
$4,000 bushels. compared with Sf"o last
year There was a little better sample Market
but It did not seem to be because or any snip
| ping demand. No. red guaranteed July de-
| livery brought II cents. but II 1t missed get
ting in the house in time for July delivery-n
short, II July delivery was not guaranteed
brought only IS cents. This showed that IL
was not a shipping demand. The seaboaro re-
| ported AZ loads for export. The seaboard clear
ances were 222OO0 bushels. The trade was not
large The corn strength helped some,
July oats touched 26ha cents. and closed at
% cents Ii was a little pressure from shorts
The trade was very small. There was little
July selling by the concern which has the pest
| long line-Norton- Switzer. The September and
| May were up with the other grains 4 TO a
| cent. September sold at 20% cents Receipts
were oo5 cars; Fridays estimate. 255; clear
| ances $1,000 bushels
There has been an exciting faxseed market
| for two days, resulting from collapse or the
deal I'm September which was being run by the
National Linseed oil Company. To-day II
| transferred IT'S seed trades 10 the Albert DICK
| ,nson Company at S3 cents The officers OF the
| National company declare that the company Is
solvent. Still. Il is behind IN some OF It's mar
gins on seed aud offers to give its note FOR
these balances at sixty days There were not
the sensational developments to-day IN the
! coed market that We're anticipated The price
opened at So cents for September, and Closed
| | cent over the close on Wednesday.
| Provisions Just held their own. last prices
| heing practically the same as on WEDNESDAY
There Is nothing to the market The yeho"
fever news from the Army has fiattened OUT al
speculation. Armour was possibly seller TO-
day I'm n small way some Of the English houses
covering Hogs were 10 cents lower.
| on the curb puts" on September wheat closed
at G47s cents; calls" Goa. cents. Puts on
September corn Sag cents; calls" 3o's cents
|