New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-07-13
THE TRADE ~ CHICAGO.

Chicago July 10 (SpeciaD.-There was more
activity in wheat than for severa! days past
though the range Of prices was generaHy lower
Tho trade was extremely bearsh. and some
What inclined 10 overdo the selling side OF the
market There were indications Of influential
huving on all weak spots which resulted IN
general covering by frightened shorts al the
close The bears were using the Increased re-
CENTS of new wheat and the fine weather. WIN
prospects OF increased threshns operations
as their principal weapons. Inc oulIs were
talking about the big foreign demand TOR inc
new Kansas wheat. and the relatively hisn
price for It at other points both Sues to'u
large stories OF their operations. Kansas City
wired that It expected 200 cars Of new wheat
q dav next week. Baltimore reported receipts
Of % cars OF new wheat from Ohio alone TO
dav. and Toledo said the movement there would
no heavy within a week St. Louis arrivals were
ONLY, % OOO bushels against $4,000 bushels
year aro Local receipts were 81 cars OF new
wheat ont Of a total of 40 received. The grad
ing Of the new grain was everywhere satlslac-
tory Cash men here said they had received
bids for 100000 bushels OF new No. nara
Kansas wheat at equal to 70 cents for early
August arrival. These they claimed they were
unable to fill account or the relatively hisher
markets in the Southwest. New-York exporters
said their engagements for shipments 10 sep
tember we're 200 boatoads The "Bradstreet'
figures proved Disappointing The trade eH-
nactad sulIv twice the decrease Of IS1 900 BUSH
els which was reported Primary market
receipts were 1875 900 bushels. against 2SlVO
bushels a year ago. September wheat opened
with sales at 6S1s cents. down to o''s cents
sold as low as 61s cents. and closed at DIS
cents bid December closed at 6I% cents. or
the same price yesterday. July wheat
closed at - cents which was net loss Of ia
cents from yesterdays close.
Corn broke early with wheat. The fine
weather and the Government crop report, indl-
eating a yield OF over two billion bushels. In
duced considerable influential selling The lower
cabes also heDed. There was an improved de-
mand for cash corn at the decline a lie" us
patches reporting hot winds IN Kansas were
received. and the market finally closed strong
with all OF the early loss regained. CHARTERS
were for $4,000 bushels at y cent to Buraio
September corn opened at 81 to 5Z1s cents cents soiu
to 31& to 3l7s cents, and closed al On Genus
bid.
The Government figures indicating an oat
crop OF 72S 000. 900 bushels. the fine weather and
the break In other grains made oats weak early
They did not rally much as did corn or wheat
this being particularly true of the May. and to
a certain extent true of September. The July
closed at 22as cents. which was the same as yes
terday. It's early low price was 22l4 cents. Sep
TENDER lost u cent, closing at l?i> cents May
lost II cent. closing at Dds cents bid. Charters
Sc, 600 bushels.
Provisions were higher. Packers reported an
improved foreign demand for lard. though cash
meat sales were hardly as large as Yesterday.
Local receipts Of hogs were 1000 less than ex-
pected. and the yard market was W . cents.
The seven Western points received 6IiOO hogs.
against 10000 a year ago. September pork
opened at So 5 to $40, and closed at SO 12h
which top for the day. september lard
gained 10 to II cents for the day. closing at
So 60 to So 621s. September ribs gained precise
ly 10 cents, closing at 81 "a ?
On the curb puts on September wheat
closed at CIV cents: calls 6S7s cents Puts"
on September corn, 32is cents: calls" 32%
cents.