New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-06-11
THE TRADE IN CHICAGO.

Chicago June 10 (SpeciaD.-The corn market
WAS the centre Of interest to- day. up at one time
over a cent on wet weather and leading all tho
other grain markets The weather map showed
a downpour OF rain throughout Nebraska. Kan
sas and Iowa and more or less moisture through
all the corn states. The response OF the market
was instantaneous. The opening was at an ad-
vance OF II cent The outsider was In the pit In
force shorts were a.. xious to get covered There
some taking Of profits. The last was not
the top July. which closed on Thursday at
82ia opened at SO cents. sold between 321s and
aga, cents. and closed at 3Sss 1884, cents. There
WAS little to the market except the weather
Liverpool was 1asd. to 1%d. higher. Argentine
shipments were moderate-S52, 900 bushels. Sam
pies were UP cent. There was no improve
ment In the shipping demand. One cargo was
sold here-SO 900 bushels. Seaboard clearances
were GIT. 900 bushels. There big general
trade. Some ~ the bulls seAsed the opportunity
TO take profits Comstock. for instance. was q
seller. Bartlett Frazier and Counselman were
the best buyers. presumably covering shorts
New-York was buyer The men who can fore
cast the weather can best call the corn market
II these rains keep up. prices will continue 10
move up clear dry day would start a lot Of
selling. Receipts to-day were 800 cars, with 725
estimated for Saturday.
Wheat really tailed along after corn. II was
up a cent at one time. II closed with about
all this advance lost II was weak tho curb
after the Government report out II was
entirely n matter Of sympathy. however
with grains Wheat itself is suffering
from excessive rains Even the Northwest ad-
vised that the straw getting weak. the
wheat rank. and rust was threatened by the
daily downpour. The foods Of rain In the SOUTH
west are beginning 10 threaten the winter wheat
harvest Wheat opened strong and continued
up to noon. In the last hour there was
slipping away Of this strength. September
opened at 75ss cents sold between 761s and 74ih
cents. and closed at ISIS cents. II was 70 cents
late In the afternoon. The Government report
kept the bulls uneasy. everybody taking It for
granted that It would be a bearish document The
official figures. which issued at 3 o'clock
in tho afternoon. made the winter wheat cond-
ton 9O.S. II suggests a winter wheat yield OF
285. 5000 bushels. II announced the spring
wheat condition as 1909 and the spring wheat
area rs 1880 acres These figures suggest
spring wheat yield OF 1913. 500 600 bushels. The
Michigan report issued yesterday made the win
ter wheat condition %. That OF the
early bearish considerations The Modern Mil
ler'' said that the -four business In the South
demoralizsd There a severe break in
Argentine shipments showed a surprising fall
ing -ofr-only 1000 bushels for the week. COM
pared with $4,000 the week previous. That was
one OF the early bull influences. Gables were all
Arm. Paris and Antwerp up: Liverpool up on
some futures and of others 1t was figured
the visible supply Monday would decrease 1900
600 bushels Receipts were light everywhere
90 cars in the Northwest and 81 cars here
with S5 estimated for Saturday The trade was
without any special feature. Letter Is leaving
the market alone. Spring wheat continues to
command a big premium over red winter. The
crowd took the Government report better than
might have been expected. Immediately after
the regular close September wheat sold to 761s
on a rain and after the Government report 1t
went off to ~ cents again.
Oats were up much as corn. and for the
same reason-fears excited by the excessive
rains September oats opened At 21% eentc. sold
between % and 21x cents, and closed - e2ak