New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-08-17
-a.sox ELECTRIC ILLUMINATING cNEw- YORK;.


chicago Aug Is (SpeciaD.-The bears had
Tho wheat market for an hour this morning. hut
tho close was higher than on Monday. 1t was
q matter Of small fractions all day. range on
sentemher Of only * cent. and the close only 81
cent over the day before. September opened at
GIL cents sold between 64hs and 65as cents
and closed at 65ss cents. Early II looked as II
the receipts might show some increase but this
increase proved unimportant. At primary points
there were co. 900 bushels. compared with
SS4 600 bushels last year. Chicago had 20
cars. compared with 432 last year; Kansas City
had 205 cars; Toledo 157 cars. and st. Louis
had only 1000 bushels compared with 5000
bushels las, year. Early there a severe
break in cash at Minneapolis-3a. cents off from
Monday night. but most Of this was recovered.
The cash market here started weak, but It
closed little better than the day before. Cash
sales from here were at least 100000 bushels
and at considerable premiums. The No. 2 red
shipment this week was cents over September.
and the No hard shipment this month was
4s, cents over September The seaboard claimed
export enga gements as high as Is loads. Sea-
board clearances were 900 bushels Accord
ing to "Bradstreets" the worlds visible supply
OF wheat decreased 2936000 bushels. compared
with an increase last year of $4,000 bushels.
Continental crop news was exceedingly bearish.
especially that from Russia The Northwest
continues TO have ideal harvesting weather.
small estimate for Chicago for Wednesday
only 6S cars-helped toward the closing rally.
Stocks are not increasing. That keeps the Sep
TENDER shorts nervous The contract stock OF
wheat here is pa 600 bushels and it looks If
1t would decrease further this week. St. Louis
and the Northwest were the sellers here. Local
he Wol no
cash demand TO bring about a rally In the Sep
tember, but the disposition on the December
and the May is to sell them on every hard spot.
Corn at one time showed loss from Mon
day night OF 20 to X cent. II closed little over
the bottom. with the tone rather weak. There
were large recepts-994 cars. AMI the estimate
for Wednesday 34S cars. Liverpool was
~ to I, penny lower. There was good weather
West Illinois offerings were much freer. Ele-
vator people predict larger receipts. There was
q fair cash demand-about 100000 bushels sold
from here Premiums were not quite so good
Charters were 415O00 bushels; seaboard clear
ances only 10000 bushels The bull discour-
agement is the lack OF speculation. The indIf-
ference Of outsiders. particularly Of the West
erner has tired out the bull party. 1t will take
frost TO start any new advance. A scare on the
score OF cold weather might change the status
over night
Oats were under much such influences as
corn-arge receipts. fine weather. rather
draggy cash market. There were 1GS cars. with
292 estimated for Wednesday, Samples were
u to Y cent lower. Clearances were $4,000
bushels. Cash sales from here were about
$1,000 bushels. The contract stock-415OOO
bushels-showed a decrease for the week of
10000 bushels Charters were $4,000 bushels.
The only incident IN the trade was the buying
OF May by the Oatmeal Trust. Professionals
were the sellers
Provisions were slow and barely steady The
crowd thought there some selling Of pork
by Armour through brokers. 1t closed ~ TO
10 cents lower than on Monday. Ribs and lard
were off 2i1 cents. Hog receipts were moderate
-150O0 with 10000 for tomorrow. Prices
were cents higher There were enormous
shipments Of product-over 100000 pounds
meat. There d good cash demand
On the curb outs on September wheat closed
at 647s to % cents calls 66 cents Puts on
September corn. 32as cents; calls 32i1 cents.