New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-06-29
THE TRADE IN CHICAGO

Chicago June 2S (SpeciaD. -Weakness "a
Liverpool overshadowed everything in wheat
to-day The English market was to Id. low.r
than on Monday the nearby futures sufYer,n.
the worst decline. Private cables descrihAd
Liverpool as "denoralized," and declared ths
feeling there IAN uneasy one" There hav.
been rumors for two days that some very larr.
sterling drafts have been unpaid. They IN.
creased the uneasiness everywhere. although
they apparently without any foundation
The best information Is that the Letter draft.
have been protected, and that the exceptions,
weakness this week has been merely because n,
the speed with which the liquidation has been
carried on. AS the case abroad the da
clnes here to-day were severest on the nearby
futures. June off ~ cents, closing at n.
July was of tx cents. closing at 719s. Septem
Der opened at 66ss. sold between 8612 and 65%
and closed at 6G3s cents. December kept IL cen,
premium There was some important huu
news but it was without any effect There was
an enormous decrease in the worlds visible.
10000 600 bushels. Crop damage stories wer.
numerous and from excellent sources. They ala
not prevent the decline, and did not bring about
any substantial recovery The complaints were
most frequent and strongest from Kansas
d
been suffered by the soft wheat within ten
DAYS. Continental markets were not as weak
as the Liverpool, although they were lower Tn.
cash demand here sloy. the quantity sold
small-perhaps 10000 bushels. No red was
nominally IS cents cent under Yesterday: No
/ Northern, nominally 81 cents. the same AZ
yesterday. Cearances were $4,000 bushels
Liverpool said its exceptional weakness was dus
49,
ment would restore the wheat tariff on July 1
liverpool also declared the English weather
much improved. The market got under puts
and closed under. The only speculative demand
was from shorts There was quite free commits
sion-house selling-Milmine Bodman Slaughter
Bartlett Frazier and Geddes -hirkwood Leading
Corn lost - to ., cent, and did not recover
much The July September difference widened
TO u cent the elevator people doing a great
deal Of changing at that difference. September
onaned at 32Is. sold between 32ls and 3ls, and
closed AT 30 cents Liverpool y to ID
,ouer Reoeipts were 5SS cars with 800 cars
estimated for Wednesday. Samples were 4
cont lower. Clearances were smal-only 1l4000
bushels The cash demend showed no improve
mont Charters were only 10000 bushels al
though lake room was freely offered at 3. cent
and possibly cheaper. There was A good deal
OF July liquidation and some September II was
largely a changing market on the break the
Chanplain Smith bull party bought.
July liquidation OF oats kept up to-day. and
the price was of at one time Il. cents II re-
covered partially September was weak In SYM
pathy. July sold from 2ls, 70 2Ols, and closed
at 2Os. cents September sold from 20 TO 1873.
and closed at 1872 cents. The cash demand
keeps poor. although 10000 bushels were sold
on the break. Receipts were $40 cars, with 40
cars for Wednesday Samples were TO ~
cents lower Cearances were l4OcO bushels
Holders we're the SELLERS. Lack OF cash demand
was the important news feature
Provisions were weak. lard particularly 90
II lost Is cents and closed at the bottom. Pork
and ribs were comparatively steady. because
people who are selling out long lard were smu.
taneously covering short pork and ribs. PORK
closed only cents under Monday. ribs ~
cents under There were two new cases OF yel-
low fever in Mississippi. which was dstuEs-
ing factor.
On the curb puts on September wheat closed
at 652.; calls 611s cents. Puts on Septemoo
corn 31J: calls. 321s to 32l4 cents-