New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-05-14
GAS COMPANIES EARNINGS.
THE TRADE nv CHICAGO.

Chicago. May IL (Special). Is slipping
of az fast as Il moved up. and the decline IL
making no more money for the professionals
than the advance did. July is off ~ cents from
the price last Tuesday. and the talent has MADE
M money ont of the break The market looks
exceedingly weak. and yet there is no snort
| interest. This very lack Of shorts may accei-
crate the decline. July. which closed last night
at 81 OSA, opened at 81 O6l2, sold from 81 oo1!
to 81 o.. and closed at 81 o414. the May was
off Il cents. from 81 65 last night to 81 ~ to-
day. closing at 81 80 Early in the week shorts
were the buyers Of May and Letter brokers
the sellers. The Letter brokers bought about all
the May there was sold to-day. The big cash
receipts are having their effect At primary
points to-day there were $4,000 bushels. COM
pared with 1863 900 bushels Here there were
235 cars against cars last year. There was
weak carlot market Letter brokers still doing
the buying nut not bidding SO energetically
Elevator people were buying the contract sam
pies to-day and turning around and making
sales for May In the pit. so as TO get and 3
cents a bushel out OF IT, In the Northwest there
were 5l5 cars. against 346 last year Caoles
we're lower-Liverpool off n to 81 pence; Paris
of 80 TO 40 confines: Antwerp off % centimes
There was a sick -four market; demand here
according to -four people. Minneapolis claimed
Yesterdays business had been the smallest In
five years The Modern Miller said that Texas
was harvesting wheat and that the yields were
sensational. Seaboard clearances were 346'ooo
bushels. Argentine shipments were oZf'OOo'
compared with / 800 600 the week previous. and
nothing at all last year Liverpool said Argen-
tine supplies were diminishing. The speculativ.
trade was light-less than 100000 bushels May
traded In a small business In July. Local tenn
per WAS bearish everything. but still tmid
Letter reported his cash sales small-less than
100000 bushels II looks as II Letter were
buyer OF September In moderate way. That
Is the popular future now. It opened at S912
cents sold between sou and S77s and closed
a, Ssh cents. Ocean freight rates were weak.
Corn was weak: the shipping news was all
bearish. Liverpool was u TO Ia lower. The prices
Of futures here declined 81 cent Shippers and ex-
porters were the best sellers. they said foreign
ers were buying nothing. and that they were
trying to resell July sold at 3614 and at
35x cents. and closed at 357s cents Receipts
were 648 cars: estimated for Saturday. $50
Oearances were $3.50 bushels. Argentine
shipments for the week were $4,000 bushels,
about double the same week last year. Liver
pool said Argentine corn offerings were increas
ing There were some complaints OF too cool
and wet weather in Kansas More rain Is pre-
dicted for tomorrow. The bull sentiment has
been halted by the slow shipping demand the
last two days
Oats slipped of about much as corn-1a cent
for July. and almost a cent for May. The latter
sold from 31n to 30 cents. and closed at 80
cents July sold from 271s to 26as cents. and
closed at the bottom. 1t was slow day specula-
lively. The shipping demand has been poor for
week: receipts 800 cars. with $50 for
Saturday. Seaboard clearances were 10000
bushels.
1t still largely a Cudahy provision mar
ket There very general disposition to
take profits Although the Cudahys started the
break. a good deal OF buying by them finally
did not rally the price. and 1t closed near the
bottom. Pork closed As cents under Thursday:
lard and ribs. 10 cents under There has been
an extraordinary advance and the ordinary bull
speculator wants his profit. Packers as rule
expect better prices ultimately.
On the curb puts July wheat closed at
81 OOa,: calls" 81 10 Puts" on September
wheat. S6A Gs67s cents: calls" S9s. GS97s
cents Puts" July corn. 355sG35a, cents
calls" 353s a 3612 cents