New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-07-31
THE TRADE ~ CHICAGO.

Chicago. July 80 (SpeciaD.-July wheat which
Joe" Letter put In May 10 81 -, closed tonight
AT &c cents II opened at 20 cents. sold between
7Oi5 and sc cents and closed at the bottom Inc
elevator interests delivered some cash wheat
Yesterday and to-day The few longs In July
who were waiting for somebody to advance
r-ioas lost their courage The four-cent break
from Friday night an easy one. Ihere
yara no defaults although the contract stock
Of wheat here last Saturday was less than
ooo OoO bushels There has been a big increase
in stocks this week however; wheat deliveries
this afternoon were about 100000 bushels. The
deferred deliveries September and December
ver. steady early. but yielded finally with the
July They closed just where they did Friday
night Septenber opened az GAS cents sold be-
tween 643s and 63ai to 637s cents. and closed az
GA 10 GALS cents December closed at the sep
tember price The little frmness early was be
cause everybody was bearish. The weakness
later as with the July. There were no English
cables and there will be none until Tuesday.
That made It dull Estimates on the visible
were revised. It figured to-day that Mon
day would see increase Of 100000 bushels
Friday a decrease was talked. The Northwest
was putting out hedges here to-day; so was 81.
Louis Clearances were large. 122,ooo bushels
Primary receipts were light. $4,000 bushels.
compared with 100000 bushels last year. The
farmers have not been dealing wheat this week
as freely as they did last The magnihcent
Northwestern crop prospect is. however, over
shadoving everything else. With 3OOOOOUD
bushels wheat raised In the Northwest, the tai
ent feels there is not much use in trying for an
advance even from present love prices.
Additional rains in the corn belt. particularly
III. a. III CT ~
in the coarse grain market. Showers are prom
ised everywhere Sunday. There was big trade
in corn for an hour. but it dwindled after that
September opened at SO cents, sold between 327s
and 33lb cents and closed at 33as cents. Coun-
try offerings were not so large. The decline ex-
planned that There was some buying on the
break by those who assumed that the crop in
great many places was beyond relief There
was not so much bull talk however from Ne
braska to-day Receipts were 5Sl cars with
$40 estimated for Monday Charters were Sfo.-
600 bushels Shipping bids are still rather un-
satisfactory. The local stock here this week
will decrease slightly. possibly 100000 bushels.
Clearances were 2O2.0OO bushels. Some Of the
important bulls are inclined to wait for fur
Their decline before trying for new advance
Snow the crop statistician. issued a sensa-
tional report on the condition of oats saying
that the condition in the great oats States has
dropped twenty points In July. from sudden
blight. He predicts sensational drop in the
Government condition August 10. It kept the
ats market strong for the new crop futures, in
spite of the weakness Of wheat and corn. Sep
TENDER opened at 20A. sold between 20A and u
cents. and closed at POS cents The July slipped
off little selling at % and 23l4 cents, and
closed at n cents. Receipts were 3S2 cars. with
175 new: the estimate for Monday was 800 cars
Clearances were 10000 bushels.
Provisions were firm without being at all
active. Packers had the pit to themselves. Pork
closed ~ cents over Friday; lard and ribs, D
cents over. There was good cash demand and
light hog receipts. The packers are bullish
on the curb puts on September wheat closed
63l2 cents; calls 645 cents Puts on Septem-
Der corn. 33 cents; calls. $685. cents.