New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-05-20

July l. the French farmers will find their mar
ket spoiled by the competition OF foreign wheats.
The tariff was not removed until the home
farmer had been given full opportunity TO mar
ket his grain and X Is not TO be imagined
argues the wheat Spectator here. that the
French Official will be so unmlndful OF his home
farmer as 10 spoil his market for him immedl-
ately after his harvest. II any such step was
taken II would greatly help the July and Sep
TENDER prices on this side. With that In mind,
September shorts to-day exceedingly anx-
ious 70 get out. Western wheat news was as
bearsh as ever fine weather and larger receipts.
At primary points there were 100000 bushels,
compared with $4,000 bushels last year. Re-
celpts here were not so large, 237 cars. with 300
cars estimated for Friday; the Northwest had
43I cars. compared with 1856 cars year ago.
Gables said advance estimates Of the Hungarian
crop were for 124.0OO.OOo bushels. compared
with ssOOOOOO bushels in 1897, and with an
average crop Of 14s,OOO0oO bushels. Primary
receipts this week VIII be about 100000 bush
els compared with 25oOOOO bushels for the same
week last year; an increase in the visible Is ex-
pected Clearances to-day were 362,ooo bush
els There was sorne increase In the trade. al
though it keeps narrow The pit Is not more
than half full. due to the losses which have been
suffered and through the tmdty caused by the
wide fluctuations. The best buying to-day was
through Baldwin Quincy. 1t was for Septemo Der
and July and Is said to be for a party OF local
professionals who expect 10 sharp ad-
vance in the May between and June |, and
who believe that the July and September VIII
sympathize September opened AT Ss2sqSS't
cents. sold between SS4 and s9ssGs9'i cents
and closed at ssh cents; May closed a; 81 40;
July at 81 o..
Corn was active, recovering all Of yesterdays
break. but not entirely maintaining It. July
opened at 3Jss cents sold between 3J&s and 36ls
cents. and closed at 80 ,sG351a cents. The feat
ure was large buying by the local speculative
crowd which sold so freely on Wednesday. the
so-called o-Smith-Comstock party. Tenn
peratures West are a good deal higher than they
WERE but there is still too mucn rain II per-
mits Of a controversy as 70 the planting situa-
ton. THE Price Current says IL Is being re-
.nrded The shipping demand keeps SLOW Re-
ceipts to-day 62G cars the estimate for Friday.
800 cars. Gables about steady; seaboard clear
ances $4,000 bushels. The corn crowd Is the
largest on the floor now. Shippers and elevator
people are the bears.
Oats move I'D and down with corn. with the
trade small May sold at 30A and at 29S. cents.
and closed at 202. cents. July sold at 26ss %
26I, and III % cents. and closed at 2fd2brs
cents Receipts 2S2 cars: estimate for Friday.
go cars Clearanccs 20oooo bushels. The
American Cereal Company was selling July oats
Shipping demand slow
Provisions after a rather Indifferent day.
closed lower than Wednesday all round; pork
off Ia cents. lard off liz cents. ribs Oft loa
liz cents The pit thought there was Cudahy
selling There were $4,000 hogs In the West.
compared with GJ,oOO last year; 1900 here,
with SO 600 estimated for Friday.
On the curb puts" July wheat closed al
s1Oi: calls" 81 II. Puts" on September
wheat. S7I, cents: calls" 9O% cents. Puts
on July corn 81, cents; calls" 3o1. cents