New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-07-10
THE TRADE IN CHICAGO.

Chicago July (SpeciaD.-It was typic0
Saturday in the wheat trade. A light business,
most Of which was caused by the general desire
to even up open trades for the week. constitutes
all there was Of II. Values declined simply be.
cause the buying yesterday had been pretty gen.
eral. and the chief desire to-day. therefore, wa
to get rid Of property on hand. The influences
were nearly all bearish The Michigan report.
estimating a total crop Of 2s.600.0D bushels.
with the yield 1914 an acre. and the harvest
two weeks earlier than usual had consider
able effect South Dakota also officially prom
ised a. good spring wheat crop. and an early
harvest The Russian and Rumanian crop news
was OF the same tenor. Despite yesterdays wet
weather southwest the trade was feariu thae
there would soon be a heavy movement or new
winter wheat 30 market. Holiday Brothers, OK
Cairo. H. made such a prediction. ana tner
opinion had considerable weight There was
decline here also of ) cents In the price o. new
No hard winter wheat. The first car OF tne
season Of this grade sold yesterday at ~ centA
Two cars Of the same grade sold to-day ~ I'D
cents There no letting down OF the prices
OF contract grades, though sales were made.
About the only bullish news received was the
Liverpool cable announcing an advance OF sd.
10 Id Primary market receipts were oC.VoV
bushels. against 10000 year ago. July wheat
77ls cents. where 1t closed. September opened
n, 90 cents vert from COS down to 1sss cents.
closing al 6Si5 cents December ranged from
10 cents down to GSIsQ6SA cents. closing at Colk
cents Estimated receipts for Monday. ~ cara.
Corn was dull and weak. A number or long
lines went overheard because OF the favorabe
crop REPORTS the warm and wet weather south
ard easier markets abroad The cash demaho
was tame. even after the market declined The
Michigan report put the condition - per cent
better than a year ago. and the South DaNo'e
report said there prospect OF an excehens
OWN Elevator interests were trying TO widen
The spread between July and September by SELL
ing the first and buying the last Actual saies
for shipment were 100000 bushels. ana room
was chartered at = cent TO Buffalo September
corn opened at 32ss cents, sold as low as "-S
and closed at 32ih cents bid. July sold from 3l+
down to 81 cents. closing at 81 cents Kansas
CITY reported that country offerings OF corn
were increasing Estimated receipts for Mon.
day. 30 cars
oats were dull, but firm. There was fair
cash demand. and the receipts were not largo
enough to impair the market. Charters were
205 900 bushels. The extreme range for the day
was "A cent All futures closed practically at
Yesterdays prices Estimated receipts for Nom
day. 100 cars.
Provisions ranged lower. Local hog receipts
were 5000 more than expected, and the yard
market was active and lower. The seven I'M
portant Western points received "a IW hogs
against 81 500 A year ago Pork lost ia cents,
lard : 10 -, cents and ribs ~ to 10 cents, -
compared with Fridays closing. Final SePten-
Der prices were 50 92Ia for pork. - - Il 10 - 30
for lard and 50 52is 10 - % for ribs Estimated
receipts OF hogs on Monday. 5000; for next
week 100000.
on the curb puts" on September wheat closed
AT ga, cents: calls" at 69A cents. Puts on
September corn, 32as cents; calls" 32ia TO 32at
cents.